MySpace makes Big Cuts in Workforce | Is Facebook to Blame?
Huge layoffs at MySpace
This week, social networking giant MySpace eliminated 30 percent of its workforce. Who knew the once-biggest, most well-known and first “major” social networking site would fall victim to the economy?
Perhaps it doesn’t have anything to do with the economy. Maybe the company really did just want to [...]
Payday Loans Are a Viable Option as Industry Giants Falter
Payday Loans
Consumers are looking to payday loans as funding options to get through the volatile economy. Lenders are wary of extending credit, thus closing the doors on people who normally would have looked to them for relief. Payday loans have different lending structures and timelines, so they can be more [...]
Oracle Sun Acquisition Reconfigures OS Market
Goodbye IBM, hello Oracle
It’s a fact of corporate life these days. Companies are laying off significant numbers of employees, some are going bankrupt and others are bought out by others in their field. This is particularly true of tech companies, where corporate mergers of the larger consuming the smaller happens [...]
Hard times come to Yuppietown
Everyone came, but mainly to look
Today was “Open House” for the artists of Yuppietown, a small town of about 10,000 souls about 10 miles north of here. It was Sunday, so we slept late, ate a lazy breakfast and then drove up to take a look at the action and [...]
Lexington Herald Leader Caught in McClatchy’s Wave of Layoffs
Newspaper conglomerate has master plan
The Lexington Herald Leader is the latest McClatchy newspaper to get swept up in economic turbulence. The Kentucky newspaper on Monday laid off 49 full time employees and 4 part-time workers.
The layoffs are part of McClatchy’s overall effort to eliminate about 15 percent of its total [...]
Blender Magazine Will Stop Printing After April Issue
Magazine catches economic infection
Several newspapers recently have decided to cease print operations and become online-only news operations. It seems this trend is creeping into the magazine industry now, too.
Blender Magazine plans to maintain its web site, Blender.com, but its April issue will be the last to exist in hard copy [...]
U.S. Postal Service Plans to Downsize
Next big job cuts to affect mailbox near you
The Unites States Postal Service is trying to cut 3,000 jobs and will shut down six district offices. The postal service will offer early retirement to about 25 percent of its workers in hopes that it can eliminate the 3,000 positions.
District offices [...]
Anchorage Daily News to Eliminate 45 Positions
Print news headed downhill
The Anchorage Daily News, Alaska’s largest newspaper, says it will cut 45 jobs from its payroll, about 17 percent of the staff.
The Anchorage Daily News is owned by McClatchy, one of the United States’ largest media conglomerates. CNN.com wasn’t kidding in its headline “Bad News Days for [...]
B of A Spending Millions on Sports Marketing During Layoffs
Lay them off, throw money at athletes
The more things change, the more banks and their CEOs remain the same.
Ben Klayman reports for Reuters that Bank of America CEO Kenneth Lewis defended his bank’s multimillion-dollar spending on sports marketing. He claims the profits are worth the investment in sales and profits, [...]
Time for Some Good News | Bad Times Bring Out the Best in People
Recession spurs some to do good deeds
During these tough times, some people have taken notice of the people struggling around them and decided to do something. In a speech, President Obama told the story of Leonard Abess Jr. Last fall, after Abess sold his Miami bank, he divvied up $60 million between his [...]
I used to spend freely but not any longer
My money tree is bare and there are no new buds
I have suffered a dramatic change. All of a sudden I have to think about spending money, or rather, not spending money.
My disappearing shopping support system
I built my personal financial system carefully over years and years of spending money, sometimes [...]
Massive Layoffs Make Massive Jump in January
Payrolls get the ax
The number of companies that made “mass layoffs” in January is up 50 percent from the same month last year. Mass layoffs are when a single employer lays off more than 50 employees at one time.
A total of 2,227 employers made mass layoffs in January, the government [...]
Microsoft Says Laid Off Employees Can Keep Cash Advances
Cash advances no more
Last week, Microsoft issued a letter asking employees to pay back over-payments in severance packages within two weeks, as though they were cash advances.
Microsoft’s message today: never mind.
Whining works?
When I was a child, my parents tried to teach me that whining and temper tantrums didn’t work. However, [...]
Online Payday Loans Could Help Ex-Microsoft Employees
Surprise, you might need online payday loans
Former Microsoft employees who have gotten new jobs might need online payday loans to pay back their previous employer. An unknown number of the employees that were laid off in January will be getting letters telling them that they need to pay back part [...]
Payday Loans help when starting a new job
There is a cost of working
There are costs involved in getting a new job and a payday loan is the perfect solution. At some point, those of us who were part of the layoffs are bound to get new jobs. We will become the ‘office newbie.’
The newbie
Unless we have many [...]
No More Payday Loans for 20,000 Nissan Employees
Workers may need payday loans for job search
About 20,000 workers currently employed by Nissan likely won’t be able to get payday loans much longer. That’s because soon payday will be replaced with unemployment checks.
Nissan, Japan’s third-largest auto maker, is facing its first loss in nine years. Company head Carlos Ghosn [...]
Senate DELAYS Debate of 780 Billion Stimulus Bail Out Deal
Senate stimulus bill may be delayed due to partisan fighting
The stimulus bill fails bring in a payday for those who need to be bailed out. The bill failed to pull the two halves of the senate together in a shocking defeat of President Barack Obama’s promise of bipartisan cooperation.
The Senate [...]
States Can’t Get Instant Payday Loans, Beg for Federal Funds
States want instant payday through Fed loans
Consumers have a lot of options, like instant payday loans, when they need cash. Government entities aren’t so lucky. Their problems can’t be solved with a few hundred dollars.
Right now, the States want money, and they want it fast. These local governments only have [...]
Payday Loans and Unemployment Still Climbing
Jobless rate doesn’t drive down payday loans
Given the unemployment rate and the new rounds of job cuts being announced daily, it’s a bit surprising that the number of people who collect payday loans continues to rise. People collecting unemployment insurance typically don’t qualify for payday advance loans.
Payday loans help in [...]
Monday Job Cuts | Update From Fast Payday Loan Store
Macy’s, Chili’s and Morgan Stanley make cuts
As promised, your fast payday loan store delivers news on today’s layoffs.
Macy’s heads the pack as far as number of jobs to be cut today. The department store chain announced today that it will ax 7,000 positions. The jobs lost will be a mixture [...]
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