Word: michigan
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...staff cuts saw, on average, an annual turnover rate of 13%, compared with 10.4% for firms with no layoffs. And it's not just any old employees walking out the door. "Often the best leaders leave," says Kim Cameron, a professor of management and organizations at the University of Michigan's Ross School of Business who studies layoffs. "They're the most marketable. They say, 'Why should I stand for this?'" (See pictures of TIME's Wall Street covers...
...University of Florida economist David Figlio found that boys with names commonly given to girls are likelier to be suspended from school. And an influential 1998 paper co-authored by psychologist Melvin (a challenging first name if there ever was one) Manis of the University of Michigan reported that "having an unusual name leads to unfavorable reactions in others, which then leads to unfavorable evaluations of the self...
...That line is shifting under the feet of countless Americans. In December, for the first time on record, unemployment rose in all 50 states and the District of Columbia. On Jan. 26, U.S. firms announced more than 70,000 layoffs, then came back the next day with thousands more. Michigan's jobless rate is in the double digits, and it may soon have company...
Mitchell Stephens, an author and professor of journalism at New York University, and Michael Traugott, a professor of communication studies at the University of Michigan, will also serve as fellows...
...weeks later and set to work drafting bills to help the state. On the to-do list: battle the effects of a plummeting economy, bolster schools and the small-business sector, shore up agriculture and deal with a host of environmental issues, from clean coal to protecting Lake Michigan. "Nothing's getting done," says state representative Patricia Bellock, a Republican who sat in on the monthlong process hearings that led to the trial. "Nothing...