Keyword: jobloss
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On October 14, Lord Christopher Monckton, a noted climate change expert, gave a presentation at Bethel College in St. Paul, MN in which he issued a dire warning regarding the United Nations Climate Change Treaty which is scheduled to be signed in Copenhagen in December 2009. .. Video 4:11 min
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former Republican congressional budget chief called the Obama administration’s claims to fiscal responsibility “hypocritical” and “laughable,” noting in particular the mounting unemployment numbers (9.8 percent nationwide) despite the $787-billion stimulus plan enacted in February that he said was poorly designed.
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The Ugly Job Loss Chart Keeps Getting Uglier John Carney|Oct. 2, 2009, 5:10 PM | 1,538 |9 Catherine Rampell at Economix has updated this miserable chart, showing job losses in this recession compared to recent ones (expressed as a percentage of peak employment). The dark blue line that just keeps heading down represents current recession. Since the official start of the recession in December 2007, the economy has had a net loss of about 5.2 percent of its nonfarm payroll jobs. The horizontal axis measures the number of months since the recession started. The vertical axis measures the share of...
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"The level of unemployment is unacceptably high. And will, by all forecasts, remain unacceptably high for a number of years." Who do you suppose said that? A Republican political operative? A Fox News political analyst? One of those several hundred thousand Tea Partiers who assembled in Washington on Sept. 12? No, it was Lawrence Summers, the director of Barack Obama's National Economic Council and, by common consent, one of the world's leading economists Summers made this gloomy forecast in the course of arguing that our economy is headed to "sustained recovery." And while it sounds like self-protective political rhetoric, it...
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A freeze in consumer spending, abysmal same-store sales, and a swath of retail bankruptcies have taken a serious toll on your local mall. Nationwide, mall vacancy rates hover at 8.4%, their highest level since commercial real estate research firm REIS started collecting the data almost a decade ago. To keep their storefronts full, mall operators are starting to get creative when it comes to their definition of a tenant.
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Do We Really Need A Green Job Czar? The Spanish government's renewable energy initiatives have destroyed 2.2 jobs for every new "green" job created, concludes a new study by economics professor Gabriel Calzada of King Juan Carlos University in Madrid. Calzada says American jobs will suffer the same fate if the United States similarly attempts to promote renewable energy at the expense of conventional energy sources.
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Childhood Obesity Report Calls For Government Regulations to Limit Access to ‘Unhealthy’ Restaurant Chains Wednesday, September 02, 2009 By Penny Starr, Senior Staff Writer (CNSNews.com) - A newly released report by the Institute for Medicine and the National Research Council details strategies for local governments to combat what it calls an epidemic of childhood obesity, including enacting zoning and land-use regulations that would “restrict fast food establishments near school grounds and public playgrounds.” The report, “Local Government Actions to Prevent Childhood Obesity,” was compiled by the Committee on Childhood Obesity Prevention Actions for Local Governments, a committee of health care...
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Climate Change: Channeling King Canute, G-8 leaders agree to wreck the world's economy, and ours, by pledging to prevent temperatures from rising more than 4 degrees by 2050. What if the Earth has other plans?Canute was the legendary king whose sycophantic followers praised his power and wisdom. He was The One of his time. He once stood on the shore and commanded the waves to halt. As the story goes, he was exercising his ego when in fact he was giving his followers a dose of reality — the power of man over nature is finite and inconsequential. We were...
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The KEY sentence, of this Story is... "The new equipment requires fewer people to operate, making it more cost-effective in the long run, TSA officials say."
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I'll start. I lost my job as a controls engineer when the factory I worked at cut production by about 70%. Luckily I had another job within a couple of weeks. Date of loss: 3/31/09 New job: 4/27/09
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Computer and printer maker Hewlett-Packard Co. will cut 2 percent of its employees, about 6,400 people, to save money.
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The economic crisis, which has claimed more than 5 million jobs since the recession began, did not strike the entire country at once. A map of employment gains or losses by county tells the story of how those job losses first struck in the most vulnerable regions and then spread rapidly to the rest of the country. As early as August 2007, for example—several months before the recession officially began—jobs were already on the decline in southwest Florida; Orange County, Calif.; much of New Jersey; and Detroit, while other areas of the country remained on the uptick. Using the Labor...
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Check here every day for new additions http://geo.craigslist.org/ http://www.monster.com/ http://www.indeed.com/ http://hotjobs.yahoo.com/ http://www.careerbuilder.com/ http://www.dice.com/ http://www.jobbankusa.com/ http://www.vault.com/ http://www.job.com/
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As our economy experiences one of its most dramatic downturns in decades, the American worker is bearing much of the pain. According to the United States Bureau of Labor Statistics, 4.1 million people joined the ranks of the unemployed in the last year. That brought the national unemployment rate up to 7.6 percent -- and of course that number is much higher in many parts of the country. If you're one of the people who has lost their job --or whose job is in jeopardy -- the key is to take action. Here are some things you can do to...
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Today, the United States is expected to formally approve a new "open skies" aviation trade deal with the European Union (EU). The Bush administration has failed to satisfy congressional critics who question the pact's impact on long-standing law and policy limiting foreign control of our airlines. And aviation workers are deeply concerned that this agreement is a down payment on a broader Bush administration strategy to allow foreign control of our airlines and decision making that threatens thousands of American jobs. This is not hyperbole. Led by Transportation Committee Chairman Rep. James Oberstar, key House members in both parties wrote...
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Bob Casey aired an ad today that states that in the last five years, Pennsylvania lost 180,000 jobs. http://www.bobcasey.com/multimedia/video/14.aspx But hey, Ed Rendell says that in the last four years, he's added 133,000 jobs. http://rendellforgovernor.com/pdfs/econdev.pdf Either someone is lying, or someone is incredibly stupid.
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Everybody looks for a scapegoat. You would think that Americans who have lost jobs in the past year or so would be more likely to want to blame ...well, China. Everything else that goes on is blamed on China, right? But that is not the case. 52% of the general public thinks that severe job loss is due to China. Only 4% more of those who lost jobs this past year blame it on China. (56%) 33% of the public thinks moderate job loss is due to China. Compare to that 27% of those who lost jobs last year who...
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HUGE TRADE DEFICITS AND LOSS OF MANUFACTURING JOBS GO HAND IN HAND Danielle DiMartino has another excellent column in today’s News entitled "Trade deficit pressures our economy." Click here (registration required). What I found particularly interesting was her quotes from Dallasite Richard Fisher in a speech he gave this week. Fisher is the Dallas Federal Reserve President and former Democratic candidate for the U.S. Senate in Texas. Here is what Fisher had to say about our trade deficit:
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No Fidelity to Hub: Up to 1,500 employees to exitBy Scott Van Voorhis and Jay Fitzgerald Friday, January 6, 2006 - Updated: 12:14 AM EST The Hub’s battered job base buckled yesterday, with Fidelity Investments confirming plans to export jobs to Rhode Island in a move that could pull as many as 1,500 workers out of downtown Boston. The move by one of Boston’s oldest and largest employers, first reported in yesterday’s Herald, will eventually send 800 workers to a new building in the works on Fidelity’s growing, Smithfield, R.I., campus. In the meantime, 400 of those workers...
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Detroit, Michigan — Massive job cuts at General Motors, America's largest carmaker — coupled with the bankruptcy of Delphi, America's biggest autoparts maker — have provoked predictable handwringing from liberal pundits who worry that America is "losing its manufacturing base." But the wrenching change now buffeting the auto industry defies the usual press formulas. Just listen to Steve Miller a turnaround specialist who is steering Delphi's restructuring process. He exploded the myth of America's "endangered" union manufacturing jobs at his October press conference announcing Delphi's move into Chapter 11: "We cannot continue to pay $65 an hour for someone to...
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Concerned over the critical shortage of math and science faculty in the United States, global IT major IBM has announced a programme that encourages employees to take up the teaching profession. The world's largest Information Technology company said on Friday that it would reimburse participants in its new transition to teaching programme up to $15,000 for tuition and stipends. Participants will also be able to remain at IBM while they conduct course work and training, the company said. "Many of our experienced employees have math and science backgrounds and have made it clear that when they are ready to leave...
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Calcutta's famous hand-pulled rickshaws will soon be banned, according to the chief minister of the Indian state of West Bengal. The rickshaws had long been considered "inhuman" and did not exist anywhere else, Buddhadev Bhattacharya said. The rickshaw, immortalised as a living symbol of Calcutta in films such as City of Joy, will be phased out in four to five months. The hand-pulled rickshaw came from China in the 19th century. Mr Bhattacharya said: "We have taken a policy decision to take the hand-drawn rickshaw off the roads of Calcutta on humanitarian grounds. "Nowhere else in the world does this...
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Excerpts: BANGALORE, India, Aug. 9 - This summer, Omar Maldonado and Erik Simonsen, both students at the Leonard N. Stern School of Business at New York University, did something different. ...most from master of business administration programs, are vying for internships at India's biggest private companies. For many, outsourcing companies are the destinations of choice. ...but the sophistication of the work being done in Copal's Gurgaon office contrasts with the chaotic city outside. Mr. Simonsen said he was amazed. "I came expecting to see number-crunching and spreadsheet type of work; I didn't expect American banks to farm out intricate analytics,"...
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WASHINGTON – Over 1 million jobs would be lost over the next fifteen years under the proposed McCain-Lieberman carbon cap proposal according to a study sponsored by United for Jobs and the American Council for Capital Formation that was released today. The new study assessed the economic cost of the updated language in the McCain-Lieberman legislation and showed that 1,306,000 jobs would be lost by 2020 under the McCain-Lieberman emission cap proposal. Among the key findings of the study: • $810 annual costs to households once fully implemented; • Gasoline increases of up to 55 cents per gallon; • 20%...
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The Congressional Hispanic Caucus (CHC) voted 14-1 Tuesday night to oppose the Central America Free Trade Agreement (CAFTA), with four Texans abstaining and one voting against the position. The four who abstained — Democratic Reps. Charles Gonzalez, Ruben Hinojosa, Solomon Ortiz and Silvestre Reyes — are all publicly undecided about the sweeping trade agreement, but pro-CAFTA forces have said they believe they have secured the support of Ortiz and Reyes. keri rasmussen Rep. Charles Gonzalez was one of four Texas Democrats to abstain. The CHC will circulate its opposition statement this morning and make it public later in the afternoon,...
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SALEM -- The Sept. 11 terrorist attacks and the nation's renewed interest in border security have caused the debate over immigration to spill out of Congress and into Oregon's Capitol. Although immigration policy is largely a federal responsibility, the Legislature is considering several bills intended to crack down on people who are in the country illegally. They include making it tougher for immigrants -- some say even legal ones -- to get a driver's license, register to vote or secure a pay raise. Oregon lawmakers are "much more open" to talking about immigration issues than they used to be, says...
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WASHINGTON - National Guardsmen Charles Goodreau, Benito Colon and Michael McLaughlin are fighting not Iraqi insurgents but their employers. They join the growing ranks of part-time warriors who lost jobs or say they were discriminated against when they returned from military service. During the past three years, more than 4,400 service members have filed complaints with the Labor Department charging employers have fired, demoted or discriminated against them - possible violations of the 11-year-old Uniformed Services Employment and Re-employment Rights Act. Such complaints have risen 62 percent since the Sept 11 attacks, as the Pentagon mobilized 483,000 part-time troops -...
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For decades economists have insisted that the U.S. wins from globalization. Now they're not so sure But the bulk of this work is labor-intensive and lower skilled and can be done more efficiently by countries that have an abundance of less-educated workers. in the long run a more disruptive trend may be the fast-rising tide of white-collar jobs shifting to cheap-labor countries. "...nobody has a clue about what the numbers are," says Robert C. Feenstra, [UC-Davis] -- competition is coming on in the products such as software. If the new competition drives down prices too much, U.S. export earnings will...
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Bright light of Elmwood darkens with parting shot at government About 8:45 a.m. Monday, just moments before he officially closed Jimmy Mac's, owner Richard E. Naylon Jr. turned to his wife, Michele, and said, "I feel like I'm about to euthanize an old friend." Fifteen minutes later, Naylon pulled the plug and began calling his 35 full-time employees, thus ending the 23-year run of Jimmy Mac's, a popular watering hole at Elmwood Avenue and Anderson Place. During its lifetime, Jimmy Mac's became a symbol of Elmwood prosperity, stretching the reach of the trendy strip farther south, below West Delavan Avenue...
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Tata Coffee Ltd said on Monday it would supply premium coffee beans to Starbucks, the American coffee retail chain. This is the first time Starbucks, the world's largest and leading coffee chain with over 8,500 retail outlets around the world, has decided to source coffee beans from India, Tata Coffee managing director Hamid Ashraff told reporters in Bangalore. He said, Tata Coffee, the largest integrated coffee company in Asia, is the only producer company to be chosen by Starbucks. Starbucks would buy coffee beans at a 40 per cent price premium from Tata Coffee, it said.
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A report that set off alarms nationwide when it said Missouri lost 51,800 jobs from June to July is being revised by the U.S. Labor Department because of inaccuracies. The statewide report, released last month, said Missouri lost more than twice as many jobs as any other state. < snip > The day the report was released, a Labor Department economist said it was misleading. Now, the agency says Missouri made an error when it failed to include teachers on summer vacation among the employed, as Labor Department policy states. < snip > The report seemed especially odd, given the...
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The flight of high-technology jobs to low-wage countries like India has recently become a contentious issue in the West, but "outsourcing" of a different kind has been going on for years without controversy and without affecting livelihoods. Roman Catholic priests in India regularly conduct Catholic rituals for people in the West. At hundreds of churches that dot the Southern Indian state of Kerala, Roman Catholic priests offer masses for the dead and give thanks for believers thousands of miles away in Europe and the United States. Church officials say foreign bishops have been forwarding requests for prayers to Indian clergymen...
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The anti-outsourcing campaign in the US has started working in favour of Indian business process outsourcing outfits as it has substantially increased awareness amongst US corporates about the benefits of offshoring. A report under preparation by New York-based market research firm Evalueserve, BPO to KPO - Business Process Outsourcing to Knowledge Process Outsourcing, has estimated that the Indian BPO companies have received free advertising worth about $89 million because of the anti-outsourcing campaign. The report is likely to be released in July. Outsourcing and India: Complete Coverage(see link below) http://www.rediff.com/money/bpo.htm Confirming the trend, more than one BPO company told Business...
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NEW YORK - I was just out in Silicon Valley, checking in with high-tech entrepreneurs about the state of their business. I wouldn't say they were universally gloomy, but I did detect something I hadn't detected before: a real undertow of concern that America is losing its competitive edge vis-à-vis China, India, Japan and other Asian tigers, and that the Bush team is deaf, dumb and blind to this situation. Several executives explained to me that they were opening new plants in Asia - not because of cheaper labor. Labor is a small component now in an automated high-tech manufacturing...
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Outgoing Kohler president sees China as threat to industry By RICK BARRETTrbarrett@journalsentinel.com Posted: April 7, 2004 Having already survived an onslaught of foreign competition, Wisconsin's small-engine industry faces its next threat in China, Richard Shoemaker says. Wednesday, Shoemaker, 59, said he's leaving his job as president of Kohler Engines Co. to pursue other opportunities. He has been with the company for 17 years and president since 2000. Small engines are big business in Wisconsin, which has three of the industry's biggest companies: Kohler Engines, Briggs & Stratton Corp. and Tecumseh Products Co. Together, the threesome produce millions of engines used...
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BANGALORE, India — On the main road outside the Electronics City industrial park, the scene is classic Third World chaos. Motor scooters, auto rickshaws, people and animals throng the street beneath a midmorning sun. As drivers hammer their horns, a wayward cow noses through a pile of roadside garbage. This is familiar, impoverished, old India. But leave the main road and you enter a new India, one where the lawns are manicured and the only noise is the chirp of a cell phone or the soft whir of a laptop computer. This is the home of Infosys, a fast-growing technology...
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The Midwest should expect more production shifts like those that have seen thousands of jobs leave Tower Automotive's Milwaukee factory in recent years, a survey of auto-parts suppliers shows. To meet customers' demands for price cuts, North American and Western European auto-parts companies will close plants and move as much as 20% of production revenue to lower-cost regions by 2010, the survey by Roland Berger LLC found. Eastern Europe and China will largely benefit as manufacturers move factories to areas where hourly pay is a tenth of the rate in countries such as Germany. General Motors Corp., Ford Motor Co.,...
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Up to 14 million jobs … are at risk of being shipped overseas, two UC Berkeley economists said Wednesday in a research report.— Contra Costa Times October 30, 2003“We’re trying to move everything we can offshore,” HP [Hewlett-Packard] Services chief Ann Livermore told Wall Street analysts at a meeting Wednesday.— Forbes, December 5, 2002 But as the US economy has slowly shifted toward service jobs, factory jobs have been steadily lost — in fact, in just the past 39 months, some 2.8 million have vanished.— Christian Science Monitor December 11, 2003 Will America be a Third World country in...
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Management guru Peter Drucker has said India is becoming an economic powerhouse very fast and its progress is far more impressive than that of China. In an interview to the Fortune magazine, he said, "India is becoming a powerhouse very fast. The medical school in New Delhi is now perhaps the best in the world. And the technical graduates of the Institute of Technology in Bangalore are as good as any in the world." Also, India has 150 million people for whom English is their main language. So India is indeed becoming a knowledge centre, the 94-year-old management thinker said....
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<p>When U.S. Army Maj. Joe Cherry left his federal job at the National Labor Relations Board in Chicago because he was called up to fight the war in Iraq he received an unexpected going-away present. The major wouldn't have to worry whether his government job would be there when he returned - the federal government made that decision for him, firing him on the spot.</p>
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One Reporter's Opinion : ... and NAFTA-wards? George Putnam Friday, Dec. 12, 2003 It is this reporter's opinion that we should have listened to Sir James Goldsmith, former member of the British Parliament and internationally recognized economist, when he warned us of the North American Free Trade Agreement, better known as NAFTA, and the New World Order. Sir James, speaking before our own Senate Commerce Committee hearings on Nov. 15, 1994, stated that NAFTA, GATT and the New World Order were "the most destructive proposal presented to the American people." He based his statement on the experience of Europe: loss...
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Jubak's JournalThe threat of the job-is-worth-less recoveryYes, jobs are finally being created, but U.S. workers will find their incomes increasingly pressured by lower wages, higher benefit fees and global competition. That’s good for your boss but could hurt the markets. By Jim Jubak Okay, it’s not a jobless recovery. It’s the job-is-worth-less recovery. The economic recovery we’ve anticipated for so long is here. Forecasters think the data will show the economy grew by 6.1% -- some say as much as 6.5% -- in the three months that ended Sept. 30. And the jobless recovery doesn’t look jobless after all. Payrolls...
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So what's going on these days in the world of offshoring and foreign outsourcing? * The latest to sound warnings about the dangers of sending technology-based jobs offshore is Intel Corp. Chairman Andrew Grove. Speaking to a conference last week, Grove said the software and information-technology industries are going the way of the steel and semiconductor industries. But at least one reader responded with "gee Andy, now you tell us," noting that Intel has been among the more aggressive American companies in shifting work abroad. * But why wander so far afield for an explanation of whether this stuff matters?...
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Maine suffers highest job loss at 22.1 percent By MATT WICKENHEISER, Portland Press Herald Writer Copyright © 2003 Blethen Maine Newspapers Inc. Maine lost a greater percentage of its manufacturing jobs than any other state over the last three years, according to a recent report from the National Association of Manufacturers. Economists blamed Maine's woes on an older manufacturing base, as well as a large number of mergers that moved corporate ownership out of state. Both fueled the move of jobs offshore. From July 2000 until August 2003, Maine dropped 17,800 manufacturing jobs, or 22.1 percent. The U.S. lost 2.73...
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An earlier column questioned recent allegations that U.S. manufacturing has suffered a long-term secular decline rather than a routine but painful cyclical recession. I received a number of critical comments, some from online bulletin boards. Many misunderstood the distinction just mentioned, between secular and cyclical trends, and nearly all the critics misunderstood the statistics. I am certainly not claiming that all manufacturing industries are now flourishing in every state. On the contrary, industrial production in August was barely 1 percent above the cyclical trough in December of 2001. But suffering for a few years during and after a recession is...
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Government goes overseas Jobs contracted in foreign countries to save money By Stella M. Hopkins Knight Ridder Nationwide and in the Carolinas, food-stamp recipients rely on customer service centers in India - a little-known but widespread government use of a controversial cost-cutting tactic. Government agencies, squeezed by tight budgets, are following a growing business trend of using less expensive foreign workers. In 40 states and Washington, people collecting food stamps use foreign help desks, according to a survey by The Charlotte Observer. But help desks are just part of the overseas move. For example, programmers in India are helping revamp...
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Senate approves extension of unemployment benefits Associated Press (Lansing, August 13, 2003, 6:55 p.m.) The Senate on Wednesday approved a bill that will grant an additional 13 weeks of unemployment benefits to jobless workers. State officials said about 53,000 jobless workers will qualify for the extended benefits at a total cost of about $206 million. Jobless workers will be eligible for weekly checks of up to $362. The bill was passed on a 38-0 vote with little debate. It already passed the House, and now goes to Governor Jennifer Granholm for her signature. Granholm has said she supports the bill....
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Friends and countrymen, please lend me yer ears. This is an emergency... I'm here in Italy engaged in a somewhat gentlemanly debate about jobs syphoned off to India. I mentioned N.M. Workmen Comp being outsourced to that forsaken land, and now I am being challeged to produce evidence. Understand this is not a group of beer-hall buddies. Quite a few are academicians and bankers and investment advisors. I'll be in shame unless I can respond with honor. Help...Sarge....
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Mass Exodus By Ilene Olson Published in the Wyoming Tribune-Eagle CHEYENNE – Trenton Hogg is one of 340 people from the Central High class of 1988 who was able to find the job he wanted in Cheyenne. Though Hogg chose to attend college at Colorado State University in Fort Collins, Colo., he wanted to come back to Cheyenne to start his career. He is now a real estate agent with #1 Properties. Many of his classmates weren’t able to do the same. “A lot of my friends have left,” he said. “The majority of my friends went to the University...
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LEWISBURG -- Keith Bills doesn't understand it. For 10 years, the 43-year-old worked at a Carrier Corp. heating and air conditioning plant, operated by International Comfort Products, and the plant stayed on schedule and made money. Still, the company Thursday shut down the plant and the last of its 2,070 production jobs -- many filled by Bedford County residents -- that made it this town's largest employer. The story is a common one across Tennessee. As of mid-December, 23,903 people lost their jobs in 2002 after companies shut plants or laid off workers, according to the state Labor Department. That...
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