Be INFORMED

Monday, January 12, 2009

Polling: 73% Say Economy Getting Worse...

  and I would guess that the other 27% are either wealthy or in a coma.

   One week ago that figure  was at 61%. 10% of those polled think that the economy is getting better.

   According to polling firm Rasmussen,  53% of Americans believe that their own finances are getting worse.

  So, what about investors?

  Today, only 8% of Investors rate the economy as good or excellent, down from 31% a year ago. Sixty-four percent (64%) of Investors say the economy is in poor shape.

Looking to the future, 39% of Americans say that the economy will be stronger in a year while 31% believe it will be weaker. Longer-term, there is optimism—62% say the economy will be stronger in five years than it is today.

  The Obama administration can pump all of the money that they want to into fixes for our economy, but, unless NAFTA and the WTO is renegotiated or done away with, our economy will not get to much better. If those in Washington really want to help out the " average " American, they will change the tax code for business  to stop them from moving jobs and companies to foreign countries.  We are fucked if these things aren't changed no matter what kind of stimulus our politicians come up.

Microsoft Dumping 15,000 Employees...

   which is about 17% of the workforce.

   Microsoft employs about 90,000 people worldwide and the word is that 15,000 of those workers will be given their pink slips on January 15,2009, one week before Microsoft's Q2 earnings report comes out.

   The rumor is that MSN division will take the blunt of the layoffs and it is also being said that larger staff cuts are possible in Microsoft EMEA (Europe, Middle East, Africa).

The Channel Wire

    A Wednesday report on MSNBC.com said the software company is more likely to reduce its employee rolls through attrition, hiring freezes and non-renewal of contract employees, even though the story cited a blog post last week that Microsoft was preparing to cut as many as 15,000 jobs.