Economy:1-1-09 Microsoft planning big layoffs for January?

[dmcowen674]

Wow - What happened? :laugh:

11-20-2008How the Mighty Have Fallen: Buffett, Other Legends Feel Bear Market Bite

Feeling mauled by the seemingly undying bear market? Take a look at the year-to-date performance for some biggest of the big-name investors and consider yourself in good company:

Warren Buffett (Berkshire Hathaway): -43%

Ken Hebner (CMG Focus Fund) -56%

Harry Lange (Fidelity Magellan): -59%

Bill Miller (Legg Mason Value Trust) -50%

Ken Griffin (Citadel): -44%

Carl Icahn (Icahn Enterprises): -81%

T. Boone Pickens: Down $2 billion since July

Kirk Kerkorian: Down $693 million on his Ford shares alone

 

[dmcowen674]

Most of these Banks cuts have been occuring in New York City.

These giant buildings are becoming ghost buildings.

Will have to re-name New York City - Ghost York City

Mayor Bloomberg is in a panic losing so much of his spending money that he is raising the prices of everything he can think of.

At this rate I doubt even the rich Saudi's will be able to afford Ghost York.

11-20-2008 JPMorgan cuts 3,000 investment banking jobs

NEW YORK ? JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earnings, people familiar with the situation said on Thursday.

The bank is beginning to see customers miss payments on some of its $250 billion of prime mortgages and home equity loans.

 

[Capt Caveman]

Originally posted by: dmcowen674
Wow - What happened? :laugh:

11-20-2008How the Mighty Have Fallen: Buffett, Other Legends Feel Bear Market Bite

Feeling mauled by the seemingly undying bear market? Take a look at the year-to-date performance for some biggest of the big-name investors and consider yourself in good company:

Warren Buffett (Berkshire Hathaway): -43%

Ken Hebner (CMG Focus Fund) -56%

Harry Lange (Fidelity Magellan): -59%

Bill Miller (Legg Mason Value Trust) -50%

Ken Griffin (Citadel): -44%

Carl Icahn (Icahn Enterprises): -81%

T. Boone Pickens: Down $2 billion since July

Kirk Kerkorian: Down $693 million on his Ford shares alone

😕 B/c you never had any money, you find it funny that other's have lost some? The funny thing is that they still have money, unlike yourself. :laugh:

 

[StageLeft]

Originally posted by: Capt Caveman

Originally posted by: dmcowen674
Wow - What happened? :laugh:

11-20-2008How the Mighty Have Fallen: Buffett, Other Legends Feel Bear Market Bite

Feeling mauled by the seemingly undying bear market? Take a look at the year-to-date performance for some biggest of the big-name investors and consider yourself in good company:

Warren Buffett (Berkshire Hathaway): -43%

Ken Hebner (CMG Focus Fund) -56%

Harry Lange (Fidelity Magellan): -59%

Bill Miller (Legg Mason Value Trust) -50%

Ken Griffin (Citadel): -44%

Carl Icahn (Icahn Enterprises): -81%

T. Boone Pickens: Down $2 billion since July

Kirk Kerkorian: Down $693 million on his Ford shares alone

😕 B/c you never had any money, you find it funny that other's have lost some? The funny thing is that they still have money, unlike yourself. :laugh:

Yep even after their losses they could still buy a million Daves. Not that they'd want to, but they could.

 

[cliftonite]

Originally posted by: BoberFett
We can only hope you go postal the next time you lose your job. We'll finally be rid of you.

very nice...

 

[ZeGermans]

Remember how "not racist" republicans tried to blame the entire thing on freddy/fannie giving loans to poor black people?


That was pretty funny.

 

[dmcowen674]

Bank I used to have an account with when I lived in Atlanta has gone belly up:

11-22-2008 Federal regulators shut 2 California thrifts and Georgia Community Bank

The failures of Downey Savings and Loan Association, based in Newport Beach, and PFF Bank & Trust of Pomona brought the number of U.S. bank failures this year to 22.

Downey, the 23rd-largest U.S. savings and loan, had assets of $12.8 billion and deposits of $9.7 billion as of Sept. 30. PFF, the 38th-largest, had assets of $3.7 billion and $2.4 billion in deposits.

Also Friday, Georgia regulators shut down The Community Bank, a small bank in Loganville, Ga.

The FDIC was made receiver of the bank, which had $681 million in assets and $611.4 million in deposits as of Oct. 17. The FDIC said all the bank's deposits and about $84.4 million of its assets will be acquired by Bank of Essex, of Tappahannock, Va. Its four branches will reopen Monday as offices of Bank of Essex.

Well over half of the roughly 8,500 federally insured banks and savings and loans are expected to tap the FDIC's temporary guarantees.

Of the 8,500 federally insured banks and thrifts, the FDIC had 117 on its internal list of troubled institutions as of June 30, a five-year high. The agency doesn't disclose the banks' names.

 

[Polish3d]

Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

 

[Polish3d]

Example:


X gets a C

X fails a math test

x gets a B+ in science


Yet X has a 4.0 GPA

 

[JohnCU]

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

 

[woodie1]

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

 

[StageLeft]

Originally posted by: woodie1

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

And he still says we'll be paying $10 for a gallon of gas and $7 for a gallon of milk any day now. He's quite insane.

 

[dmcowen674]

Originally posted by: Skoorb

Originally posted by: woodie1

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

And he still says we'll be paying $10 for a gallon of gas and $7 for a gallon of milk any day now. He's quite insane.

If you are going to quote at least try and quote correctly.

 

[StageLeft]

Originally posted by: dmcowen674

Originally posted by: Skoorb

Originally posted by: woodie1

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

And he still says we'll be paying $10 for a gallon of gas and $7 for a gallon of milk any day now. He's quite insane.

If you are going to quote at least try and quote correctly.

I love how we flirt :heart:

 

[woodie1]

Originally posted by: dmcowen674

Originally posted by: Skoorb

Originally posted by: woodie1

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

And he still says we'll be paying $10 for a gallon of gas and $7 for a gallon of milk any day now. He's quite insane.

If you are going to quote at least try and quote correctly.

Did you forget this dave?

Originally posted by: dmcowen674

Originally posted by: woodie1
So which one is buying the other?

Chysler is owned by the Private Company so they are taking GM.

Who knows, it may actually happen ... 🙂

 

[Capt Caveman]

Originally posted by: Skoorb

Originally posted by: woodie1

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

And he still says we'll be paying $10 for a gallon of gas and $7 for a gallon of milk any day now. He's quite insane.

Yep, Dave is the forum moron. He hates America so much that he gets a hard-on reading about all of the bad news. But sometimes it's not bad enough for him or possibly he's just stupid and will post an article without reading or comprehending it.

Examples:
Oil will be $200 after the Election and by years end - he then posts an article that forecasts $200 oil in 2030

Milk is $6 gallon in CA - he then posts an article listing the price of 1/2 gallon of milk in Sacramento is $2.79 and makes the stupid calculation of multiplied the 1/2 gallon price to get the gallon price but then someone provides a link that shows that a gallon of milk is $3.19 in Sacramento

 

[StageLeft]

Originally posted by: Capt Caveman

Originally posted by: Skoorb

Originally posted by: woodie1

Originally posted by: JohnCU

Originally posted by: Polish3d
Why does this thread only post the bad news? Yes, the news is generally bad, but focusing on the bad news exclusively skews the impression to falsehood.

you must not know dave mcowen too well yet

^^THIS^^

Plus, to give you some perspective, dave forecast that Chrysler was gonna buyout GM when rumors started about a possible merger between the two.

And he still says we'll be paying $10 for a gallon of gas and $7 for a gallon of milk any day now. He's quite insane.

Yep, Dave is the forum moron. He hates America so much that he gets a hard-on reading about all of the bad news. But sometimes it's not bad enough for him or possibly he's just stupid and will post an article without reading or comprehending it.

Examples:
Oil will be $200 after the Election and by years end - he then posts an article that forecasting $200 oil in 2030

Milk is $6 gallon in CA - he then posts an article listing the price of 1/2 gallon of milk in Sacramento is $2.79 and makes the stupid calculation of multipled the 1/2 gallon price to get the gallon price but then someone provides a link that shows that a gallon of milk is $3.19 in Sacramento

He still hasn't responded to my pointing out that his claim he pumped gas in 1973 would have meant he was 10-11 years old at the time pumping gas hee hee

 

[dmcowen674]

Originally posted by: Skoorb
He still hasn't responded to my pointing out that his claim he pumped gas in 1973 would have meant he was 10-11 years old at the time pumping gas hee hee

You're not an American, you would not understand.

 

[StageLeft]

Originally posted by: dmcowen674

Originally posted by: Skoorb
He still hasn't responded to my pointing out that his claim he pumped gas in 1973 would have meant he was 10-11 years old at the time pumping gas hee hee

You're not an American, you would not understand.

Only Americans can understand math? 😕

 

[dmcowen674]

With numbers like this it's nearly impossible to keep up.

12-3-2008 250,000 jobs slashed in November

Private employers cut 250,000 jobs in November, the most in seven years, a report by a private employment service said on Wednesday.

ADP Employer Services also said it revised the number of jobs cut in October to 179,000 from the originally reported loss of 157,000.

Economists had expected the ADP report to show 200,000 private-sector jobs were lost in November, according to the median of forecasts in a Reuters poll.

The ADP Employer Services report was jointly developed with Macroeconomic Advisers LLC.

 

[dmcowen674]

12-4-2008 AT&T cuts 12,000 jobs

AT&T says it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn.

AT&T plans to take a charge of about $600 million in the fourth quarter to pay for severance costs.

 

[dmcowen674]

12-4-2008 DuPont to cut 2,500 jobs, trim 4,000 contractors

DuPont says it will cut 2,500 jobs, mostly serving the U.S. and European automotive and construction markets, due to lower demand linked to the steep global decline in homebuilding, auto sales and consumer spending.

The Wilmington, Del.-based chemicals maker also says it will trim 4,000 contractors by the end of this year, with additional contractor reductions expected in 2009.

DuPont Co. is forecasting a 2008 fourth-quarter loss of 20 cents to 30 cents per share, excluding restructuring charges of about 40 cents per share. The company expects 2009 earnings to range between $2.25 and $2.75 per share, anticipating the current global recession will continue well into 2009.

 

[fskimospy]

Originally posted by: dmcowen674

Originally posted by: Skoorb
He still hasn't responded to my pointing out that his claim he pumped gas in 1973 would have meant he was 10-11 years old at the time pumping gas hee hee

You're not an American, you would not understand.

I think its a safe bet that none of the Americans on here understand you either, Dave. I've just come to accept that you are too invested in discontent and disaster to ever change. The problem is that when you're as wrong as you are as consistently as you are, and you fight so doggedly against reality staring you in the face (see: 2008 election predictions), people lose sight of the valid points you DO have because they are buried under piles of bullshit.

 

[SP33Demon]

Originally posted by: Skoorb

Originally posted by: dmcowen674

Originally posted by: Skoorb
He still hasn't responded to my pointing out that his claim he pumped gas in 1973 would have meant he was 10-11 years old at the time pumping gas hee hee

You're not an American, you would not understand.

Only Americans can understand math? 😕

Dave was being sarcastic. 😉

 

[SP33Demon]

Originally posted by: dmcowen674
I can't keep track of all the job losses but here comes the start of what folks in here said would not happen.

11-14-2008 Man who lost job at Santa Clara startup killed 3, including CEO and another top executive

A recently laid-off tech employee Friday opened fire inside the Santa Clara office where he used to work, police said, killing three people, including the CEO and another top executive ? and sparking a massive dragnet throughout the Bay Area.

Wu, in some news reports, was said to have a wife and two children. He is described as 5-foot-11 and weighing 170 pounds, with black eyes and black hair. The Mercury Mariner he is believed to be driving has a license plate of 6CJU602.

People who encounter Wu are urged to keep their distance and call Santa Clara police immediately at (408) 615-4700. If Wu is in another city, witnesses should call 911 to reach that city's police department.

Did they find this guy yet? Link = dead.