Microsoft News: Microsoft Layoffs Continue
Microsoft Layoffs Continues
In January 2009, for the first time in its history, Microsoft Corp. announced it would cut some 5,000 jobs over the year as the company witnessed a drastic decline in revenue. The company suffered an 11 percent drop in profit, leaving many Microsoft workers unemployed and in need [...]
Effects of Recession Aren’t All Negative
Coping with Unemployment
Millions of people around the world have fallen victim to the current recession. Business houses with international reputations have filed for bankruptcy and employees who were confident of their job security have been dismissed. While the experience of unemployment is common, the reactions of the unemployed vary widely. [...]
Unemployment Holding Strong, Jobs Won’t Return Until 2012
A long wait lies ahead
The ridiculously high national unemployment rate (9.8 percent) has convinced Congress to consider a bill that would allow people to collect unemployment for an additional 13 weeks. However, an unemployment extension of three months might not be long enough for many people.
CNN Money reports that the [...]
Narayana Kocherlakota | National Financial News Roundup
Minneapolis Fed gets new head
After 24 years on the job, Federal Reserve Bank of Minneapolis president Gary Stern retired last month. Today it was announced that Narayana Kocherlakota will be his replacement, taking over the position immediately. He will become a voting member of the Federal Open Market Committee in [...]
Kick Unemployment to the Curb with a Killer Cover Letter
5 Tips for Writing a Great Cover Letter
I hate to say it, but if you are trying to get a job right now, you are up against stiff competition. Although the economy has shown signs of improvement, unemployment is stable at best and in many states increasing. It is definitely [...]
EPPICard | Scams and Poor Service Darken Welfare Service
ID theft and misplaced funds checker EPPICard’s record
When you’re unemployed, your unemployment check each week is a real life-saver. Sure, most of us aren’t that far removed from living on the street if our jobs ceased to exist. That’s a disturbing reality that many Americans face in a system that [...]
Tiffany Shepherd/Leah Lust Can’t Teach in Port St. Lucie
Recession struggles mean porn for former HS biology teacher
Not showing up for work and not having a reasonable excuse are difficult things for employers to ignore. If Tiffany Shepherd (aka Leah Lust) was fired due to chronic absenteeism, it would be understandable. However, if she was fired because she moonlighted [...]
Is the Recession Finally Starting to Turn Around?
Companies starting to rehire laid-off workers
There are a lot of different factors that could be signs of the recession easing up. Though in some sectors we’re still seeing evidence that the recession continues to get worse, a few rays of hope are starting to shine through.
CNN Money reports that companies [...]
Trina Thompson Sues Her College Because They Failed Her
I say, “Go for it.”
Trina Thompson spent $70,000 in tuition for a degree in Information Technology from Monroe College in the Bronx, New York. Now that she can’t secure a job with her advanced degree, she has taken it upon herself to sue the university and get her tuition [...]
Clougherty Packing LLC | Sign of Stimulus Pork Obesity
Our tax dollars are funding $1 million ham?
Are your tax dollars hard at work, making President Obama’s stimulus plan the biggest, baddest stimulus fighting machine it can be? Is it helping America recover from this gigantic recession? Let me just say that you shouldn’t give up your payday loans and [...]
The Case for Walking Away
Bankruptcy goes hand-in-hand with unemployment and foreclosure
Today the government announced unemployment figures for June that are much worse than expected. Employers cut 467,000 jobs and the unemployment rate rose to 9.5%, the worst since 1983. Unemployment is a lagging indicator, so even after the economy begins to improve, the jobless [...]
Short Term Loans Making a Mark on American Budgeting
Obama’s stimulus plan
Short term loans are still viable options for qualified Americans as the economy slowly recovers. Senator Ben Nelson of Nebraska stated, “Over the first 100 days of Obama’s presidency, the nation has shown patience with his approach toward the economy. Over time, the public will watch three key [...]
No Job in Sight?
Maybe you’re just not looking in the right places
If the only responses you’re getting to online job applications are advertisements for quick college degrees, safe teeth whiteners, low interest loans, and work-at-home schemes for fast cash, maybe you’re just not looking in the right places. Because of the overwhelming number [...]
Stimulus Will Save 3.5 Million Jobs, Officials Say
White House says predictions were accurate
White House administrators are saying that the estimates for how many jobs the economic stimulus plan will create or save are right on target. Officials project the package will save about 3.5 million jobs.
Estimates when the package was announced said the $787 billion stimulus package [...]
Opportunity.gov | Pell Grants, Training for the Unemployed
Pell Grants, training and unemployment benefits
Unemployment in America has reached about nine percent, and there’s no immediate evidence that the climb will slow any time soon. People are looking for the opportunity to make a better life for themselves and their families. Quick payday loans and debt relief have become [...]
Announcing a new working class – “The Actively Retired”
Come and swell the ranks of the unemployed, er…, the actively retired
For the actively retired, like me, The Personal Money Store is a real godsend. It provides a whole extra range of activities to help me through the days, and some nights too. Shopping for a Personal Loan involves a [...]
Four U.S. Cities with the Highest Unemployment Rate
National unemployment goes up, again
Unemployment has gone up every month since the beginning of the recession. The national unemployment rate for March was 8.5 percent, up from 8.1 percent in February.
It’s bad everywhere, but some U.S. cities have been hit particularly hard. Here are the four cities in the United [...]
I’m Getting a Payday Loan
Moving has financial set-backs
The way I see it, I’ve earned it. I moved to North Dakota about two years ago. I’ve moved more than 20 times, and every time it has been a financial set-back. So I expected it. This time, I managed to get a [...]
A strategy meeting of the unemployed
Members of the legal fraternity
Today’s strategy meeting of the unemployed over 65s is taking place at Mike’s place, his few acres of exotic fruit farm in the foothills. The six of us who are coming are all taking Personal Loans to pay for the gas and accommodation in the area. [...]
So far, April is a waste – no progress finding a job
But breaks can be a good time to take stock of progress
When you’re looking for a job, every second is important, not in the sense of speed, but as far as making every free moment count in your favor. April is a frustrating month as spring break plays havoc with [...]
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