Word: tennesses
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...first is that not every enterprise can operate with half the number of people it had a year ago. In 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...
...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...
...sideways, perhaps for several years. That is what happened from 1965 to 1981.There were peaks and troughs during that stretch and clearly traders made money on those. But, it was a particularly poor period for long-term investors who wanted to buy and hold. (See pictures of the top ten scared traders...
...laboring as timber haulers. So what's a retired pachyderm to do but play a little polo? From March 23 to 29, the Anantara luxury resort in northern Thailand's Golden Triangle will host the annual King's Cup, a matchup in which elephants replace the more traditional horses. Ten teams fielding players from around a dozen countries will be competing trunk to trunk. In case you're wondering, the tournament is sanctioned by the World Elephant Polo Association, which set game regulations in 1982. (Two key rules: elephants are not allowed to lie down in front of the goal...
...Ten aid groups were told to suspend operations by Sunday, three days before the International Criminal Court issued an arrest warrant for al-Bashir on charges of war crimes and crimes against humanity in Darfur. Just hours after the arrest warrant was announced Wednesday, Sudan's Humanitarian Aid Commission told the groups that their registration was being revoked. (See pictures of Darfur descending into chaos...