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While waiting for approval from the National Assembly Standing Committee, proposals by the Ministry of Labour, Invalids, and Social Affairs to extend overtime limits are being looked at closely by business associations and trade union representatives.
Stock markets in europe are up slightly in early trading. they just opened an hour or so. shanghai mixed overnight. millions of workers about to get a raise thanks to new overtime rules pass by the white house. not anytime. a federal judge in texas suspended that rule from going into effect. it's a major blow to a really important goal of the obama administration to raise wages for working americans. ruling findings it's overreached its authorities by raising the overtime limits. here's what would have happened on december 1st. the salary threshold was set to increase from $450 per week to $91...
Jon: right now president obama getting set to make a big announcement in just a couple of hours. the expansion by executive order of overtime pay rules, possibly affecting millions of americans. this as he presses congress to raise the minimum wage for all workers. what does it mean for business owners and the economy? columnist for the washington times, is with us, ed o'keefe for "the washington post" as well. ed, you've written considerably on this particular issue. there cannot be a lot of appetite in congress for another presidential executive order that sort of bypasses congress, or is th...