Lynn Parramore
Recession Briefing 2.9
What you need to know today to survive and thrive in the recession.
Bull Market for Feng Shui Masters (WSJ)
Praise to the King Money Frog in the Year of the Ox. Feng shui masters are finding a receptive audience for financial matters after a year of massive losses for banks. In Hong Kong, seeking tips from practitioners of Chinese cosmetology is widely accepted.
What recession? Grammy red carpet sparkles (Newsday)
The recession means belt-tightening for many, but few in the music industry are having to hock their sequins or gold grillz. Not yet, anyway, if the red carpet arrivals at last night’s Grammy Awards are any indication.
Screwed: 2,000 at Estee Lauder
A daily review of the employment fallout around the country.
Estee Lauder will reduce workfore by 2,000 over next four years…Ford to cut 850 jobs in the U.K….WSJ downsizes workforce by 2%…LA Times to drop 300 employees…New York Times’ About.com will pinkslip 10% of staff…
Read more…
Recession Briefing 2.6
What you need to know today to survive and thrive in the recession.
As Layoffs Surge, Women May Pass Men in Job Force (NYT)
Call her Ms. Breadwinner. With the recession stretching on, a milestone may be at hand: Women may surpass men on the nation’s payrolls, taking the majority for the first time in American history. How about some equal pay, too?
Comfort an Axed Coworker (Wired)
The higher-ups just called a special meeting in the conference room; thank God, you weren’t invited. But your work pal was…Here’s how you can help ease the pain.
Read more…
Screwed: 15,000 at Panasonic
Japan’s Panasonic will eliminate 15,000 jobs. … Cisco may cut 2,000 employees but eschews the word “layoff”. … Boeing plans 800 job cuts in IT and Cessna reduces workforce by 4,600…Time Warner Cable plans to layoff more than 1,200 nationwide over the next few weeks…THQ, bleeding money, lets go 600…Allergan plans to pink-slip 460 people — 5% of staff.
Recession Briefing 2.5
What you need to know today to survive and thrive in the recession.
Boo Hoo in the Boardroom (NYT)
Better not bitch about that bonus, Sir Wall St. Timothy Egan sounds off on the class resentment sweeping the country. The conversation about wealth has changed, and woe to the tone-deaf.
For Pawnshops, the Recession Is a Golden Egg (Business Week)
Cash America feels hawkish about the recession. That right, the company that brought pawnshops mainstream is boosting online loans offers and expanding a payday cash-advance feature.
Screwed: 4,800 at IBM
A daily review of the employment fallout around the country.
IBM continues to quietly lay off more than 4,800 workers…Fidelity starts second round of reductions…Martin Petroleum files layoff notice, just in case…Fresno County announces layoffs and other changes…
Recession Briefing 2.4
What you need to know today to survive and thrive in the recession.
Hilton Pledges Help To The Economy (SF Gate)
We’ll always have Paris. Ms. Hilton has promised to help the struggling global economy by doing what she does best: shopping.
UPS Q4 hit by tough economy; package volumes down (Reuters)
The economy is not down with brown. United Parcel Service Inc reported a reduced quarterly profit on Tuesday, forcing it to cut costs, including freezing some wages.
Traveling Tight: Don’t Get Fleeced by Currency Conversion Fees
Money’s tight. So every penny counts when you’re on the road…
Psst. You may be incurring up to 3% in currency-conversion fees when you travel abroad every time you use your credit card. In recent years, banks have started piling fees right on top of the standard 1% fee that Visa and MasterCard charge for foreign purchases. Why? Because they think you’re too jet-lagged to notice.
Screwed: Up to 1,800 at Morgan Stanley
A daily review of the employment fallout around the country.
Morgan Stanley may lay off 3% to 4% of staff this month … Farm equipment maker Deere & Co. expands Iowa layoffs to 200 … more Hawker Beechcraft layoffs coming this week in Kansas … Macy’s went public with plans to cut 7,000 jobs including over 1,000 in San Francisco.
Read about layoffs at the sites compiled on our Layoff Tracker page.
Recession Briefing 2.3
What you need to know today to survive and thrive in the recession.
Economy won’t stop the spring break party (USA Today)
Bring on the keg and break out the bikinis. It’s party time, and college students aren’t planning a staycation.
In Recession, Libraries Are Booming (CBS)
Libraries are becoming the hot spot for just about everyone. Funding is scarce, but applications for library cards are up and the unemployed are flocking to use resources for job-hunting.
More families move in together during housing crisis (USA Today)
Hey, Mom, I’m home! Love isn’t all that’s keeping family together today. The bruising housing market is, too.
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