Archive for February, 2009
Have you seen us in…
Love in the Time of Layoff: Helicopter Spouse
Earlier this week I received a comment that both touched and saddened me. Writes nelson46, in response to my
recent posts on standing by my jobless man:
“Is my wife’s need to exclaim disdain (never ending) so immature?”
I looked up “disdain” in the dictionary and found this: “extreme contempt or disgust for something or somebody,” “to regard something or somebody as not worthy of respect.”
I feel…
Screwed: 5,000 at Goodyear
A daily review of the employment fallout around the country and the world.
Five thousand will be laid off from Goodyear Tire & Rubber Co., which lost $330 million in the fourth quarter. … A restructuring of the pork group at Smithfield Foods means 1,800 will lose their jobs. … Montreal publisher Transcontinental will cut 1,500 jobs. … To trim its operating budget after a 47 percent income loss in the first quarter, Agilent Technologies will lay off 600 people. … On the heels of a soft Q4, Ingram Micro cuts 300 jobs.
Recession Briefing 2.19
What you need to know today to survive and thrive in the recession.
Keep your money under the mattress (The Deal)
One company has created a mattress with a built-in safe to help you sleep easier.
Do you qualify for a mortgage bailout? (Business Week)
If your total monthly home payments (interest, principal and taxes) are greater than 31% of your monthly, pre-tax income you may qualify for help under the president’s $275 billion plan. Meanwhile, Portfolio.com’s Felix Salmon likes what he sees in the plan. (Market Movers)
Cookin’ for Love: Satisfaction Stew
You’ve been stripped of your big office, fat title, hot assistant and, most important, your paycheck. But being emasculated on the job doesn’t mean you can’t satisfy your significant other at home—with food.
On the Home Depot scale, cooking something impressive and tasty falls somewhere in between changing a light bulb and installing a new shower head—that is, pretty simple. Some quick rules for the new house husband, and a 20-minute recipe:
How to Sleep Through the Recession
One thing you can be sure of when you’re tossing and turning at 4 a.m. is that you’re not alone: The recession is keeping everyone up.
So what should you do about it? Consider trying these strategies to help you get a good night’s sleep in a pinch (without resorting to sleep clinics or expensive prescription drugs).
Forget the Benjamins. Hamilton is Back.
We’ve just been poking around the West Indian island of Nevis, the birthplace of Alexander Hamilton. This man knew a little something about money, and there’s a renewed interest today in his prescient ideas about the American economy.
Alexander Hamilton was the first US Secretary of the Treasury, a Founding Father, economist, and a bit of a rake. He was a thoroughly modern man who envisioned a strong federal government and a strong treasury, a national banking system, a stock market and foreign trade policy that balanced openness with protections…
Plane Folly
This year, Stephen Schwarzman’s birthday was a much more modest affair than in 2007, when he cemented his position as poster child for hedge fund excess. His 60th birthday bash was said to have cost $3 million and included a performance by Rod Stewart.
Yesterday, we’re told, Blackstone Group employees were invited to a giant boardroom for a brief roast and some cake. But it wasn’t all humble pie. Huge flat-screens in the rooms displayed the birthday invitation—a map showing the many miles Schwarzman had traveled in the last year, complete with cute little pictures of private planes.
Screwed: 47,000 at GM
A daily review of the employment fallout around the country and the world.
General Motors plans to cut 47,000 jobs this year as part of its pitch for additional bailout funds. … Auto parts maker Delphis is said to have pared let 800 people go. … Agilent Technologies to lay off 600 workers as first-quarter sales drop 47 percent. … TheWashington Post notes that the tech sector has had 300,000 layoffs since August.
Recession Briefing 2.18
What you need to know today to survive and thrive in the recession.
Talese’s ‘Novel’ Pitch for Poor (NY Post)
Author Gay Talese has created signs for panhandlers that reads, “Please support Pres. Obama’s Stimulus Plan. Begin right here . . .”
Not So Stimulating (Forbes.com)
The stimulus package becomes law and the stock market falls 300 points.
Cities of Opportunity
While Americans anxiously await the trickle down effects of the president’s $787 billion stimulus plan, one fact seems clear: some of us will benefit more than others. Why? A lot depends on where we live.
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