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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Think4Yourself who wrote (171052)12/13/2008 12:05:05 AM
From: posthumousoneRead Replies (1) | Respond to of 306849
 
If we are talking specifically about automakers, other companies will ramp production to supply demand. Therefore they will hire workers.

Unlimited extended unemployment benefits PLUS serverance. PLENTY of time to find a job. What are they qualified for. A good company will hire the best workers.

I have never seen any data that shows it takes years to find a job.....how many do think have their resume ready?

So we want to prop an industry with no concessions that lose money in the best of times. Workers 90 paid vacation when factories idled.

Again 1 TRILLION dollar public works projects months away.

<<We have exported all the jobs overseas in numerous ways>>
So create an environment where its friendly for corps to keep jobs here.

Industries and trends change. Cry me a river for all the mortgage brokers and real estate agents who's business is temporarily down.

Wall Street says things are a-ok.....companies undervalued

Its you and me all the taxpayers that are the HOOK.

Ahhh socialism....its so warm and comforting
Its too bad we wasted all the money and people lives fighting against it for so many years.



To: Think4Yourself who wrote (171052)12/13/2008 12:25:51 AM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
just roll back some of these globalization efforts, put the shaft to walmart and some other "gross polluters" of outsourced industries and everything will be better.

The whole theory of globalization as some sort of comparative advantage seems like a failure to me. It ships industries away in an attempt to gain profits for two or three quarters. And the new companies that emerge are a fraction of their former selves in terms of innovation.

Apple hardly outsources anything. Some idiot over there tried to setup an indian call center a few years ago and Steve got wind of it and nixed it.



To: Think4Yourself who wrote (171052)12/13/2008 2:13:53 AM
From: energyplayRespond to of 306849
 
Some of the Defense contractors are adding people.

Once we get out of Iraq, a lot of the money that goes for operations will be available to replace equipment that was used up.



To: Think4Yourself who wrote (171052)12/13/2008 8:39:29 AM
From: Dan3Respond to of 306849
 
Morning Edition, December 12, 2008 · It's not a good time to be looking for seasonal employment. Here's an example of how stiff the competition is for holiday temp work: When electronics retailer Best Buy recently advertised 24,000 seasonal positions, 1 million people applied.
npr.org

Best Buy advertises seasonal jobs and A MILLION people apply.



To: Think4Yourself who wrote (171052)12/13/2008 12:07:47 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
Another corrupt democrat?..and a abama adviser. Clinton cabinet member.

'PONZI SCHEME' AT CITI
SUIT SLAMS RUBIN
By PAUL THARP
December 4, 2008
nypost.com

A new Citigroup scandal is engulfing Robert Rubin and his former disciple Chuck Prince for their roles in an alleged Ponzi-style scheme that's now choking world banking.

Director Rubin and ousted CEO Prince - and their lieutenants over the past five years - are named in a federal lawsuit for an alleged complex cover-up of toxic securities that spread across the globe, wiping out trillions of dollars in their destructive paths.

Investor-plaintiffs in the suit accuse Citi management of overseeing the repackaging of unmarketable collateralized debt obligations (CDOs) that no one wanted - and then reselling them to Citi and hiding the poisonous exposure off the books in shell entities.

The lawsuit said that when the bottom fell out of the shaky assets in the past year, Citi's stock collapsed, wiping out more than $122 billion of shareholder value.

However, Rubin and other top insiders were able to keep Citi shares afloat until they could cash out more than $150 million for themselves in "suspicious" stock sales "calculated to maximize the personal benefits from undisclosed inside information," the lawsuit said.

The latest troubles for Rubin, Prince and others emerged in a 500-page investigation by Citigroup investors represented by law firm Kirby McInerney.

The probe was used to amend and add new details to a blanket investor lawsuit filed against Citigroup a year ago. The amended suit called the actions of Citi leaders "a quasi-Ponzi scheme" to hide troubles - and keep Citi stock afloat while insiders unloaded about 3 million shares between Jan. 1, 2004 and Feb. 22, 2008 for huge profits.

In addition to Citigroup, Rubin and Prince, the complaint names Vice Chairman Lewis Kaden, ex-CFO Sallie Krawcheck and her successor CFO Gary Crittenden.

Rubin cleared $30.6 million on his stock sales, while Prince got $26.5 million, former COO Robert Druskin got nearly $32 million and former Global Wealth Management unit chief Todd Thomson got $25.7 million, the suit said.

Citi denied the allegations and said it "will defend against it vigorously."