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Job Losses

Financial Crisis Hits Congo Mines, More Than 200,000 Jobs Lost

BBC NEWS | Posted 05.25.2011 | World

More than 200,000 jobs have been lost in the Democratic Republic of Congo amid a collapse in mineral prices as a result of the global economic downtur...

Bush Acknowledges Recession For The First Time

AP | JENNIFER LOVEN | Posted 05.25.2011 | Politics

WASHINGTON — President George W. Bush publicly acknowledged for the first time Friday that the U.S. economy is in a recession and worried aloud ...

How I Know We're in for a Rough Economic Ride

Joanne Bamberger | Posted 05.25.2011 | Politics
Joanne Bamberger

I had lunch at Burger King last week and there was no one in line ahead of me, which struck me as a little odd. The cashier exclaimed when he saw me, "Oh, thank God -- a customer!"

Job Losses Surge, Decline More Severe Than During 2001 Recession In Some States

Wall Street Journal | CONOR DOUGHERTY | Posted 05.25.2011 | Business

Rising unemployment across the nation reveals a pervasive downturn that is spreading at an accelerating pace. In data released Friday by the Bureau o...

Sun Microsystems To Cut Up To 6,000 Employees, 18% Of Work Force

AP | Posted 05.25.2011 | Business

SAN FRANCISCO - Sun Microsystems Inc. plans to cut up to 6,000 jobs, or 18 percent of its global work force, as sales of its high-end computer serve...

Al Gore's Current TV Laying Off 60

CNET | Posted 05.25.2011 | Media

There have been layoffs at Current Media, the cable network co-founded by former U.S. Vice President Al Gore. A statement from Current put the number...

Never Give Up

Vicky Ward | Posted 05.25.2011 | Style
Vicky Ward

The relief that we were finally free of the reign of George W. Bush was still flowing through my veins -- and then exhaustion. The market fell and it was time to return to reality.

"J'Accuse!": This Administration's Crony Bailout Bonanza for Wall Street

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The government, under Mr. Paulson's fine hand, was paying twice as much as needed to be paid when compared to the sums Warren Buffett negotiated for a similar investment in Goldman Sachs.

Big Layoffs From Big Companies (SLIDESHOW)

Huffington Post | Nour Akkad | Posted 05.25.2011 | Business

As the financial turmoil continues, many high-profile companies have recently announced massive layoffs to be conducted in the next couple of months. ...

Ohio's Rough Road

Gerald McEntee | Posted 05.25.2011 | Business
Gerald McEntee

It's not about numbers -- it's about how the poor economy plays out for actual workers and their families. Consider what's happening at Cooper Tires, a 90-year-old company based in Findlay, Ohio.

Who Would Want To Be President in These Times?

Bob Starks | Posted 05.25.2011 | Politics
Bob Starks

After all of the cheering and congratulations on Inauguration Day, the new president will have to face the reality of the end of an era of prosperity and American world domination.

Why October 6th Felt Like September 11th

Jeannie Ralston | Posted 11.17.2011 | Healthy Living
Jeannie Ralston

Today, I'm not sure who to be angry at, exactly who to blame, but after years of inattention and living like we had a right to a free lunch, my suspicion is that this time the culprit is all of us.

Most Jobs Cut In Over 5 Years, Signs Of Recession Worsen

AP | JEANNINE AVERSA | Posted 05.25.2011 | Home

WASHINGTON — Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, ...

Economy sheds most jobs since 2003, more cuts seen

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, ...

Lose Your Job and Watch Your Friends Vanish

Vicky Ward | Posted 05.25.2011 | Style
Vicky Ward

There's no doubt that in New York "friendship" is a fickle term. As long as you are king, you will courted; when you are down and out, you are dumped.

Suddenly Obama's Auto-Policies Matter: Michigan Is The New Florida

Diane Tucker | Posted 05.25.2011 | Home
Diane Tucker

Any sort of cash incentive to get manufacturers to build more efficient vehicles -- and to get people to buy more of them -- is an admirable thing. But let's not forget that if people just make smarter choices, this nation's energy usage will go down dramatically.

20,000 Jobs Lost In April

New York Times | PETER S. GOODMAN and MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

The American economy lost 20,000 jobs in April, the fourth consecutive month of decline, in what many economists took as powerful evidence that the Un...

Democrats Push For New Aid Package Following Job Losses

New York Times | LOUIS UCHITELLE | Posted 05.25.2011 | Business

The nation's employers eliminated tens of thousands of jobs for the third month in a row, the government reported Friday, and top Democrats immediatel...

20,000 Wall Street Jobs Threatened By Credit Crisis

Guardian | Andrew Clark | Posted 05.25.2011 | Business

More than 20,000 people are forecast to lose their jobs on Wall Street as the credit crunch bites into business at financial institutions over the nex...

Goldman Sachs: Fed May Cut Rate Today

Reuters Via CN | Posted 05.25.2011 | Business

An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18th policy meeting, according to a Goldman Sachs research note...

Dangerous Cracks Appearing in Job Market

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Dangerous cracks in the nation's job market are deepening. Employers slashed jobs by the largest amount in five years and hundreds ...