Jobs / Labor: Discussion about manufacturing today and into the future.

(Comments):

This article goes a bit into the issue of what manufacturing jobs mean to the U.S. during a still evolving machine replacing the paid worker - (Within those manufacturing businesses whom are increasing their robotic automation - As one wage worker replacement model example). Those relying on manufacturing income may have to rethink their positions... {What will or will there be moderate income jobs in the future}?

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http://business.time.com/2012/01/23/is-manufacturing-really-back/#dsq-form-area-419267073

NYTimes: Central Bank Becomes an Unlikely Hero in Euro Crisis

(Comments:)

Europe reads as part of the global economic fabric - Would be nice to see disclosure statement on "how-much" tied to "economic stability" the USofA is to the European economies. (Story seemed to indicate world wide fall out if banks of Europe were in some way fail). Not sure if this story completely spells out the entire story so we can have a more of an American impact understanding. [(Story was written by a non U. S. based reporter - (I think I read) - So that may have much to do with the European slant / view)].

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Banks have used quiet emergency loans from the European Central Bank, which has resisted buying up government debt in its own right, to come to their governments' rescue. http://nyti.ms/zyHd4c

USA TODAY article: Kodak files for Chapter 11 bankruptcy

(Comments)

Which corporation is next? Technology and ways to market products change so quickly.. Large corporations adjusting to these changes seems similar to turning a ship the size of a city around in a small harbor. Kodak reads like one of those great employers for so many years. My favorite camera of all time is their model Z612 which I still use and was purchased at decent price from Target Stores years back. Lots of features... The 12x high quality optical zoom was a huge selling point then.

Hope Kodak stays around!

Link to story below.

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http://usat.ly/yA7NTF

Yahoo co-founder Yang resigns from company - U.S. business

http://www.msnbc.msn.com/id/46030638/ns/business-us_business

Yahoo co-founder Yang resigns from company

By MICHAEL LIEDTKE

The Associated Press

SAN FRANCISCO — Yahoo co-founder Jerry Yang is leaving the struggling Internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

The surprise departure, announced Tuesday, comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thompson as its CEO.

Thompson is the fourth CEO in less than five years to try to turn around Yahoo — a challenge that Yang was unable to pull off during his own tumultuous 18-month reign as the company's CEO in 2007 and 2008.

Yang, 43, endorsed Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception.

"My time at Yahoo, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life," Yang wrote in a letter to Yahoo Chairman Roy Bostock. "However, the time has come for me to pursue other interests outside of Yahoo."

The letter didn't say what Yang plans to do next. He doesn't need to work, thanks to the fortune he has amassed since he began working on Yahoo in a trailer at Stanford University with fellow graduate student David Filo. Yang is worth about $1.1 billion, according to Forbes magazine's latest estimates.

Yang is also stepping down from the boards of China's Alibaba Group and Yahoo Japan. Yahoo is negotiating to sell its stakes in both of the Asian companies as part of its efforts to placate investors. The deal could be worth as much as $17 billion, but still faces a series of potentially daunting obstacles before it gets done.

(Commentary):  

Wow!  A Billion dollar parachute?  Really?  For leaving a fledgling biz? If only any of us could pull this caper and be a free person.....

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Whitehouse - Brian Deese on the Payroll Tax Cut | The White House

>Comment: The effectiveness of payroll tax decrease... Explained very nicely!
Tax break about to expire here in 2011
End of my comment <

http://www.whitehouse.gov/blog/2011/12/14/white-board-brian-deese-payroll-tax-cut?utm_source=email136&utm_medium=text&utm_campaign=taxcut

Mortgage failures - The process!

(My comment: Another huge corporation wow - Whoa already to the
bullying - GMAC)!

This move by GMAC, now Ally, is remarkably
brazen. GMAC has effectively said that Massachusetts must hew to its
demands of how to deal with foreclosures. It announced it is
withdrawing from mortgage lending in the state in an effort to bring
it to heel.

Surviving economically.

(comment) - Story discovered by me on Newsvine....  Does not look good for the average worker....

>>

By Cliff Carson, December 4 at 8:36 am Link to this comment 

This morning on CNN a man was interviewed who had been out of work long enough to have to rely on extended unemployment benefits.  His wife has been unable to find work for two years now.

If nothing changes, in January - next month - and 1.8 million families like him will no longer have any income.  And if his three at home and two at school children are typical of these 1.8 million families, then 9 million more people will have no way of buying food, paying for shelter, or getting any of the other life subsistence needs.

They will join the already approximately 22 million in the same fix.  And that will just be in January.  Another 2 million is expected to join them during 2012.