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
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. ;)
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.
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.