Labor

Nine of the financial firms that were recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008, according to a report released Thursday by the New York attorney general. The report is certain to intensify the growing debate over how, and how much, Wall Street bankers should be paid. Read More

Originally posted on July 24 at http://dirtdiggersdigest.org/archives/703. Read More

A U.S. Justice Department indictment unsealed Friday accused R. Allen Stanford of Stanford International Bank, based in the Caribbean money haven of Antigua, of operating a multibillion-dollar Ponzi scheme with the help of Antigua's top banking regulator, Leroy King. Read More

Some of the world's largest energy groups are scrambling to acquire coal mining assets in Indonesia as family-run conglomerates consider divestments to raise cash. Peabody Energy, the US coal miner, and Xstrata, the Anglo-Swiss miner, are believed to be among those interested. Industry analysts said Chinese, South Korean, Indian and Middle Eastern companies were also scouring Indonesia for assets. Read More

Originally posted at http://www.sfgate.com/cgi-bin/blogs/green/detail?entry_id=40674 Read More

Annual meeting will face an outcry from shareholders and campaigners over boardroom bonuses and pollution record Read More

Royal Dutch Shell is facing the risk of a shareholder rebellion over pay for the second successive year after two influential investor advisory groups raised concerns about discretionary pay awards made to board-level executives. Read More

The drop in U.S. demand for high-end jewelry in a slumping economy is having ripple effects around the globe as stores close, workers are laid off in mass in the diamond-polishing factories of Gujarat, and countries like Botswana experience a dramatic drop in diamond revenue. Read More

The drop in U.S. demand for high-end jewelry in a slumping economy is having ripple effects around the globe as stores close, workers are laid off in mass in the diamond-polishing factories of Gujarat, and countries like Botswana experience a dramatic drop in diamond revenue. Read More

A landmark legal case now before the US Supreme Court holds huge implications for lakes across the continent. Nearly four decades the Clean Water Act was passed to protect waterways from industrial pollution, a proposal by Coeur d'Alene Mines Corp. to dispose of tons of effluent in Alaska's Lower Slate Lake has sparked an international debate. Read More