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Author Topic: All About Recession  (Read 11602 times)

kiamoy

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All About Recession
« on: January 17, 2009, 06:02:40 PM »


Breaking: Motorola Cuts 4,000 Employees
Motorola Announces Further 2009 Cost Reduction Actions and Provides Preliminary Fourth-Quarter 2008 Results

Announces approximately 4,000 additional workforce reductions, primarily in the Mobile Devices business

Total cost savings from recent actions now expected to be approximately $1.5 billion in 2009

Company to announce fourth-quarter financial results on Feb. 3, 2009

SCHAUMBURG, Ill. – 14 January 2009 – Motorola, Inc. (NYSE: MOT) today announced further cost reduction actions, primarily associated with the Company's Mobile Devices business. The Company also announced preliminary results for the fourth quarter of 2008. The Company will announce fourth-quarter financial results on February 3, 2009.

Motorola will further reduce its workforce in 2009 by approximately 4,000 positions. This reduction will include approximately 3,000 positions associated with the Mobile Devices business and approximately 1,000 positions associated with corporate functions and other business units. The workforce reductions announced today are expected to begin immediately and are incremental to the 3,000 workforce reduction actions previously announced during the fourth quarter of 2008


http://www.informationweek.com/blog/main/archives/2009/01/breaking_motoro.html?cid=nl_IWK_ota_html

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kiamoy

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Re: All About Recession
« Reply #1 on: January 17, 2009, 06:05:09 PM »


Hertz to cut more than 4,000 jobs

DETROIT (Reuters) – Hertz Global Holdings Inc said on Friday that it would cut more than 4,000 jobs in a worldwide restructuring through the first quarter due to falling demand, and the car rental company's shares fell nearly 9 percent.

Hertz expects annualized savings of $150 million to $170 million in 2009 from the job cuts, it said. It expects to take a fourth-quarter charge of $20 million to $25 million for the cuts.

The cuts are in the car and equipment rental businesses as well as in corporate and support areas in all regions focused on positions that do not have direct contact with customers, Hertz said in a statement.

Hertz will have cut its workforce by 32 percent since August 2006 with the latest round of reductions, it said.


http://news.yahoo.com/s/nm/20090116/bs_nm/us_hertz



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Re: All About Recession
« Reply #2 on: January 17, 2009, 06:09:21 PM »


Jan 16.2009

CHICAGO (MarketWatch) -- The Minneapolis Star Tribune, Minnesota's largest newspaper, has filed for Chapter 11 bankruptcy protection after missing several payments due its creditors.
The filing came late Thursday, the newspaper said in its Friday editions.
Via Chapter 11, the Star Tribune hopes to cut labor costs and restructure its debt as advertising revenues across the industry declines precipitously, the newspaper said.
The Star Tribune's move, which had been expected for some time, comes a month after Tribune Co., one of the nation's largest owners of newspapers, filed for bankruptcy, saying it needed to restructure its debt.

Last Friday, Hearst Corp. put the Seattle Post-Intelligencer up for sale, and threatened to halt printing in 60 days if it can't find a buyer. See Jon Friedman's Media Web.

http://www.marketwatch.com/news/story/Minneapolis-Star-Tribune-files-Chapter/story.aspx?guid={F8FF05D2-31B0-430B-BA88-519F919A48FC}


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Re: All About Recession
« Reply #3 on: January 17, 2009, 06:20:43 PM »


Saks to cut 9 pct of workforce, slash spending
Thu Jan 15, 2009

ATLANTA (Reuters) - Department store chain Saks Inc said on Thursday it would cut 9 percent of its workforce, lower capital spending and reduce other costs as demand for luxury goods declines in the tough U.S. economy.

The operator of Saks Fifth Avenue stores also said it planned a 20 percent cut in inventory receipts for this year.

Saks joins other retailers that have announced staff cuts as the global markets crisis hits the investment portfolios of wealthy consumers.

CEO Steve Sadove said the company expected "the economic environment will remain extremely challenging through 2009."

On Tuesday, rival Neiman Marcus Group said it planned to cut 375 jobs and issue more debt to pay interest on some existing notes.

Saks, which has already announced the closure of its unprofitable Club Libby Lu chain for young girls, said it would cut about 1,100 corporate support and store jobs by January 30.



http://www.reuters.com/article/gc04/idUSTRE50E8DK20090115



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Re: All About Recession
« Reply #4 on: January 17, 2009, 06:47:11 PM »


Globe to cut up to 50 jobs in newsroom

January 15, 2009 12:03

The Boston Globe, grappling with the economic downturn and financial pressures affecting the newspaper industry, yesterday said it plans to cut its newsroom payroll by as many as 50 full-time jobs, a reduction of nearly 12 percent in the company's news and editorial staff.

All of the company's 379 full-time news employees, including those at the Boston.com website, will be offered buyouts in coming weeks. If the company can't meet its target through voluntary departures, it said it would resort to layoffs of union and management employees. The company expects to complete the cuts in the next few months. In the past, newsroom buyout programs have attracted enough staff members to prevent the need for layoffs

http://www.boston.com/business/ticker/2009/01/globe_to_cut_50.html

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Re: All About Recession
« Reply #5 on: January 17, 2009, 06:57:08 PM »


Google to cut 100 jobs, close engineering officesTHE ASSOCIATED PRESS
8:28 AM EST, January 15, 2009
Google Inc. is closing three engineering offices and cutting 100 recruiters from its workforce as the recession dampens hiring at the Internet search company.

"Given the state of the economy, we recognized that we needed fewer people focused on hiring," Google vice president Laszlo Bock wrote in a blog posting late Wednesday announcing the layoffs.

The moves follows news last week of a government filing from Google showing a significant cutback in temporary employees aimed at trimming costs. The company acknowledged in November that it would be looking to reduce contract workers while retaining full-time employees.



http://www.newsday.com/business/ny-bc-google-layoffs0115jan15,0,1900718.story


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Re: All About Recession
« Reply #6 on: January 17, 2009, 07:04:27 PM »


Circuit City pulling the plug, closing all stores

THE ASSOCIATED PRESS;
 This story was supplemented with a Bloomberg News story.
January 17, 2009

Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday that it will go out of business - closing its 567 U.S. stores and cutting 30,000 jobs.

The nation's second-biggest consumer electronics retailer is the latest casualty of an unprecedented pullback in consumer spending that has driven other brands such as KB Toys, Mervyns, and Linens 'N Things into bankruptcy. Experts believe there will be more to come.

"This is the only possible path for our company," Circuit City acting chief executive James A. Marcum said in a statement. "We are extremely disappointed by this outcome."


http://www.newsday.com/services/newspaper/printedition/saturday/news/ny-bzcirc176001820jan17,0,3047798.story

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Re: All About Recession
« Reply #7 on: January 17, 2009, 07:19:06 PM »



Times Square Virgin Megastore To Close
January 13, 2009 - Retail

By Ed Christman, N.Y.

The Times Square Virgin Megastore, which is the highest volume music store in the U.S., will shut down come April.

The store has been at the center of speculation since August 2007 when the Virgin Entertainment Group North America was acquired by two real estate companies — the Related Cos. and Vornado — in a joint venture.

Last June, a Vornado executive told Reuters that the store would shut down in the first quarter of 2009. The decision to close the store appears related to real estate and the value connected to the location. That executive was quoted as saying that Virgin pays only $54 per square-foot when the market rent in the area is about $700 a square foot.

So, while the store, which does an estimated $55 million in annual volume, is profitable to the tune of $6 million, according to sources, the space would be even more profitable for its owner with a higher rent tenant. Vornado bought the 180,000 square foot retail component of the Bertelsmann building, which houses the Times Square store, in 2006, and will lease the space to Forever 21, according to press reports.


http://www.billboard.biz/bbbiz/content_display/industry/e3i4b1f65d43468689942aa9c43b06cc29f

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Re: All About Recession
« Reply #8 on: January 17, 2009, 07:31:52 PM »


09:16 AM CST on Tuesday, January 13, 2009
By MARIA HALKIAS / The Dallas Morning News
[email protected]

Neiman Marcus Inc. is cutting about 400 jobs across the country – including almost 100 people in the Dallas area – as part of an organizational review started six months ago.

While the Dallas-based company was looking at ways to save money, luxury shoppers' drastic reduction in spending "accelerated the urgency" of what had been a normal review process, said Ginger Reeder, vice president of corporate communications.

"We regret this more than any business decision that we have to take," Reeder said.

Some laid-off employees were told Monday, and others are finding out today, she said.

About 370 to 400 employees are being laid off – slightly less than 3 percent of the company's workforce.

The organizational review is continuing and could result in more layoffs, Reeder said.


http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-neimanmarcus_13bus.ART.State.Edition1.4b7531e.html


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Re: All About Recession
« Reply #9 on: January 17, 2009, 08:30:36 PM »


Saturday, January 10, 2009 at 12:00 AM

The region's biggest private employer is starting to shrink again, slamming into reverse the jobs engine that has propelled the Seattle area up and down through so many economic cycles over the decades.

Boeing executives said repeatedly in recent years that they intend to avoid the giant busts of earlier eras, and as this downturn begins, management insists that the airplane business remains solid despite the imminent cuts.

Boeing said Friday it is cutting more than 5 percent of its 76,400-person Washington work force, and just shy of 7 percent of the total Commercial Airplanes roster. The cuts -- about 4,500 people, mostly in Washington state -- will be made largely through layoffs, though the figure also includes attrition.

http://seattletimes.nwsource.com/html/boeingaerospace/2008611971_boeing10.html

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Re: All About Recession
« Reply #10 on: January 17, 2009, 08:51:55 PM »


Job losses hit 2.6 million as layoff pain deepens
Jeannine Aversa, AP Economics Writer
Friday January 9, 2009, 10:18 pm EST


WASHINGTON (AP) -- A staggering 2.6 million jobs disappeared in 2008, the most since World War II, and the pain is only getting worse with 11 million Americans out of work and searching. Unemployment hit a 16-year high of 7.2 percent in December and could be headed for 10 percent or even higher by year's end.

More than a half million jobs melted away as winter took hold in December -- 524,000 in all, the government estimated -- and the true carnage will almost certainly turn out to be even worse when the figures are nailed down more clearly a month from now.

"Behind the statistics that we see flashing on the screens are real lives, real suffering, real fears," said Obama, already moving full-speed with Congress to put together an emergency revival plan a week and a half before taking office.

It's real, indeed, for 38-year-old Rachel Davis of St. Louis.

"If you get laid off right now, God help your soul," she said. "You better hope you've got savings or someone backing you." In fact, she was laid off three months ago after working as a dental technician for 20 years. While Congress and the new president struggle to find answers, she says, "I have no faith in this system" and plans to move out of the country in hopes of finding better luck.



http://finance.yahoo.com/news/Jobless-rate-jumps-to-72-apf-14013613.html

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Re: All About Recession
« Reply #11 on: January 17, 2009, 09:26:38 PM »



JANUARY 8, 2009

Macy's Inc. is expected to announce as soon as Thursday that it will close 10 locations, according to a person familiar with the matter.

The 860-store department-store giant had losses of $30 million in the first nine months of 2008 on a 4.3% decline in sales.

A severe drop in consumer ...

http://online.wsj.com/article/SB123137353359362733.html?mod=googlenews_wsj



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Re: All About Recession
« Reply #12 on: January 17, 2009, 09:30:22 PM »


Walgreen will cut 1,000 management jobs in 2009
Jan 8, 2009

NEW YORK (AP) — Drugstore operator Walgreen Co. says it will cut 1,000 jobs this year, or about 9 percent of corporate management, through a combination of voluntary buyouts and layoffs.

The Deerfield, Ill., company says the job cuts will come from corporate and field management and won't include store employees. The targeted workers will be able to resign or retire with severance pay and benefits based on their tenure.

Starting in February, the company will begin layoffs.

Walgreen did not estimate the cost of the job cuts.

The job reductions are part of Walgreen's cost-cutting plan, which is intended to save the company $1 billion per year starting in fiscal 2011.

Walgreen had 237,000 employees as of Aug. 31


http://www.google.com/hostednews/ap/article/ALeqM5hjs2lPmzQ0KhAMONxPzCpFYWwi1QD95J0PC00

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Re: All About Recession
« Reply #13 on: January 17, 2009, 09:35:07 PM »


Forbes Layoffs Finally Arrive: 19 Fired From Magazine, Web
January 6, 2009

Like their colleagues at Time Warner’s Time Inc. (TWX), the editorial staff at Forbes has known that layoffs were coming to the company’s magazine and Web site for quite some time. But at least they’re getting it over with in one fell swoop: The company let go of 19 people today as it merged the two operations.

Layoffs stink no matter where or when they happen. But since I worked at Forbes for many years and know many of the folks who lost their jobs, today’s news hits particularly close to home.



http://mediamemo.allthingsd.com/20090106/forbes-layoffs-finally-arrive-19-fired-from-magazine-web/

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Re: All About Recession
« Reply #14 on: January 17, 2009, 10:08:02 PM »


Marks & Spencer Eyes Job Cuts

by Samantha Conti 
January 06, 2009

LONDON - Marks and Spencer plc, the UK's largest clothing retailer, is
expected to announce layoffs of up to 1,000 employees on Wednesday,
according to The Times.

 
http://www.wwd.com/retail-news/marks-spencer-eyes-job-cuts-1910150?src=rss/recents

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Re: All About Recession
« Reply #15 on: January 17, 2009, 11:27:25 PM »

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Re: All About Recession
« Reply #16 on: January 19, 2009, 06:42:08 AM »


Hertz to cut more than 4,000 jobs

DETROIT (Reuters) – Hertz Global Holdings Inc said on Friday that it would cut more than 4,000 jobs in a worldwide restructuring through the first quarter due to falling demand, and the car rental company's shares fell nearly 9 percent.

Hertz expects annualized savings of $150 million to $170 million in 2009 from the job cuts, it said. It expects to take a fourth-quarter charge of $20 million to $25 million for the cuts.

The cuts are in the car and equipment rental businesses as well as in corporate and support areas in all regions focused on positions that do not have direct contact with customers, Hertz said in a statement.

Hertz will have cut its workforce by 32 percent since August 2006 with the latest round of reductions, it said.


http://news.yahoo.com/s/nm/20090116/bs_nm/us_hertz


usa naho ka amigo na igo ani. na laid off sija sa hertz. ijang asawa pod nga nag trabaho ug laing company na laid off pod. unja bag-o pa ra bang nanganak ijang asawa. pastilang paeta. ako ray di ma laid off kay jobless man ko daan. BSN man ko. binuhi sa nars

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Re: All About Recession
« Reply #17 on: January 19, 2009, 06:51:23 AM »
Circuit City to Go Out of BusinessBy MICHAEL FELBERBAUM and VINNEE TONG, AP

(Jan. 16) - Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business — closing its 567 U.S. stores and cutting 30,000 jobs.
 Circuit City, the second-biggest U.S. electronics retailer reached an agreement with liquidators Jan. 16 to sell the merchandise in its remaining stores. The company filed for bankruptcy protection in November.
The nation's second-biggest consumer electronics retailer is the latest casualty of an unprecedented pullback in consumer spending that has driven other brands such as KB Toys, Mervyns LLC and Linens 'N Things into bankruptcy. Experts believe there will be more to come.
"This is the only possible path for our company," Circuit City's acting Chief Executive James A. Marcum said in a statement. "We are extremely disappointed by this outcome."

BMW [BALONG MOTOR WORKS] is still going strong. selling 69,000 vehicles a day ;D


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Re: All About Recession
« Reply #18 on: January 19, 2009, 09:35:25 AM »

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Re: All About Recession
« Reply #19 on: January 19, 2009, 12:01:46 PM »
kami gahiring diri! tinoud ni mga sano/sana.

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Re: All About Recession
« Reply #20 on: January 29, 2009, 09:37:16 PM »


Kodak posts loss, plans up to 4,500 job cuts
Photography products firm posts a $137 million fourth-quarter loss
updated 8:21 a.m. ET Jan. 29, 2009


ROCHESTER, N.Y. - Eastman Kodak Co. said Thursday it is cutting 3,500 to 4,500 jobs, or 14 percent to 18 percent of its work force, as it posted a $137 million fourth-quarter loss on plunging sales of both digital and film-based photography products.

The photography products pioneer said its loss in the October-December period amounted to 51 cents a share. That compares with a year-ago profit of $215 million, or 75 cents a share.

Sales slumped 24 percent to $2.43 billion from $3.22 billion a year ago, hit by weakened demand for digital cameras, lower royalties from patents and unfavorable foreign exchange rates. Digital revenue dropped 23 percent to $1.78 billion and traditional film-based revenue fell 27 percent to $652 million.

http://www.msnbc.msn.com/id/28911027/

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Re: All About Recession
« Reply #21 on: January 29, 2009, 09:39:02 PM »


Starbucks to cut 6,700 jobs, close 300 stores
Coffee retailer's profit dropped 69 percent in its fiscal first quarter
updated 7:58 p.m. ET Jan. 28, 2009


Starbucks Corp. said Wednesday that it would cut as many as 6,700 jobs as it closes hundreds more stores and eliminates more positions at its corporate headquarters.

Faced with slowing demand for lattes and cappuccinos because of the recession, Starbucks plans to close 300 stores, including 200 in the United States, and eliminate about 6,000 store jobs. The company also plans to eliminate about 700 corporate jobs, including about 350 at its corporate headquarters in Seattle.

It also has reduced the number of new stores it plans to open.

http://www.msnbc.msn.com/id/28898855

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Re: All About Recession
« Reply #22 on: January 29, 2009, 09:41:09 PM »


The New York Times Company Reports 2008 Fourth-Quarter and Full-Year Results
NEW YORK--(BUSINESS WIRE)--The New York Times Company announced today fourth-quarter 2008 earnings per share from continuing operations (EPS) of $.19, including $.10 per share for severance costs and a non-cash charge totaling $.07 per share for the write-down of assets, compared with $.37 EPS in the fourth quarter of 2007, which included $.07 per share for severance costs and non-cash charges totaling $.07 per share for the write-down of assets.

Fourth-quarter 2008 operating profit from continuing operations decreased to $63.3 million from $101.5 million in the 2007 fourth quarter. Excluding depreciation and amortization and the special items noted below, operating profit from continuing operations decreased to $118.5 million from $159.2 million in the 2007 fourth quarter.

“The disruptions of the global economy are affecting all businesses and industries, especially companies, such as ours, that generate a significant portion of their revenues from advertising,” said Janet L. Robinson, president and CEO. “In this time of unprecedented change, we are responding strategically and creatively to manage our businesses and prepare for our future, while preserving the flexibility to navigate this difficult period. You have seen that in our decisions to restructure our cost base, to preserve capital by reducing our dividend, and to improve our financial position by completing the transaction announced last week. And you see that daily in how we are responding to the present realities of our markets.

“As the economy deteriorated in the quarter, advertisers significantly reduced their spending. After growing almost 15 percent in the first nine months of last year, digital advertising decreased 3.5 percent in the fourth quarter as online marketers cut back on display ads in response to worsening business conditions. Despite the deepening recession, our circulation revenues increased 3.7 percent as a result of higher prices at The New York Times, The Boston Globe and our smaller newspapers. This is a testament to the value our readers believe we bring to them.

 
http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1249232&highlight=

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Re: All About Recession
« Reply #23 on: January 29, 2009, 09:44:20 PM »

Exclusive: AOL to Lay Off 10 Percent of Staff, Cutting 700, Due to Ad Meltdown and a Refocusing on New Structure

Posted at 10:18 AM PT on January 28, 2009

The 10 percent reduction in workforce will take place over the next several quarters, with most of the U.S. layoffs to be completed by March. AOL has 7,000 employees world-wide, mostly located domestically.

AOL is also eliminating merit raises, just as Yahoo (YHOO) and other digital companies have done recently, and consolidating facilities.

While Time Warner (TWX) has been trying to sell AOL to Yahoo, the online unit has also been shifting its resources, as part of a long-term turnaround plan. It has focused the company on three parts: its Platform-A ad unit; its communications and social-networking arm, People Networks; and its recently launched MediaGlow content studio.

It has also been in the midst of splitting out its longtime access business, which has provided the bulk of AOL’s revenues and profits, which sources said has given its top execs insight into what its future business model should be.

Besides the layoffs and cost cuts, sources said AOL was also looking at paring its international business, which has never been particularly successful.

http://kara.allthingsd.com/20090128/exclusive-aol-to-layoff-10-percent-of-staff-due-to-ad-meltdown-to-refocus-on-new-structure/

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Re: All About Recession
« Reply #24 on: January 31, 2009, 09:57:50 PM »
Believe it or not, now is the time to buy a house as house prices are down.

Now is the time to buy cars as car prices are low.

Now is the time to buy stocks as stocks prices are low.

Just an advice.

:)

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Re: All About Recession
« Reply #25 on: February 03, 2009, 11:18:57 PM »


Macy's cutting 7,000 jobs
Department store chain said the job action affects 4% of the company's total workforce.


NEW YORK (CNNMoney.com) -- Macy's Inc. said Monday that it's cutting 7,000 jobs - including 5,100 in its stores - and centralizing some of its corporate operations in an effort to reduce costs amid an increasingly difficult retail environment.

The company also projected earnings for the fiscal year just beginning that are well below analysts' estimates.

Macy's shares fell 3% in late trading.

"Reducing our workforce is an unfortunate outcome of the current economic environment, and I am frustrated that so many of our people will be unable to move forward with us as we proceed into a very exciting future for Macy's and Bloomingdale's," Macy's CEO Terry Lundgren said in a statement.

The retailer estimates the restructuring efforts will reduce previously planned expenses by about $400 million a year beginning in 2010.

Macy's (M, Fortune 500) said the job cuts include nearly 40% of executive positions in its central offices including 1,400 jobs in San Francisco, about 850 jobs positions in Atlanta and about 600 jobs in Miami.


http://money.cnn.com/2009/02/02/news/companies/macys/index.htm?cnn=yes

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Fed up with the financial crisis? Try Antarctica
« Reply #26 on: February 03, 2009, 11:21:10 PM »
Reuters | 01/24/2009 12:00 AM

ROTHERA BASE, Antarctica – Anyone wanting to get away from the financial crisis might apply for a 2-1/2 year job on the only continent without a bank -- Antarctica.

Most scientists and other staff visit Antarctica in the summer but the British Antarctic Survey is among few employers on the icy continent to offer a handful of 2-1/2 year stints.

"The economy elsewhere is going downhill ... it's a good time to get away from it all," said Terri Souster, 24, a South African marine assistant who arrived at the British Rothera base in late 2008 and works as a diver.

She is due to leave the Antarctic Peninsula in 2011.

Many long-stayers say they love working in Antarctica, with wildlife such as penguins and whales, and ever-changing views over a bay filled with icebergs. But they have to cope with separation from family and friends over two dark, cold winters.

"It is daunting," said John Withers, commander of Rothera who spent the 2003-04 winters at the base. He originally signed up for 18 months but liked it so much he extended his stay.

On arriving home in Britain, he was surprised when his brother pointed a mobile phone at him at the airport -- taking a photo to send to their father. "I had no idea what he was doing," he said, having missed out on phone cameras.

With recession biting in many parts of the world, now may be a good time to get away to Antarctica where many people save most of their salaries. A U.S. base at McMurdo does have an automatic cash machine but the closest banks are in Chile.

Houses

Annual wages at Rothera start at about 20,000 pounds, with food and accommodation included. Tax rates are just seven percent if you stay out of Britain at least a year.

"We'll have deposits for houses when we come back and ideally the house prices will be affordable," said Melissa Langridge, 25, an Australian marine biologist.

About 100 people are at Rothera in summer and 20 in winter.

"You might not be able to go shopping or to the cinema, but you can go ice climbing or mountaineering or crevassing," Langridge said. She had to have her wisdom teeth and tonsils out as a precaution before coming to Antarctica.

Most people agreeing to a long stay are single. During the stay, some decide they cannot face the 2-1/2 years and quit. Others have ended up marrying a colleague met on base.

"I don't think there's ever a perfect year. But on the whole everyone gets on well," said Briton Rob Webster, 26, a meteorological assistant who left home in October 2006 and is about to head home.

Many learn new skills in a small group that includes professions from plumbers to doctors. Webster learnt to play the drums and performed to a global audience of more than a billion people in the 2007 Live Earth concerts organized by former U.S. Vice President Al Gore. "It was my 15 minutes of fame," he said.

The base has free Internet access, computers, a dart board, a pool table and a movie library, but no television.

Withers' advice to visitors is: "Don't play pool against any of the winterers -- they're too good."

as of 01/24/2009 12:00 AM

http://www.abs-cbnnews.com/classified-odd/01/23/09/fed-financial-crisis-try-antarctica

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Re: All About Recession
« Reply #27 on: February 04, 2009, 12:11:56 AM »
Canadian federal gov will run on 64 Billion $$$ deficit over two years

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Re: All About Recession
« Reply #28 on: February 05, 2009, 12:05:17 AM »
Canadian federal gov will run on 64 Billion $$$ deficit over two years

Glacier,

The Obama Administration is trying to pass a Package that will cost the United States $1.2 TRILLION

I am against this. This will do nothing, but send us to increased debt.

Let the free market solve things. The natural way

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Re: All About Recession
« Reply #29 on: February 05, 2009, 01:02:05 AM »
Adam Smith's invisible hand theory?

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Re: All About Recession
« Reply #30 on: February 05, 2009, 07:17:50 AM »
Glacier,

The Obama Administration is trying to pass a Package that will cost the United States $1.2 TRILLION

I am against this. This will do nothing, but send us to increased debt.

Let the free market solve things. The natural way

i dunno, enzo. it sounds crazy to me. but i'm no expert on this money thing. hope obama's financial advisers know every nook and cranny of the impact of this package.

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bol-anon_ko

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Re: All About Recession
« Reply #31 on: February 05, 2009, 07:22:31 AM »
USA - United Socialist of America...

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Lorenzo

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Re: All About Recession
« Reply #32 on: February 05, 2009, 11:18:45 AM »
I supported some aspects of Obama's campaign, but his plan to give out 1.2 TRILLION US DOLLARS for building projects, is outrageous. He's following a failed policy enacted by FDR some 6 decades prior.

Okay, the nation is in debt, and in economic paralysis. Why is he going to initiate the spending of 1.2 TRILLION? That is equivalent to 1/10th of our national debt.

As we speak, government is printing massive amounts of US dollars in paper. The effects of this will be a decreased dollar power.

I support his health care program, but this budget proposal is outrageous.


The United States must retain and uphold its FREE MARKET policy.



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Re: All About Recession
« Reply #33 on: February 05, 2009, 11:20:39 AM »
i dunno, enzo. it sounds crazy to me. but i'm no expert on this money thing. hope obama's financial advisers know every nook and cranny of the impact of this package.

That is the thing that makes me speculate his administration.

Most of his advisers are racked with corruption charges.

Many of whom had to relinquish their seat due to failure to pay Income Tax.

Obama better not disappoint us.

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Re: All About Recession
« Reply #34 on: February 05, 2009, 11:21:49 AM »
2012, I support Dr. Ron Paul.

To run for the Republican Ticket.

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Re: All About Recession
« Reply #35 on: February 05, 2009, 12:57:56 PM »
from what i heard, obama's stimulus package is about $800 billion, not $1.2 trillion as stated above.

a stimulus package is just that, stimulus package. from there on, we really don't know how the market would react.

america is a consumer driven economy. meaning, it's the consumers that shape the market. working on this premise, the best that obama could do is to cut on taxes. in doing so, he is increasing the income of the american people, which would also result to increase in disposable income and spending of the americans.

further, corporations, big and small alike, would be encourage to finance more research and development projects because they have more money. in doing that, obama would also be encouraging the development of its wide range of intellectual properties, from product development to service enhancements.

kapuy na suwat, di man pud uroy maminaw nas barack naho. LOL



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Re: All About Recession
« Reply #36 on: February 05, 2009, 12:59:22 PM »
from what i heard, obama's stimulus package is about $800 billion, not $1.2 trillion as stated above.

a stimulus package is just that, stimulus package. from there on, we really don't know how the market would react.

america is a consumer driven economy. meaning, its the consumers that shape the market. working on this premise, the best that obama could do is to cut on taxes. in doing so, he is increasing the income of the american people, which would also result to increase in disposable income and spending of the americans.

further, corporations, big and small alike, would be encourage to finance more research and development projects because they have more money. in doing that, obama would also be encouraging the development of its wide range of intellectual properties, from product development to service enhancements.

kapuy na suwat, di man pud uroy maminaw nas barack naho. LOL



Tito,

The stimulus package is priced at 1.2 Trillion Dollars. This is including the interests.



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Re: All About Recession
« Reply #37 on: February 05, 2009, 01:04:12 PM »
That is the thing that makes me speculate his administration.

Most of his advisers are racked with corruption charges.

Many of whom had to relinquish their seat due to failure to pay Income Tax.

Obama better not disappoint us.

i sense he's pretty serious..dead serious at that
he just has too much on his plate right now
to use our expression here
God, Love Him.

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Re: All About Recession
« Reply #38 on: February 05, 2009, 01:05:13 PM »
noted. ang niabot nga news diri sa pinas, 800 billion dollars. basin nangahug ang 300 billion dollars in transit. LOL

thanks dong.

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Re: All About Recession
« Reply #39 on: February 05, 2009, 01:05:23 PM »
from what i heard, obama's stimulus package is about $800 billion, not $1.2 trillion as stated above.

a stimulus package is just that, stimulus package. from there on, we really don't know how the market would react.

america is a consumer driven economy. meaning, it's the consumers that shape the market. working on this premise, the best that obama could do is to cut on taxes. in doing so, he is increasing the income of the american people, which would also result to increase in disposable income and spending of the americans.

further, corporations, big and small alike, would be encourage to finance more research and development projects because they have more money. in doing that, obama would also be encouraging the development of its wide range of intellectual properties, from product development to service enhancements.

kapuy na suwat, di man pud uroy maminaw nas barack naho. LOL



ng file naman gani chapter 11 and ubang company uban totally closed na jud.. asa ba ay kwarta dghan sa company i gasto ug R&D.. everythign is tight right now.. wlay dli apektado..

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