2009 Depression Validated

LAYOFF DAILY
4-4-2009

Pratt and Whitney -20
Nationwide Insurance -480
Charlotte-Mecklenburg Schools -107
Art Gallery of Ontario -23
Zippy's -47
City of Kansas City -100
WestPoint Home Closing Plant -134
Disney Update -1,900
International Paper Closing Plant -114
SandRidge Energy -60
University of TN Health Science -5

TOTAL - 2,290

and..

130,793 Bankruptcy Petitions In March

www.nytimes.com...

[edit on 5-4-2009 by spinkyboo]

Headlines for April 5th 2009

Britain's Darling admits economic forecast wrong
www.reuters.com...

UPDATE 2-Britain digs in heels over supervision reform
www.reuters.com...

Originally posted by Hx3_1963
Headlines for April 5th 2009

Britain's Darling admits economic forecast wrong
www.reuters.com...

Oh really?
Yikes - it doesn't take a rocket scientist.
It's the land of the smiling liars.
Easier than facing what is.

reply to post by spinkyboo
Yep...to bad some other people won't admit they're wrong as well...

We're gonna keep sliding down this icy slope, till we hit the big tree at the bottom...

And it's gonna hurt...



[edit on 4/5/2009 by Hx3_1963]

The Worst Economic and Cultural Crisis of all Time
worldvieww.blogspot.com...

Why the G-20 didn't solve our problems
www.newsweek.com...

US watchdog calls for bank executives to be sacked
www.guardian.co.uk...

EU commits to help U.S. stem economic crisis
www.msnbc.msn.com...

U.S. Trade Gap Probably Held at Six-Year Low as Exports, Imports Plunged
www.bloomberg.com...

Geithner: Economy'll Have "Fits And Starts"
www.cbsnews.com...

Geithner: Bankruptcy Still Option For GM
www.cbsnews.com...

Geithner: Government May Pick Your Execs
www.foxnews.com...

Geithner denies White House sidestepping CEO pay limits
www.reuters.com...

Summers Banked Fees From TARP Recipients
www.cbsnews.com...

London Bank Bonuses Plunged 62% Last Year, More Than New York, Survey Says
www.bloomberg.com...

U.K. Companies Issue Most Profit Warnings Since 2001, Ernst & Young Says
www.bloomberg.com...

Australia's Budget Deficit May Reach A$100 Billion; Spending Cuts Needed
www.bloomberg.com...

Australia's Jobless to Get Waivers on Mortgage Payment as Economy Shrinks
www.bloomberg.com...

Hypo Real Estate May Be Acquired by Government, Not Expropriated, FT Says
www.bloomberg.com...

Italians Rally in Rome to Demand More Government Measures to Aid Economy
www.bloomberg.com...

Drawing The Battle Lines Of Class Warfare
www.cbsnews.com...

Homeless Kids Found Living in Train Station Tunnels
www.foxnews.com...

Hospitals can save by doing less - Thomson Reuters
www.reuters.com...

MGM hires Morgan Stanley to look at casino sales: report
www.reuters.com...

Lockheed, Boeing Weapons Are at Risk as Pentagon Shuts Spending `Spigot'
www.bloomberg.com...

U.S. Says N. Korean Rocket Launch Failed
www.cbsnews.com...

LAYOFF DAILY
Sun 4-5-2009

Hillsborough County Water Dept. -14
Essar Steel Algoma -500
Navistar -345
International Paper Closing VA Plant -100
International Paper Closing Polk Plant -96
International Paper Closing KC Plant -100
Times-Tribune Newspaper -18
AnchorBank Closing 3
Branches -19
MeadWestvaco Paper Mill -80
CertainTeed Plant -16%
The Oilgear Co. -24
Mason Companies -50

TOTAL - 1,350 approx

[edit on 4/5/2009 by Hx3_1963]

Headlines for April 6th 2009

Mayo Says Loan Losses Will Exceed Depression Levels (Update1)
www.bloomberg.com...

Communities print own currencies to keep cash flowing
www.usatoday.com...

Taxpayers face £500 bill to plug Britain's black hole
www.telegraph.co.uk...

[edit on 4/6/2009 by Hx3_1963]

Union County SC Unemployment Rate 19.6%

Nearly 1 in 5 Union County workers is unemployed

^snip^
"The second Great Depression is already here," said Walter Wilkerson, a retired Union County resident who formerly worked at the Cone Mills LLC textile plant in Carlisle. "It certainly feels like it. With the state government cutting its funding and everything else, I'm worried that I will go to pick up my Social Security check and it won't be there."

www.goupstate.com...
------------------------------------

Job center struggles with massive need In Portland, Ore.,
one center works to meet unprecedented demand

www.msnbc.msn.com...

By Allison Linn Senior writer
msnbc.com updated 19 minutes ago
Alison Allison Linn Senior writer •

The doors aren’t even open at WorkSource Portland Metro East, and yet a line is already starting to form outside the squat tan office building. It’s just before 8 a.m., and people are anxious to start looking for work. By 9 a.m., the publicly funded job and retraining center will be overflowing with clients. People who once held jobs as chefs, truck drivers, industrial buyers, retirement home managers and car dealers will pass through the doors. Some will have master’s degrees and others won’t have graduated from high school; none will have had any luck — yet — finding a job in this hard economy.

[edit on 6-4-2009 by spinkyboo]

Altman: Not a normal cyclical recovery
www.calculatedriskblog.com...

US Recovery Is Far Off, Banks Are 'Basically Insolvent': Soros
www.cnbc.com...

Soros Says New Mark-to-Market Rules Keep Banks Alive, Sees Brazil Recovery
www.bloomberg.com...

JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo and More Than 1,800 Other Institutions Believed to Be at Risk of Failure Based on Fourth Quarter 2008 Data
www.businesswire.com...

S&P 500 Can't See Enough Money-Making in Final Quarter to Keep Rally Alive
www.bloomberg.com...

Brown Pressed By Unions, Lawmakers to Increase Spending in U.K.'s Budget
www.bloomberg.com...

Japan set for second economic bail-out
www.telegraph.co.uk...

Yosano Says Finding Cash for Japan Stimulus is 'Major Task' as Debt Swells
www.bloomberg.com...

New Zealand Business Confidence Slips to 35-Year Low as Recession Worsens
www.bloomberg.com...

Building Industry in Australia Contracts 13th Month Amid Recession Signs
www.bloomberg.com...

Putin Plans $90 Billion Economic-Stimulus Package to Ease `Very Hard' Year
www.bloomberg.com...

Siberian Services Default on $100 Million Bonds is Russia's First of 2009
www.bloomberg.com...

Ireland, Facing `Grave' Budget Crisis, May Increase Taxes, Reduce Spending
www.bloomberg.com...

Loonie Loses 3% as Traders See Carney Pushing Canada to Quantitative Ease
www.bloomberg.com...

Canada's February Building Permits Fall to the Lowest Level in Seven Years
www.bloomberg.com...

Brazil Analysts Slash GDP Forecast, Predicting First Recession in 17 Years
www.bloomberg.com...

Brazilian Power Consumption May Drop 2.2% on Economy, Credit Suisse Says
www.bloomberg.com...

Chile's Economy Shrank 3.9 Percent in February vs Year Ago, Most in Decade
www.bloomberg.com...

South African Manufacturing Output Probably Fell by Record: Week Ahead
www.bloomberg.com...

Malawi May Deport Tobacco Buyers if Prices Don't Improve, President Says
www.bloomberg.com...

GM Said to Speed Up Bankruptcy Preparations as Board Crafts Savings Goals
www.bloomberg.com...

Copper Declining Demand Pushing Prices 15% Lower as Traders Assess Quarter
www.bloomberg.com...

Rio Curtails Output at Weipa Bauxite Mine, Slows Yarwun Alumina Expansion
www.bloomberg.com...

Xstrata to Shut Canadian Smelter for Two Months as Acid Demand Declines
www.bloomberg.com...

[edit on 4/6/2009 by Hx3_1963]

LAYOFF DAILY
4-6-2009

Apache Junction School District -49
APC Update -30
Eastman Chemical -200
Alston Bird Law Firm -86
Mason Schools -22
UST Inc. -60
Ingram Micro Canada -50
Dallas Morning News -500
Contra Costa County -120
Ecco Shoe Co. -1,150
Fujicolor Closing Plant -145
Galbreath Closing Plant -28
Shire Pharma Closing Plant -260
Breyers Ice Cream Plant Closing -201
City of St. Louis -73

TOTAL 2,974 est.
Under 3,000 reported on a Monday.

Thousands of F-22 Jobs At Risk
www.accessnorthga.com...

Pentagon to end F-22 jets, presidential chopper

By The Associated Press Defense Secretary Robert Gates
WASHINGTON -

Defense Secretary Robert Gates says the Pentagon will end the F-22 fighter jet, which is assembled in Marietta, and presidential helicopter programs run by Lockheed Martin Corp. As a result, roughly 2,000 workers at the Lockheed Martin plant in Marietta could lose their jobs. Military analysts widely expected the radar-evading supersonic jet considered an outdated weapon system designed for the Cold War would not go beyond the 187 already planned. The planes cost $140 million each. But Bethesda, Md.-based Lockheed, the nation's largest defense contractor, has said almost 95,000 jobs could be at stake if the Pentagon didn't buy more of the planes. The new fleet of presidential helicopters with a price tag of $11.2 billion that was nearly double the original budget also were considered at risk to be cut in the 2010 budget.
(Copyright 2009 by The Associated Press. All Rights Reserved.) www.accessnorthga.com...

Government debt was double that of GDP in 1945, and that is what pulled us out of the great depression. Super high taxes on incomes over a certain level were also established. If it worked then, it should work now.

finance.yahoo.com...

Stocks were led lower by financials in the early going. Financials (-2.9%) were put under pressure when a reputable analyst from Calyon Securities gave a pessimistic analysis of the banking industry by stating that banks' loan losses relative to their total loans should increase to levels that exceed those of the Great Depression.

The best solution at this time would be major government investment in a new transportation infrastructure which allows people to purchase personal vehicles that will operate on a electrical rail system. Build these systems on top of our current highway system. Develop a redundant computer controlled system with extra safety features and control capabilities in the cars themselves. In high traffic areas, cars could be coupled together, reducing the amount of space needed for large numbers of vehicles in high traffic areas. The individual factor would be eliminated in accelerating, braking, and steering, no need for traffic cops, greatly reduced car insurance, and people could spend commuting time doing other things. In addition, vehicles could travel between cities at high speeds, maybe over 200 MPH, travel coast to coast in the U.S. in 12 hours.

Hey, if we are going to have a WW II type government spending program to end this depression, this would be a better way to go.


[edit on 6-4-2009 by poet1b]

Headlines for April 7th 2009

Toxic debts could reach $4 trillion, IMF to warn
business.timesonline.co.uk...

U.S. deficit nearly $1 trillion in first half of FY2009
www.reuters.com...

Bernanke ‘Green Shoots’ May Signal False Spring Amid Job Losses
www.bloomberg.com...

GM Said to Speed Up Bankruptcy Preparations as Board Reworks Savings Goals
www.bloomberg.com...

GM in "intense" bankruptcy preparations: source
www.reuters.com...

U.S. apartment market worsens with economy: research firm
www.reuters.com...

New York Office Rents Fall 6% in First Quarter (Update1)
www.bloomberg.com...

Mortgage delinquencies soar in the U.S.
www.reuters.com...

Sales likely gloomy for retailers
www.reuters.com...

CEO confidence falls to record low
www.reuters.com...

Eurozone's GDP revised downwards
news.bbc.co.uk...

ECB's Stark raps move to boost IMF drawing rights
www.reuters.com...

ECB attacks G20 plan to boost IMF drawing rights to pump cash into global economy
www.telegraph.co.uk...

RBS says UK government stake to rise to 70 percent
www.reuters.com...

RBS says to cut up to 9,000 jobs
www.reuters.com...

UK unemployment will reach 3.2m, BCC warns
www.telegraph.co.uk...

UK industrial production suffers worst annual fall since 1968
www.telegraph.co.uk...

UPDATE 1-Ireland gears up for make or break emergency budget
www.reuters.com...

UPDATE 3-Spain sacks economy chief as government struggles
www.reuters.com...

Argentina Seeks $10 Billion Credit Line From Fed, Ambito Says
www.bloomberg.com...

Ship Industry May Mothball Most Vessels Since 1970s, GAC Says
www.bloomberg.com...

Quarter of companies globally set to freeze pay: survey
www.reuters.com...

Almost half of French approve of locking up bosses
www.reuters.com...

Why we're hemorrhaging jobs
money.cnn.com...

[edit on 4/7/2009 by Hx3_1963]

Citizens Financial parent RBS to cut 9,000 jobs

The Royal Bank of Scotland Group, parent of Citizens Financial Group, the second-largest banking operation in Massachusetts, said Tuesday it plans to cut up to 9,000 jobs over the next two years. The United Kingdom-based bank, in which the British government acquired a majority stake last fall, said it will achieve the job cuts through layoffs, natural turnover and leaving vacant positions unfilled. A Citizens spokeswoman declined comment Tuesday about the cuts. Citizens is the second-largest bank in Massachusetts, when ranked by deposits. RBS said the cuts will include 4,500 in the United Kingdom. The plan, which involves a number of other cost-saving initiatives, will help RBS reduce annual costs by roughly $3.7 billion within the next three years.

www.bizjournals.com...

TALF Loan Requests Drop 64% to $1.7 Billion in Second Round of Fed Program
www.bloomberg.com...

Fed May Offer Longer-Term Loans for Purchase of Commercial Mortgage Assets
www.bloomberg.com...

Consumer Credit in U.S. Falls $7.48 Billion as Recession Cripples Spending
www.bloomberg.com...

Rising U.S. unemployment to hurt food sales: analyst
www.reuters.com...

Goldman Sachs's Blankfein Urges U.S. to Resist Protectionism Amid Slowdown
www.bloomberg.com...

Provopoulos Indicates ECB Might Reduce Rate Below 1%, Buy Corporate Debt
www.bloomberg.com...

Finance Ministry May Sell 30-Year Bonds at 4.07% Yield Today, Survey Shows
www.bloomberg.com...

Financial Crisis May Check Gold Sales in China This Year, Daily Reports
www.bloomberg.com...

China's Plan to Aid Stricken Shipbuilders May Add to Shipping Lines' Pain
www.bloomberg.com...

Rio Tinto Reiterates Commitment to Chinalco Investment After Stock Drops
www.bloomberg.com...

Japan's Bonds May Advance for Second Day on Concern Bank Losses to Deepen
www.bloomberg.com...

Japan Plans 37 Trillion Yen in Funding Support for Companies, Nikkei Says
www.bloomberg.com...

Japan Current-Account Surplus Shrinks 56% as Demand for Exports Tumbles
www.bloomberg.com...

Japan's TonenGeneral shuts 185,000 bpd CDU
www.reuters.com...

Shanghai May Sell Real Estate Investment Trusts, Business Herald Reports
www.bloomberg.com...

Thailand's Central Bank May Cut Rate to Spur Demand as Economy Contracts
www.bloomberg.com...

East European Countries to Reject Go-It-Alone Euro Adoption, Analysts Say
www.bloomberg.com...

World Bank Sees Ukraine Economy Slumping 9%, Compared With 4% Previously
www.bloomberg.com...

Slovak Central Bank Says Economy Will Contract for First Time Since 1993
www.bloomberg.com...

Moldovan Anti-Communist Protesters Storm Government Offices After Election
www.bloomberg.com...

Europe's Recession Deepens More Than Estimated on Investment, Consumption
www.bloomberg.com...

British Economy Shrinks 1.5% as Recession Resembles 1979, Institute Says
www.bloomberg.com...

Ireland to Take Control of Toxic Property Loans as `Celtic Tiger' Falters
www.bloomberg.com...

Air France-KLM's March Passenger Traffic Falls 9.4%; Load Factor Declines
www.bloomberg.com...

German Government Said to Plan Takeover Bid for Hypo Real Estate This Week
www.bloomberg.com...

Schaeffler, Seeking to Avoid Breakup, Gets 1 Billion-Euro Loan From Banks
www.bloomberg.com...

More Than Half of Latin American Companies Have Funding Risk, Moody's Says
www.bloomberg.com...

ALL America Drops as Morgan Stanley Forecasts `More Risks in Year Ahead'
www.bloomberg.com...

Alberta forecasts record $4.7B deficit in budget
www.ctv.ca...

Alberta Offers Drillers Incentives as It Faces 52% Drop in Oil Royalties
www.bloomberg.com...

UPDATE 1-Canada considers C$150 mln TV bailout fund -report
www.reuters.com...

South Africa's Economy May Have Slipped Into First Recession in 17 Years
www.bloomberg.com...

Gold May Reach Record as Inflation Hedge, Pass $1,000 `Easily,' GFMS Says
www.bloomberg.com...

Silver Base shares down 11.6 pct in trading debut
www.reuters.com...

METALS-Copper down, aluminium eases after Alcoa results
www.reuters.com...

Alcoa sees weak 2009 aluminum demand
www.reuters.com...

Airlines face losses as demand drops
www.reuters.com...

Canada Boosts Insurance for Auto Parts Makers, Offers Consumer Warranties
www.bloomberg.com...

Chrysler Lenders Support $1.5 Billion Federal Aid Effort for Parts Makers
www.bloomberg.com...

New Citi Chair: Bankers Aren't "Villains"
www.cbsnews.com...

Poll: 74% Support Higher Taxes On Rich
www.cbsnews.com...

Reality TV Is Frugality TV
www.cbsnews.com...

Smaller hams may grace Easter tables
www.reuters.com...

Market bear Roubini sticks to dour forecasts
www.reuters.com...

UPDATE 2-Solvency issue in developed, not emerging mkt-BlackRock
www.reuters.com...

Electricity Grid in U.S. Penetrated by Spies
online.wsj.com...

Negative returns plague 93% of quoted companies
in.biz.yahoo.com...

[edit on 4/7/2009 by Hx3_1963]

Headlines for April 8th 2009

Fed's Fisher says U.S. economy grim
www.reuters.com...

Congressional Panel Suggests Firing Managers, Liquidating Banks
www.bloomberg.com...

Danger lurks behind banks' results
www.reuters.com...

Bank of America Needs to Raise $36.6 Billion in Capital, Oppenheimer Says
www.bloomberg.com...

Lawmakers Seek to Calm TARP Spending Worries
www.cnbc.com...

Muni Bonds May Face Downgrade
www.cnbc.com...

Recession to Ease, but Industry Set to Crumble
www.cnbc.com...

UPDATE 1-U.S. wholesale inventories in record fall
www.reuters.com...

GM readies for bankruptcy
www.reuters.com...

WRAPUP 1-Germany, France suffer from global trade slump
www.reuters.com...

UPDATE 2-Workers release managers at Scapa plant in France
www.reuters.com...

Greece Teeters on the Verge of Bankruptcy
www.spiegel.de...

Moldova blames Romania after anti-government riots
www.reuters.com...

PREVIEW-Canadian economy seen bleeding more jobs in March
www.reuters.com...

Chrysler working around clock on Fiat alliance
www.reuters.com...

Number of grown-up children returning to live with parents triples amid recession
www.telegraph.co.uk...

[edit on 4/8/2009 by Hx3_1963]

If you're having a hard time understanding how we got into a depression please visit this thread.

Dont Understand This Depression? Read This Thread.

Recession slows some U.S. state income tax refunds
www.reuters.com...

Recession to rage on
www.reuters.com...

Fed sees economy sliding further
www.reuters.com...

Regulators may not want TARP money back soon
www.reuters.com...

Banks Holding Up in Tests, but May Still Need Aid
www.nytimes.com...

Banks aren't reselling many foreclosed homes
sfgate.com

Rep. McCotter: Don't Let AIG-Backed Bondholders Profit From GM Bankruptcy
finance.yahoo.com...

FDIC BAIR(S) TEETH
TAKES TREASURY'S TIM TO TASK ON TALF STRESS TEST
www.nypost.com...

Barney Frank Declares War On Moody's
zerohedge.blogspot.com...

Analyst tells big banks to make money, or else
www.reuters.com...

GM must restructure, bankruptcy or not: executive
www.reuters.com...

GM's European sites under the gun
www.reuters.com...

GM Pension Vow Seen as `Garbage' as Bankruptcy Might Wipe Out $16 Billion
www.bloomberg.com...

CA Foreclosures About to Soar
www.fieldcheckgroup.com...

Mayor Bloomberg says 7,000 city employees will be laid off; Albany hasn't helped city budget enough
www.nydailynews.com...

Bloomberg says NYC must lay off thousands
www.msnbc.msn.com...

Hawaii, suffering tourism drop, appeals to Obama
www.latimes.com...

Anti-tax crusaders talk revolt
www.reuters.com...

Jobs gone, couple ‘back at square one’
www.msnbc.msn.com...

Japan Will Spend $150 Billion in Next Stimulus Package, LDP Lawmaker Says
www.bloomberg.com...

Mizuho Is Under Pressure to Raise More Capital as Moody's Cuts Debt Rating
www.bloomberg.com...

South Korea Sells $3 Billion of Global Bonds to Help Bolster Won Defense
www.bloomberg.com...

Overdue Loans in Russia Are Rising 20% a Month, Sberbank Chief Gref Says
www.bloomberg.com...

Timoshenko, IMF Group to Resume Talks on Second Part of $16.4 Billion Loan
www.bloomberg.com...

Kazakhstan to Limit Currency Rates at Street Kiosks to Avert Run on Tenge
www.bloomberg.com...

Latvia's Credit Rating Is Cut by Fitch to BB+ on Risks to Bailout Accord
www.bloomberg.com...

Poland May Be Next After Mexico to Tap New IMF Credit Line, Barclays Says
www.bloomberg.com...

Bank of England's King Contemplating Split of Bank-Roles, Times Reports
www.bloomberg.com...

Lenihan Says Ireland Doesn't Need EU Bailout, Will Keep Cutting Spending
www.bloomberg.com...

Peru Central Bank Cuts Lending Rate More Than Expected on Slumping Economy
www.bloomberg.com...

Roubini Says Colombia Hard Hit by Financial Crisis, Faces `Difficult' 2009
www.bloomberg.com...

Business Confidence in South Africa Drops to 7-Year Low as Exports Fall
www.bloomberg.com...

House Prices in South Africa Fell in March, Extending Declines, Absa Says
www.bloomberg.com...

South African Road Freight Strike, Threatening Fuel Supplies, Continues
www.bloomberg.com...

Botswana Diamond Mines Sit Idle as Africa's Star Economy Loses Its Luster
www.bloomberg.com...

[edit on 4/8/2009 by Hx3_1963]

LAYOFF DAILY
Wed 4-8-2009

Reno Gazette-Journal -33
Wolf Robotics -14
Wellesley -40
Peoria Unified School District -300
Bridgewater-Raynham Schools -70
Sarasota Schools -320
Gilbert AZ Schools -400
Scottsdale Schools -250
Greenheck Fan Corp. -37
MerCruiser -135
StandardAero -115
Vesuvius Steel Plant -4
NYC Mayor Calls for Cuts -7,000
www.silive.com...

Rome GA Super Kmart Store -80
Dean Health Systems -90
Russian Auto Maker GAZ -4,000
Vegas Chamber of Commerce -11
John Deere Iowa -160
Tucson Schools -605
No Severence: Farmland Workers -200
Checker Motors Closing -273
RTS Packaging Closing -50
Whirlpool Consolidates China Plants -600
Dawn Food Products Inc. -59
Baker and McKenzie Law Firm -124
Boston Mayor Proposes -565
Hampton Lumber Mills -85
City of Nampa ID -16
Raley's HQ Cutting Staff Hampton Affiliates -275

TOTAL - 15,776 est.

California Lost 42,000 Industrial Jobs
www.manufacturersnews.com...

Headlines for April 9th 2009

Las Vegas trophy project becomes symbol of trouble
www.reuters.com...

Georgia braces for mass rallies against Saakashvili
www.reuters.com...

Germany makes takeover offer for Hypo Real Estate
www.reuters.com...

Laid-off U.S. workers finding new jobs, less pay
www.reuters.com...

Car industry sells new vehicles more cheaply than second-hand
www.telegraph.co.uk...

Food prices rise for fourth consecutive month
www.telegraph.co.uk...

Care for the elderly is in crisis with more care homes being closed due to the recession
www.telegraph.co.uk...

[edit on 4/9/2009 by Hx3_1963]

UPDATE 1-IMF considers options on G20 SDR plan-spokeswoman
www.reuters.com...

Summers-U.S. must protect dollar's status
www.reuters.com...

Fed says plan now to avert inflation
www.reuters.com...

Stern says credit strains could delay recovery
www.reuters.com...

UPDATE 1-U.S. dealers submit no bids for Treasuries -NY Fed
www.reuters.com...

Jobless claims ease, trade gap narrows sharply
www.reuters.com...

Author who predicted crisis sees inflation ahead
www.reuters.com...

JPMorgan cuts analysts, trims coverage - source
www.reuters.com...

U.S. Treasury asking banks keep quiet on tests: source
www.reuters.com...

No U.S. banks will close due to stress tests: source
www.reuters.com...

U.S. banks line up to repay TARP money
www.reuters.com...

UPDATE 1-PREVIEW-Life insurers in tough spot, may get Fed aid
www.reuters.com...

Moody's strips Berkshire Hathaway of top rating
www.reuters.com...

Goldman: Civil aerospace downturn may be "more severe"
www.reuters.com...

Boeing warns on Q1 profit, to cut plane output
www.reuters.com...

3M offers early exit to U.S. workers
www.reuters.com...

J&J to eliminate 900 positions, mostly sales
www.reuters.com...

Collapse of IBM deal could weaken Sun even more
www.reuters.com...

Costco March same-store sales down
www.reuters.com...

Colony Capital breaks off MGM Mirage talks: report
www.reuters.com...

Canada's Harper says job losses "not good news"
www.reuters.com...

WRAPUP 1-Canada job losses worst since 1982 recession
www.reuters.com...

Berlin Hypo Real Estate offer blunts Flowers' power
www.reuters.com...

ING to shed up to $10.6 billion of assets
www.reuters.com...

Brazil selected for IMF's financial plan - source
www.reuters.com...

Handling "bossnappings" poses dilemma for Sarkozy
www.reuters.com...

Fiat bosses held by Belgian workers in jobs dispute
www.reuters.com...

Rio mineral sale may be latest auction to go awry
www.reuters.com...

Crowd Of 10,000 Overwhelms N.H. Job Fair
www.cbsnews.com...

Modern-Day Tea Parties Give Taxpayers Chance to Scream for Better Representation
www.foxnews.com...

[edit on 4/9/2009 by Hx3_1963]

LAYOFF DAILY
4-9-2009

Corcoran -18
Timbar Packaging and Display -70
APAC -72
Honeywell -40
ESAB -90
Manitowoc Plant -103
Ceco Closes Plant -120
Graphic Packaging International -30
Aavid Thermalloy -90
City of Paducah -14
3M Offers Buyouts to 3,600
Home Builder 120 - Employees Down to 4
Alliance Castings -394
Barnhardt Mfg. Co. Closing Plant -20
Andover Schools -55
Detroit May Close 20
Schools -600
Noble International Closing -13
LyondellBasell -3,000
Durham School Services -63
Power Marine Motor Sports Closing -20
DA-Tech Closing Plant -40
Ball Corp. Closing Plant -46
North Carolina State Govt. -700
Southwest Cement Co. -40
Country Coach -460
Ellsworth Hospital -14

TOTAL - 9,832 est

[edit on 9-4-2009 by spinkyboo]