Secretary of State John Kerry and leaders from five other world powers early Sunday reached a nuclear deal with Iran, following intense negotiations that took place over several days in Geneva. The deal represents a historic breakthrough in the world's decade-long nuclear standoff with Iran, and in the 35-year-long diplomatic freeze between Iran and the United States. The deal was struck with astonishing speed given the history of failed negotiations, coming in just the third round of talks over less than two months. The breakthrough also comes less than three months after Iran's new President Hassan Rouhani promised, in an interview with NBC News, to dramatically alter Iran's relationship with the world.
The Swiss are going to vote on a resolution to limit Executive pay to no more than 12 times the lowest wage earner of the company. Currently the ratio of low wage to executive pay is 1:200+. In America that ratio is about 1:273.
The Swiss already voted in March to curb bonuses and golden parachutes.
Defense contractors have started laying off workers as the impact of the shutdown grows. Lockheed plans a layoff of 3,000 next week. United Technology has laid off 2,000. The general consensus of the leaders at the Asia-Pacific Economic Cooperation is that the world, still in a soft recovery, can't take too much more of U.S. dysfunction. "I'm disappointed that we must take these actions and we continue to encourage our lawmakers to come together to pass a funding bill that will end this shutdown," said Marillyn Hewson, Lockheed's chief executive.