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Keyword: obamasizing

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  • This Graph Should Scare You

    11/18/2012 2:18:34 PM PST · by lbryce · 65 replies
    Washington Post WonkBlog ^ | November 18, 2012 | Staff
    A new study from the Congressional Budget Office starts with the scariest graph you’ll see today. Source: Congressional Budget Office In other words, you’re not imagining it: This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isn’t as good at growing as it used to be. The new...
  • The Demise Of The Twinkie: Hostess Files Motion To Liquidate

    11/16/2012 5:13:37 AM PST · by Sub-Driver · 300 replies
    The Demise Of The Twinkie: Hostess Files Motion To Liquidate By Tom Gara And that’s that: Hostess Brands, maker of Twinkies, Wonder Bread and more, announced this morning it has filed a motion with bankruptcy court to start liquidating the company immediately. A huge number of jobs are soon to be lost. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce,” said CEO Gregory F. Rayburn in the statement, “and focus on selling its assets to the highest bidders.” In a letter posted on a new site set up to communicate with employees and suppliers through...
  • CCAC cutting hours to avoid health-care mandate

    11/15/2012 9:08:45 PM PST · by knak · 38 replies
    Community College of Allegheny County will trim hours for about 400 of its part-time workers to avoid having to provide them with health insurance coverage, the school's president, Alex Johnson, said Thursday. Mr. Johnson told members of Allegheny County Council that complying with the requirements of the federal Affordable Care Act, informally known as Obamacare, would have cost CCAC $6 million annually for part-timers who have been working at least 30 hours per week. Affected employees include both adjunct faculty and maintenance workers. CCAC has an annual operating budget of about $110 million and is facing reductions in county support...
  • Comcast's NBCUniversal unit lays off 500 employees: source (Get rid of them all!)

    11/13/2012 3:17:57 AM PST · by tobyhill · 20 replies
    reuters ^ | 11/12/2012 | staff
    Comcast Corp's NBCUniversal entertainment unit is laying off about 500 employees at cable channels, Jay Leno's late-night TV show and the Universal Pictures movie studio, a person with knowledge of the matter said on Monday. The cuts add up to about 1.5 percent of the company's workforce of 30,000 employees, the source said. A large portion of the layoffs occurred at the G4 cable channel, a network about video games and the gaming culture, the source said. Two of the network's shows were recently canceled. Other layoffs occurred about two months ago at "The Tonight Show with Jay Leno," which...
  • Hostess closing Seattle bakery; 110 workers affected

    11/12/2012 8:00:31 PM PST · by chessplayer · 97 replies
    Hostess Brands Inc. is permanently closing three bakeries following a nationwide strike by its bakers union. The maker of Twinkies, Ding Dongs and Wonder Bread said Monday that the strike has prevented it from producing and delivering products, and it is closing bakeries in Seattle, St. Louis and Cincinnati. The facilities employ 627 workers. Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike Nov. 9 to protest cuts to wages and benefits under a new contract offer, which the union rejected in September. Union officials say the company stopped contributing to workers'...
  • The layoffs have only just begun; when will they end?

    11/12/2012 8:49:19 AM PST · by jmaroneps37 · 21 replies
    coachisright.com ^ | Nov 12, 2012 | Kevin "Coach" Collins
    It didn’t take long. The layoffs and closings are piling up. The saddest thing about compiling this list is that by the time today is over, the list will probably have grown dramatically. The next saddest part is that at least some of these lay off employees voted for Barack Obama because they didn’t believe this would happen. These are more than just headlines. Every number represents real people who have lost their livelihood. Boeing Announces Big Layoffs in Defense Division cut 30% of workforce Anonymous employer in Los Vegas: “I have 114 employees. I’m firing 22” Momentive Inc. plans...
  • Health-Care Law Spurs a Shift to Part-Time Workers

    11/10/2012 2:58:24 PM PST · by grundle · 49 replies
    Wall St. Journal ^ | November 4, 2012 | JULIE JARGON, LOUISE RADNOFSKY and ALEXANDRA BERZON
    Some low-wage employers are moving toward hiring part-time workers instead of full-time ones to mitigate the health-care overhaul's requirement that large companies provide health insurance for full-time workers or pay a fee.Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to below 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker. Pillar Hotels & Resorts this summer began to focus more on hiring part-time workers among its 5,500...
  • Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

    11/10/2012 7:19:18 AM PST · by blam · 39 replies
    TEC ^ | 11-9-2012 | Michael Snyder
    Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can By Michael Snyder on November 9th, 2012 The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you...
  • Economy: Post-Election Firings and Layoffs Surge

    11/10/2012 1:41:38 PM PST · by 2ndDivisionVet · 71 replies
    Market Daily News ^ | November 10, 2012 | Michael Snyder
    The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you have never tried to run a small business, then you have no idea how oppressive this system actually is for...
  • Forward! To mass layoffs!

    11/08/2012 9:48:06 AM PST · by Red Steel · 113 replies
    Human Events ^ | 11/8/2012 07:58 AM | John Hayward
    Obamanomics grinds grimly onward,  as CNBC brings word that on the day after the election, “Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California, and consolidate several business units to cut costs.”  It was sweet of them to keep that under wraps until after the election, wasn’t it? And that’s not even the dreaded “sequestration” layoffs, which Obama broke the law to convince defense contractors to keep under wraps until after the election.  Those are yet to come.  The upside to living in a banana Republic...
  • TECO laying off 90 in coalfields [War on Coal]

    11/09/2012 8:29:54 AM PST · by Vince Ferrer · 9 replies
    WTVQ.com ^ | November 9, 2012
    HAZARD, Ky. (AP) — About 90 jobs are being lost in the eastern Kentucky coalfields. WYMT-TV (http://bit.ly/TPmWQ3 ) in Hazard reported TECO Coal Corporation is cutting back production and shedding jobs. Company personnel director Paul Matney told the station no mines are closing, but manpower and staffing is being trimmed to match reduced production from the mines. Matney said the layoffs are at several locations and are the result of economic conditions in the coal market. ___ Information from: WYMT-TV, http://www.wkyt.com/wymtnews
  • Companies plan massive layoffs as Obamacare becomes reality

    11/09/2012 8:58:44 AM PST · by Evil Slayer · 70 replies
    The Washington Times ^ | 11/9/12 | Kerry Picket
    Freedom Works has put together a list of companies that will be laying of employees as a result of President Barack Obama's health care law: Welch Allyn Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law. Dana Holding Corp. As recently as a week ago, a global auto parts manufacturing...
  • More Layoffs for Major Wind Company (3,000 Jobs Cut)

    11/08/2012 10:38:17 PM PST · by My Favorite Headache · 3 replies
    A global wind company with offices in the Pacific Northwest has announced more layoffs. Vestas says it will cut an additional 3,000 jobs by the end of 2013. That nearly doubles the number of jobs the wind turbine company had planned to eliminate. Most recently Vestas it would layoff 3,700 people by the end of 2012. Vestas has not said where jobs will be cut from its global workforce, though some of the job eliminations happen as the company sells off some manufacturing facilities. That means workers will be employed through a different company. Vestas’ North American sales and service...
  • W-B officials to announce mandatory layoffs

    11/09/2012 12:45:22 AM PST · by My Favorite Headache · 6 replies
    Wilkes-Barre city employees will know by the end of the week if their jobs are safe from furloughs during the final six weeks of the year, city officials said Wednesday. In October, the city asked its nearly 300 employees to take voluntary furloughs to patch a $2 million deficit. But the number of employees who accepted them by last Friday's deadline was not enough to solve the city's budget woes, forcing the city to resort to mandatory furloughs, city spokesman Drew McLaughlin said. McLaughlin said officials are still determining how they can reduce the work force without diminishing services. The...
  • Layoffs

    11/07/2012 3:30:02 PM PST · by Lorianne · 54 replies
    various
    Boeing Announces Big Layoffs in Defense Division http://www.cnbc.com/id/49729998 ING Layoffs In State Are Unrelated To Massive Staff Reduction In Europe http://www.courant.com/business/connecticut-insurance/hc-ing-layoffs-20121107,0,5645363.story Caterpillar’s Layoffs Parallel A Falling Monthly Copper Price Index http://agmetalminer.com/2012/11/07/caterpillars-layoffs-parallel-a-falling-monthly-copper-price-index/ More Layoffs May Be In Store for Alcatel-Lucent http://www.fool.com/investing/general/2012/11/06/more-layoffs-may-be-in-store-for-alcatel-lucent.aspx Boeing Telegraphs Layoffs in Defense, Space & Security Unit http://247wallst.com/2012/11/07/boeing-telegraphs-layoffs-in-defense-space-security-unit/ Umatilla Chemical Depot plans layoffs this month, in 2013 http://www.tri-cityherald.com/2012/11/06/2160493/umatilla-chemical-depot-plans.html#storylink=cpy Hawker Beechcraft to close plants in Arkansas, Texas, Arizona, cut more jobs http://www.therepublic.com/view/story/52f3fff526904fc68717a1cf890c9f9c/KS--Hawker-Beechcraft-Layoffs
  • Momentive Inc. plans temporary layoffs for 150

    11/09/2012 12:50:28 AM PST · by My Favorite Headache · 5 replies
    About 150 workers at Sistersville's Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week. Citing a reduction in customer demand and a weak economy, the company will lay off workers for a two week period beginning Nov. 12 and ending Nov. 25, with workers returning to the job Nov. 26. According to John Scharf, spokesperson for Momentive Performance Materials Inc., temporary layoffs due to reduced demand are commonplace in manufacturing. "There are slow downs like this at various times, where we don't receive many orders as other times of the year," he said....
  • Crouse Hospital announces another round of job cuts

    11/09/2012 4:31:29 AM PST · by Vince Ferrer · 4 replies
    9WSYR.com ^ | 11/8/2012 | Anonymous
    Syracuse (WSYR-TV) -- Crouse Hospital announced Thursday another round of cuts as it considers significant challenges down the road due to healthcare reform. Seventy jobs – 23 that were vacant – were cut on Thursday, including nursing, nursing support and non-nursing positions. Bob Allen, a spokesperson for the hospital, says they’re looking ahead as they expect decreases in Medicaid and Medicare reimbursements. The hospital is looking at ways to contain costs on supplies, overtime, and other expenses to insure the hospital can provide service in the future. Last month, the hospital cut 23 management positions – three that were vacant...
  • Nearly 200 'family-sustaining' jobs to be lost as HarperCollins plans to close warehouse

    11/08/2012 12:17:24 PM PST · by Arthurio · 36 replies
    HarperCollins Publishers will close its warehouse and distribution operation in Throop next summer and put close to 200 people out of work. “The industry is changing,” said Erin Crum, spokeswoman for HarperCollins, a book publisher based in New York. “It just makes sense for us to go this route as we shift to a more digital industry.” Ms. Crum would not disclose how many people will be laid off when the warehouse at the Keystone Industrial Park closes. However, Craig Pawlik, principal officer of Teamsters Local 229 in Scranton, said 192 people will be furloughed. The union represents maintenance and...
  • Stocks head for third day of declines

    11/09/2012 4:57:31 AM PST · by rightwingintelligentsia · 35 replies
    CNN Money ^ | November 9, 2012
    NEW YORK (CNNMoney) -- U.S. stock futures were lower Friday, as disappointing corporate results weighed on sentiment, setting the market up for a third straight day of declines. J.C. Penney (JCP, Fortune 500) reported a much bigger than expected loss, sending its shares tumbling more than 8% in premarket trading. The company lost 93 cents a share excluding special items, while analysts surveyed by Thomson Reuters were forecasting a loss of only 7 cents. Sales also fell short of forecasts. It marked the third straight quarter of bigger than forecast losses at J.C. Penney as new CEO Ron Johnson struggles...
  • The Mass Firings Begin (Stella Paul)

    11/09/2012 5:23:20 AM PST · by RoosterRedux · 82 replies
    AmericanThinker.com ^ | 11/9/2012 | Stella Paul
    Obama was "fired up" and so were the voters, and so now, the mass firings begin. Here's a collection of today's headlines. Please say a prayer for the families who will be suffering. Had Romney won, many of these companies would now be hiring. Teco Coal officials announce layoffs Momentive Inc plans temporary layoffs for 150 Wilkes-Barre officials to announce mandatory layoffs 600 layoffs at Groupon More layoffs announced at Aniston Weapons Incinerator Murray Energy confirms 150 layoffs at 3 subsidiaries 130 laid off in Minnesota dairy plant closure Stanford brake plant to lay off 75 Turbocare, Oce to lay...
  • Teco Coal officials announce layoffs (Eastern Kentucky)

    11/09/2012 2:37:41 AM PST · by Timber Rattler · 19 replies
    WYMT.com ^ | November 8, 2012 | WYMT.com
    Around 90 employees are being laid off from the Teco Coal Corporation. Director of Personnel, Paul Matney, says no mines are shutting down but they are reducing their manpower and staffing, which will reduce some production. Matney said that the layoffs are at several locations and are the result of the economic conditions of the coal market. He says more information will be released Friday.
  • The Free Republic "Elections Have Consequences" Repository

    11/08/2012 10:08:08 AM PST · by ScottinVA · 69 replies
    Self | 8 November 2012 | ScottinVA
    Fellow FReepers -- This is designed to serve as a single repository for layoff announcements, stories and other related news pertaining to the future dismantling of our economy due to the re-election of Barack Obama. The goal here is a one-stop source to bolster our argument that Obama's reelection is truly the detriment to our economic well-being.