After a near collapse of the United States automobile industry and record bailouts by the U.S. Government, automakers are offering huge bonus payments to their UAW employees. Workers believe the move is justified because they made equally large concessions to help their employers get through tough times. The payments are being made in advance of… Read more »

European Union (EU) leaders met over the weekend to discuss plans on how to restore confidence in the euro and to prevent a future euro-zone crisis. German Chancellor Angela Merkel informally presented a competitiveness pact designed to bolster the competitiveness of the euro-zone economies. The proposals, developed by Germany and supported by France, called for… Read more »

Canadian Prime Minister Stephen Harper and United States President Barack Obama met to discuss joint strategies for dealing with issues involving border crossings, security, and trade for the two countries. An estimated 1.6 billion worth of goods and services and 300,000 people cross the U.S.-Canada border each day. The two nations seek to develop regulations… Read more »