See there ya go again....

How do yo know anything about what I get up to?

I took them out just under a year before it collapsed.

I am claiming to have lost nothing, so get off your high horse.

Nearly 2 million jobless in the UK.

I say we look towards India and take back those telecom roles that the darks took.

Lompac is on vacation now... racism won't be tolerated here.

Thank you.

WHOOO HOO

At least that was good news...

Billions-of-Taxpayer-Dollars-Flushed-Down

In a rare bit of good news,a US windfarm company are going to open up along the banks of the river Tyne here in Newcastle on the sites of the old abandoned shipyards!

Could employ up to a thousand people in the long run

Wouldn't that be lovely?? It's just more doom and gloom over here. Our two biggest pharmaceutical companies are merging and they predict 15,000 layoffs due to the consolidation!!

Yes, SB,doom and gloom everywhere unfortuneately.....

Caterpillar Tractor Co. announced 20,000 layoffs and a department of Home Depot is closing all together, losing 7,000 jobs.

IBM is laying off 3,000 people, too.

It's getting pretty scary.

Both my daughter and my niece are looking for jobs. Back in 1992, my husband lost his job. Even though there was fierce competition for jobs, places WERE hiring!! However, this past Saturday, there were all of about 5 or 6 jobs in the paper. And the weekend is when they usually have the most ads!!!

Add this one: Corning slashes up to 4,900 jobs to cut costs

I just don't get how these companies can feel good about themselves. Just because they are making fewer profits (but still profiting from their business) they need to make 1000s of people suffer just to help their stock price?

I'm not very business-minded so maybe I'm oversimplifying things... but to me it's disgraceful.

I'm going to school for business. The higher I go the crookeder it gets.

It's not an oversimplification to realize that a company's fiduciary responsibility is to those who have invested inthe company. In addition, a company has to remain competitive and there's not much left to affect that beyond labor and materials.

I read somewhere on the net that the porn industry wants a bailout from the Government. That is sad.

Massive walkouts today in support of a comapany that was bringing in foreign workers.

Yep! They sure have that fiduciary responsibility to their investors!

Oh, and let's not forget that some of these companies must remain competitive by cutting jobs and labor costs because after their $400,000.00 junkets and half million dollar bonuses for the executives, there's not much left to affect!

Interesting article on the evening news last night. The media have been accused of making the credit crunch worse than it actually is. Whilst there is no doubt we are in a terrible world-wide recession the media mentioning it constantly is apparently making it worse.

They may have a point. This week we have had our bad weather over here. The news covered it along the lines of "after the credit crunch comes bad weather". When there is some good news it is reported "despite the credit crunch an old chap managed to win the lottery".

Of course the recession is the biggest news going and all these media types want to win their awards i guess

Jay Leno had a good joke last night about this CEO pay cap.

"Some of the CEOs just don't get it" he said. "That's $500,000 a month right?"



TIS

I am reading that many of these CEO's are looking for (as we speak most likely) and will find loopholes. Can you imagine how they are scrambling?


TIS

What a bunch of blood suckers.

Thank you!!

Ah, to have to scrape by on "only" $500,000 a year. Sigh. We all have to make our sacrifices.

Yogi brings up an excellent point. The endless media reports about this company going bankrupt or that one laying off 5,000 people just sends people into MORE of a panic, which causes them to spend even less, which makes the economy even worse. It becomes a self-fulfilling prophecy.

What is the media supposed to do? Not report what is going on?

There's many ways, whether it be bonuses, dividends, changing a job title, whatever.


So this is from my area...
4.732 applicants for 125 jobs

http://blogs.post-trib.com/street/2009/02/4732_applicants_for_125_jobs.html

The solution is easy....any compensation or remuneration above $500,000 will be txed at 99.9%
And also no loans that are not collateralized by pre-existing assets.

No, but it's all in the interpretation. There was an article about car sales in my paper, and how all the companies had HUGE downward trends. Then, at the very end of the article, there were a few lines that both Hyundai and Subaru had sales go UP.

Why wasn't THAT the focus of the article, or at least the headline??

The only way to beat the recession:

See your geeting back to your old self..

Do you even know what a recession is..

Its obvious that you don't!!