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Not since 1941 has California hit such a high unemployment number. If you had money, now would be a great time to buy up properties, stocks, artwork…if you had money. But in addition to the 11.2% on the dole rolls, there are another few percentage points of the unemployed who don’t show up [...]
The fact that I’m old enough to remember watching my friends lose homes in the mid-eighties is scary enough. But I wasn’t old enough then to understand global economic impact as I do now. There are currently about 25 million Americans out of work and looking for work. That is almost the population [...]
Times are SO tough. I get a lot of emails and questions from Boomers and 50 Plussers who, literally, are down to the pennies in the cookie jar in order to put food on the family table. I got a question yesterday that got to me. Not because it is any different than [...]
The hurt keeps on coming. This morning Microsoft announced their 2nd quarter results and with the global economy still limping along, put plans in place to lay off 5,000 staff over the next 18 months, included 1400 who got their pink slips today.
Always go to the source: http://www.microsoft.com/presspass/press/2009/jan09/01-22fy09Q2earnings.mspx In light of the [...] In case you haven’t yet heard, Circuit City is officially bankrupt and all 567 stores are being prepped for liquidation. That’s about another 34,000 employees who have been given the pink slip. Some staff will be asked to stay on as the stores shut down and most associates will be given a small [...]
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