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<blockquote data-quote="tonyexpress" data-source="post: 678219" data-attributes="member: 1940"><p><strong>Re: Obamanation here today</strong></p><p></p><p></p><p> </p><p>Here, your bad news just got better or should we say badder!<img src="/community/styles/default/xenforo/smilies/FeltTip/biting.png" class="smilie" loading="lazy" alt=":biting:" title="Biting :biting:" data-shortname=":biting:" /></p><p> </p><p>Go here to get your <strong>full</strong> story from the N.Y. Times.<img src="/community/styles/default/xenforo/smilies/FeltTip/sick.png" class="smilie" loading="lazy" alt=":sick:" title="Sick :sick:" data-shortname=":sick:" /></p><p> </p><p><a href="http://www.nytimes.com/2009/01/27/business/economy/27layoffs.html" target="_blank"><strong>Layoffs Spread to More Sectors of the Economy</strong> </a></p><p> </p><p> </p><p>Furloughs, wage reductions, hiring freezes and shorter hours simply did not do enough. A year into this recession, companies across the board are resorting to mass job cuts.</p><p> </p><p><a href="http://topics.nytimes.com/top/news/business/companies/home_depot_inc/index.html?inline=nyt-org" target="_blank"><span style="color: #666699">Home Depot</span></a>, Caterpillar, <a href="http://topics.nytimes.com/top/news/business/companies/sprint_nextel_corporation/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">Sprint Nextel</span></a> and at least eight other companies announced on Monday they would cut more than <strong>75,000 jobs</strong> in the United States and around the world — a gloomy start to the workweek for employees anxious about holding their own as the economy sinks. Caterpillar, the maker of heavy equipment, is slashing its payrolls by 16 percent. <a href="http://topics.nytimes.com/top/news/business/companies/texas_instruments_inc/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">Texas Instruments</span></a> said late in the day that it would eliminate 3,400 jobs, or 12 percent of its work force.</p><p> </p><p>Monday’s <strong><span style="font-size: 12px">parade of negative news</span></strong> comes after months of announcements from other prominent companies like <a href="http://topics.nytimes.com/top/news/business/companies/citigroup_inc/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">Citigroup</span></a>, <a href="http://topics.nytimes.com/top/news/business/companies/general_electric_company/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">General Electric</span></a>, <a href="http://topics.nytimes.com/top/news/business/companies/nokia_corporation/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">Nokia</span></a> and <a href="http://topics.nytimes.com/top/news/business/companies/harleydavidson_inc/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">Harley-Davidson</span></a>.</p><p> </p><p>“The economy is <strong>deteriorating at a faster clip than even the most dreary forecasts had expected</strong>,” said Joseph Brusuelas, an economist who, bucking the current job market trend, will soon start a new job at <a href="http://topics.nytimes.com/top/news/business/companies/moodys_corporation/index.html?inline=nyt-org" target="_blank"><span style="color: #004276">Moody’s</span></a> <a href="http://Economy.com" target="_blank"><span style="color: #004276">Economy.com</span></a>. </p><p> </p><p>Reality sucks but I guess I'm just piling on Obama!<img src="/community/styles/default/xenforo/smilies/FeltTip/surprised.png" class="smilie" loading="lazy" alt=":surprised:" title="Surprised :surprised:" data-shortname=":surprised:" /></p></blockquote><p></p>
[QUOTE="tonyexpress, post: 678219, member: 1940"] [b]Re: Obamanation here today[/b] Here, your bad news just got better or should we say badder!:biting: Go here to get your [B]full[/B] story from the N.Y. Times.:sick: [URL="http://www.nytimes.com/2009/01/27/business/economy/27layoffs.html"][B]Layoffs Spread to More Sectors of the Economy[/B] [/URL] Furloughs, wage reductions, hiring freezes and shorter hours simply did not do enough. A year into this recession, companies across the board are resorting to mass job cuts. [URL="http://topics.nytimes.com/top/news/business/companies/home_depot_inc/index.html?inline=nyt-org"][COLOR=#666699]Home Depot[/COLOR][/URL], Caterpillar, [URL="http://topics.nytimes.com/top/news/business/companies/sprint_nextel_corporation/index.html?inline=nyt-org"][COLOR=#004276]Sprint Nextel[/COLOR][/URL] and at least eight other companies announced on Monday they would cut more than [B]75,000 jobs[/B] in the United States and around the world — a gloomy start to the workweek for employees anxious about holding their own as the economy sinks. Caterpillar, the maker of heavy equipment, is slashing its payrolls by 16 percent. [URL="http://topics.nytimes.com/top/news/business/companies/texas_instruments_inc/index.html?inline=nyt-org"][COLOR=#004276]Texas Instruments[/COLOR][/URL] said late in the day that it would eliminate 3,400 jobs, or 12 percent of its work force. Monday’s [B][SIZE=3]parade of negative news[/SIZE][/B] comes after months of announcements from other prominent companies like [URL="http://topics.nytimes.com/top/news/business/companies/citigroup_inc/index.html?inline=nyt-org"][COLOR=#004276]Citigroup[/COLOR][/URL], [URL="http://topics.nytimes.com/top/news/business/companies/general_electric_company/index.html?inline=nyt-org"][COLOR=#004276]General Electric[/COLOR][/URL], [URL="http://topics.nytimes.com/top/news/business/companies/nokia_corporation/index.html?inline=nyt-org"][COLOR=#004276]Nokia[/COLOR][/URL] and [URL="http://topics.nytimes.com/top/news/business/companies/harleydavidson_inc/index.html?inline=nyt-org"][COLOR=#004276]Harley-Davidson[/COLOR][/URL]. “The economy is [B]deteriorating at a faster clip than even the most dreary forecasts had expected[/B],” said Joseph Brusuelas, an economist who, bucking the current job market trend, will soon start a new job at [URL="http://topics.nytimes.com/top/news/business/companies/moodys_corporation/index.html?inline=nyt-org"][COLOR=#004276]Moody’s[/COLOR][/URL] [URL="http://Economy.com"][COLOR=#004276]Economy.com[/COLOR][/URL]. Reality sucks but I guess I'm just piling on Obama!:surprised: [/QUOTE]
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