my husband has simply been cut back by 40%.....try living without 40% of your prime income...its not easy nor pretty....
The last accurate jobs forecast this nation has seen was Perot’s “giant sucking sound”.
Who said irony is dead? Driving from work(grateful to have a job, thank God) listening to Hannity and the news comes on and the lead story is, “The White House announced the stimulus is working and the recession is over’’. Without missing a beat, without a tinge of irony or even a commercial break in between the next story is “Today the Electrolux Corporation announced it is closing two of its plants in Ohio and laying off 850 workers’’. And I though, “My God, who wrote that, Joe Biden”?
Jay Yarow
Oct. 26, 2009, 4:25 PM
Forbes had layoffs this morning according to a source at the company, and more cuts will be coming later this week.
It's not clear where the cuts will come--from the business side or the editorial side. Reading the memo sent by Steve Forbes to the staff, it appears the cuts will fall more on the business side of operations.
On the editorial side, we will maintain the essential strengths of Forbes while also deepening our relationships with our community. On the advertising side, we are making shifts to fully meet marketers' evolving needs. These current difficulties are a more intense version of what we underwent eight years ago, particularly after 9/11. Then, print advertising plummeted, and our Web efforts, like those of other publishers, were in the red.
[snip]
It looks like an trend which started May 2001 on the graph.
Obama was supposed to turn this around.
Where are the green jobs?
Where is the WPA? TVA? Hoover Dam? Highway expansion?
Moon program?
Look on the bright side, at least Obama’s golf game is getting better.
I wonder how much of this is structural? Technology has a way of eliminating many, many jobs. Marx used to howl about this and China purposely keeps technology at bay to keep people digging and shoveling by hand. Keep them working or they revolt. We may have a mess on our hands!