Mike: I hope you all had a fine weekend. I wasn’t able to publish a full weekend post, but I’ll publish this a little early and update as the day moves along. Mike: The following reminds me of the AIG fiasco. Here you have the state of Nevada, which has one of the fastest growing […]

Continue reading about March 23 – Boeing warns another 900 – Postal Service delivers bad news to 3000 – Mitsubishi UFJ and Daily Mail to each cut 1,000 – Daewoo to dump up to 1200 – February existing home sales rise by 5.1 percent (but down 3.6% from last year)

Mike: Today is shaping up to be a quiet day on the economic report front, but layoff announcements are numerous and large this Friday. Mike: The following story illustrates one of the reasons why so many are upset at the AIG bonuses. The union rejected a contract offer for further lowering of wages, which may […]

Continue reading about March 20 – AIG bonus fiasco continues – FedEx to chop 1,000 more jobs – Rio Tinto Alcan to can 1,100 – ThyssenKrupp to cut > 3,000 – Shut down begins and 1400 jobs ending at New Process Gear

Mike: I hope you are all having a fine day. This day brings the weekly Jobless Claims number, which is expected to remain steady at 654,000. This is a closely watched number, which has a great deal of impact on government policy, as well as the private sector and the stock market. An improving number […]

Continue reading about March 19 – New jobless claims fall to 646,000 – Record 5.47 million continue to receive unemployment – RBS looks to axe 2700 UK jobs – CAT to lay off 800 more workers in Aurora – Pacific Capital Bancorp sheds 300 – MeadWestvaco to shut two plants, cut 278 jobs – Citi may spend $10 million for office updates – NYC Hospital System to Cut 400