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...factories abruptly informed their workers that they were switching to a three-day week. Then the layoffs started. The cast-iron foundry, which pays the best wages, cut 80 of its 1,200 workers, and managers announced they might have to fire up to 600 more. The cable factory laid off 40 people and cut pay 15% for those who remained. At least they're being paid: the machinery factory nearby is two months in arrears. "People woke up one day, and everything had changed," says Ivan Pronin, editor of the local paper, the Lyudinovo Worker. "It's like...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...steel or autos. In the Urals town of Magnitogorsk, a gigantic steelworks has placed 3,000 workers on forced leave. In Novolipetsk, to the east of Lyudinovo, thousands have been furloughed since Nov. 14, when the steel factory idled two of its blast furnaces. The government estimates that companies laid off about 200,000 workers in December and January, but that's probably an understatement. Yevgeny Gontmakher, an economist who heads the Russian Academy of Sciences' Social Studies Center, expects that Russia's official unemployment rate, long below 6%, will be twice that level...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...palate cleanser is that boyfriend whose quality is usually in some important way the opposite of the relationship that ended. So your husband was one of these demanding, angry type guys, and you got used to walking on eggshells. And amazingly, the next guy is really laid back. Or you had a sexually numb marriage and you haven't been in any kind of state of erotic awakening for longer than you can remember, and somewhere in there, your trainer starts to look good. It's someone who presents the aspect of the relationship that was an unmet need...

Author: /time Magazine | Title: Getting Naked Again — Dating After Divorce or Widowhood | 2/4/2009 | See Source »

...Edythe Broad Institute of MIT and Harvard laid off 24 of its MIT employees who handled genetic sequencing last Tuesday citing advances in genetic sequencing technology that have made those jobs obsolete...

Author: By Paul C. Mathis, CRIMSON STAFF WRITER | Title: Broad Institute Cuts Staff | 2/3/2009 | See Source »

Talking about it, though, is exactly what experts say you should be doing - including with your laid-off co-workers. People who lose their jobs often feel ostracized, which is partly a function of how the still-employed, going through internal turmoil of their own, treat them. "Most people say nothing, most people are afraid of you," says Damian Birkel, a career counselor and founder of the nonprofit Professionals in Transition, which provides services to the unemployed. "For someone to come in and offer any type of support during what is the most awkward and embarrassing time you're going...

Author: /time Magazine | Title: After Layoffs, There's Survivor's Guilt | 2/1/2009 | See Source »

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