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Business Week:
Messaging with the boss much? Maybe you ought to be. Workers who have strong communication ties with their managers tend to bring in more money than those who steer clear of the boss, according to a new analysis of social networks in the workplace by IBM (IBM) and Massachusetts Institute of Technology.The research, released (Read More)
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Submitted by Andycoote:
Commercial Farmers Union President Trevor Gifford said 77 properties had been occupied in the last fortnight.MPs, police, the military and Reserve Bank of Zimbabwe officials had taken part in the invasions, he said.Many of the farmers targeted recently mounted a successful legal challenge to government land reforms, he adde (Read More)
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EurekAlert! - Breaking News:
Psychologist Tad T. Brunye from the US Army Natick Soldier Research, Development and Engineering Center (NSRDEC) and Tufts University, along with Tali Ditman, Caroline R. Mahoney and Holly A. Taylor from Tufts University and Jason S. Augustyn from the US Army NSRDEC, investigated how pronouns can influence the way we imagin (Read More)
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guardian.co.uk Society:
Peter Stone was approaching the end of a long career in the army when he witnessed an event in Croatia in 1995 that was to ruin the next decade of his life. Walking through a village, he came across three Croatian children, aged 11, nine and seven. A father of four himself, Stone's instinct was to talk to them. He even reac (Read More)
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business
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Submitted by Andycoote:
Ford Motor (F) lost $14.6 billion in 2008, its worst annual performance in 105 years, as the U.S. auto market collapsed in the fourth quarter. But the company is sticking to its plan to not ask for U.S. Treasury loans, counter to what rivals General Motors (GM) and Chrysler are doing to cope with historic losses.More import (Read More)
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Business Week:
President Obama's order to the Environmental Protection Agency to review whether to grant a government waiver that could allow California to pass tougher fuel economy and emission standards for automakers than the federal government could significantly change the vehicle choices consumers have in the next decade.If the EPA (Read More)
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Submitted by Andycoote:
NEW YORK (CNNMoney.com) -- Investors this week will face the largest batch of company report cards yet, in what is quickly shaping up to be the worst quarter for corporate profits in a decade.The earnings avalanche will test the market's mettle. Last week, the Dow fought back after falling below the 8,000 point psychologica (Read More)
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Submitted by Andycoote:
Microsoft has said it will cut up to 5,000 jobs over the next 18 months, including 1,400 immediately.
The firm also reported a net profit of $4.17bn (£3bn) for the three months to 31 December, down 11% on last year and less than analysts' expectations.
Microsoft added it was. (Read More)
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Business Week:
In an inaugural address at once soaring in style and optimistic in tone, President Barack Obama kept the economy front and center, quickly making the case that tackling the country's deep economic problems would require both bold, immediate action and sweeping changes to the nation's infrastructure and its energy and health (Read More)
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Submitted by Andycoote:
Can an interest rate of zero be too high? Unfortunately, yes. A new analysis by Goldman Sachs (GS) concludes that the Federal Reserve's cut in the federal funds rate to a record low of zero to 0.25% on Dec. 16 isn't going to be nearly enough to get the economy going again. The report says the Fed would need to reduce the fe (Read More)
Jan 20, 2009
: Quote "the Fed would need to reduce the federal funds rate to negative 6% by the end of 2010 to supply the needed amount of monetary stimulus."Would anyone care to hazard an opinion of how 'negative' rates would actually play in the real world. Would the banks give us money for borrowing from them? - I'm guessing not btw. 1
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Business Week:
Roger Payne, an auto mechanic near San Antonio, took the recession in stride and decided to move his business closer to home. As in, to his backyard. Payne, who quit his old repair job eight months ago to strike out on his own, runs Painless Automotive from his silver tin garage."I'm just slammed here. I've got three engine (Read More)
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Silicon Alley Insider:
Apple (AAPL) CEO Steve Jobs will take a medical leave of absence until the end of June. Apple COO Tim Cook will take over for Steve Jobs until then. Trading is halted.In a letter to Apple employees, Steve said, "during the past week I have learned that my health-related issues are more complex than I originally thought." La (Read More)
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ClusterStock: Tech:
The global economic collapse has been rough on everyone. But it's been really rough on these guys. Do these moguls still have more money than you'll ever make in 178 lifetimes? Of course! (In most cases. Some of them have been wiped out.)But it's not every day that you wake up and realize you've lost, say, $30 billion (ca (Read More)
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Submitted by Andycoote:
Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit crisis and soaring job losses, none of which are likely to ease anytime soon.The Commerce Department reported Wednesday that retail sales dropped 2.7 percent last month, (Read More)
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Dec 17, 2008
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