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...doing more than their fair share of letting employees go these days, that's not just because mass layoffs at blue chip firms are the ones that make headlines. New research suggests that in times of recession, large employers disproportionately lose workers, while small companies, as a group, fare better. "It's definitely the case that large firms are downsizing much faster in recessions," says Giuseppe Moscarini, an economist at Yale University who conducted the research with Fabien Postel-Vinay of the University of Bristol...

Author: /time Magazine | Title: Why Are Large Companies Losing More Jobs Than Small Ones? | 2/28/2009 | See Source »

...that shift back to large companies as the major force behind jobs generation can take years. The lesson for the short-term seems to be that small companies are a better bet for work. Just be careful of applying the trend to any specific firm. Small companies on average may not be shedding as many jobs as large ones, but smaller companies are by their very nature volatile-looking at aggregate numbers hides all the instances of companies growing insanely quickly or imploding into nothingness. It's still the case that most people work for large companies: 45% at firms...

Author: /time Magazine | Title: Why Are Large Companies Losing More Jobs Than Small Ones? | 2/28/2009 | See Source »

...Nausea” to be a more accurate title. All the while, in a thinly-veiled attempt to connect with the masses, Kanye muses about how much it sucks to be bankin’—poor Kanye, rich in an economic recession. And what’s better than one gloomy Kanye? Lots of them!! The video feeds Kanye’s narcissism as it allows him to digitally multiply himself. He comes close to finally living out the fantasy of making out with himself in a music video. Gone are the days when Kanye would wax poetic...

Author: By Arhana Chattopadhyay, CRIMSON STAFF WRITER | Title: POPSCREEN: Kanye West | 2/27/2009 | See Source »

...than liberal (over half oppose gay marriage). Yet they are split fairly evenly between political parties and can often swing an election because - duh - there are so many of them. They went for Bush in 2004 and Obama in 2008. When Ronald Reagan asked Americans in 1980, "Are you better off than you were four years ago?" he was speaking to the middle class. A 1979 public-opinion survey found a rising number of middle-class Americans felt that their lives were getting worse, and it was with those people that his words resonated. In 1997, in the middle...

Author: /time Magazine | Title: The Middle Class | 2/27/2009 | See Source »

...signs of weakness. Exports, a key driver of growth, continue to plummet as demand for China's toys, blue jeans and TV sets dries up in the United States. In January, exports plunged 17.5% from the same month a year earlier. Nor are the more negative convinced that the better data coming out of China are as meaningful as they appear. Take, for example, the record level of loans, which some argue won't stimulate growth as much as expected. There are signs that some borrowers, for example, are trying to turn a quick profit by capitalizing on differentials...

Author: /time Magazine | Title: China's Economy: Rare Signs of Optimism | 2/27/2009 | See Source »

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