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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 [...]
It is tough to blog consistently. Like any writer, you have days of inspiration, where you don’t have enough time to write all the things you want to say…and then…like any writer, you have days with total, unwavering, heart-rending writer’s block. It’s never that I don’t have something to say. I can always [...]
The California budget and economy is falling apart. 21,000 state employees are getting layoff notices in about a minute. Those remaining will be forced to take 2 day furloughs per month — but at least they’ll still have their work. The federal stimulus package was just signed by Obama, so over time, some lost [...]
Whether you agree with the details of the stimulus package or not, it had to be passed. Politicians can posture as much as they want, but the reality outside of Washington, DC is pretty dire.
Today, on Friday the 13th, while across the US, kids in elementary schools (yes, even in California, which [...] Unemployment in California has hit 9%. That is just plain bad. So I can’t understand why so many politicians are trying to put the brakes on Obama’s stimulus package. At the Democratic caucus, Obama reiterated the point of a stimulus package …to…spend money to create jobs. And with so much money going toward infrastructure rebuilding, I can’t [...]
Globally, many countries are having to take stake in life-blood companies — in the US, banks like Bank of America, Citibank; in the auto industry, Chrysler and GM — and, well, you’ve read the news. The more money that gets infused into the failing businesses, the more nationalization will be taking place. As [...]
With markets imploding, 50 plussers are losing jobs by the droves while seeing their nest eggs devastated. When I think of the economic journey we are faced with, regardless of demographic, and the responsibility that is laying on Barack Obama’s shoulders, I get the image of the mythological Greek Sisyphus endlessly pushing the [...]
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 [...] |
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