Recession Briefing: Flying the Private Skies Again

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

Gingerly, some business travelers are venturing back into private aircraft after the battered economy — and a public outcry against that perk of fat cats, the corporate jet — walloped the general aviation industry starting in 2008. (New York Times)

The longest and deepest U.S. economic slump in seven decades has been dubbed the “Great Recession” by the Associated Press. The AP Stylebook Online notified subscribers this month it had added the term as a reference for the downturn that began in December 2007. (Bloomberg)

Nearly 20 percent of the U.S. workforce lacked adequate employment in January and struggled to make ends meet with reduced resources and bleak job prospects, according to a Gallup poll released on Tuesday. (Reuters)…

Recession Briefing 7.31: Office Romance Down

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

“People just aren’t having [you know what] in the office any more,” a Wall Street HR person said. “It’s like the crash dampened their hormones.” (Business Insider)

New-car shoppers appear to have already snapped up all the $1 billion that Congress appropriated for the “cash for clunkers” program, leading the Transportation Department to tell auto dealers Thursday night to stop offering the rebates. (New York Times)

Millions of Americans are making dramatic career turnabouts in the recession as some industries shed jobs which analysts say likely won’t return for years, if ever. (USA Today)…Also

Screwed: 2,500 at Izhavto

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

Today’s partial total: 3,600

Some good news: Los Angeles Unified School District is rescinding the 505 layoff notices it sent to teachers.

Russian automaker Izhavto will officially lay off half of its workers this month, or about 2,500 people. The company already stopped operations….Exelon Corp, an energy company based in Chicago, is cutting 500 jobs…Carphone Warehouse in the U.K. is cutting 400 positions…

Screwed: 20,000 at Tyco

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

Tyco Electronics announced another 20,000 layoffs by September…Canadian mining company Mosaic is letting go 1,000 workers…ITV, the U.K.’s biggest commercial broadcaster, is cutting 600 jobs… Northrop Grumman will lay off 750, mostly in Southern California…JM Family Enterprise in Florida plans to let 500 go…Maine printer R.R. Donnelly & Sons is laying off 370…First Energy in Ohio is cutting 300 positions…Sony Pictures is also leaving 300 jobless…