Twittering my life away (2009-11-16) is a post from: Jobless and Less: The Blog for the Employmentally Challenged

• I'm really looking forward to #WordCamp, the #WordPress conference this weekend in #NYC. That's how geeky I am. #
• Growing #economy and rising #unemployment. What gives... http://tinyurl.com/ya8cyrp #
• At #wordcamp today. Hoping to learn some stuff. So far not yet. #
• I seem to know more than I thought. But people ask some dumb questions sometimes. #wordcampnyc #
• Nice when people actually ask good questions. #wordcampnyc #
• Do people change #Wordpress themes that often? Seems like you'd just be messing with your brand.#wordcampnyc #
• Letting people ask questions during presentations ruins the flow. #wordcampnyc #
• Why would I ever bring a dog to a pro baseball game? #wordcampnyc #
• So many people want to put stuff online then keep it private. #wordcampnyc #
• I feel so inferior with my not #iPhone. #wordcampnyc #

Onward with the unemployment... my one-year anniversary is a post from: Jobless and Less: The Blog for the Employmentally Challenged

Happy anniversary to me!

Here I am riding another bus, trying do some work and trying not to get motion sickness. Working on the computer while traveling is a much better idea in theory than in practice. The bus ride gives me a solid block of time to concentrate and tick things off my list, or dive into a bigger project. But the bus is filled with other people, some eating, some sleeping, some playing games on iPhones. Headphones and a nose plug block out most of it. Still the space is tight for laptop use and worse, I’m prone to motion sickness.

Twittering my life away (2009-11-09) is a post from: Jobless and Less: The Blog for the Employmentally Challenged

• Less money means more weight... http://tinyurl.com/ylju35l #
• Politicians and economists think the #recession is over. Everyone else doesn't... http://tinyurl.com/ydbv3ub #
• The #unemployment rate passes 10%. Onward with the jobless recovery... http://tinyurl.com/yzdqsty #

I came across an interesting firm recently – Credit Market Analysis, are part of the massive CME Group. These guys work in the exotic world of Credit Default Swaps (CDS) and provide information, in the form of default probabilities, that gives an indication of who might be the next victim of the crunch.

A default probability essentially gives you a percentage chance of a firm or a country going bust over 5 years. McDonald’s for example has only a 2.6% chance of default- so this looks like a safe bet compared to Clear Channel Communications which has a 79.5% chance of going bust sometime in the next 5 years

So if you are a private investor, or if as part of your business you extend significant credit lines to other firms then it may be worth talking to CMA to see if any of the assets in your portfolio look like they need their last rites read.

Nokia Siemens Networks (NSN), the joint venture between Nokia and Siemens, the telecommunications groups, is set to shed up to 5700 jobs from its workforce. Rajeev Suri, its new chief executive, is trying to reinvigorate the operation by cutting €500 million (£448 million) from its cost base.

NSN said that it wanted to trim up to 9 per cent of its 64,000-strong workforce and expected to complete the cost-saving plan by 2011.

Johnson & Johnson, the consumer goods and healthcare giant, said that it would cut up to 7% of its 117000 employees worldwide, meaning that as many as 8190 people could lose their jobs.

Johnson & Johnson is the latest healthcare company to have decided to slash costs to negotiate the difficulties of funding research into new medicines. As patents on some of its biggest-selling drugs are close to expiring, it needs to find fresh treatments to fill the gap in revenues. However, bringing a new drug to market costs more than $1 billion (£609 million), with many failing in early stage clinical trials.

Four hundred (400) jobs are to be lost as Associated British Foods plans to close it North Shields packaging plant and move a third of its total production to Poland and China. The rest will go to its other Twinings factory in Andover, Hants.

The  Guardian.co.uk reports,

Twittering my life away (2009-11-02) is a post from: Jobless and Less: The Blog for the Employmentally Challenged

• How the job search can threaten #unemployment benefits... http://tinyurl.com/ylnptzf #
• Today is the one-year anniversary of my #unemployment. I'd like to thank all the companies that made this possible. #
• Fun with #recession photos... http://tinyurl.com/ykh48zx #
• 50 Cent has to sell diamonds before buying new ones. What's the world coming to? http://tinyurl.com/ykbwaqw #

Twittering my life away (2009-11-02) is a post from: Jobless and Less: The Blog for the Employmentally Challenged

• How the job search can threaten #unemployment benefits... http://tinyurl.com/ylnptzf #
• Today is the one-year anniversary of my #unemployment. I'd like to thank all the companies that made this possible. #
• Fun with #recession photos... http://tinyurl.com/ykh48zx #
• 50 Cent has to sell diamonds before buying new ones. What's the world coming to? http://tinyurl.com/ykbwaqw #

The London Lite is set to close with the loss of 36 jobs, despite them making a profit in the weeks after the London Paper ceased distribution after Rupert Murdoch shut it down.

Total losses = 36

Posted by Wordmobi