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alstry (35.13)

It is ONLY ABOUT JOBS

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17

October 20, 2009 – Comments (3)

If few are working....few have an income......and few are spending.....less are paying taxes.....there is no such thing as a jobless recovery in a service economy.....especially when that economy has a lot of leverage and high cost structure.

SAN FRANCISCO (AP) -- Sun Microsystems Inc. plans to eliminate up to 3,000 jobs over the next year as it awaits a takeover by Oracle Corp.

Bon Appetit Magazine - 6?

Montgomery County Ohio - 30 Layoffs Possible

General Shale - 19

Town of East Hampton - Layoff Talks Continue

Village of Germantown - Pay Freeze or Layoffs

Regions Financials Eliminated 1,700 Jobs in Past Year 

West Bloomfield Michigan - Possible Layoffs in Fire & Police Departments

Oak Park Village Hall - 2

Birmingham Post ( International ) - 80+

Press - Enterprise in California  - 40 to 45

BrickStreet Mutual Insurance Company - 24

Embry - Riddle Aeronautical University - 21

Lexmark - up to 825 Layoffs?

Hawaii Government Employment Association - No Layoffs but 42  Furlough Days?? 

Update: Missouri State Parks - 100

Jackson County Trims Budget - Few Layoffs

Detroit Free Press - 7 Layoffs Next Month?

Bayonne Medical Center - 35

Glamour , Style, Lucky - Conde Nast - Several Layoffs

University of Alberta ( International ) - Layoffs

Qdoba Mexican Grill in Kokomo Indiana 

Panera Bread in San Marco

Tide Point Day Care in Baltimore

Staples Office Products at 84 Whally Connecticut 

Last Local Disaster Center in Georgia closing Friday

Lang Holding Inc Distribution Center in Hartland - 80 Jobs Lost

Hoffco-Comet - 15 Layoffs

Old Aiken Market in Aiken SC

Pacific Brands ( International ) - Expects more Plant Closures

Hollywood Video in Bellingham Store

City of Flint Closing Down Impound Lot

3 Comments – Post Your Own

#1) On October 20, 2009 at 6:32 PM, Mary953 (76.97) wrote:

Alstry, this is right up your alley.  The "Daily Walk of Shame" column is about CalPERS.  http://www.fool.com/investing/general/2009/10/20/the-daily-walk-of-shame-calpers.aspx?source=irysithln0000001

I seriously doubt that this is your favorite organization.  ;)

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#2) On October 20, 2009 at 6:51 PM, alstry (35.13) wrote:

When CalPers got suckered into the LandSource deal.....at the time of the deal I blogged how someone got hosed....a year later, upper management was gone and LandSource was bankrupt.

Right now we are siphoning off our pension assets and investing in insolvent companies.....expect CalPers to be the first in a long line of pension issues over the next few weeks.

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#3) On October 20, 2009 at 9:48 PM, Mary953 (76.97) wrote:

As the husband of a California state employee (your wife is a teacher, is she not?), I felt certain that you would be acutely aware of CalPERS and thought you might enjoy the column.

My best to your family.

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