Word: parks
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...Richard Dean Parsons was born April 4, 1948 in Brooklyn to Lorenzo Locklair Parsons and the former Isabelle Judd; he was one of five children. Parsons was raised in South Ozone Park, Queens, where he watched Fourth of July fireworks provided by the Gotti crime family and once nearly blew up a friend's house trying to make rocket fuel on the stove. His mother still lives in Queens, and he regularly escorts her to lunch...
...like to say that we're getting beachfront property at trailer-park prices," says A.J. Khubani, founder and CEO of TeleBrands, another popular purveyor of infomercialesque merchandise. He says his company is buying better time slots for nearly 25% less than it paid in 2007. Commercials for TeleBrands products, which include nail clippers for pets (PediPaws), now appear during The O'Reilly Factor, the most popular show on Fox News...
...third of Taiwanese companies are ordering employees to take unpaid leave as the global economic downturn worsens, according to a recent survey by Yes123, a Taiwanese employment website. Especially hard-hit is the Hsinchu Science and Industrial Park, Taiwan's version of Silicon Valley, where more than 90% of the world's notebook computers, motherboards and cable modems, to name a few leading products, are made. It's also where most U.S. companies turn to subcontract manufacturing of their high-tech goods. (See the worst business deals...
...park's reliance on the U.S., where consumer demand for electronics is plunging, means companies based there are suffering from unprecedented reductions in orders. Even the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Co. (TSMC), recently asked its 20,000 employees to take an extra day off every week for an indefinite period. The forced leave translates into pay cuts of at least 15%. But it avoids pink slips and allows TSMC to hang on to valuable staff. "This is a way that allows us to make the best of a bad situation," says TSMC spokesman Michael Kramer...
...That won't erase the uneasiness permeating the high-tech park. Some companies are cutting bonuses, which can amount to more than 40% of workers' pay; when reduced work hours are factored in, some employees are suffering pay cuts of up to 50%. And despite efforts to keep staff on payrolls, the number of layoffs at Hsinchu tripled last year, to 4,400, compared with layoffs in 2007. "Everyone's insecure about their future," says a saleswoman at United Microelectronics Corp. (UMC), who requested anonymity. "I came to Hsinchu 10 years ago for the money. Everyone felt this industry...