With the holidays around the corner, New York Times publisher Arthur Sulzberger Jr. will start handing out pink slips to 21 Newspaper Guild members on Tuesday. The cuts come after the company fell short of its goal of cutting 100 newsroom jobs through from a combination of voluntary buyouts. With the just announced layoffs, the … Continue reading
The New York Times may be forced to lay off a number of editorial staff, including high-level editors, according to staff sources. The speculation around the newsroom, first reported by New York Magazine’s Joe Hagan and confirmed by POLITICO, is that managing editor John Geddes, assistant managing editor Jim Roberts, dining editor Susan Edgerley, former Washington editor Rick … Continue reading
Less than two months after protracted contract negotiations came to a close between the New York Times Company (NYSE: NYT) and the Newspaper Guild, the nation’s newspaper of record is looking to make some difficult cuts. Jill Abramson, executive editor of the Times, sent a letter to the paper’s staff requesting buyouts from 30 non-union … Continue reading
Both Dean Baker and Josh Bivens weigh in Robert Samuelson’s outburst at the New York Times for saying that the government can too create jobs. (He went so far as to call it “flat-earth” thinking). Sadly, Samuelson’s attitude is widely shared — even, at least rhetorically, by Barack Obama. So let me not focus on … Continue reading
Many pundits assert that the U.S. economy has big structural problems that will prevent any quick recovery. All the evidence, however, points to a simple lack of demand, which could and should be cured very quickly through a combination of fiscal and monetary stimulus. No, the real structural problem is in our political system, which … Continue reading
In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible – but things could be worse. And sure enough, many politicians are doing all they can to guarantee … Continue reading
Sony to Cut 326 EMI Publishing Jobs After Purchase Closes – Bloomberg Sony Corp. (6758) plans to cut 326 jobs at EMI Publishing within two years after U.S. and European regulators approve its $2.2 billion acquisition of the U.K. music company… Source: via Sony to Cut 326 EMI Publishing Jobs After Purchase Closes – Bloomberg. … Continue reading
The European Commission is expected to issue a ruling on Thursday in one of the music industry’s biggest deals in the past decade: Sony’s proposed $2.2 billion takeover of EMI Music Publishing. In public, Sony has said little about the deal, except to soothe fears that the combined company might dominate the lucrative publishing industry. … Continue reading
Perhaps no law in the past generation has drawn more praise than the drive to “end welfare as we know it,” which joined the late-’90s economic boom to send caseloads plunging, employment rates rising and officials of both parties hailing the virtues of tough love. But the distress of the last four years has added … Continue reading
Apple is Supporting 514,000 U.S. Jobs according to Apple itself. You can read the argument @ Apple. “Apple has made its first attempt to quantify how many American jobs can be credited to the sale of its iPads and other products, a group that includes the Apple engineers who design the devices and the drivers who … Continue reading
We tend to separate the 99 percent into “poor,” “working class,” and “middle class.” But those categories may be becoming obsolete. According to new numbers crunched by the Census Bureau and The New York Times, many of us—17 percent, according to the Times’ measure—are one paycheck away from economic disaster, making one in three Americans … Continue reading
The chart here offers one of the better recent snapshots of the American economy that you will find. The blue line shows the rate at which the government — federal, state and local — has been growing or shrinking. The red line shows the same for the private sector. Quarterly change at seasonally adjusted annual … Continue reading