Budget hawks were stunned when the federal deficit hit a record $455 billion in fiscal 2008, which ended Sept. 30, more than double the previous year's deficit. But now, even the fiscally conservative say another doubling, to $1 trillion or more, may be inevitable if the economy is to be rescued.
James Horney, director for federal fiscal policy at the Center on Budget and Policy Priorities, said it was ''pretty likely'' that this year's deficit will approach $1 trillion. Big deficits can't be helped in bad times, he said, as the government is required to spend more to help the needy and stimulate the economy even as tax revenues decline. ''The question, of course, is what's the alternative?'' Horney said. If the government doesn't move to stimulate the economy, ''the outcome could be much worse.'' http://www.nytimes.com/aponline/washington/AP-M...
Older_Wiser
· 1 year ago
So...Google has how many contractors? More than it has "employees?"
"Let's get rid of the chopped liver." Jane Penner
Older_Wiser
· 1 year ago
OT, but John O. Brennan has declined a job with the Obama admin, saying he did not want to become a "distraction" after a liberal outcry (per MSNBC).
(Wikipedia) John O. Brennan is an American businessman and a member of the U.S. intelligence community. He was interim director of the National Counterterrorism Center immediately after its creation, and since 2005 has served as CEO of The Analysis Corporation.[1] He advised Democratic presidential candidate Barack Obama on foreign policy and intelligence issues.[2]Since 2007, Brennan has served as Chairman of the Intelligence and National Security Alliance.
WASHINGTON (CNN) -- The CEO of a company whose employee is accused of improperly looking at the passport files of presidential candidates is a consultant to the Barack Obama campaign, a source said Saturday.
Indigo
· 1 year ago
Curiouser and curiouser . . .
MaudGonne
· 1 year ago
"It appears that there were numerous ballots that were counted on election day, but that are no longer available for consideration during the recount," Franken recount attorney David Lillehaug wrote.
"This is a matter of profound concern and apparently a violation of the Franken campaign's right [and the Coleman campaign's right] to review every ballot cast on election night." And now they have photographic evidence of one of those missing ballots, stuck under a voting machine in Hennepin County. The picture was snapped by one of Franken's recount observers. http://news.yahoo.com/s/politico/20081125/pl_po...
Considering that their stock was over 800 for a short time over the summer and is now down under 300 (it did go up 26 points today) that is not surprising.
Indigo
· 1 year ago
What's with the "even" bit? Are they somehow exempt from external reality? I bet not. Of course Google is trimming, they're a business and business is down.
Soundboy_jeff_meanie
· 1 year ago
funny, its exactly the opposite at my company.
regular employees are let go, contractors are safe... and they just hire more contractors as the workload increases.
easier than paying for healthcare, retirement and other benefits.
Charles2
· 1 year ago
Is it just me, or do the CEOs and COOs talking about needing to maximize "shareholder return" starting to sound like BS? For most companies these days, aren't employees, as a group, a pretty large chunk of the shareholders?
And besides that, once you lay-off a worker, you've just lost a customer for life. Here in Rochester, there are thousannds and thousands (literally) of ex-Kodak workers who will never buy another camera or roll of film (for the traditionalists) in the Yellow and Red Box.
How many shareholder/customers can you piss off?
Soundboy_jeff_meanie
· 1 year ago
they don't care.
if you're selling most of your product overseas, who cares if you piss off the American worker?
besides, after you fire them... they don't have the money to buy your products anyway.
/snark
unrepentant_expat
· 1 year ago
So is all of this having any effect on the sales of 'Das Kapital'?
SCLiberal
· 1 year ago
Quote of the Day: "My constituents in Maryland did not turn over their hard-earned wages to fund a baseball stadium in New York, a soccer jersey in the UK, or a multi-million dollar bonus for an executive whose poor judgment helped put us here in the first place."—Rep. Elijah Cummings
Fred
· 1 year ago
The fact that Page and Brin give themselves the equivalent of a couple hundred of those "contract workers" in wages every year shouldn't be mentioned,apparently.
cab02149
· 1 year ago
Also , I suspect Google is selectively shutting access to utube segments that present the administration of George Bush unfavorably.
I also project they will add advertising to utube segments from first tiered sources.
All Comments
James Horney, director for federal fiscal policy at the Center on Budget and Policy Priorities, said it was ''pretty likely'' that this year's deficit will approach $1 trillion. Big deficits can't be helped in bad times, he said, as the government is required to spend more to help the needy and stimulate the economy even as tax revenues decline. ''The question, of course, is what's the alternative?'' Horney said. If the government doesn't move to stimulate the economy, ''the outcome could be much worse.''
http://www.nytimes.com/aponline/washington/AP-M...
"Let's get rid of the chopped liver." Jane Penner
(Wikipedia)
John O. Brennan is an American businessman and a member of the U.S. intelligence community. He was interim director of the National Counterterrorism Center immediately after its creation, and since 2005 has served as CEO of The Analysis Corporation.[1] He advised Democratic presidential candidate Barack Obama on foreign policy and intelligence issues.[2]Since 2007, Brennan has served as Chairman of the Intelligence and National Security Alliance.
WASHINGTON (CNN) -- The CEO of a company whose employee is accused of improperly looking at the passport files of presidential candidates is a consultant to the Barack Obama campaign, a source said Saturday.
"This is a matter of profound concern and apparently a violation of the Franken campaign's right [and the Coleman campaign's right] to review every ballot cast on election night." And now they have photographic evidence of one of those missing ballots, stuck under a voting machine in Hennepin County. The picture was snapped by one of Franken's recount observers.
http://news.yahoo.com/s/politico/20081125/pl_po...
http://www.defonten.az/wp-content/gallery/artwo...
regular employees are let go, contractors are safe... and they just hire more contractors as the workload increases.
easier than paying for healthcare, retirement and other benefits.
And besides that, once you lay-off a worker, you've just lost a customer for life. Here in Rochester, there are thousannds and thousands (literally) of ex-Kodak workers who will never buy another camera or roll of film (for the traditionalists) in the Yellow and Red Box.
How many shareholder/customers can you piss off?
if you're selling most of your product overseas, who cares if you piss off the American worker?
besides, after you fire them... they don't have the money to buy your products anyway.
/snark
I also project they will add advertising to utube segments from first tiered sources.
Google this: "Coming Home," the social networking site.
.