News
Bloomberg | Barclays Cuts 3,000 Jobs on Revenue Hit
The bank has already cut 1,400 of the positions this year, Chief Executive Officer Robert Diamond, 60, told reporters after Barclays Capital reported a 27 percent decline in pretax profit to 1.42 billion pounds ($2.31 billion) in the three months to June 30.
WSJ | U.S. to Assist Immigrant Job Creators
Among the initiatives is a plan to make it easier for some foreigners to qualify for legal permanent residence, or green cards, if they can demonstrate their work will be in the U.S. national interest. The changes will also include a way for entrepreneurs to obtain work visas without a job offer from an established company.
Reports
NBER | What Explains the German Labor Market Miracle in the Great Recession?
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss.
