Word: peoria
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...even as his shows have shrunk, Sondheim casts a long shadow, making it difficult for potential "new Sondheims" to grow. At the same time, globalization has boosted the McMusical: crowd-pleasing, corporate-franchised extravaganzas like The Lion King, which play seamlessly from Peking to Peoria. Sondheim, with his precise relationship with the English language, doesn't travel so well, with the exception of West Side Story and Sweeney Todd. "Amateur companies tell me that when they're doing a Sondheim, that's often the hardest of them to sell," says Lynne Chapman, of the U.K.-based Stephen Sondheim Society. "When...
...support the President's agenda. What matters is that he dumped the President. He was picked to be the next Commerce Secretary, he accepted the appointment, and then he walked away - breaking the news, as it turned out, at the very moment Obama was appearing at an event in Peoria, Ill., to build support for his $789 billion stimulus plan being hammered out by Congress. In this town, the President, especially one with a 63% approval rating just three weeks into office, is not supposed to get dumped. (See who's who in Obama's White House...
Until then, Peoria seemed to have been coping with the recession. The region's unemployment rate had risen only modestly, from 4.5% to 6.2%, between November 2007 and November 2008. Home sales had fallen slightly, but far less than the state's average. So news of Caterpillar's crisis landed with a painful thud in the city of roughly 113,000, which counts the company as its largest employer. Caterpillar hasn't disclosed how many of its displaced workers live in this region, but about one-quarter of its global workforce is based in Illinois, mostly around Peoria. As light...
...Caterpillar Inc., his employer of 35 years and one of the world's leading purveyors of construction equipment, announced it would shed some 20,000 jobs - nearly one-fifth of its global workforce. The announcement just made things official: the bulk of that astonishing figure is already off the Peoria company's books, including some 2,500 management-level personnel who accepted buyouts in recent weeks and 8,000 people who worked on contract or through agencies as custodians, engineers and information technologists. Temporary layoffs and plant closures are expected in the coming weeks, and more cuts are likely...
...Many in Peoria are preparing for the worst. Pierre Serafin, co-owner of UFS, a discount store here, says customer foot traffic has remained steady, although average sales are down 10% from a year ago. Because fewer people are buying homes, there's less of a need for appliances. The handful of folks buying refrigerators are trading down from stainless steel to the less expensive "stainless mist," which, Serafin says, "looks almost like stainless steel...