FROM SCRATCH NEWSWIRE

SCAVENGING THE INTERNET

Archive for the ‘UNEMPLOYMENT’ Category

ASIAN MARKETS GAIN AFTER US HOUSE PASSES STIMULUS BILL; EUROPE OPENS DOWN

Posted by Gilmour Poincaree on January 29, 2009

January 29, 2009 – 3:45 AM

by Stephen Wright – Associated Press

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

BANGKOK, Thailand – Asian markets advanced Thursday, with Hong Kong jumping 4.6 percent in a catch-up rally, as the U.S. House of Representatives approved a $819 billion stimulus bill that investors hope will help lift the American economy out of its worst crisis in decades. European markets opened lower.

Japan’s Nikkei 225 stock average rose 144.95 points, or 1.8 percent, to 8,251.24 even as new data showed that retail sales in the world’s second-largest economy sank the most in nearly four years in December.

Hong Kong’s Hang Seng leaped 575.83 points, or 4.6 percent, to 13,154.43 after being closed for three days for the Lunar New Year. Mainland China’s markets are closed all week. South Korea’s Kospi gained 0.7 percent and Australia’s main index rose 0.9 percent.

Sentiment in Asia got a boost as President Barack Obama’s massive stimulus package moved closer to becoming a reality.

The Democratic-controlled House of Representatives approved the bill Wednesday night, sending it to the Senate where debate could begin as early as Monday. Democratic leaders have pledged to have legislation ready for Obama’s signature by mid-February.

“The U.S. stimulus package has a positive psychological impact on markets globally,” said Castor Pang, an analyst at Sun Hung Kai Financial in Hong Kong.

“But there is still going to be bad news in the form of profit warnings and unemployment,” he said. “The unemployment rate is going to continue to climb, making U.S. consumers even more hesitant about spending.”

As trading got underway in Europe, major bourses fell with France’s CAC-40 off 1.1 percent, Germany’s DAX down 1 percent and Britain’s FTSE 100 slipping 1.1 percent.

U.S. stock index futures were down, suggesting Wall Street would open lower Thursday. Dow futures were down 87 points, or 1.1 percent, at 8,235 and S&P500 futures were off 8.6 points, or 1 perc(AP) — ent, at 862.90.

Financial stocks led Asia’s advance Thursday, buoyed in part by hopes of new U.S. efforts to trim bad debt and spur lending.

In Hong Kong, banking giant HSBC jumped 8.4 percent and China’s top lender, Industrial & Commercial Bank of China Ltd., or ICBC, added 5 percent.

In Tokyo, megabank Sumitomo Mitsui Financial Group soared 13 percent, Mitsubishi UFJ jumped 4.8 percent and Mizuho added 5.2 percent.

Japanese exporters such as Sony and Toshiba reported weak quarterly results after the market closed.

Sony Corp.’s net profit tumbled 95 percent in the October-December quarter, as the global slump hurt sales of its core electronics products, while Toshiba Corp. sank into the red in the third quarter and expects a loss for the full year.

Elsewhere, New Zealand’s benchmark index was up 0.8 percent after the central bank slashed its key interest rate by 1.5 percentage points to 3.5 percent to prevent the country’s recession from deepening.

Oil prices slipped below $42 a barrel as rising U.S. crude inventories offset expectations the U.S. stimulus package will revive growth and consumer demand. Light, sweet crude for March delivery was down 34 cents to $41.82 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange.

In currency trading, the dollar fell to 90.02 yen from 90.41 late Wednesday in New York, while the euro declined to $1.3044 from $1.3139.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in AGRICULTURE, ASIA, BANKING SYSTEMS, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, EUROPE, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, HONG KONG, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM, USA | Leave a Comment »

INDÚSTRIA PAULISTA DEMITIU 130 MIL TRABALHADORES EM DEZEMBRO (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

26/01/2009 21:26

Agência Brasil

PUBLISHED BY ‘CORREIO BRAZILIENSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in ÍNDICES ECONÔMICOS - BRASIL, BRASIL, CIDADES, COMMERCE, DEPUTADOS ESTADUAIS, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O PODER EXECUTIVO ESTADUAL, O PODER EXECUTIVO MUNICIPAL, O PODER LEGISLATIVO ESTADUAL, O PODER LEGISLATIVO MUNICIPAL, OS GOVERNADORES, OS MEIOS DE COMUNICAÇÃO - BRASIL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, TAXAS DE DESEMPREGO, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, VEREADORES | Leave a Comment »

IBM DEVE CORTAR 2,8 MIL EMPREGOS, DIZ SINDICATO (USA)

Posted by Gilmour Poincaree on January 27, 2009

26/01/2009 21:51

Agence France-Presse

PUBLISHED BY ‘CORREIO BRAZILIENSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in BANKING SYSTEM - USA, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

RURAL BANKS LAY OFF 1,000 WORKERS – TUCP (Philippines)

Posted by Gilmour Poincaree on January 26, 2009

15:57:00 01/26/2009

by Kristine L. Alave – Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, PHILIPPINES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

PHILIPS TO CUT 6,000 JOBS AFTER LOSS (Netherlands)

Posted by Gilmour Poincaree on January 26, 2009

16:02:00 01/26/2009

Agence France-Presse

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NETHERLANDS, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

U.S. BUSINESS CLIMATE WORST IN 27 YRS

Posted by Gilmour Poincaree on January 26, 2009

13:17:00 01/26/2009

by Lucia Mutikani – Reuters

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, CRIMINAL FOREIGN POLICIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FOREIGN POLICIES - USA, FRAUD, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TERRORISM, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR CRIMES, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

CORUS TO LAY OFF 3500 – BRITAIN TO TAKE BRUNT OF JOB CUTS BY STEELMAKER CORUS

Posted by Gilmour Poincaree on January 26, 2009

January 26, 2009

The Australian – With Agence France-Presse and Dow Jones Newswires

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS INDUSTRY, MINING INDUSTRIES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, STEEL, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM | 1 Comment »

AIR CANADA CUTS 375 JOBS

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in AIR TRANSPORT INDUSTRY, CANADA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, TOURISM INDUSTRIES, UNEMPLOYMENT | Leave a Comment »

MOTOR CITY MALAISE (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

by Maria Panaritis – Inquirer Staff Writer

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

SPAIN’S JOBS CRISIS LEAVES IMMIGRANTS OUT OF WORK – WITH PROSPECTS WORSE ELSEWHERE – FEW TAKERS FOR GOVERNMENT CAMPAIGN OFFERING TO PAY LEGAL FOREIGNERS WHO RETURN HOME (Spain)

Posted by Gilmour Poincaree on January 25, 2009

JANUARY 24, 2009

by Alan M. Wolf – Staff Writer

PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, SPAIN, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | 1 Comment »

MICROSOFT NEEDS MORE COST-CUTTING: ANALYST (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009, 9:36am PST

Puget Sound Business Journal

PUBLISHED BY ‘THE PUGET SOUND BUSINESS JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PUGET SOUND BUSINESS JOURNAL’ (USA)

Posted in COMMERCE, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNET INDUSTRIES, NATIONAL WORK FORCES, OUTSOURCED WORK FORCES, RESTRUCTURING OF PRIVATE COMPANIES, SOFTWARE INDUSTRIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

STARBUCKS MAY CUT 1,000 JOBS (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009, 2:59pm PST

Puget Sound Business Journal

PUBLISHED BY ‘THE PUGET SOUND BUSINESS JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PUGET SOUND BUSINESS JOURNAL’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FOOD PRODUCTION (human), FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, UNEMPLOYMENT, USA | Leave a Comment »

HIRSCHFELD FILES FOR CHAPTER 11 (USA)

Posted by Gilmour Poincaree on January 24, 2009

01/23/2009 05:30:18 PM MST

by Jim Bates – The Denver Post

PUBLISHED BY ‘THE DENVER POST’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DENVER POST’ (USA)

Posted in BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, PAPER INDUSTRIES, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

IBM CUTS JOBS; NUMBER UNKNOWN

Posted by Gilmour Poincaree on January 24, 2009

Thu, Jan. 22, 2009 12:30AM

by Sabine Vollmer – Staff Writer

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | 1 Comment »

ChannelAdvisor cuts jobs, touts profit

Posted by Gilmour Poincaree on January 24, 2009

Fri, Jan. 23, 2009 12:30AM

by John Murawski – Staff Writer

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

COASTAL FEDERAL CREDIT UNION TO CLOSE FOUR BRANCHES (USA)

Posted by Gilmour Poincaree on January 24, 2009

Fri, Jan. 23, 2009 10:48AM

by Alan M. Wolf – Staff Writer

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, HOUSING CRISIS - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

NORTH CAROLINA CARVING PLANT TO CLOSE AFTER 75 YEARS (USA)

Posted by Gilmour Poincaree on January 24, 2009

Fri, Jan. 23, 2009 08:35AM

The Associated Press

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

‘50,000 JOBS TO GO’ AS ECONOMY SHRINKS (New Zealand)

Posted by Gilmour Poincaree on January 24, 2009

4:00AM Saturday Jan 24, 2009

by Brian Fallow

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, NEW ZEALAND, RECESSION, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT | Leave a Comment »

RAIL CAR MAKER (FREIGHTCAR AMERICA INC.) TO IDLE 40 PERCENT OF WORKERS

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009

by Jeff Sturgeon

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RAILWAY TRANSPORT, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

DROP IN NEW CAR SALES HAS RIPPLE EFFECT – SALES OF NEW AUTOMOBILES DROPPED 21% STATEWIDE, FORCING INDUSTRY SUPPLIERS TO CUT THEIR PAYROLLS, TOO (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009

by Jeff Sturgeon

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

BRIDGESTONE TO CUT PRODUCTION, 800 JOBS AT US PLANT – JAPANESE TIREMAKER BRIDGESTONE SAID IT IS SHEDDING ABOUT 800 JOBS IN THE UNITED STATES TO COPE WITH WEAKER DEMAND

Posted by Gilmour Poincaree on January 23, 2009

Friday, January 23, 2009

Agence France-Presse

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in AUTOMOTIVE INDUSTRY, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL, JAPAN, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, TRANSPORT INDUSTRIES, UNEMPLOYMENT, USA | Leave a Comment »

PACE OF JOB CUTS QUICKENS IN MASS. – UNEMPLOYMENT RATE HIGHEST IN 15 YEARS AS RECESSION DEEPENS (USA)

Posted by Gilmour Poincaree on January 23, 2009

January 23, 2009

by Robert Gavin – Globe Staff

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKRUPTCIES - USA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

COMPANIES PREPARE TO OFFER WORKERS PAY CUTS – THE NEW WORKER’S DILEMMA: TAKE A PAY CUT OR RISK GETTING THE SACK – ECONOMISTS SAY UNEMPLOYMENT WILL HIT 3.25M BY 2010 AS BANK OF ENGLAND REPORTS MANY WILL FACE THE PROSPECT OF WAGE CUTS (UK)

Posted by Gilmour Poincaree on January 22, 2009

Thursday January 22, 2009

Times Online

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, EMPLOYMENT, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

AMERIPRISE ELIMINATES 300 JOBS IN MINNEAPOLIS – THE FINANCIAL SERVICES FIRM IS CUTTING HEADQUARTERS WORKERS AND ALSO WILL PARE ITS FIELD STAFF (USA)

Posted by Gilmour Poincaree on January 22, 2009

January 21, 2009 – 7:31 AM

by Kara McGuire – Star Tribune

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN WORK FORCE - LEGAL, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

INTEL PLANS UP TO 6,000 JOB CUTS IN FACTORY SHAKEUP; SOME WORKERS TO BE OFFERED OTHER JOBS (USA)

Posted by Gilmour Poincaree on January 22, 2009

January 21, 2009 – 6:51 PM

by Jordan Robertson – Associated Press

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, EMPLOYMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

INTEL TO CONSOLIDATE PLANTS, CUT JOBS (USA)

Posted by Gilmour Poincaree on January 22, 2009

22 Jan 2009, 0340 hrs IST

AGENCIES

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

UNEMPLOYMENT … RAB CAPITAL: TEMPUS AT LUNCHTIME – THE UNEMPLOYMENT FIGURES COULD BE JUST THE BEGINNING … RAB CAPITAL IS ALREADY TIGHTENING ITS BELT – UNEMPLOYMENT: NO SURPRISE (UK)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Grainne Gilmore

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

RECORD REDUNDANCIES PUSH UNEMPLOYMENT TO 1.92 MILLION (UK)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Grainne Gilmore

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | 1 Comment »

BHP BILLITON TO SHED 6,000 JOBS (Australia)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Rohan Sullivan – Associated Press Writer

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in AUSTRALIA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS, MINING INDUSTRIES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

ERICSSON REPORTS PROFIT DROP, TO CUT 5,000 JOBS (USA)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Louise Nordstrom

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, UNEMPLOYMENT, USA | Leave a Comment »

FILENE’S BASEMENT TO CLOSE 11 STORES – FRAMINGHAM SITE WILL GO AMID RENT QUARRELS (USA)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Jenn Abelson – Globe Staff

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, UNEMPLOYMENT, USA | Leave a Comment »

DEEP RECESSION AND UNEMPLOYMENT THREATEN EUROPE

Posted by Gilmour Poincaree on January 21, 2009

January 20, 2009 Tuesday – Muharram 22, 1430

Agence France-Presse

PUBLISHED BY ‘DAWN’ (Pakistan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘DAWN’ (Pakistan)

Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, EUROPE, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, UNEMPLOYMENT | 1 Comment »

YANKEE CANDLE TO CUT 330 JOBS (USA)

Posted by Gilmour Poincaree on January 21, 2009

Jan 20, 2009 8:25 PM

Associated Press

PUBLISHED BY ‘THE EXAMINER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EXAMINER’ (USA)

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORKERS, UNEMPLOYMENT, USA | Leave a Comment »

ROHM & HAAS CUTS 900 JOBS, TAKES $90M IN CHARGES (USA)

Posted by Gilmour Poincaree on January 21, 2009

Jan 20, 2009 8:24 PM

Associated Press

PUBLISHED BY ‘THE EXAMINER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EXAMINER’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, UNEMPLOYMENT, USA | Leave a Comment »

THE NUMBERS ARE HORRIFYING (USA)

Posted by Gilmour Poincaree on January 20, 2009

Jan. 26, 2009

Mohamed A. El-Erian

PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)

NEWSWEEK – Jan. 26, 2009

GLOBAL INVESTOR

By Mohamed A. El-Erian

THE NUMBERS ARE HORRIFYING

On Tuesday, President-elect Barack Obama inherits an economic calamity, and the situation will get worse in the first few months of his presidency regardless of what he does. How quickly it improves thereafter is not just a matter of which policies he decides to pursue; importantly, it is also a function of how he pursues them. Investors need to pay close attention lest they experience yet another challenging and, in some cases, devastating year.

No one should doubt that we are still in the midst of a historic economic crisis. Having incurred massive losses, individuals and companies around the world are, not surprisingly, saving more—some by choice as they attempt to restore balance to their finances and others by necessity as their credit lines are cut by beleaguered lenders. As detailed elsewhere in this edition of NEWSWEEK, the world has entered an Age of Thrift. Less spending by individuals will mean even lower demand, and the production of goods and services will be cut, again.

The latest economic data vividly illustrate the self-fulfilling nature of this global phenomenon. The numbers are horrifying, and increasingly so. There’s been a violent collapse in industrial production in Europe; the latest monthly data now show annual contractions of 17 percent in Spain, 13 percent in the U.K., 9 percent in France and Italy, and 6 percent in Germany. Emerging economies are now on the same course, with contractions of 9 percent in Russia and 4 percent in Brazil.

At the same time, the labor market is deteriorating dramatically in both Europe and America. The United States has now registered 12 consecutive months of job losses, including more than half a million in December, bringing the 2008 total to 2.6 million—a level not seen for more than 60 years. The crisis continues to catch people by surprise, suggesting that too few people sufficiently understand its dynamics. The U.S. Commerce Department reports that December retail sales declined at more than twice the rate expected by most forecasters, and further extended the record for consecutive monthly declines, now six .and counting. President elect Obama faces the prospect of more corporate defaults, pension losses and personal bankruptcies in the coming months. Fortunately, he has already shown that he has a good understanding of the need for an aggressive fiscal stimulus, and Congress seems to be onboard.

Without massive public stimulus, there is little chance of countering the highly disruptive consequences of a too sudden and too prolonged ascent of the Age of Thrift.

Yet there is a risk that this consensus could break down in quibbling over the details. Specifically, we should stop the bickering over whether to cut taxes or raise spending. Both are required. The tax cuts should work mainly through employment channels, including a cut in the payroll tax as this will directly help employment and limit the fall in consumption. Government spending should focus on sectors that will quickly raise resource productivity, like infrastructure, which helps lower production costs, and social services, which raise human productivity overtime.

Obama also needs to step up efforts to alleviate the credit crunch. This is not about an immediate recovery in the banking system. It won’t happen. The sector is too damaged to act as a conduit of funds to the general economy. Instead, the government must come up with more imaginative ways to provide direct financing, particularly for mortgages and some areas of consumer finance.

Obama’s economic appointments suggest that he understands how important it will be to get the design and implementation of these policies right. The highly capable Larry Summers and Tim Geithner should focus on coming up with a master plan to lead the country out of the crisis. This will ensure that the immediate measures implemented are consistent over time with a resumption of economic growth and rising productivity.

Managing expectations is also more important than ever. In his remarks on the financial crisis in November and December, Obama came across as informed, committed and careful not to over-promise. Yet his efforts have been largely negated by recent talk out of Washington of regulatory clampdowns, potential abrogation of property rights and other non-market solutions. The president-elect will have to step up quickly to the challenge of consistently better communication if he is to instill the confidence that is critical for a meaningful economic turn later this year.

Finally, Obama should signal clearly that he knows a global dislocation requires a global response. What was a U.S. financial crisis has morphed into a challenge to the international market system. An effective solution will not materialize unless the United States takes a policy leadership role on the global stage. It’s a role no other country can credibly play. With Obama as president, the world is exceptionally welcoming to U.S. leadership. He must seize this opportunity for the economic good of America, and the world.

ELERIAN is CEO and co-CIO of PIMCO and author of “When Markets Collide: Investment Strategies for the Age of Global Economic Change,” winner of the 2008 FT/Goldman Sachs business book of the year award.

PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)

Posted in AGRICULTURE, BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FARMING SUBSIDIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

A FABLE IN THE FOLLY – AS A LEADER SEEKS TO BECOME A LEGEND – AS A CARD-CARRYING MEMBER OF THE VAST RIGHT-WING CONSPIRACY, I HAVE A SPECIAL INAUGURATION DAY MESSAGE FOR MY FELLOW CONSERVATIVES: SHUT UP

Posted by Gilmour Poincaree on January 20, 2009

Tuesday, January 20, 2009

by Michael Graham

PUBLISHED BY ‘THE BOSTON HERALD’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON HERALD’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, USA HUMOR | Leave a Comment »

E.U. POISED TO LOSE 3.5 MILLION JOBS

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

ISSUES CANNOT BE RESOLVED IMMEDIATELY: OBAMA (USA)

Posted by Gilmour Poincaree on January 19, 2009

0600 PST, Monday, January 19, 2009

The International News

PUBLISHED BY ‘THE INTERNATIONAL NEWS’ (Pakistan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INTERNATIONAL NEWS’ (Pakistan)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL FOREIGN POLICIES, DOLLAR (USA), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENVIRONMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FOREIGN POLICIES - USA, FRAUD, HATE MONGERING AND BIGOTRY, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PENSION FUNDS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TERRORISM, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, THE WORK MARKET, THE WORKERS, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR CRIMES, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

FEDERAL REGULATORS CLOSE SMALL BANK IN ILLINOIS (USA)

Posted by Gilmour Poincaree on January 18, 2009

January 17, 2009

Associated Press

PUBLISHED BY ‘THE CHICAGO SUN-TIMES’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE CHICAGO SUN-TIMES’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN WORK FORCE - LEGAL, HOUSING CRISIS - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

EU WARNING AS JAPAN CARMAKERS CUT OUTPUT

Posted by Gilmour Poincaree on January 18, 2009

Vol XXXI – N°303 – Saturday – 17th January 2009

Gulf Daily News

PUBLISHED BY ‘GULF DAILY NEWS’ (Bahrain)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘GULF DAILY NEWS’ (Bahrain)

Posted in AUTOMOTIVE INDUSTRY, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, JAPAN, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE WORKERS, UNEMPLOYMENT | Leave a Comment »

SWITZERLAND’S HOLCIM TO CUT 3,300 JOBS

Posted by Gilmour Poincaree on January 17, 2009

22:39:00 01/15/2009

Agence France-Presse

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’ (Philippines)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’ (Philippines)

Posted in BANKING SYSTEM - USA, CEMENT, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, SWITZERLAND, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, UNEMPLOYMENT, USA | 1 Comment »

HERTZ TO CUT MORE THAN 4,000 JOBS (USA)

Posted by Gilmour Poincaree on January 16, 2009

Fri Jan 16, 2009 12:57pm EST

Reporting by David Bailey – Editing by Lisa Von Ahn

PUBLISHED BY ‘REUTERS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘REUTERS’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

MOTOROLA TO SLASH 4,000 MORE JOBS TO STAY COMPETITIVE (USA)

Posted by Gilmour Poincaree on January 16, 2009

Friday, Jan 16, 2009

Agence France-Presse – CHICAGO

PUBLISHED BY ‘THE TAIPEI TIMES’ (Formosa – Taiwan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TAIPEI TIMES’ (Formosa – Taiwan)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, THE WORKERS, UNEMPLOYMENT, USA | 2 Comments »

RIPPLES OF WORRY SPREAD AT NEWS OF EMC LAYOFFS – DATA GIANT’S EXPANSION ‘OPTION FOR THE FUTURE’ (USA)

Posted by Gilmour Poincaree on January 16, 2009

January 15, 2009

by Calvin Hennick – Globe Correspondent

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in COMMERCE, COMMODITIES MARKET, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

OUR COLLAPSING ECONOMY – ACCORDING TO THE BUREAU OF LABOR STATISTICS, NONFARM PAYROLL EMPLOYMENT DECLINED BY 3,445,000 FROM DECEMBER 2007 THROUGH DECEMBER 2008 – THE COLLAPSE IN EMPLOYMENT IS ACROSS THE BOARD (USA)

Posted by Gilmour Poincaree on January 15, 2009

Tuesday, Jan 13, 2008

Paul Craig Roberts – Counterpunch

PUBLISHED BY ‘INFOWARS.NET’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘INFOWARS.NET’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, TRANSPORT INDUSTRIES, UNEMPLOYMENT, USA | Leave a Comment »

BARCLAYS PRETENDE ELIMINAR 2.100 POSTOS DE TRABALHO (UK)

Posted by Gilmour Poincaree on January 14, 2009

13/01/2009 18:23

FolhaNews

PUBLISHED BY ‘CORREIO BRAZILIENSE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CORREIO BRAZILIENSE’

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

QUEDA DO EMPREGO NA INDÚSTRIA É REFLEXO DA CRISE FINANCEIRA INTERNACIONAL, AVALIA IBGE (Brazil)

Posted by Gilmour Poincaree on January 14, 2009

13 de Janeiro de 2009 – 12h58

por Thais Leitão – Repórter da Agência Brasil

PUBLISHED BY ‘AGÊNCIA BRASIL’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘AGÊNCIA BRASIL’

Posted in ÍNDICES DE EMPREGO, ÍNDICES ECONÔMICOS - BRASIL, BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, TAXAS DE DESEMPREGO, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

FINANCE JOB LOSSES SET TO ACCELERATE WARNS CBI (UK)

Posted by Gilmour Poincaree on January 13, 2009

Monday, 12 January 2009

by Sean Farrell – Financial Editor

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

FRIGORÍFICO ARANTES PEDE ‘CONCORDATA’ – ARANTES PERDE COM DERIVATIVO E PEDE RECUPERAÇÃO JUDICIAL – A DÍVIDA INCLUÍDA NO PROCESSO É DE CERCA DE R$ 1,5 BILHÃO REFERENTE A DÉBITOS COM FORNECEDORES E BANCOS (Brazil)

Posted by Gilmour Poincaree on January 13, 2009

13/01/2009

por Alda do Amaral Rocha, de São Paulo

PUBLISHED BY ‘VALOR ECONÔMICO’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘VALOR ECONÔMICO’ (Brazil)

Posted in A INDÚSTRIA DE ALIMENTOS, BANKING SYSTEMS, BRASIL, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, FOOD PRODUCTION (human), INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MEAT, O SISTEMA BANCÁRIO - BRASIL, RECESSION, SETOR EXPORTADOR, THE FLOW OF INVESTMENTS, UNEMPLOYMENT | Leave a Comment »

DEAR MR. MEDVEDEV

Posted by Gilmour Poincaree on January 13, 2009

01/12/09

by Fred Hubner

PUBLISHED BY ‘FROM SCRATCH NEWSWIRE’ (USA)

Dear Mr. Medvedev


I hope you’re in good health, and my feelings are extensive to your entire family ME, THE GAS THIEF, including your pets, in case you do have them.


I know you’re a very reasonable man and, in a general way, extremely engaged in the defense and advancement of your country. I’m sure you must’ve heard of me and my inate penchant for stealing Russian gas. I know that this a very bad habit of mine, but you must understand: that’s how I manage to survive and thrive in this cruel and globalized capitalist economy. I have 6 kids, a wife, an Ukrainian concubine and two very demanding Russian lovers … I love the Russians … I really do … and most specially their natural gas, it smells like heaven in paradise. But I can’t help it … stealing Russian gas is all I’ve managed to learn in my entire life. I should’ve taken my grandma’s advices and embrace car thievery as my profession … but all those wires got me really confused. I tried computer hacking for awhile, but using an ax and a hammer ain’t exactly what’s needed to do it. So that’s it, now you know me. I’m not a bad guy and I’m pretty sure I could tell you some sordid jokes you’ve never heard of. Unfortunately, we don’t chose our destinies … we might be capable of changing it if we need too, but we can’t chose them. Our destinies are part of the original package. Of course I can pretty much figure that, being you a Marxist of some sort, all this talk is utter nonsense. Nevertheless, that’s how I perceive it. So, closing this short missive, I beg you … I implore … please, stop measuring the volume of gas pumped thru Ukraine. That’s pointless, I’m the thief … not them. Yeah, well, yeah I’m surely associated with some creepy Ukrainian public servants … but I’m the one stealing it … the creepy Ukrainians just arrange things a bit … they certainly have nothing to do with my criminal intents.


So, certain of your kind understanding, I bid you goodbye and a good night of sleep.

PUBLISHED BY ‘FROM SCRATCH NEWSWIRE’ (USA)

Posted in COMMERCE, COMMODITIES MARKET, CORRUPTION, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, NATURAL GAS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RUSSIA, THE FLOW OF INVESTMENTS, THE WORK MARKET, UKRAINE, UNEMPLOYMENT, USA HUMOR | Leave a Comment »

GERDAU ALTERA TURNOS EM CHARQUEADAS E DEMITE EM SAPUCAIA DO SUL – AJUSTES SÃO REALIZADOS DESDE DEZEMBRO PARA ADAPTAR A PRODUÇÃO AOS EFEITOS DA CRISE FINANCEIRA (Brazil)

Posted by Gilmour Poincaree on January 13, 2009

13/01/2009 – 00h07min

Zero Hora

PUBLISHED BY ‘ZERO HORA’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ZERO HORA’ (Brazil)

Posted in BRASIL, CEMENT, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FLUXO DE CAPITAIS, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDÚSTRIA METALÚRGICA, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS, METALS INDUSTRY, O MERCADO DE TRABALHO - BRASIL, O MUNDO DO TRABALHO - BRASIL, OS TRABALHADORES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT | Leave a Comment »

GM CORTA 744 EMPREGOS EM SÃO PAULO – COM A QUEDA NAS VENDAS, GM CORTA 744 EMPREGOS EM SÃO PAULO – SEGUNDO A MONTADORA, MEDIDA ABRANGE OS CONTRATOS TEMPORÁRIOS (Brazil)

Posted by Gilmour Poincaree on January 13, 2009

12/01/2009 – 17h38min

G1

PUBLISHED BY ‘AGÊNCIA BRASIL’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ZERO HORA’ (Brazil)

Posted in AUTOMOTIVE INDUSTRY, BRASIL, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, INDÚSTRIA AUTOMOTIVA, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O MERCADO DE TRABALHO - BRASIL, O MUNDO DO TRABALHO - BRASIL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

ALBERTSONS IS CLOSING LAKEWOOD MARKET: THE CHAIN ANNOUNCED PLANS FRIDAY TO CLOSE ONE OF ITS TWO STORES IN THE CITY (USA)

Posted by Gilmour Poincaree on January 12, 2009

01/10/2009 9:28 AM ET

by Knight Ridder – Tribune

PUBLISHED BY ‘BUSINESSWEEK’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BUSINESSWEEK’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, UNEMPLOYMENT, USA | Leave a Comment »