Word: personics
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...Hiring a new person in a strong downturn takes a certain amount of courage. At this point courage is being aided by the calculus of workforce filled with a huge number of people who are willing to work for much less than what they were paid in their former jobs and are often overqualified for most new positions they might find. Investment bankers actually do look for work as retail store clerks if they need the money enough. Unfortunately, no company in the retail industry will hire a soul until the next holiday season...
...many cases it is simply impractical. A factory that still has the number of orders a twelve-hour shift of twenty people produced cannot do that work with ten people. Someone from the company retires, gets ill, quits, or, saints preserve us, finds a better job somewhere else. That person has to be replaced and can probably be replaced for less pay than the person who left. The number of applicants for the job may be a hundred times what it was a year ago. The employer has the pick of a large and almost certainly qualified field...
...recession is still at a stage where for every person hired in the economy, ten may be fired. The liberating aspect of this is that companies now know that the markets for almost all goods and services will be down for a very long time. There are few illusions left that economic activity will be robust again in the second half...
...Homi K. Bhabha said in his opening remarks for “Witness,” an event organized by the Center, featuring Toni Morrison and Yo-Yo Ma. “Rather [artistic] interpretation is an act of empathetic intersession, a way of giving voice to another place, person, or period, and setting the stage in their interest.”Co-sponsored by the Office of the President and Provost, the W.E.B. Du Bois Institute for African and African American Research, the American Repertory Theatre, and the Office for the Arts at Harvard, “Witness?...
...Read TIME's profile of Sarah Palin, a 2008 Person of the Year Runner...