Word: massing
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When the ax isn't enough, out comes the scalpel. Having laid off tens of thousands of workers, corporations and small businesses are looking for new fat to trim. In September, 2,269 companies had mass layoffs, according to Sirota Survey Intelligence, each affecting 50 or more employees. But many companies are still bleeding cash and desperately searching for novel ways to eke out savings...
...slashing health-care costs by cutting employees loose, companies have steadily boosted the share of premiums borne by workers. Twenty years ago, 60% to 70% of companies paid health-insurance costs in full, says Jim Edholm, president of Business Benefits Insurance Inc., a benefits-consulting firm based in Andover, Mass. Today costs are fully covered by less than 10% of companies. Having already passed those bills along to staff, employers are looking for other benefits to slash...
...bankers to come up with more collateral as the value of their holdings falls, forcing managers to sell more shares to raise more cash. It's a vicious circle: funds are rushing to sell the same illiquid securities, driving stock prices down and triggering new waves of selling. This mass deleveraging by the industry has been cited as one of the causes of recent record volatility in world markets...
...actually won by Bush. To cite the phrase that he himself found so difficult to utter: Fooled us once, shame on them. But the second time around, shame on us. W. should be required viewing in every political-science class in the country. Linda Calcagno Melchione, Easton, Mass...
...ensure they are making progress in their courses and to recommend additional resources. "I get to know each of my students much better than I did when I lectured to them once a week in class," says Alisa Izumi, a business professor at WGU who lives in Granby, Mass., and used to teach at the University of Massachusetts at Amherst...