posted on July 22, 2005 07:49:18 PM new
UNDER BUSH THE RICH ARE GETTING RICHER AND THE MIDDLE AND WORKING CLASS ARE LOOSING MORE JOBS.
Many Layoffs Despite Good Economic Projections
HP, Kimberly-Clark and Kodak Lead Way in Rough Week for Workers
By BEN DOBBIN, AP
ROCHESTER, N.Y. (July 22) - In a week where Alan Greenspan said he expected the U.S. economy to keep growing and Wall Street seemed generally pleased with corporate performance, workers at Eastman Kodak Co., Hewlett-Packard Co. and Kimberly-Clark Corp., among others, were warned about thousands of new layoffs.
Technology giant Hewlett-Packard is cutting 14,500 jobs over the next 6 quarters to save over a billion dollars in operating costs.
''You get immune to it after a while,'' longtime Kodak technician John Hladis said with barely a shrug when the scythe fell once more at the Rochester-based photography company, slicing away another 10,000 employees.
But some economy watchers are suddenly concerned that this latest flurry of job cuts - a byproduct of various trends such as outsourcing, mergers, automation, changing technology and consumer demands - may foreshadow some trouble ahead.
''We won't know till afterwards, but I do think we may be seeing a tipping point in the economic cycle that these big layoffs are flagging,'' said John A. Challenger, chief executive of Challenger, Gray & Christmas, a Chicago-based employment research firm. ''I think it's a sign that leaks are breaking out.''
One thing is for certain: It was not a good week for American labor. In fact, it's been an unusually torrid summer in terms of trimming payrolls.
U.S. corporations announced plans in June to cut 110,996 jobs - the highest monthly total in 17 months - and July's toll could turn out to be steeper. Overall job cuts are on the rise in 2005, reaching 538,274 through June, according to Challenger's monthly job-cut analysis.
BUT DON'T WORRY BUSH IS "WORKING ON IT" AND WE ALL KNOW "ITS A HARD JOB" BUT BUSH IS "MAKING PROGRESS" BY LETTING IN MORE AND MORE CHEAP LABOR FROM MEXICO. VIVA JOB OUTSOURCING,VIVA MEXICO EQUALS VIVA WALL STREET.
posted on July 22, 2005 08:40:08 PM new
Peepa - just to clarify - you are blaming the bush administration because of job losses at Eastman Kodak? Do you even know why they are cutting jobs? Did you bother to look into it and see if maybe the proliferation of digital cameras cutting into sales of traditiona film products at a faster than projected pace might have had anything do with it?
Also HP's layoff are a result of slumping sales. How many printers did you buy last year? for that matter, how many printers does the average person need? Of course there are going to be slumping sales in that type of market. As long as you are relying on exsting technology and existing product lines you are always eventually going to see a drop in sales once you reach market saturation.
If you are going to lay blame at the feet of the administration you might want to confirm that it actually belongs there otherwise you end up crying wolf so many times that when there is a REAL issue that truly does belong at their feet, no one is going to pay any attention to you.
The economy is starting to slip and there are going to be layoffs that are a result of the lack of attention that this administration is paying to the domestic economy but lay-off that are the result of outdated technology or a product that will be damn near obsolete in 5 more years are not the ones to scream about. HP's woes are their own damn fault, Kodaks woes are simply the result of market evolution.
~~~ ~~~ ~~~ ~~~ ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on July 22, 2005 10:37:33 PM new
Actually fenix, all printers are not cutting back this time, it is mostly computers and it is world wide, not just the US.
Some printers are assembled here in Vancouver and there was an article how they are not cutting anyone.
But good point, peepa just posted an article without getting all of the story.
Some of those jobs are not in the US but of course they don't separate out those numbers.
posted on July 23, 2005 04:14:30 AM new
UNDER BUSH THE RICH ARE GETTING RICHER AND THE MIDDLE AND WORKING CLASS ARE LOOSING MORE JOBS. I WILL STAND BY THIS STATEMENT BECAUSE ITS TRUE.
But some economy watchers are suddenly concerned that this latest flurry of job cuts - a byproduct of various trends such as OUTSOURCING, mergers, automation, changing technology and CONSUMER DEMANDS - may foreshadow some trouble ahead.
One thing is for certain: It was not a good week for American labor. In fact, it's been an unusually torrid summer in terms of trimming payrolls.
U.S. corporations announced plans in June to cut 110,996 jobs - the highest monthly total in 17 months - and July's toll could turn out to be steeper. Overall job cuts are on the rise in 2005, reaching 538,274 through June, according to Challenger's monthly job-cut analysis.
BUT DON'T WORRY BUSH IS "WORKING ON IT" AND WE ALL KNOW "ITS A HARD JOB" BUT BUSH IS "MAKING PROGRESS" BY LETTING IN MORE AND MORE CHEAP LABOR FROM MEXICO. VIVA JOB OUTSOURCING,VIVA MEXICO EQUALS VIVA WALL STREET.
I WILL ALSO STAND BY THE ABOVE STATEMENT BECAUSE ITS TRUE. NO "CRYING WOLF" ON MY PART JUST DENIAL ON YOURS.
When Bush and the republicans start REALLY doing something about JOB OUTSOURCING,OFF SHORE TAX BREAKS FOR AMERICAN COMPANIES, TAX BREAKS FOR THE RICH and the FLOW OF CHEAP LABOR through our Southern Border let me know.
BTW, I BOUGHT A HP PRINTER 3 MONTHS AGO AND A DELL COMPUTER IN JANUARY.
posted on July 23, 2005 09:01:48 AM new
I blame the Bush Administration for the West Nile Virus we had to vaccinate all the horses against, and I also blame him for the fact that a vaccine exists for horses, but not for any other kind of livestock nor people.
____________________________________________
Fue por lana y saliσ trasquilado...
posted on July 23, 2005 09:30:24 AM new
DON'T WORRY GUYS AND GALS BUSH IS "WORKING ON IT" AND WE ALL KNOW "ITS A HARD JOB" ABOUT ON YOUR FLEA AND WEST NILE PROBLEMS.
YES SIR, BOYS AND GIRLS. BUSH "IS MAKING PROGRESS" FOR EVERYBODY EXCEPT THE MIDDLE AND WORKING CLASS AMERICAN.
When Bush and the republicans start REALLY doing something about JOB OUTSOURCING,OFF SHORE TAX BREAKS FOR AMERICAN COMPANIES, TAX BREAKS FOR THE RICH and the FLOW OF CHEAP LABOR through our Southern Border let me know.
posted on July 23, 2005 10:10:34 AM new
well quite frankly,like the typical democrat,all they do is complain but offer no solutions or answers to questions.
posted on July 23, 2005 11:58:38 AM new
Washington, I thought the post I made before answered your question. I guess you didn't get it so I will say it again.
BUSH "IS MAKING PROGRESS" FOR EVERYBODY EXCEPT THE MIDDLE AND WORKING CLASS AMERICAN. Hey Ron do ya get it now?
When Bush and the republicans start REALLY doing something about JOB OUTSOURCING,OFF SHORE TAX BREAKS FOR AMERICAN COMPANIES, TAX BREAKS FOR THE RICH and the FLOW OF CHEAP LABOR through our Southern Border. Let me know will ya Ron.
Hey Ron, when Bush and the republican controlled houses start making laws that better support and favor the American working and middle class be sure to let me know.
classicrock000, As long as we have the republicans in control of the law making in Washington DC. I don't see a solution for working and middle class Americans. If in the 2006 elections republicans remain in control of both houses all I see is a further separation of class in America.
In 2006 the American middle and working class who voted republican for personal religious reasons will have a new looking Supreme Court. I believe these people have already started looking at other issues facing America and will worry about their own well being and end the republican power lock in Washington.
posted on July 23, 2005 02:23:53 PM new
Peepa - I'm just really curious as to how you are blaming lay-offs at Kodak at the feet of anyone other than the inventors of digital photography? It's not as if they are outsourcing jobs, it's simply matter of an outdated product. Film and photo paper sales plummeted and so there is no longer a need for the same number of employees. Should they continue to employ people whose responsibility would be only to improve on their high speed thumb twiddling skills which would result in a huge drop in earnings, eventually send the company into bankruptcy and result in 100% job loss rather than the strategic percentage that was recently announced?
You cannot solve a problem if you are unwilling to look at both sides of it.
~~~ ~~~ ~~~ ~~~ ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on July 23, 2005 07:10:53 PM new
etexbill, Guess what, I can hear you and your caps make your thoughts easier to read.
I am sorry to say it will be a cold day in Haiti before I do what a Bush supporter like you tells or asks me to do. Even when they say please. Besides this post is about U.S. Job loss not about me using caps.
To show you I am not inflexible and in the spirit of cooperation I am willing to compromise. I am willing to turn off my caps when posters from your side stop using CAPS,BOLD TYPE AND STUPID FACES.
etexbill, DON'T WORRY I AM "WORKING ON IT" AND WE ALL KNOW "ITS A HARD JOB" TO CHANGE, BUT I AM "MAKING PROGRESS" BY OFFERING A COMPROMISE.
posted on July 23, 2005 07:42:50 PM new
Peepa - am I just too logical for you? Is that why you will address anyone but my questions or is it that you just won't respond to women? Or is it simply that it's easier to toi respond to the inane (such as cap lock) than it is to address actual points? Your credibility is swirling my friend.
~~~ ~~~ ~~~ ~~~ ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on July 23, 2005 07:49:03 PM new
fenix, our employee Goerge Bush is the president of this country and has shown no concern for job loss and the rotting economy. Isn't he the LEADER of this country? Isn't he in charge ? Isn't he supposed to be working on solutions to help keep this nation strong?
There are many reasons for people losing their jobs but a total lack of concern by the head of the country doesn't help!
posted on July 23, 2005 08:01:22 PM new
Mingo - there are many things he should and could do but making sure that individual companies retain their marketshare is not one of them. That is an impossibility. He should work to make sure that the atmosphere exists in which companies have the opportunity to operate, it is not their job however to make sure that each operates profitably.
That's like saying that it is ebays job to make sure you get enough sales each week to cover your costs and pay your bills. It's not. They provide a venue, the government ensures that you have a market. How each business operates within that venue or market is up to them. Kodaks product was made irrelevent by technological advances. What was Bush supposed to do to change that?
~~~ ~~~ ~~~ ~~~ ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
- Ann Coulter
[ edited by fenix03 on Jul 23, 2005 08:01 PM ]
posted on July 23, 2005 08:13:52 PM new
You're absolutely right , fenix, Bush should have no responsibilities to the United States or it's people. Let them all lose their jobs, that will help make America strong.
No, seriously, fenix, I really don't need you to explain business practices to me.
What I did say was that it would be nice if the alleged leader of this country acknowledged that it's people are in trouble, the economy is bad, and take some action.....he refuses.
posted on July 23, 2005 08:15:28 PM new
BTW - Don't get me wrong. I think Bush is a master of disaster. If he had used 5% of what has been used on Iraq to bail out the airline industry they could have avoided pay-offs and brought fares in line with a more affordable rate which would have increased tourism, brought more money into the hotel and food industries, car rental industries etc. More people would still be employed and contributing their income to their community busineeses, etc, etc, etc. Then take another 20% and put it into increased security at our ports, around our nuclear facilities, at train yards etc. Hell, give a couple 17 year old computer geeks 2% of it and have them write the program that would combine the EIGHT different watch lists that nearly 4 years after 9/11 are still yet to have been merged.
I can go on and on about things that Bush really should be working to make sure happen and things that should be falling firmly in his lap but when you start making him the fall guy for all that is wrong in the word you start dulling people senses to your arguement.
~~~ ~~~ ~~~ ~~~ ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on July 23, 2005 08:35:39 PM new
You're absolutely right , fenix, Bush should have no responsibilities to the United States or it's people. Let them all lose their jobs, that will help make America strong.
No, seriously, fenix, I really don't need you to explain business practices to me.
What I did say was that it would be nice if the alleged leader of this country acknowledged that it's people are in trouble, the economy is bad, and take some action.....he refuses.
posted on July 24, 2005 06:04:16 AM new
Mingotree, your exchange with fenix03 shows why I don't normally respond to her posts. People like her want to pick one small point from the overall issue and argue it. Then brings up gender. I don't have time for nit pickers and gender chips on shoulders.
My point is this
U.S. corporations announced plans in June to cut 110,996 jobs - the highest monthly total in 17 months - and July's toll could turn out to be steeper. Overall job cuts are on the rise in 2005, reaching 538,274 through June, according to Challenger's monthly job-cut analysis.
One thing is for certain: It was not a good week for American labor. In fact, it's been an unusually torrid summer in terms of trimming payrolls.
I never waiver on being 100% in support of America's middle and working class. No one can deny UNDER BUSH AND REPUBLICANS IN BOTH HOUSES THE RICH ARE GETTING RICHER WHILE THE MIDDLE AND WORKING CLASS ARE GOING BACKWARDS.
posted on July 24, 2005 08:18:54 AM new
You're right, Bigpeepa, and nit-picking why individual companies lay off people is fruitless and comparing ebay to the presidency is even sillier.
The gulf is widening and for those who don't know or care, it's not about the rich giving to the poor , it's about keeping our nation strong with good paying jobs for eveyone....anything less and you have a weak country.
But they just don't get it.
posted on July 24, 2005 11:16:12 AM new
Washington said "WHEN WE GET AWAY FROM 2 PARTY POLITICS, I THINK THINGS WILL GET BETTER"
Hey Ron I agree. When a third party comes along with a chance to win an election I can always switch my vote. Until a strong third party comes along I will vote Democrat. The Democrats are by far the lesser of 2 evils for the middle and working class American.
I will say again. I never waiver on being 100% in support of America's middle and working class. No one can deny UNDER BUSH AND REPUBLICANS IN BOTH HOUSES THE RICH ARE GETTING RICHER WHILE THE MIDDLE AND WORKING CLASS ARE GOING BACKWARDS.
posted on July 24, 2005 11:35:06 AM new
US jobless claims plunge, leading index rises
22.07.05 7.50am
NEW YORK - The number of Americans filing new claims for jobless benefits posted the largest drop since 2002 last week and a separate report on the US economy hinted growth would remain robust in the months ahead.
The decline in unemployment benefit applicants did not signal any major shift in the labour market, since it was due largely to seasonal shifts in the auto industry.
"Seasonal adjustment problems related to the reversal of the auto-retooling shutdowns entirely explain this drop," Haseeb Ahmed, an economist at JP Morgan said.
However, this was the same week used for the government's widely watched payrolls survey, and could signal a strong July reading for the report.
The drop in claims was also bigger than expected, falling 34,000 to 303,000 last week from a revised 337,000 the prior week, the Labour Department said, bringing claims to the lowest level since April. Wall Street had expected a decrease to 327,000.
The four-week moving average, which smooths weekly volatility to offer a clearer picture of the pace of layoffs, eased to 318,000 from 321,250 in the prior week.
Separately, a gauge that attempts to measure the future direction of the economy rose 0.9 per cent last month and the figures for the two previous months were revised upward, a private research group said today.
The New York-based Conference Board said its index of leading indicators rose to 137.7 in June.
May's index was revised upward to a flat reading from a previously reported 0.5 per cent drop, and April's was nudged up to a 0.2 per cent increase from a previously reported unchanged reading.
Of the 10 indicators in the index, only capital goods decreased last month.
Financial markets showed little reaction to the figures.
Investors were concentrating instead on explosions reported on the London public transit system and on China's decision to scrap the yuan currency's peg to the US dollar and link to a basket of currencies.
- REUTERS
Hmmm, I guess it's all according to who's talking.
posted on July 24, 2005 05:48:31 PM new
etexbill, your post report says.
"The drop in claims was also bigger than expected, falling 34,000 to 303,000 last week from a revised 337,000 the prior week, the Labour Department said, bringing claims to the lowest level since April. Wall Street had expected a decrease to 327,000."
"The four-week moving average, which smooths weekly volatility to offer a clearer picture of the pace of layoffs, eased to 318,000 from 321,250 in the prior week."
Hey etexbill when you get a total for July unemployed fillings let me know will ya.
No difference in who posts the stats. etexbill, thanks for also SHOWING HUNDREDS OF THOUSANDS OF AMERICANS have recently found themselves out of a job. You really need to tell the 303,000 people out of work how good things are under Bush and the republican controlled houses.
Job lost is a good thing for industry more people on the job market equals less industry has to pay equals higher profits for stock holders.
ANY WAY YOU CUT IT OR WORD IT. UNDER BUSH AND REPUBLICAN CONTROLLED HOUSES,THE RICH ARE GETTING RICHER WHILE MIDDLE/WORKING CLASS AMERICANS ARE GOING BACKWARDS.
posted on July 24, 2005 06:05:05 PM new
Unemployment claims falling does NOT indicate these people got jobs, many of them have exhausted unemployment and have fallen off the list.
posted on July 24, 2005 06:15:38 PM new
Your shouting again peepa. Here's the news for June. We'll watch for July.
WASHINGTON - The unemployment rate dipped in June to its lowest level in nearly four years as employers expanded payrolls modestly, a sign that the nations job market is plugging not powering ahead. Wall Street rallied.
The latest employment snapshot from the Labor Department on Friday supported the view of Federal Reserve Chairman Alan Greenspan and his colleagues that the economy is in good shape and the labor market is gradually improving despite high energy prices.
The civilian unemployment rate dropped to 5 percent in June, down a notch from 5.1 percent in May and the lowest since September 2001. The jobless rate has drifted downward after hitting 6.3 percent in June 2003, its highest point during the economic recovery."
The unemployment rate is 5 percent. That many people are on welfare, sick, or just too lazy to work. Everyone in my area is doing fine. Free health care to the needy, free transportation to get to the Public Health Facility, church and county food to any needy and the Salvation Army's new facility will give you free room and board and 3 months or more training. Move on down.
On second thought, stay where you are.
You would feel way out of place because there is not much to gripe about.
