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S.Africans suspend strike

06/09/2010 12:00:00
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South African civil servants have decided to suspend their three-week old strike, a union leader said yesterday, but warned workers have not yet agreed to the government’s latest wage offer.
“Labour has decided to suspend the strike, and this does not mean that we have accepted the state offer,” said Thobile Ntola, chairman of the South African Democratic Teachers Union (SADTU), speaking at a press conference in Johannesburg for all the unions involved.
About 1.3 million public workers went on strike on August 18 demanding an 8.6 percent wage increase and a 1,000 rand (139 dollars/ 108 euros) housing allowance.
The government is offering a 7.5 percent wage increase and an 800-rand housing subsidy. The strike has mainly affected poor South Africans, shuttering schools and hobbling public hospitals that have called in military medics to stay running.

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Stock market volatility on 06/09/2010 23:16:23
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Notwithstanding the fact that the government was proposing a wage increase but then the demand of million of public worker didn't met. Isn't alarming thta we are facing several issues that remains unsolved over the years, I am so affected with the news posted last Tuesday. The wall street forged ahead Tuesday morning on news that the consumer confidence directory rose. A few hours later, once the Federal Reserve's minutes were released, the stock marketplace dove. Wednesday marketplaces shot up again on news of gains in United States and Chinese manufacturing. It’s likely that the stock exchange will dive again on Friday once the Department of Labor submits its monthly jobs report. This recent wild ride brings one of the most dismal August the wall street has experienced since 2001 to a close. The year 2001 was also the last time the Market Volatility Directory, abbreviated as VIX and also called the “fear directory,” had such a large jump in the month of August, when it rose by almost 11 percent.
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Jasmin Pelle on 07/09/2010 02:17:24
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Everyone's dream is to ahve a healthy family living in a dream home together.The ultimate goal of every parents is to give thoer family a healthy place to live in. One of the very first things the Obama administration did once in office was to offer a house loan modification program called <a title="Most get dropped from mortgage loan modification program*****; href="http://personalmoneystore.com/moneyblog/2010/08/20/mortgage-modification-program/">Make Home Affordable</a>, or the Make Home Affordable Modification Program. The way it worked is the government would work with the loan company for making a borrower’s mortgage more affordable. People who did get the modification on their loans also might be more likely to default on their loans anyway. Most that enroll go nowhere. A majority drop out of the program.
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