No job, no money, you're f***ed

[čekmeže]

Dinkić najavljuje otpuštanje 8 hiljada zaposlenih iz državnog sektora. što je 10 posto zaposlenih.Pritom izjavljuje da prema nekoj analizi 30 posto, ej 30 posto njih ništa ne radi. To je 24000 ljudi. Pa puta recimo 400 evra plata pa puta 12 meseci...

[cedo]

Evidence piling up that worst of recession is overLosses averaged 700,000 a month in the first quarter but dropped to 539,000 in April, according to Friday's Labor Department report. They should average around 500,000 in the current quarter and taper off to 250,000 a month in the final quarter of the year, according to some projections.That's probably cold comfort to Tara Barrone, 28, of McLean, Va., who was checking out job prospects at the Secret Service at a career fair Friday."Government jobs are popular because of the sense of stability," she said. "I know I'm looking for a sense of security and permanency after being laid off twice in the last year." The lines at the Secret Service booth were much longer than at other recruiters.Federal Reserve Chairman Ben Bernanke earlier this week gave his most optimistic prediction yet about the end of the recession. He said he expects the economy to start growing again this year -- though the comeback could be weak and more jobs will disappear even after a recovery takes hold.A burst of hiring by the federal government to prepare for the 2010 Census played a big role in the April improvement. Smaller payrolls cuts at construction companies, factories, retailers and financial services also factored in.The unemployment rate, however, climbed to 8.9 percent, the highest since late 1983. It will probably keep rising the rest of the year, even if monthly job losses continue to slow. Companies won't spring into hiring mode until they feel confident that an economic recovery is firmly rooted.The Fed says unemployment will remain elevated into 2011. Economists say the job market may not get back to normal -- meaning a 5 percent unemployment rate -- until 2013.If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate in April would have been 15.8 percent, the highest in records dating back to 1994. The total number of unemployed now stands at 13.7 million.Still, a string of reports out this week suggested the recession is finally starting to lose its bite and the economy is stabilizing.-- The number of newly laid-off workers filing applications for jobless benefits plunged to the lowest level in 14 weeks.-- Sales at many retailers fared better in April, with Wal-Mart Stores Inc. leading the way.-- Construction spending rose in March, the first increase after five straight months of declines. An index of pending home sales also ticked up.-- The U.S. services sector contracted in April at a slower pace than the prior month.-- Government exams of the nation's biggest banks helped lift a cloud of uncertainty that has hung over the economy.Those "stress test" results -- a key administration effort to boost confidence in the financial system -- showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Ten must raise a total of $75 billion in new capital to withstand possible future losses.Taken altogether, the recent news provides "very clear signs that we are making progress toward reaching a bottom, which is the first step you need to accomplish before you can achieve a turnaround," said Ken Mayland, president of ClearView Economics. "A recovery is now in sight."However, the housing, credit and financial crises -- the worst since the 1930s -- have racked up a lot of damage, and it could take years to get back to normal.Since the recession began in December 2007, the economy has lost a net total of 5.7 million jobs. The 741,000 lost in January were the most since the fall of 1949.Job cuts have continued this week. Steelmaker Severstal International said it's idling plants in West Virginia and Ohio, resulting in 3,100 layoffs. Microsoft Corp. said it was starting thousands of the 5,000 job cuts it announced earlier this year and left the door open to even more.As the recession eats into sales and profits, companies have turned to other cost-cutting measures, too. Those including holding down workers' hours and freezing or cutting pay.The average work week in April stayed at 33.2 hours, matching the record low set in March. And workers' wages barely budged, meaning consumers will probably stay somewhat cautious in the months ahead. Average hourly earnings nudged up to $18.51, a 0.1 percent rise.Slower job losses across a number of industries -- along with 66,000 more federal jobs -- helped to temper the overall payroll reductions in April. The pickup in federal employment was mainly due to the hiring of 63,000 temporary Census workers.By fall, the Census Bureau expects to have hired 1.4 million workers. Stephen L. Buckner, a Census Bureau spokesman, said turnover and finding qualified applicants haven't been a problem, "with the economy the way that it is."Labor Secretary Hilda Solis, wouldn't speculate on the future pace of layoffs but warned that some of the jobs lost "may not come back." She urged jobseekers to get training and education to be contenders for work in growing industries, such as health care, which added nearly 17,000 jobs in April.Obama asked states and colleges to help jobless people pursue education and training without losing their unemployment benefits. States generally require people who collect unemployment to be actively looking for work, which can make it difficult to sign up for school or job training. Under Obama's plan, going to school would satisfy the requirement that they were seeking new employment."We're still in the midst of a recession that was years in the making and will be months or even years in the unmaking," Obama said. But he added: "Step by step, we are making progress." Edited May 13, 2009 by cedo

[Gandalf]

Now wait for May and especially June numbers, when 2 million new college grads can't find steady work.http://zerohedge.blogspot.com/2009/05/real...f-lies-and.html

Edited May 13, 2009 by Gandalf

[cedo]

GM ready to file for bankruptcyCar giant General Motors is expected to file for bankruptcy protection later on Monday, marking the biggest failure of an industrial company in US history.

The stricken firm had until 1 June to present a viable revival plan in return for emergency government funding. Reports say a majority of bondholders have now agreed to a deal giving them at least a 10% stake in what is likely to emerge as a much smaller company. President Barack Obama is due to give full details at a news conference. The BBC's Jonathan Beale, in Detroit, says Mr Obama is expected to announce $30bn (?18.5bn) in new funding for GM. GM's sales have been hit hard by the financial crisis and the firm has received $20bn in state aid. In return for more cash the federal government is reported to be receiving a stake of 60% in a new, leaner company due to be re-launched within 90 days. Senior executives at General Motors have been making final preparations for completely restructuring what was once the world's largest car company, under judicial supervision. A Chapter 11 bankruptcy filing by GM would rank as the third largest bankruptcy in US history following Lehman Brothers' collapse and the failure of telecoms giant WorldCom. European dealThe restructuring is likely to drastically change General Motors, with some 20,000 workers thought likely to lose their jobs.Our correspondent says long-established subsidiaries Pontiac, Saturn and Hummer, as well as Saab, the remaining GM brand in Europe, are under threat as production plants are expected to close across the country. GM's European arm is likely to be spared bankruptcy following a proposed deal by Canadian car parts maker Magna International to buy GM Europe's Vauxhall and Opel brands. However, unions fear that jobs may be lost at Vauxhall plants in Luton and Ellesmere Port, which employ 5,500 people. UK Business Secretary Lord Mandelson said he had received further assurance from GM Europe that Vauxhall production would remain in the UK. Jobs may also go in Belgium, Poland and Spain. GM, once the largest company in the world, has been losing market share since the early 1980s.It has been driven to bankruptcy because of high production costs and by the collapse in credit markets and consumer spending. It made losses of $30bn last year. GM was also slow to move away from producing gas-guzzling SUVs when consumers were looking for more fuel-efficient vehicles. Toyota sold more vehicles than GM in 2008, putting an end to the American company's 77-year reign as the world's biggest carmaker. 'Deal struck'Crunch talks on Sunday aimed at thrashing out a deal with bondholders and creditors ended with reports of an agreement which correspondents say will ease the restructuring of the Detroit auto giant.Elliot Sloane, spokesman for an ad hoc bondholders committee, said investors representing about 54 percent of GM's bonds had agreed to exchange their unsecured bonds for a 10% stake in a newly restructured company, the Associated Press news agency reported. But it is still possible that dissident bondholders may mount legal challenges in the bankruptcy court. Meanwhile, a US bankruptcy court judge in New York has approved the sale of fellow US carmaker Chrysler to a consortium including Italy's Fiat. The move, which is backed by both the US and Canadian governments, should enable the carmaker to exit bankruptcy protection in the near future. Under the terms of the deal, Fiat will control 20% of Chrysler, while 68% will be owned by a union trust, and the two governments will share 12%.

Edited June 1, 2009 by cedo

[hazard]

GM enters bankruptcy protectionCar giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.The widely expected move comes after GM had seen its losses widen following a steep fall in sales in recent years.The move into bankruptcy protection has been backed by the US government, which is now expected to take a 60% stake in the company.The White House is also going to put another $30bn (?18.5bn) into GM.President Barack Obama described the move as "tough" but said it was "also fair" and added it would "give this iconic American company a chance to rise again".He said that the US government, which will own 60% of the carmaker, would be a "reluctant shareholder" and that he had no interest in running it.As part of the plan, President Obama said that the share of GM cars sold in the US that had been made in the US would rise for the first time in 30 years. http://news.bbc.co.uk/2/hi/business/8077255.stm

[ObiW]

GM enters bankruptcy protection

In rilejtid njuz, Kinezi kupili Hamer. Mogu za zamilsim na sta ce to da lici, em generalno numeju da voze, em ce da voze kola velicine Shermana u vreme iskrcavanja na Normandiju.

[cedo]

Euro unemployment at decade highUnemployment in the 16 countries using the euro increased in April to its highest level in nearly ten years, official data has shown.

The unemployment rate in the eurozone rose to 9.2% from 8.9% in March, the highest rate since September 1999, the Eurostat data agency said. Unemployment in the wider 27-member European Union (EU) rose to 8.6% in April from 8.4% the previous month. Eurostat estimates that 20.8m people in the EU were unemployed in April. This was an increase of 556,000 from March's figure. The number of people out of work in the eurozone increased by 396,000 to 14.58m.In April, Spain had the highest unemployment rate of any country in the EU at 18.1%, followed by Latvia (17.4%) and Lithuania (16.85). However, separate data from the Spanish Labour Ministry for May showed the number of people filing claims for unemployment benefits in Spain fell slightly after 14 months of steady increases. The decline of 24,741 left the jobless total at 3,620,139. Rises across EuropeUnemployment increased in 25 out of the 27 EU member states. Romania and Greece were the only countries which saw their unemployment rates fall. In Germany, Europe's biggest economy, unemployment rose to 7.7% from 7.6% in March.And in France, the second-biggest, unemployment increased to 8.9% from 8.8% a month earlier. Even if signs of economic recovery begin to emerge, economists warned that unemployment is a lagging indicator. "It will be some time before any improvement in economic activity feeds through to help the jobs outlook," said Howard Archer from IHS Global Insight. "Furthermore, we suspect that economic activity will remain too weak to actually generate jobs overall until well into 2010. "Deep and extended economic contraction, depressed business confidence and deteriorating profitability are currently increasingly feeding through to push unemployment up sharply across the eurozone."

Ono shto mi bode ochi jeste:Highest: Spain - 18.1%Latvia - 17.4%Lithuania - 16.8%Lowest: Netherlands - 3.0%Austria - 4.2%Cyprus - 5.4%Znam da je u Makedoniji preko 30%. Isto tako znam da se sa biroa skidaju svi oni koji ne prihvate ponudjeni posao, ili oni koji se ne prijave odredjeno vreme,..Prochitao sam negde ovih dana da je nezaposlenost u Srbiji neshto vishe od 14%. Da li je to moguce?

Edited June 3, 2009 by cedo

[TBoneSteak]

jebotebog, preko 30%!?! jel vama stavljaju nesto u vodu?

[cedo]

jebotebog, preko 30%!?! jel vama stavljaju nesto u vodu?

Ne bre. Imamo stabilno okruzhenje i sposobnu vladu.

[WTF]

Zao mi je ovih pacenika :( http://www.nytimes.com/2009/06/15/us/15fur...tml?_r=2&hp

[iDemo]

[Кристофер Лумумбо]

http://www.thedailyshow.com/watch/tue-july...inancial-career

[Indy]

Tužna priča sa još tužnijim završetkom... Lično, isuviše dobro razumem Rodrigueza.they left me to rot"He couldn't find a job. He couldn't pay no bills. That's why he moved back with his mom," the friend, 46-year-old Ricky Falco, told AFP.After being sacked by Reynolds, Smith and Hills, Rodriguez had been forced to take a job in a Subway sandwich bar but the pay had been too little to support him and he had quit a few months ago, Falco explained."When you can't find a job, and you've got bills to pay, wouldn't you be frustrated," he said. "They're making him look like a monster, and he's not. I know he killed somebody, but I think his brain just snapped."

[TBoneSteak]

nadam se da te necemo uskoro gledati na teevee-ju :(

[Indy]

Nećete, nemam vatreno oružje. :P