Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Thu Jun 12, 2008 4:02 pm Post subject: Re: Let the layoffs begin
Just got news that a customer of mine is closing their Colorado office, the company is called KPFF. They’re consulting engineers, only about 10 people in the Colorado office but the stress fractures are beginning to appearing everywhere, in front of my own eyes.
Edit: I should be more clear and state this will impact my business, only slightly but this along with the landscaping companies I've mentioned throughout this thread. Things are adding up, thank goodness I have a couple renewable energy companies!
McClatchy Co., owner of the Miami Herald and 29 other daily newspapers, will cut about 1,400 jobs, or 10 percent of its workforce, to save $70 million annually after a record drop in industrywide advertising sales.
The reductions are part of a plan to cut costs as much as $100 million in the next four quarters, Sacramento-based McClatchy said today in a statement. The Miami Herald plans to eliminate 250 positions, or 17 percent of its staff, and the Charlotte Observer will cut 123 positions, or 11 percent, the newspapers reported.
Ouch! for news paper companies... tough with the internet and all, then you add in the reccession and nobody wants to advertise through them.
Joined: May 07, 2008 Posts: 455 Location: Chaska, MN
Posted: Mon Jun 16, 2008 9:45 pm Post subject: Re: Let the layoffs begin
threadbear wrote:
biofuel13 wrote:
It's a miracle!! After being an unemployed landscaper for 4 months I finally got another job! And it pays twice the money to boot!!
Sorry to gloat....but it's been a rough few months..looks like we won't lose our house after all.
Congratulations! I'm happy for you. What a tremendous load off your shoulders! Is the new job in any way recession proof?
Well it's recession resistant but not depression proof. Lawyers have mandatory education classes they must complete in order to be able to practice. I will be helping to provide the education to the lawyers. The way I see it lawyers are like cockroaches, they will be the last to go. So I thought it would be a good area to work in.
With falling revenue from sales and income taxes, and property-tax declines looming, states, cities and towns have already laid off tens of thousands of government employees. Many expect more job cuts ahead as public officials struggle to balance their budgets.
This is scary stuff when you think about Fire and Police forces. Many city budgets were dependant on growth which everyone knows isn't sustainable. What were these people thinking?
Quote:
At the same time, many local governments are also grappling with much higher expenses due to rising fuel prices.
Quote:
The city of Vallejo, Calif. filed for bankruptcy last month due to a ballooning budget deficit from soaring employee costs and declining tax revenue. Labor contracts with the city's unions were part of the problem but the city's plunging real estate market also was a factor.
Home values in Vallejo are down 24% year-over-year and 91% of homeowners who bought in the past two years have mortgages larger than their home's value, according to real estate site Zillow.com.
While Vallejo's housing problems are an extreme, they are not unique to that San Francisco suburb. Experts say the hit to property taxes that lays ahead for many cities could make this local government budget crisis the worst in nearly 30 years.
That's more bad news for an overall economy already fighting enough headwinds.
Posted: Mon Jun 23, 2008 10:17 am Post subject: Re: Let the layoffs begin
The railroads are hiring lots of people right now. AND they also have a lot of ppl on furlough. Its funny as hell if you are in the loop. Seems backwards but they see that their workforce is aging and will lose half of their men in thenext five years to retirement so getting ready.
If you need a job, can pass a drug screen and dont mind being gone from home, on call 24-7, 365 days a year, no overtime but good health care, go check it out
The conditions are horrible and they fire ppl for anything they can find so you have to be mentally tough to work there.
Joined: May 18, 2006 Posts: 4867 Location: Minneapolis, MN
Posted: Mon Jun 23, 2008 12:03 pm Post subject: Re: Let the layoffs begin
joelcolorado wrote:
The railroads are hiring lots of people right now. AND they also have a lot of ppl on furlough. Its funny as hell if you are in the loop. Seems backwards but they see that their workforce is aging and will lose half of their men in thenext five years to retirement so getting ready.
If you need a job, can pass a drug screen and dont mind being gone from home, on call 24-7, 365 days a year, no overtime but good health care, go check it out
The conditions are horrible and they fire ppl for anything they can find so you have to be mentally tough to work there.
Of course they get overtime and lot's of it too. The Nephew just hired on the CP as a Conductor.
Fitting and funny , except for those left holding the bag...
Perhaps the pilots can go back to military service before Obama starts handing out pink slips there too. Or maybe he won't if there's a sudden unexpected need for new pilots ?
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I'm happy for you. What a tremendous load off your shoulders! Is the new job in any way recession proof?
, except for those left holding the bag... 
