NEW YORK — The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy. The Associated Press to cut 10 percent of work force Honda Motor Corp. said Friday it will cut production in Japan and Europe by [...]

Sea of Unwanted ImportsBy MATT RICHTELLONG BEACH, Calif. — Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the country. But these are not ordinary times.For now, the port itself is [...]

Courtesy of the NY TIMES:China Stats:GDP: 9.74%Inflation: 6.43%Unemployment: 4%*Markets: -64.92%Gallon of gas: $3.48Interest Rates: 6.66%The slowdown in exports contributed to the closing of at least 67,000 factories across China in the first half of the year, according to government statistics. Labor disputes and protests over lost back wages have surged, igniting fear in local officials. [...]

With the economy slowing and demand for new vehicles shrinking, Mercedes-Benz is offering buyout packages to the nearly 4,000 workers at its Alabama plant for the first time since the factory opened 11 years ago.”We’re responding to the demand in the marketplace by reducing our operations here at Mercedes Vance,” said Taylor, president and chief [...]

Is this what’s coming when companies lay off their workers? The worst part about this, is he also had to pay taxes on the stolen money! He got robbed twice. Man Shot, Robbed of Final Paycheck on Day He’s Laid OffMonday, October 27, 2008 DETROIT — A 37-year-old man who had been laid off from [...]

Here are a list of jobs one can do when the DEPRESSION HITS: 1. Locksmith: A profession that’s experiencing true growth, no joke this time. If you’d enjoy changing locks on foreclosed homes, a locksmith career might open some doors. 2. Bartender: Everyone drinks their sorrows away during a depression. Take the Bartending course (2 [...]