Just Do It: Nike Layoffs will see 1400 people go

Shoe companies aren't immune to the global recession, with Nike set to announce layoffs of 4%, of 1400 people of form its 35,000 strong global workforce. Nike is headquartered in Portland, Oregon and employs 7,000 people in the ... continue

Win: Obama caps executive salaries at $500,000

President Barack Obama announced Wednesday that companies receiving Government assistance under the $700 billion bailout will be restricted to a $500,000 salary cap for top executives. “We all need to take responsibility" said the President, and that people ... continue

Recession Causes Car Thefts To…..Decrease

The ruling orthodoxy on socio-economics is that difficult times drive a rise in crime, but maybe as a sign of how bad things may have become, at least one crime is decreasing: car theft. In Baltimore, the number ... continue

States Now Want A Government Bailout As Well

Government isn't immune from wanting a bailout, with the Governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin calling on the Obama Administration to provide a $1 trillion bailout for cash poor states. Ohio Gov. Ted ... continue

Obscene: Chrysler Spending Bailout Money on Ads Thanking America for Bailout Money

While polls showed the majority of American's did not support a bailout of the auto industry, The Bush Administration acted anyway, throwing away loaning the industry some $17 billion. So what's the first thing Chrysler does with ... continue

Now Real Estate Developers want a Bailout

Once the door is open, everyone wants a cut. Add Real Estate developers to the list of groups asking the US Government for a bailout, with loans due this year unable to be refinanced due to the ... continue

Senate to Auto Industry: No Bailout for You

The American auto industry may be on the edge of collapse with the US Senate set to reject the proposed $14 billion auto bailout, the last opportunity to approve the bailout until the new year. The formal vote ... continue

NPR job cuts: 85 positions to go

National Public Radio (NPR) has announced that it will lay off 7% of its workforce and cut expenses due to broader economic climate. A total of 64 filled positions have been eliminated and 21 open positions not filled ... continue

O’Reilly, Rove claim Economic Crisis is a Media Conspiracy to help Obama

Lost your job recently, or know someone who did? The United States had its biggest fall in employment for November in at least 20 years, the banks as we already know are all living off Government welfare, ... continue

Sad: Economic Crisis claims Knut the Polar Bear

Remember Knut the Polar Bear? In March 2007 the world focused on Germany after environment activists called on Knut to be put down after he was rejected by his mother. Knut survived, and went on to become ... continue

Why Tesla should get a $400 million bailout

There's much discussion in the tech blogosphere about the request from Silicon Valley's favorite electric car make Tesla for a $400 million bailout...sorry "loan" from the US Government. There's points on either side, so as best I can ... continue

Good news from the economic crisis: Russian Vodka is about to get cheaper

No country is fully immune from the global economic crisis, but some places react differently to others. In Russia, the economic crisis has meant that less people are drinking Vodka, the national drop. Stockpiles of Vodka in ... continue