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LightSquared to Cut 45% of Jobs to Trim Costs – Bloomberg
Billionaire Philip Falcone’s LightSquared Inc. wireless venture is cutting 45 percent of its jobs, or about 149 positions, to preserve cash after its plan to start operating was rejected by U.S. regulators. Most of the affected employees are those hired in preparation for its high-speed wireless network expansion, Reston, Virginia-based LightSquared said today. The company … Continue reading
Jobs for the young – FT.com
With youth unemployment standing at a near-record 22 per cent in the UK, talk of a “lost generation” is growing ever louder. Policymakers are right to be concerned. Of course, the fact that the young are struggling to find work is largely a question of demand. The economic environment is making businesses wary of hiring … Continue reading
Cianbro Looking To Hire 150 Workers – WABI TV5
Cianbro announced they’re hiring 150 new workers. Officials for the construction company say they’re facing the largest backlog of projects in their 63 year history. The job openings are for all sorts of positions including journey level millwrights, pipewelders and pipefitters for Greater Bangor and Woodland. As well as for the spring outage season when … Continue reading
The Top Paying Jobs For An Electrician | Chronicles of PromoPays
Landing a job for an electrician is simple simply because of the shortage of electricians as a result of the high demand for these pros. Electricians are necessary in all fields like manufacturing, local governments, electric power companies, automobile sector and private contracting jobs as well. The shortage of electricians is due to the shifting … Continue reading
Sit ‘n Sleep hiring 50 veterans | veterans, sit, sleep – The Orange County Register
Sit ‘n Sleep, the mattress firm, is adding five stores in Southern California this year and plans to hire 50 veterans, the company said today. Larry “You’re killing me Larry” Miller, Sit ‘n Sleep’s chief executive, said the idea to hire vets came to him as he watched the wind-down of the wars in Iraq … Continue reading
VTB Capital’s hiring spree signals global intent | Reuters
VTB Capital continues its global expansion with a series of hires in its Middle East and Africa investment banking business. The Russian bank has taken on five people in Dubai from rival global firms including Credit Suisse, Deutsche Bank and UBS, IFR can reveal. The hires include James Williams as head of Middle East equity … Continue reading
Heather Wilson: LANL layoffs 400-800
On Tuesday Heather Wilson, Republican candidate for U.S. Senate, released a statement in response to a voluntary lay-off at Los Alamos National Labs. According to the release, 400-800 jobs will be lost at Los Alamos as a result of President Obama’s budget cuts. Wilson’s statement was sent before any official announcement was made by Los … Continue reading
Sterling Savings Bank lays off 6% of workers – Portland Business Journal
Sterling Financial Corp. has laid off 6 percent of its workers, or 160 people, the bank announced in a filing Friday with the U.S. Securities and Exchange Commission . The layoffs will save the bank around $15 million in annual payroll. The bank is not releasing information about the number of layoffs in specific … Continue reading
Long Beach Post: LBUSD Approves Layoff of Over 300 Employees
With more than $200 million cut since 2008 and counting, the closure of two schools, and more than 800 layoffs last year, the Board for the Long Beach Unified School District (LBUSD) unanimously passed a motion approving the layoff of over 308 employees in order to brace for the millions the district will lose following … Continue reading
Long Beach school board approves layoffs of 300 – Sacramento News – Local and Breaking Sacramento News | Sacramento Bee
The Long Beach school board has approved the layoffs of more than 300 employees, including the entire teaching staff of the Head Start preschool program, as part of proposed budget cuts. The Press-Telegram ( http://bit.ly/ypTARZ) says the school district is proposing the cuts in anticipation of a more than $189 million budget deficit by 2014. … Continue reading
Demographic Dividends, Dependencies And Economic Growth In China And India
The world‟s two population giants have undergone significant, and significantly different, demographic transitions since the 1950s. The demographic dividends associated with these transitions during the first three decades of this century are examined using a global economic model that incorporates full demographic behavior and measures of dependency that reflect the actual number of workers to … Continue reading
Is English or Mandarin the language of the future? – BBC News
English has been the dominant global language for a century, but is it the language of the future? If Mandarin Chinese is to challenge English globally, then it first has to conquer its own backyard, South East Asia. The assumption that Mandarin will grow with China’s economic rise may be flawed. Consider Japan which, after … Continue reading
Inequality and Redistribution during the Great Recession – Economic Policy Papers – Publications & Papers | The Federal Reserve Bank of Minneapolis
In this paper, we explore the impact of the Great Recession on economic inequality and redistribution in the United States. We analyze many sorts of inequality (in earnings, disposable income, consumption expenditures and wealth) for different sections of the economic distribution. Here we highlight three central findings. In 2010, the bottom 20 percent of the … Continue reading
China’s Slowdown – EconoMonitor
Yesterday I was on China Radio International (CRI) talking about the latest figures and trends for the Chinese economy: the drop in real estate, record bank profits, weak trade and PMI data, and persistent inflation. The overarching question was whether the perceived slowdown in China’s economy is real, and how worried we should be about … Continue reading
Just How Important Is Manufacturing? – Willy C. Shih – HBS Faculty – Harvard Business Review
Having a strong domestic manufacturing base is vital to the United States maintaining its world leadership in innovation. That is because advanced manufacturing provides an important institutional foundation for learning and developing process skills and capabilities that are increasingly intertwined with core R&D in some of the industries most important to the country’s economic future. … Continue reading
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