recessionomics
Flotsam & Jetsam
Sluggish Microsoft To Fire Hundreds This Morning
2:57AM Ryan Tate | Microsoft will begin its third 2009 layoff round as soon as this morning, TechFlash reports, because the software giant’s growth has slowed considerably. Conference rooms are already reserved. More »
Online
MySpace’s Future: Online Slum For Depression Refugees
6:18AM Ryan Tate | It’s hard to imagine much of a future for MySpace. Which is probably why it took a science-fiction author to do so: Bruce Sterling says the flagging social network is an ideal shantytown for the nihilistic unemployed. Compelling! More »
Online
Google: Our Employees Should Be Grateful They’re Not Starving
8:54AM Ryan Tate | Google used to say its lavish perks bolstered productivity and, if anything, would only grow more posh. But a recession changes things. Now the official line is more like, just be happy you’re working, you ungrateful f—king pigs. More »
Online
Google Billionaires Say Happy Days Are Here Again
3:30AM Ryan Tate | Good news, jobless poors: The recession is over, according to the billionaire nerds who run Google. Their computers told them so, and now the executives are in New York to spread the word and count their gold bars. More »
People
Rotten Teeth
4:14PM Andrew Belonsky | To increasingly impoverished Main Street, USA, Britney Spears recently spent $US3000 on candy. Riot! More »
Print
New York Times Execs Are Overpaid Even By Their Own Standards
1:15AM John Cook | The New York Times, which six months ago forced staffers to take a 5% paycut, has been overpaying its publisher and CEO for nearly two years in violation of its own compensation rules. We’re supposed to bail these people out? More »
Flotsam & Jetsam
Time To Work Yourself To Death
6:20AM Hamilton Nolan | The Way We Live Now: On the job. Who can afford to retire? Who can afford to take a vacation? Who can afford to stop thinking about making money for one single instant? Nobody we know. More »
Flotsam & Jetsam
It Pays To Be An Unemployed Teen In Britain
5:39PM Andrew Belonsky | American teenagers are facing distressingly high levels of unemployment. So, what should they do? Get a job? No way! They should move to the UK. More »
Flotsam & Jetsam
Let Broke Teenage Lotto Winner Be A Lesson
5:55PM Andrew Belonsky | Callie Rogers was once the world’s luckiest teenager. You see, at the tender age of 16, Ms Rogers won a £1.9 million lottery. That was, at the time, about AU$3 million. Now it’s all gone. That’s good and bad. But mostly bad. More »
Big Screen
