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 of corporate and staff positions.

The store is still planning to shut down 11 stores, as it announced in December, but not more. Not yet. Analyst Stevan Buxbaum is not surprised by Macy’s announcement.

“Reality is department stores are dinosaurs. You have to ask yourself how long can this model work as a viable business?” Buxbaum said.

Chili’s positions going cold

If you’re a fan of Chili’s Restaurant you might want to grab a fast payday loan and head to the nearest one right away. Soon, it might not be there. The company announced today that it will shut down 35 restaurants.

Chili’s has already laid off 160 workers, and that total is bound to reach phenomenal levels before the restaurant closings finish up in March. According to my calculations, if each restaurant employs 50 people, almost 2,000 people are out of a job. To read up on layoffs announced during the weekend, check out this article from your fast payday loan source.

Out on The Street

More Wall Street workers will become fallout of the financial system meltdown as Morgan Stanley cuts between 1,500 and 1,800 jobs. The company hasn’t confirmed the number, but layoffs are expected later this month.

This announcement comes amid the merger between Morgan Stanley and Citigroup’s Smith Barney. The Wall Street Journal says this merger will lead to more layoffs outside the company.

Keep up on layoffs, unemployment and businesses shutting down through your fast payday loan source.

Payday loans are available because consumers have the freedom to choose how they will address their short-term financial issues between paychecks.  The Internet remains free because many people still have the freedom to choose how will will jump into the information stream.

You surf, I surf, we all surf

When we surf the Internet, there is much we take for granted. We assume we will have free access to any Web site we want, whenever we want, at the fastest possible speed. We assume that we can watch streaming video, listen to podcasts and send instant messages without anyone else’s permission. If you needed permission to access no fax payday loans, how many people would stand by while their freedom of choice is tread upon?

This is Net Neutrality, and it is what we have come to expect in America. We expect a free and open Internet; Net Neutrality prevents Internet Service Providers from blocking or altering the delivery of content based on its source, ownership or destination. With Net Neutrality, the network moves data without imposing judgment upon it.

Obama supports net neutrality; big telcos do if profit is there

The president-elect’s team is committed to net neutrality. His plan for America includes a detailed schematic for his vision of technological innovation, to which a strong Internet backbone is vital.

In light of recent developments from Google where they approached major cable and telephone companies in what appeared to be a campaign to push their content over everyone else’s, The Wall Street Journal theorized that Obama had backed off his net freedom plan.

Not so, says Obama’s camp. And the newspaper hadn’t even bothered to contact them for comment.

Obama supports freedom of information

Net neutrality activist Timothy Karr of Save the Internet at http://www.savetheinternet.com writes in the Huffington Post that Obama’s support for net neutrality is consistent with his methodology throughout his career:

The president-elect has made numerous public statements on the campaign trail and published a detailed policy document placing Net Neutrality as his top priority. He’s explicitly opposed paid “quality of service” arrangements and was also a co-sponsor of the Dorgan-Snowe bill that is the strongest Net Neutrality legislation ever proposed.

Freedom of information, freedom of financial choice

If Obama has his way, not only will America still have access to information on the World Wide Web, but the speed and means by which we access it will improve dramatically. Areas of the country that are not well-penetrated by broadband access will be opened up, and we will all come that much closer together.

Financially, consumers who are ready to stand up for their right to choose will help ensure that their elected officials know how valuable payday loans have been for them. Their voices will keep yet another essential freedom within reach for those in need.

Related Articles

• Net neutrality and the benefits of caching
• Google denies plan threatens net
• Google Quietly Tries Brokering Deals With ISPs To Get Priority Access

Merrill Lynch executive seeks bonus for failing his company

Merrill Lynch CEO John Thain is currently seeking a bonus for 2008 in the amount of around $10 million.  This is after Merrill Lynch and Co. barely avoided bankruptcy and company failure by selling their company to Bank of America to avoid slipping away.  Merrill Lynch took a nosedive over the fiscal year in the wake of the collapse of the mortgage market, losing billions in the process.  The Merrill Lynch executive staff determined that the best course of action was to sell the company’s shares to Bank of America to avoid closing their doors.  According to a recent article in the Wall Street Journal¸ Thain’s reasoning and justification for the bonus is that his actions, or selling the company, was the best option that they had on the table to avoid even more unpleasant alternatives since they weren’t getting government payday loans, and therefore because the company did not go bankrupt, he therefore deserves a healthy bonus to his already ample income as CEO for his prevention of the company going into insolvency, even though it is doubtful that at this point he needs extra money.
New York Attorney General Andrew Cuomo has termed his request as “nothing less than shocking.”  The board of directors appears to be in agreement with him, and is resisting the request for the bonus.  A bonus for an executive should be when the company turns a large profit, creates more jobs and revenue, instead of just merely not going bankrupt.  It seems that his pay should be docked, and not augmented.  Perhaps the employees of Merrill Lynch should get a bonus for putting up with such arrogant behavior from their management team.  The amount of executive compensation in Wall Street and other large companies has become an item of much media scrutiny of late, as many executives continue to receive large bonuses every year in addition to ample salaries regardless of how well their companies do or not.  It seems odd that people be rewarded for failure rather than for success, since the rest of us, including lower level Merrill Lynch employees, would be punished or stripped of our employment for failing to produce

The only way a person can be rewarded for failure

It seems as though the executive class of Wall Street are the only people who can get rewarded for not doing their jobs.  If we, us normal folks, were to miss a mortgage payment, we would get hit with penalties, interest, and fees.  If we don’t do what we are supposed to do for our employers, we would get disciplined, and if it happened enough times, terminated for noncompliance.  If we fall short in our financial obligations, we take extra measures to make up for a temporary shortage, like getting payday loans to cover if we have a sudden expense.  These Wall Street wizards look for extra cash for shorting their shareholders and employees.