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Archive for February, 2010

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Recessionwire Turns One Year Old

By the Editors ⋅ 12:45 pm February 9, 2010 ⋅ One comment

What a year it has been. We have seen the he-men fall; retailers give us better discounts; the ups and downs of economic forecasts; and changes in gender balance on the home front. The world certainly feels different from a year ago, when “recession” was still cocktail-party chatter, not a serious matter of devastating losses of jobs, homes and savings. Back then, it seemed it would be a brief period of hunkering down; now, we know better.

But we see the positive, too: We’ve seen families get closer, our national savings rate improve, businesses get smarter, values re-emerge. We’ve seen individuals empowered by what they didn’t know they could do…

Have the Cheapest and Awesomest V-Day Ever

By Sara Clemence ⋅ 11:18 am February 9, 2010 ⋅ 2 comments

Say what you will about commercialism and Valentine’s Day—it’s hard to reject a day that celebrates love in all its squishy glory.

Stop using money as an excuse to check out–who says you have to buy roses at inflated prices, or shell out for an overcrowded restaurant? In fact, sharing V-Day in a way that involves less spending (much, much less…) can be even more special. Start with our nine tips for gifts, meals and activities that will
make your Feb. 14 about connection, consideration and romance, not cash and cliches.

Say it with pictures

Or as PhotoJoJo puts it: “If you love someone, shoot them.” Go out and take portraits of each other, even if it’s with a crappy camera…

Recession Briefing: Crazy for Coupons

By David Hirschman ⋅ 9:50 am February 9, 2010 ⋅ One comment

What you need to know today to survive and thrive in the recession.

Coupon use has risen every quarter since the end of 2008, making 2009 the first year of rising coupon use since 1992. Last year, 3.5 billion coupons were redeemed, according to Inmar, a coupon processor that handles about half of the market and publishes figures extrapolated from its own volume. (New York Times)

When you’ve flooded the economy with trillions of dollars, mopping up is no easy task. That’s the reality the Federal Reserve is confronting as it starts to explain how it will undo the aggressive growth-supporting steps that were put in place when the economy was in its deep dive — and begins to be clearer about when that may happen. (Washington Post)

When 22 recently unemployed workers agreed to be filmed baring their souls about what it was like to lose his job, they didn’t expect millions to see their confessions in the George Clooney film Up in the Air. A year later, many of these recession victims have new jobs. (Reuters)…

Screwed: 300 at UPS

By Angela Gabrielle Fabunan ⋅ 9:27 am February 9, 2010 ⋅ Post a comment

A daily review of the employment fallout around the country and the world.

Today’s Total: 701

After announcing a layoff of 1,800 administrative positions, UPS may furlough as many as 300 pilots starting in May…in St. Louis, Trans States Airlines will lay off 150 service representatives and baggage handlers by April…In Tennessee, Mapa Spontex plans to eliminate 132 jobs from March 19 until sometime in June…Non-profit Adelphoi Village is closing a facility in Pennsylvania and laying off 70 workers by April…In New York, the Katonah-Lewisboro School District may lay off about 25-30 public school teachers this week, and 55 teachers in total, due to budgetary concerns about future mandatory raises resulting from teacher’s union contracts…

How to Get to Brand You

By Sheryl Sisk ⋅ 1:56 pm February 8, 2010 ⋅ One comment

You know the score. It’s all about personal branding these days. You know what to do: the blog, the Twitter account, the Facebook page, the … you know, the branding stuff. You need a job, and to get it, or that fat yet elusive raise and promotion, you have to distinguish yourself. With branding.

Hold the phone, there, sweet pea. Before you go all Seth Godin on us, take a moment’s pause. Just a moment – well, OK, I lied, more like several moments. And get clear on just what kind of brand you’re communicating to those prospective and current Powers That Be.

What the Heck Is a Personal Brand Anyway?

A lot of folks are writing about personal branding without a clear understanding of what that is. So let’s clarify our terms first.

A personal brand is not just the way you present yourself. It’s not merely your self-image. It’s that, and a promise you make to others – a promise that you’ll deliver on that image. That you’ve got the goods to back it up. In short, your personal brand is an assurance that your ego isn’t writing checks your skill level and experience can’t cash…

The American Dream is Dead–Long Live the American Dream

By Sara Clemence ⋅ 11:55 am February 8, 2010 ⋅ Post a comment

The American Dream is dead– and it ain’t a bad thing.

In a recent survey by Context-Based Research Group, a Baltimore consumer anthropology firm, 78 percent of respondents said they believed the AD was kaput. But they also agreed that it should be, because the dream has become defined by what you can buy, rather than by freedom and ideals.

If there’s one thing we learned in the past few years, it’s that lots of things are more important than money. So here’s some more good news: Those surveyed said they had taken steps to spend less (85 percent) and had de-cluttered their homes (61 percent). Well, now that all that stuff is gone, what’s taken its place? People…

Recession Briefing: Some Construction Unemployment at 30 Percent

By David Hirschman ⋅ 9:41 am February 8, 2010 ⋅ 2 comments

What you need to know today to survive and thrive in the recession.

No industry has taken it more on the chin than construction. Nationally, unemployment fell to 9.7% in January, but in construction it jumped to 24.7% from 18.7% in October. In many regions, union officials report 30% of their members are unemployed or “riding the bench.” (Time)

For the first time in recorded history, women outnumber men on the nation’s payrolls. This benchmark is bittersweet, as it comes largely at men’s expense — because men have been losing their jobs faster than women. (New York Times)

More prosperous American shoppers seem to be defying continuing high unemployment levels and economic uncertainty to renew their spending on luxuries such as jewelery, fashion and cosmetics. (Financial Times)…

Screwed: 1,607 in Chicago

By Angela Gabrielle Fabunan ⋅ 9:18 am February 8, 2010 ⋅ Post a comment

A daily review of the employment fallout around the country and the world.

Today’s Total: 2,311

Chicago Transit Authority laid off 1,607 unionized workers intheir decision to cut nine express bus lines and provide less frequent bus service…GNAC plans to eliminate 554 employees and three offices due to loan losses…In Michigan, Consumers Energy will lay off 80 unionized workers by the end of this month…

Want to Work at a Startup? Does Your Startup Need Workers?

By Sara Clemence ⋅ 3:44 pm February 5, 2010 ⋅ One comment

Talk about upside potential.

In the recession, lots of entrepreneurs have had to bootstrap their startups. They’re dying for talent, but can’t pay salaries. Meawhile, there are lots of smart people willing to work for, um, “alternative” compensation (i.e., equity, low pay, or nothing), because they want to build their resume, take a shot at a startup or just do something with their unemployed selves.

Enter JobNob.

Our smart friends at JobNob bring the two sides together. They have held eight successful mixers in Silicon Valley for job-seekers to connect with startups, and they’re brining the show to New York on Feb. 9…

Why Daddy Has Time to Eat Fruity Pebbles Till Noon

By Andrew Lipstein ⋅ 10:19 am February 5, 2010 ⋅ One comment

As a kid, I always hated it when my parents spelled out words they didn’t want me to hear. Back then it was b-e-d-t-i-m-e, or g-r-u-m-p-y. Now it’s words you won’t even need to spell. B-e-r-n-a-n-k-e. C-r-i-p-p-l-i-n-g U-n-e-m-p-l-o-y-m-e-n-t.

Why bring little Timmy or Madeline out of their world of ice cream and action figures and into your world of calling that guy you played club soccer with in college to see if his management consulting firm has any entry-level positions to fill? How to explain, or not explain, the recession to your children:…

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