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nodle

Recession

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nodle    681

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Has anyone else notice more and more layoffs lately? I have been seeing on different message boards more and more people being laid off. I don't think we will see the full effect of this till next year though. I believe these are just the early signs.

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ryanator    192

This is what I'm hearing and seeing as well.  I also think we might be just seeing the beginning.  First came all the depressing issues of financial problems (both commercial and consumer), and we are seeing and will see more of the domino effect come into play.  Our economy is in dire, the bail outs are just moving our "resources" from one spot to another as it's not coming from nowhere.  We may be helping on sector out, but another will be affected.

Maybe one of us will be hanging around on the street soon. 

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nodle    681

This is what I'm hearing and seeing as well.  I also think we might be just seeing the beginning.  First came all the depressing issues of financial problems (both commercial and consumer), and we are seeing and will see more of the domino effect come into play.  Our economy is in dire, the bail outs are just moving our "resources" from one spot to another as it's not coming from nowhere.  We may be helping on sector out, but another will be affected.

Maybe one of us will be hanging around on the street soon. 

Robyn already does at night.  :tongue:

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Robyn    0

This is what I'm hearing and seeing as well.  I also think we might be just seeing the beginning.  First came all the depressing issues of financial problems (both commercial and consumer), and we are seeing and will see more of the domino effect come into play.  Our economy is in dire, the bail outs are just moving our "resources" from one spot to another as it's not coming from nowhere.  We may be helping on sector out, but another will be affected.

Maybe one of us will be hanging around on the street soon. 

yhtak already does at night.  :tongue:

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Ludacris    9

2qnvecn.jpg

Has anyone else notice more and more layoffs lately? I have been seeing on different message boards more and more people being laid off. I don't think we will see the full effect of this till next year though. I believe these are just the early signs.

I just picked up a part-time job (I still have my full time one too).  No recession for me!

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jmanz    148

2qnvecn.jpg

Has anyone else notice more and more layoffs lately? I have been seeing on different message boards more and more people being laid off. I don't think we will see the full effect of this till next year though. I believe these are just the early signs.

I just picked up a part-time job (I still have my full time one too).  No recession for me!

What's the gig?

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Ludacris    9

2qnvecn.jpg

Has anyone else notice more and more layoffs lately? I have been seeing on different message boards more and more people being laid off. I don't think we will see the full effect of this till next year though. I believe these are just the early signs.

I just picked up a part-time job (I still have my full time one too).  No recession for me!

What's the gig?

Believe it or not, I'm back at PRACS.  I picked up a part-time nursing position (which at PRACS is basically paper work and monitoring subjects) there for 22/hour.  It's pretty much a self scheduling system so I decided when I work, I just have to work a minimum of 4 shifts per month which would be no problem.  It'll be nice to have a nursing job where I don't have people pissing, shitting, and dying on me.

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nodle    681

This week alone, U.S. companies including Sprint, Home Depot, Caterpillar, Texas Instruments and others announced they would cut more than 60,000 jobs.

On Tuesday, another 10,000 job cuts were announced. So far this month, more than 210,000 jobs are known to have been axed. And in a report due Thursday, claims for U.S. unemployment benefits by the newly jobless are expected soar above 500,000.

In all, more than 11 million U.S. workers are unemployed, a 48 percent jump from a year ago.

That is around a total of 1.5M jobs lost in three months.

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nodle    681

It's looking up guys! :happy:

Stocks plunge, end day at decade-plus lows

NEW YORK - The major market indexes closed at their lowest levels in more than a decade Monday, pulled lower by investors rapidly waning confidence.

The Standard & Poors 500 index fell to April 1997 levels , while the Dow Jones industrial average, down 250 points, reached its levels of October 1997 as investors succumbed to their growing worries about a recession that has no end in sight.

People left and right are throwing in the towel, said Keith Springer, president of Capital Financial Advisory Services.

http://www.msnbc.msn.com/id/3683270/

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O-Tron    26

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YES!! And they're only making it worse.

You know part of my thinks those in power are trying to drive the economy into the pooper. After all, Marxist theory says that socialism/communism can only work in a failed capitalistic state. Maybe they're tried to speed up the process.

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