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Employment consultant Martha Finney doesn't pull any punches when she talks about layoffs. "The very first thing we should all do is just cop to the fact that it could be us," she says. "If we're drawing a paycheck, we could be losing that paycheck. Period." Her new book, Rebound: A Proven Plan for Starting Over After Job Loss (FT Press) is intended for those who are nervous about their job security or find themselves on the unemployment line. With 3.6 million jobs lost since the recession began in December 2007, that's a lot of people. TIME...
...deal was reached. In 2005, the FAA mandated that all U.S. aircraft built after October 2009 meet the "16g rule" - seats must be built to withstand crash forces equivalent to 16 times the force of gravity (older seats were 9g compliant). Ironically, the long negotiation period and concerns among the airlines that the FAA would make requirements retroactive means that almost all major airlines in operation today already have 16g-compatible seats. (See pictures of the plane in the Hudson River...
...shrinking with frightening speed: Taiwan's exports in January plunged 44% from the same month a year earlier, while Singapore's fell 35% and South Korea's 33%. Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, the worst quarter on record. South Korea's GDP shrunk 3.4% in the fourth quarter, Singapore's fell 3.7% and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at brokerage CLSA in Hong Kong, predicts these dismal numbers will persist. He sees Singapore...
...wasn't broke, they weren't inclined to make extraordinary efforts to fix it. Now, it appears Asia's primary growth driver is, at the very least, badly bent. Meaningful reforms that diversify the sources of economic growth may be needed if the region is to avert a prolonged period of moribund economic activity...
...Lahore, Nawaz Sharif raised the political temperature with a fiery attack on Zardari. "The nation should rise against this unconstitutional decision and this villainous act of Zardari," he said, his face swollen with rage. In a sign that the country was returning to the politics of the 1990s - a period when four civilian governments collapsed in the span of a decade - the former Prime Minister resurrected accusations of corruption. "Where are those millions of dollars?" Sharif asked in reference to allegations that Zardari salted away the spoils of power during the two times his late wife was in office...