Posts Tagged ‘Great Recession’

American Express to eliminate 4,000 jobs

Tuesday, May 19th, 2009

NEW YORK - In an attempt to cut another $800 million in costs, American Express will eliminate 4,000 jobs.

Don't leave home without it!

Don't leave home without it!

That’s about 6% of the firm’s global workforce.

While a number of affected workers were notified of the layoffs in recent days, company spokeswoman Joanna Lambert said the rest will be informed later. That always makes for a pleasant situation. .

The recent layoffs follow the 7,000 layoffs announced in October of last year.

Job security? Don’t leave home without it.

Americans staying put as economy stagnates

Thursday, April 23rd, 2009

WASHINGTON - Americans are stuck, it seems.

Americans not migrating for low-paying jobs anymore.

Americans not migrating for low-paying jobs anymore.

During the Great Depression, migration was the ticket for Americans in search of jobs and greener pastures, but here in the Great Recession, we seem to be staying put.

Experts are concerned on two fronts. One, that Americans are unable or unwilling to relocate in search of jobs. And, two, that the lack of movement affects the economic activity associated with the act of relocating.

Of course, it seems as if these concerned experts are unaware that there is no magical Shangri-La where good jobs are plentiful right now … and who wants to go to the expense of relocating for the typical “McJob?”

For more, go here.

Money’s tight and so are the accomodations

Monday, April 6th, 2009

LOS ANGELES - As the Great Recession rolls on and more and people are out of luck, work and hope, families are finding it necessary to throw their misfortunes into the pot and partner up under a single roof.

"We're broke! Pass the imitation mashed potatoes!"

"We're broke, but we're together!"

If you thought things were stressful now, just wait until you’re living back at home with your parents and siblings.

For more, see the Los Angeles Times.

Abandoned boats becoming an increasing problem

Friday, April 3rd, 2009

NEW YORK - They say the two happiest days in a boat owner’s life are when he buys the vessel and when he sells it.

Water hazard: Abandoned boats increasingly clogging waterways.

Water hazard: Abandoned boats increasingly clogging waterways.

As the Great Recession continues, finding a buyer is becoming increasingly difficult.

The solution for many? According to a story in the New York Times, it’s abandoning or scuttling the boat and engaging in a little insurance fraud .

Waterways across the country are increasingly being clogged by these derelict boats and officials worry about the danger to navigation, the environment and other problems that result from the practice.

Our suggestion? If you have a boat, why not turn pirate? It’s a popular practice in Somalia, so why couldn’t it work here?