Word: layoff
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...stream of blood and pink slips - and the threat it poses to consumer confidence and spending - finally drying up? The overall totals are still scary - 1.12 million layoff announcements is still 83 percent more than at this time last year, and 3.3 million people filing for continued unemployment claims is the most since this time in 1992, when there was a recession on. And they?re still rising - the four-week rolling claims average edged up to 398,000 this week from 394,500, and the unemployment number for August, due out Friday, is expected to tick up again...
...overtaken by Coulthard and teammate Irvine. As he tried to force himself back into contention at Stowe corner, his brakes failed and he plowed into a wall at more than 160 km/h. The impact broke the Ferrari's chassis and Schumacher's right leg. An enforced three-month layoff followed. (He was ordered back into the car for the last two races of the season after Ferrari boss Luca di Montezemolo phoned Schumacher's home and was told by his daughter Gina Maria that Daddy couldn't come to the phone because he was playing football in the back yard...
...shoppers will last long enough to come through for them this time around. Many stores are frantically deferring orders and paring offerings in anticipation of an even worse Christmas shopping season than last year - perhaps the weakest since, well, the last recession. "I think the full effect of these layoff announcements will take effect in the second half," PricewaterhouseCoopers senior retail economist Frank Badillo told the Wall Street Journal. Leaving the American consumer either too scared or too jobless to keep whistling past the graveyard and directly to the mall...
...reality, hide out, feel betrayed by fate. Consequently, many people stall like mad rather than get on with life, making crazy decisions they will later regret. As the CEO of Challenger, Gray & Christmas, a 39-year-old outplacement firm that has helped thousands of people find work after a layoff, let me tell you how most people respond--and what they need to do to find work...
...hinted at by the first quarter's negative productivity numbers - the first drop in that vaunted measure in six years - there are still plenty of costs to cut, and those are labor costs. And as common as layoff announcements are these days, plenty of fingered workers' salaries - or severance packages - are still on the books. Translation: There's likely worse to come...