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...vessels, freeing up liquidity and strengthening the firm's "ability to act opportunistically," a Genco spokesman said. As companies pull back to protect their bottom lines, many are simply taking ships out of service, says Kriton Lendoudis, managing director of Athens-based Evalend Shipping. Hundreds of vessels have been laid up off Britain, Germany, Greece and Singapore over the past several months. In the River Fal estuary, near the old port city of Truro on Britain's southwest tip, harbor master Andy Brigden runs a service for companies looking for long-term berth space. Since early November, he says...

Author: /time Magazine | Title: As the World Economy Sinks, So Does Global Shipping | 12/31/2008 | See Source »

When the going gets tough, the tough go online-dating. "I just got laid off, and it's the holiday season. The last thing I want right now is to be lonely," laments Kate Miller, 24, who used to work at a nonprofit in New York City. "Along with getting a job, finding a boyfriend is definitely a top priority...

Author: /time Magazine | Title: A Bull Market for Online Dating | 12/24/2008 | See Source »

...your true preferences when you're at the mall? "First of all, consumers should experience the product before they look at specifications," says Hsee. "Sometimes marketers use a big font, but we should try to ignore it." Reading about how many coils a mattress has only after you've laid on it for a while should keep your decision-making more in line with your real perception of comfort...

Author: /time Magazine | Title: Swaying Shoppers: The Power of Product Specs | 12/22/2008 | See Source »

Perhaps it was his background as a community organizer helping laid-off steel workers find work, or his promises to close the book on discredited trickle-down economics and renegotiate unfair trade deals. Few groups were as happy about the election of Barack Obama as organized labor, which felt it finally had a champion after more than three decades of being marginalized...

Author: /time Magazine | Title: Will Obama Deliver for Organized Labor? | 12/22/2008 | See Source »

...said he has been told that “nothing precipitous is going to happen with jobs.” But for some, the hiring halt seems a precursor to more drastic cuts. “It’s not possible to say that no one will be laid off,” said Richard E. Kaufman, a librarian in the psychology department. “I think that prospect is real, and that’s something that should be alarming.” Robyn Ochs, technology and publications specialist in the romance languages department, said she hopes...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Hiring Freeze Still Concerns FAS Staff | 12/16/2008 | See Source »

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