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	<title>Get a Job &#187; Employment News</title>
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	<link>http://www.getyourjobnow.com</link>
	<description>Our job blog will help you get a job!</description>
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		<title>NMLS Education an Important Part of the new National Mortgage Licensing System</title>
		<link>http://www.getyourjobnow.com/articles/nmls-education-an-important-part-of-the-new-national-mortgage-licensing-system</link>
		<comments>http://www.getyourjobnow.com/articles/nmls-education-an-important-part-of-the-new-national-mortgage-licensing-system#comments</comments>
		<pubDate>Tue, 24 Nov 2009 02:23:39 +0000</pubDate>
		<dc:creator>Kolleen</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Employment News]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[loan officer training]]></category>
		<category><![CDATA[NMLS education]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=705</guid>
		<description><![CDATA[Because the economy is slowly making a comeback and people are purchasing homes, many first-time homebuyers are trying to beat the deadline of the end of the year for the $8,000 tax credit. Numerous unemployed individuals are signing up for loan officer training because they realize when the economy does make a full recovery, loan [...]]]></description>
			<content:encoded><![CDATA[<p>Because the economy is slowly making a comeback and people are purchasing homes, many first-time homebuyers are trying to beat the deadline of the end of the year for the $8,000 tax credit. Numerous unemployed individuals are signing up for <a href="http://www.trainingpro.com/">loan officer training</a> because they realize when the economy does make a full recovery, loan officers will be in big demand because everyday ordinary people will be needing loans for things like houses, cars, boats and motorcycles and other things that are too expensive to pay out right.</p>
<p><span id="more-705"></span></p>
<p>Recently the American Association of Residential Mortgage Regulators (AARMR) and the Conference of State Bank Supervisors (CSBS) worked together to construct the new National Mortgage Licensing System (NMLS) so that states have one centralized location on the Internet to license their mortgage brokers and mortgage lenders.</p>
<p>Among its many tasks, the National Mortgage Licensing System will offer classes in various mortgage courses under the <a href="http://www.trainingpro.com/nmls-education.asp">NMLS education</a> department.  Some of the courses offered will be in alternative lending practices such as reverse mortgages, how to purchase a home in foreclosure or a house with a short sale loan attached to it.</p>
<p>AARMR’s primary goal is to help new loan officers in training with their mortgage exam prep courses so that they pass their mortgage training courses and are then able to help individuals and families navigate the mountains of paperwork needed to be filled out in order to complete the loan process.  In addition, they provide <a href="http://www.gse.harvard.edu/">education</a> and training for examiners who would be regulating the mortgage industry. They provide week-long basic examiner training courses, fundamentals of mortgage banking, for newer examiners or as a refresher course for ones who have been around for a while. The AARMR also has a three-day intensive course that is more advanced.</p>
<p>The Residential Mortgage Licensing System could be especially useful for companies operating in several different states because they will be able to renew all their licenses for all states in one place.  In addition, by having a national system, the regulators will be able to see if a company applying to do business in their state has complaints in other states.  If there are problems in another state that could be grounds for not licensing them in the state they applied for a license.</p>
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		<title>GM Layoffs</title>
		<link>http://www.getyourjobnow.com/resume-tips/gm-layoffs</link>
		<comments>http://www.getyourjobnow.com/resume-tips/gm-layoffs#comments</comments>
		<pubDate>Fri, 17 Oct 2008 07:43:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[resume tips]]></category>
		<category><![CDATA[Detroit layoffs]]></category>
		<category><![CDATA[General Motors firing]]></category>
		<category><![CDATA[General Motors layoffs]]></category>
		<category><![CDATA[GM firing]]></category>
		<category><![CDATA[GM job cuts]]></category>
		<category><![CDATA[GM layoffs]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=283</guid>
		<description><![CDATA[Oct 16, 2008 &#8211; General Motors Corp. will lay off about 1,600 hourly workers at assembly plants in Detroit, Pontiac and Wilmington, Del., as it responds to decreasing demand for trucks, large cars and luxury cars, the company said today.

The company will lay off 500 workers at its Detroit Hamtramck Assembly plant on Dec. 23 [...]]]></description>
			<content:encoded><![CDATA[<p>Oct 16, 2008 &#8211; General Motors Corp. will lay off about 1,600 hourly workers at assembly plants in Detroit, Pontiac and Wilmington, Del., as it responds to decreasing demand for trucks, large cars and luxury cars, the company said today.</p>
<p><span id="more-283"></span></p>
<p>The company will lay off 500 workers at its Detroit Hamtramck Assembly plant on Dec. 23 due to reduced demand for the Buick Lucerne and Cadillac DTS, the company reported to the state today.</p>
<p>GM Spokesman Tony Sapienza said the Detroit Hamtramck layoffs are effective Jan. 12.</p>
<p>It will lay off 700 workers at GM’s Pontiac truck assembly, where it assembles the Chevrolet Silverado and GMC Sierra pickups beginning Feb. 1.</p>
<p>The automaker will lay off 400 workers at its Wilmington, Del., assembly plant beginning Dec. 8. The Wilmington plant assembles the Saturn Sky, Pontiac Solstice and Opel GT roadsters.</p>
<p>GM spokeswoman Sherrie Childers Arb said the layoffs in Detroit and Pontiac are the result of planned line-speed reductions. The action at Wilmington, she said, is the result of plans to reduce production from two shifts to one.</p>
<p>The notice of pending December layoffs is just the latest in a cascade of layoff announcements from the struggling automaker. GM announced on Monday plans to close its Janesville plant on Dec. 23 — more than a year before originally scheduled — and new plans to close its Grand Rapids stamping plant by December of next year. Earlier this month, the company announced plans to accelerate the closure of its Moraine, Ohio, assembly plant by more than a year. That plant will also close on Dec. 23.</p>
<p>Analysts expect GM to announce more production cuts and plant closures.</p>
<p>The company is in the midst of cutting costs to increase its operating cash amid the worst auto market in more than a decade and a global economic slowdown that economists believe still could worsen.</p>
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		<title>carmax layoffs</title>
		<link>http://www.getyourjobnow.com/employment-news/carmax-layoffs</link>
		<comments>http://www.getyourjobnow.com/employment-news/carmax-layoffs#comments</comments>
		<pubDate>Wed, 01 Oct 2008 17:16:42 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[carmax layoffs]]></category>
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		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=256</guid>
		<description><![CDATA[HOUSTON &#8211; The recent financial difficulties, the impact on businesses and individuals.
Last month, the Bill Heard of the concession, announced the closure here in Houston.

Now there are only CarMax word on the Southwest Freeway May dismissed the employees because of the mediocrity of sales.
The members of the team the night met with management on Tuesday [...]]]></description>
			<content:encoded><![CDATA[<p>HOUSTON &#8211; The recent financial difficulties, the impact on businesses and individuals.<br />
Last month, the Bill Heard of the concession, announced the closure here in Houston.</p>
<p><span id="more-256"></span></p>
<p>Now there are only CarMax word on the Southwest Freeway May dismissed the employees because of the mediocrity of sales.</p>
<p>The members of the team the night met with management on Tuesday evening and tell themselves, to go home.</p>
<p>&#8220;Nobody was on foot. Person. You have given us just to return home. We have meetings and let us know what happened, but they tell us about the economy, because it is too bad for the moment,&#8221; said Jean-Pierre is an employee of CarMax.</p>
<p>The representatives of the company and the employee would talk about the situation later today.</p>
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		<title>Could Wachovia be on a Bank Run?</title>
		<link>http://www.getyourjobnow.com/employment-news/could-wachovia-be-on-a-bank-run</link>
		<comments>http://www.getyourjobnow.com/employment-news/could-wachovia-be-on-a-bank-run#comments</comments>
		<pubDate>Mon, 29 Sep 2008 02:24:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[wachovia]]></category>
		<category><![CDATA[wachovia bank]]></category>
		<category><![CDATA[wachovia bank news]]></category>
		<category><![CDATA[wachovia bankrupt]]></category>
		<category><![CDATA[wachovia news articles]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=250</guid>
		<description><![CDATA[They fell $ 3.00 to around 10.00 U.S. dollars, I do not know seems to be dangerous to trade now.

What is happening in the country? The banks are responsible for the conclusion of the left and right, the people&#8217;s confidence in our economy is down in almost record speed. Heck, even the foreigners in recent [...]]]></description>
			<content:encoded><![CDATA[<div id="result_box" dir="ltr">They fell $ 3.00 to around 10.00 U.S. dollars, I do not know seems to be dangerous to trade now.</p>
<p><span id="more-250"></span></p>
<p>What is happening in the country? The banks are responsible for the conclusion of the left and right, the people&#8217;s confidence in our economy is down in almost record speed. Heck, even the foreigners in recent months in relation to the U.S. as the &#8220;liquidation&#8221; and export of waste is no more. In the case? Some of you MAY DIRE: &#8220;Well, yes &#8230; DUH, we should worry.&#8221; Verily, I am a little worried, but not the reasons for longer than you. I&#8217;m worried because I believe that the government remains a concern, with the help of rescue while we allow, even in a situation Grimmer. I will not speculate on this issue, then I am comments, and do not respond to all e-mails. The bottom line is the less you want to see that the complete collapse of our economic structure, thereby not retrieve, no matter what time, close your mouth and let the government do, they do.</p>
<p>Any other time, if the government does not seek to interfere in the uro you brick. It ranges from the government after the Katrina response, the government not to answer, as you wish, you can be and found. NOW, our government will do what we believe to what is to protect and defend our country and where you can browse. You can use the two situations are not comparable, but they are! The government should work to the American people! It is his job! If you do not rescue, the government done its job, then you should consider in a country where the government nothing to do with its citizens.</p>
<p>Call me a socialist. Call me an idiot. Call me whatever the hell you want, but it must be done, or it &#8220;burns&#8221;, in which we find ourselves, it is currently only worsen. I think the people.</p></div>
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		<title>First US Presidential Debate &#8211; Live</title>
		<link>http://www.getyourjobnow.com/employment-news/first-us-presidential-debate-live</link>
		<comments>http://www.getyourjobnow.com/employment-news/first-us-presidential-debate-live#comments</comments>
		<pubDate>Sat, 27 Sep 2008 03:49:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[debate]]></category>
		<category><![CDATA[debate live blog]]></category>
		<category><![CDATA[debate live streaming]]></category>
		<category><![CDATA[presidential debate]]></category>
		<category><![CDATA[presidential debate live]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=241</guid>
		<description><![CDATA[Since this debate is taking place tonight, the focus in America was on the economy. The discussion will focus on foreign policy, but with the confusion of recent days and the economic collapse, everything can happen.

One thing is clear: John McCain does not go back on his work as a senator of the United States [...]]]></description>
			<content:encoded><![CDATA[<p>Since this debate is taking place tonight, the focus in America was on the economy. The discussion will focus on foreign policy, but with the confusion of recent days and the economic collapse, everything can happen.</p>
<p><span id="more-241"></span></p>
<p>One thing is clear: John McCain does not go back on his work as a senator of the United States as a &#8220;cascade&#8221;, but as a genuine effort to rescue economic masssive this bill is adopted. McCain, a genuine record of bipartisanship (Barack Obama has his party with 97 percent of all times) is perhaps the only person who really have this thing.</p>
<p>John McCain is in a no-win situation here. He had little time to prepare the debate. He has a real leadership role in a DC and try to help and to the debate &#8211; even though Obama was the first town halls he has for months. Obama said no. If McCain has not accepted the debate tonight, it would be, how it was prepared. If it has not given the economic crisis, when its own principles. Most Americans are not satisfied with the Bail Act as proposed, and there was a leak, it shows that they have the right to be: He was asked, apparently, with pork (including Joe Biden of the circle).</p>
<p>So, how does John McCain?</p>
<p>We know Barack Obama has several days, hours, the flow to the tapes of McCain in the style of debate. Maybe he improved his own.</p>
]]></content:encoded>
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		<title>Your Attitude May Be Killing You</title>
		<link>http://www.getyourjobnow.com/employment-news/your-attitude-may-be-killing-you</link>
		<comments>http://www.getyourjobnow.com/employment-news/your-attitude-may-be-killing-you#comments</comments>
		<pubDate>Tue, 23 Sep 2008 04:44:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[anger management]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=238</guid>
		<description><![CDATA[Do You fret that you are always falling behind in the things you should or could do,
and do you try to do more and more things in less and less time?

Do you become highly irritated when you aren&#8217;t seated in a restaurant immediately,
or when your plane is delayed, or when traffic holds you up?
Are you [...]]]></description>
			<content:encoded><![CDATA[<p>Do You fret that you are always falling behind in the things you should or could do,<br />
and do you try to do more and more things in less and less time?</p>
<p><span id="more-238"></span></p>
<p>Do you become highly irritated when you aren&#8217;t seated in a restaurant immediately,<br />
or when your plane is delayed, or when traffic holds you up?</p>
<p>Are you so competitive that you get angry when a child beats you at a game?</p>
<p>Do you clench your jaws thinking and double your fists during ordinary conversations?</p>
<p>If this sounds like the real you, research at Mount Zion Hospital and Medical Center<br />
in San Francisco suggests you are a heart attack waiting to happen. For many years. Dr. Meyer<br />
Friedman of Mount Zion&#8217;s Harold Brunn Institute and Dr. Ray Rosenman, now of Stanford Research International, have studied the relationship between personality and heart attacks.<br />
They&#8217;ve concluded that personality traits are a major factor in heart attacks-more important than obesity, high blood pressure and even cigarette smoking.<br />
The two cardiologist have dubbed people whose personality traits put them at highest risk Type A, and those at lowest risk Type B . Says Friedman, &#8220;At least 90 percent of all patients having heal-t attacks under age 60, we&#8217;ve found, exhibit a Type A behavior pattern.&#8221; This means that heart disease involves psychological, social and environmental factors that have been inadequately explored. &#8220;The physician must look at the patient as well as his cholesterol,&#8221; say the two researchers. Most Americans are a combination of Type A and Type B behavior patterns; the more Type A an individual is, the greater the risk. Friedman and Rosenman estimate that ten percent of urban males are severe Type A and ten percent pure Type B. Women until recently were more often Type B. &#8220;By custom they are not put in a socioeconomic milieu that encourages speed and aggression,&#8221;<br />
Friedman explains. But as times change, so does the role of women in society, and women&#8217;s liberation has produced a corresponding jump in heart attacks among women.</p>
<p>The idea that a life-style and its stresses can be a factor in heart disease is far from universally accepted. But it is winning converts as other researchers confirm these statistical and bio-chemical findings.</p>
<p>Friedman and Rosenman became interested in personality patterns in the late l950s, while both were at Mount Zion doing<br />
research into the role of cholesterol as a factor in heart attacks.<br />
With the cooperation of a women&#8217;s club, they tried to determine if higher coronary rates in men resulted<br />
because their diets were different from their wives&#8217;. The study showed the diets and blood cholesterol were basically the same. The club president then suggested the two doctors look at what was really killing off males the way they drove themselves.</p>
<p>In 1960, the Mount Zion team screened 3524 male volunteers agcd 39 to 59 and classified them by personality types .<br />
Some 3000 of the volunteers were studied for up to 8/2 years. Among them, Type As were found to have at least twice as many heart attacks as Type Bs. Moreover, the researchers subsequently discovered that a Type A&#8217;s coronary is twice as likely to be fatal; and As who survive their first heart attack have several times more risk of suffering a second.<br />
Even more surprising, Type As who never smoked cigarettes had nearly the same heart-attack rate as Type Bs who smoked.<br />
The researchers use special interviews to aid them in classifying personality types. But they find that how questions are answered-the tone of voice, volume, physical movements and expressions is a better indicator than the answers themselves.</p>
<p>The classic Type A personality the really high-risk individual is habitually impatient. constantly under stress from an urgent, pressing feeling that he hasn&#8217;t enough time, His body movements are brisk. He speaks in explosive, hurried speech, and his body seems always tense, never relaxed. He is often obsessed with numbers&#8211;of sales made, articles written, forms completed<br />
and prone to vent hostility in verbal abuse, even on family or friends.</p>
<p>&#8220;The two characteristics of Type A behavior are &#8216;hurry sickness&#8217; and &#8216;free-floating hostility,&#8217; &#8216;&#8217;say the researchers.<br />
Such individuals are in what they call a &#8220;chronic, continuous struggle.&#8221; If this struggle is not abated, they suspect, it will do little good to alter one&#8217;s diet, smoking or exercise habits. The behavior pattern is more a state of mind than station in life. &#8220;There are plenty of As among truck drivers,&#8221; notes Friedman.<br />
Type B peoples by definition, have personalities that are the opposite of Type As. This doesn&#8217;t mean Type B people are incapable of hard work, achievement, and advancing to lofty positions. In fact, they generally make better executives because they don&#8217;t rush decisions, make snap judgments, or antagonize their subordinates. &#8220;The B type knows his capabilities and limitations,&#8221; says Friedman. &#8220;The A doesn&#8217;t, and doesn&#8217;t wish to.&#8221;<br />
Type As abound among trial lawyers, TV performers, salesmen, auto racers and newspaper reporters. There seem to be more Type Bs among patent attorneys, government clerks and accountants.</p>
<p>The Mount Zion researchers can&#8217;t say precisely what produces a Type A personality, but they suspect that parental and social expectations play a large role. Most parents want their children to succeed, so they encourage, even force, them to<br />
compete in school and outside. (Psychiatrists say some people spend their lifetimes trying to live up to impossible expectations instilled in them by their parents.) And Western society undeniably encourages Type A behavior by offering special rewards to those who can think, perform, communicate, and conduct their affairs more quickly and more aggressively than others. &#8220;For many, the stress has become almost unbearable &#8221; says, Dr. Friedman. &#8220;Everybody is selling his time for money and the &#8216;good things&#8217; money can buy. Many parole officers tell me they have to acclimate long-term prisoners to this increased pace of society before they are released.&#8221;<br />
Type A behavior, then, is an outward expression of inner turmoil and desires. But the Mount Zion group has found that stress afflicting Type As apparently produces important physical changes as well, changes that may explain why Type As are far more susceptible to heart attacks. Type As have high cholesterol; increased norepinephrine, a vital chemical of the nervous system&#8217;, increased ACTH, a hormone that stimulates the adrenal glands; and low levels of growth hormone. Also, their blood clots faster than normal, and autopsy studies show that Type As average twice as much hardening of the coronary arteries as Type Bs. There is no scientific evidence as yet that changing a person&#8217;s behavior will prolong his life, although clinical impressions suggest that people who do change lengthen and improve the quality of their lives. Friedman himself suffered mild heart attacks in 1966 and 1971 and another attack in 1974. necessitating surgery. The attacks left him pondering his future. With some effort. he says, he managed to change some of his Type A behavior through what he calls &#8221;re-engineering&#8221; and others call &#8220;behavior modification.&#8221; He and Rosenman have written a book, titled Type A Behavior and Your Heart, in which they outline some steps to help those who also want to &#8220;re-engineer&#8221;.</p>
<p>Curing &#8220;hurry sickness&#8221; is basic, and part of the cure lies in realizing that relaxation is not a luxury but a necessity. The Mount Zion doctors urge eliminating unnecessary events and activities; getting up 15 minutes early to give yourself more time to dress and talk with the family; slowing down your pace of eating and drinking; taking time alone to read, dream, and analyze your life. &#8220;As you sweat over something.&#8221; they say, &#8220;ask yourself if it&#8217;s really going to make a difference in your life five years from now.&#8221;</p>
<p>The two researchers strongly urge doing one thing at a time. &#8220;Remember,&#8221; they write, &#8220;that even Einstein, when tying his shoelaces, thought chiefly about the bow.&#8221; Make an effort to pay attention to people. Focus on what they are saying; don&#8217;t let your mind wander. If you find something you are doing tends to induce tension writing reports, balancing your checkbook, ironing take short breaks. And if a particular individual constantly angers you. find ways to avoid him or her. Perhaps the best thing to do about hostility is to keep reminding yourself you&#8217;re hostile, Friedman says.</p>
<p>This is a forewarned-is-forearmed approach. The thought will surface as your temper rises, and help you realize what&#8217;s happening. Then you can check your outburst.<br />
lf all this sounds a bit like pop psychology, well, in a way it is. And if it seems rather hard to apply in real life, it is that, too. But the alternative, the doctors suggest, is even more unpleasant. &#8221;if you don&#8217;t also change your Type A behavior patterns&#8221; says Rosenman, &#8220;other protective measures against heart attack&#8211;a healthy diet, exercises, no smoking&#8211;may be largely a waste of time.&#8221;</p>
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		<title>Wall Street&#8217;s Killing Me! Are We Going To Loose Our Jobs?</title>
		<link>http://www.getyourjobnow.com/employment-news/wall-streets-killing-me-are-we-going-to-loose-our-jobs</link>
		<comments>http://www.getyourjobnow.com/employment-news/wall-streets-killing-me-are-we-going-to-loose-our-jobs#comments</comments>
		<pubDate>Thu, 18 Sep 2008 10:09:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[dow jones]]></category>
		<category><![CDATA[nyse]]></category>
		<category><![CDATA[stock exchange]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[wall street]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=225</guid>
		<description><![CDATA[These words appeared at the bottom of the screen for the entire morning segment on the stock market in the opening few minutes of The Today Show on Monday morning, September 15th This was the message conveyed to millions of housewives 80 minutes before the New York Stock Exchange was scheduled to open. The words [...]]]></description>
			<content:encoded><![CDATA[<p>These words appeared at the bottom of the screen for the entire morning segment on the stock market in the opening few minutes of The Today Show on Monday morning, September 15th This was the message conveyed to millions of housewives 80 minutes before the New York Stock Exchange was scheduled to open. The words were entirely appropriate. By the end of the day, the Dow was down by over 500, and the S &amp; P 500 was down by over 50th</p>
<p><span id="more-225"></span></p>
<p>At long last, the media are scared. I watched CNBC in the afternoon. I tuned in to see the looks on their permanent bull pages. They were visibly scared. I blame them.</p>
<p>Anyone who has read what I have been writing since last November knew this was coming. On November 5, 2007, I told to my site subscribers to short the stock market: the Standard &amp; Poor&#8217;s 500th The index was at 1500, down from 1550 a month earlier. It is now under the 1200th It lost over 50 points in one day. Subscribers Those who took my advice have done very well, and I think they are going to do a lot better as the markets continue to fall.</p>
<p>But the experts did not know. The Today Show brought on the usual in-house experts from CNBC. These were experts Money Honey (Maria Bartiromo) and Mad Money (Jim Cramer). Both of them assured viewers that this is all temporary, that there is no major problem, that it will soon be buying opportunity, the stock market will recover, yada yada yada.</p>
<p>This is what they have been saying, month after month, all year, as the nightmare on Wall Street has unfolded. This has been a nightmare ever since last October. Down, down, have gone down the stock indexes, but especially the financial stocks.</p>
<p>WEEKEND BAILOUTS</p>
<p>Lehman Brothers Holdings has gone owner. Here is a firm that was founded in 1850. It survived the Civil War and the Great Depression. It did not survive the current breakdown.</p>
<p>Anyone who thinks this crisis is some minor affair is not paying attention.</p>
<p>On Sunday night, September 14, the attempted bailout by ten major financial firms and banks fell apart when Barclays Bank said &#8220;no deal&#8221; to the request by Treasury Secretary Paulson that they each pony up to $ 7 billion a Lehman rent out. That certainly showed wisdom decision on the part of Barclays.</p>
<p>Less wisdom was shown by Bank of America, which agreed to buy Merrill Lynch. On Monday morning, Standard &amp; Poor&#8217;s, the credit rating agency, downgraded Bank of America&#8217;s bond rating to AA-, down from AA. This means that Bank of America will have to pay higher interest to creditors. S &amp; P announced that there may be another downgrading. Why did S &amp; P do this? Because of doubts about Merrill.</p>
<p>Merrill was one of the ten firms called together over the weekend by Secretary Paulson. As to how Merrill was going to pony up the $ 7 billion on a Monday morning, when it did not even survive as a separate firm on Monday morning, will be one of those curious questions that historians of 2008&#8217;s nightmare on Wall Street may want to Chat about.</p>
<p>What is the weekend showed that the Treasury Secretary declining influence. He spent the whole weekend trying to get a deal put together to save Lehman, and it fell apart at the last minute.</p>
<p>On The Today Show, there were scenes of Lehman employees walking out the door, carrying boxes of possession or pulling boxes behind them on what appeared to be luggage carts.</p>
<p>Lehman is in the hole $ 613 billion. It has assets of $ 639 billion. It will have to sell these assets to pay creditors. This will put downward pressure on the prices of these assets. Some of them are illiquid.</p>
<p>What do I mean by liquidity? This:</p>
<p>1st You can sell rapidly.<br />
2nd You can sell without a discount.<br />
3rd You can sell without advertising costs.<br />
4th You can sell with low transaction fees.</p>
<p>The problem is this: the investing world does not know how many of Lehman&#8217;s assets are illiquid. When Lehman sells in order to pay creditors, this will put downward pressure on all the markets, but especially the illiquid markets.</p>
<p>When it does, the Dominoes will continue to fall. There will be more bankruptcies, as Money Honey said on The Today Show.</p>
<p>In March, Bear Stearns was saved only by the weekend pressure of the Federal Reserve System-on-JP Morgan, which bought the shares at pence on the dollar.</p>
<p>On Sunday, September 7, the Federal Government, in the person of Secretary Paulson, announced that the Federal government was taking over the mortgage market in the United States. Over the past year, Fannie Mae and Freddie Mac have packaged 75% of all mortgage loans in the United States. The so-called &#8220;conservatorship&#8221; is in fact nationalization.</p>
<p>Congress did not protest on Monday, September 8th The public did not protest. This was a unilateral announcement by a lame-duck Treasury Secretary, and everybody in authority accepted it.</p>
<p>We have lost the free market in mortgages in the United States, and nobody blinked.</p>
<p>It&#8217;s falling apart. The entire capital structure is being hit, just as Austrian economic theory said it would.</p>
<p>&#8220;IS EVERTHING JES &#8216;FINE&#8217;</p>
<p>One of The Today Show reporter said that Lehman&#8217;s employees were disappointed because they had been told by senior management everything was all right.</p>
<p>Of course that what is said senior management. All senior management ties in a crisis. Everyone knows senior management connects &#8211; except their employees. This is the Enron factor. Senior management lie about imminent bankruptcy in the same way that politicians lie about virtually everything. If they did not lie about the imminent bankruptcy of their firms, shareholders would immediately sell the stock, which would immediately the owner firms. Senior managers hope for the best. They hope for a miracle. They hope against hope.</p>
<p>Here were highly sophisticated employees who had spent a year watching the financial markets disintegrate, and these old hands sat in their offices, selling investments that people were doomed to go down on the assumption that nobody was lying to them at the top. Talk about naive!</p>
<p>There are people who take seriously the recommendations of brokers whose jobs are so close to oblivion that they are unlikely to have a career in the industry in a month or two. Yet the poor saps listen to these people, take their advice, and lose money.</p>
<p>Why would anybody believe a stock broker today? Merrill Lynch, which was bullish on America, no longer exists as an independent organization today. It took a bailout by Bank of America to keep the organization alive. Presumably, you know better if you have been reading my warnings for over a year. Presumably, you are completely out of the stock market. If you are wise, you shorted the market no later than last November. But if you are still in the stock market, then you are in it because you have been listening to the mainstream media.</p>
<p>Now, finally, the mainstream media are frightened. This will spread fear to the general public.</p>
<p>Think of the workers at 24.000 Ex-Ex-Lehman. They work in New York City. They are in debt up to their ears. They are now unemployed. They will probably lose their homes, if they own their homes. They will not find a job in financial services.</p>
<p>The entire financial sector in New York City is in contraction mode. In 2007, 140000 jobs were lost in the nation&#8217;s financial sector in the first ten months. Over 40.000 of these were in New York City. In a report last November, we read the following.</p>
<p>Broker-dealers have been active in reducing their workforces. Morgan Stanley (900), Bear Stearns (310), Lehman Brothers (1200) and Credit Suisse (320) announced cuts in residential mortgages, leveraged finance and banking. Those institutions with significant losses, particularly UBS (1500), Citigroup (15000), and Bank of America (3000), trimming their workforces are even further and issuing warnings that may be more layoffs ahead. On October 26, Reuters reported that Merrill Lynch is expected to issue pink slips after a third-quarter net loss fueled by Leveraged Loan Mortgage and losses.</p>
<p>Yet on Friday afternoon, September 12, there were at Lehman 24,000 workers who were still on the job, still hoping for the best. They believed senior management. These people were slow learners.</p>
<p>In late March, just after the Bear Stearns fiasco, London&#8217;s Guardian reported on the estimate that 20,000 jobs on Wall Street would disappear over the next two years.</p>
<p>In short, the experts in the financial industry were blind to the magnitude of what was about to happen. They could not see that the financial sector was about to get smashed.</p>
<p>People hope for the best. They hate to face unpleasant reality. They stay on the job when it is clear that the job is terminal. This is human nature. This is why people who own stocks and mutual funds still hold them, and still take seriously Jim Cramer.</p>
<p>BERNANKE TO THE RESCUE!</p>
<p>The Federal Reserve is in panic mode. On Sunday, it announced another lowering of its standards for making loans. It used the usual bankers&#8217; jargon. The following means &#8220;the markets are falling apart. Loans on the collateral is declining in value. We are taking steps to loan money on sows&#8217; ears at silk purse interest rates.&#8221;</p>
<p>&#8220;In close collaboration with the Treasury and the Securities and Exchange Commission, we have been in ongoing discussions with market participants, including through the weekend, to identify potential market vulnerabilities in the wake of an unwinding of a major financial institution and to consider appropriate official sector and private sector response, &#8220;said Federal Reserve Board Chairman Ben S. Bernanke. &#8220;The steps we are Subscribe today, along with significant commitments from the private sector, are intended to mitigate the risks and potential disruptions to markets.&#8221;</p>
<p>I like this sentence: &#8220;market potential vulnerabilities.&#8221; It means &#8220;capital market collapse.&#8221;</p>
<p>&#8220;We have been and remain in close contact with other U.S. and international regulators, supervisory authorities, and central banks to monitor and share information on conditions in financial markets and firms around the world,&#8221; said Chairman Bernanke.</p>
<p>This means: &#8220;Things are unraveling so fast that the government&#8217;s entire regulatory structure is trying to figure out what is happening. So far, nobody has a clue. But we&#8217;re working on it.&#8221;</p>
<p>The collateral eligible to be pledged at the Primary Dealer Credit Facility (PDCF) has been broadened to closely match the types of collateral that can be pledged in the tri-party repo systems of the two major clearing banks. Previously, PDCF collateral had been limited to investment-grade debt securities.</p>
<p>The collateral for the Term Securities Lending Facility (TSLF) has also been expanded; Collateral eligible for Schedule 2 auctions will now include all investment-grade debt securities. Previously, only Treasury securities, agency securities, and AAA-rated mortgage-backed and asset-backed securities could be pledged.</p>
<p>Translation: &#8220;We are willing to loan newly created money to buy just about anything brings in the cat.&#8221;</p>
<p>These changes represent a significant broadening collateral accepted in the under both programs and should enhance the effectiveness of these facilities in supporting the liquidity of primary dealers and financial markets more generally.</p>
<p>AIG ON THEIR FACES</p>
<p>AIG is the largest insurance company in America. Wall Street Most companies are connected to AIG in one way or another.</p>
<p>AIG has the signs of a company in its terminal internship.</p>
<p>Jim Cramer made one point that I agree with entirely. He said that the real threat to the economy is now AIG. This giant insurance company needed capital infusion of years something in the range of $ 40 billion. That&#8217;s what Cramer said.</p>
<p>Before the market closed, AIG needed $ 75 billion.</p>
<p>If it goes under, who is large enough to lease it out? If the Treasury Secretary could not put together a deal to save Lehman, how he could reasonably expect to put together a deal to save anything as big as AIG?</p>
<p>Cramer mentioned the possibility that the Federal Reserve would have to intervene. He was not alone. By late afternoon, when the Dow Jones Industrial Average had fallen over 400 points, CNBC interviewed two experts. One looked grim. He spoke of the need to preserve confidence in trying times like now. The other one agreed, but said the Fed may not intervene.</p>
<p>When the stock market opened on September 15, AIG&#8217;s share price was up 41% at $ 7th Last October, it was at $ 70 In early August, it was at $ 30 It was under $ 6 by the afternoon.</p>
<p>This is a collapse. When a stock falls 90%, a financial company is as good as finished. Potential customers will not become customers. Old customers will flee.</p>
<p>By the end of the day, the Federal government had asked the last two surviving investment banks, JP Morgan and Goldman Sachs, to intervene and put together a $ 75 one billion package rent out to AIG.</p>
<p>Money Honey by 3:30 pm announced that AIG had lost $ 19 billion in capital in less than one day trading. The market value of the stock was $ 14 billion. In less than one day, it lost over half its value. The share price declined from $ 12 to under $ 6</p>
<p>The guy she was interviewing, Win Smith, said AIG is too important to fail. &#8220;AIG has to survive.&#8221; When looking harried some guy who looks bleak years on camera outfit says that &#8220;really has to survive,&#8221; it&#8217;s as good as gone. He said, &#8220;It must go forward.&#8221; Do not bank on it. Who is Mr. Smith? He is the former chairman of Merrill Lynch International. He said everything is fine at Merrill. The merger with Bank of America is great.</p>
<p>His training use is gone. This is great, he says. Up is down. Black is white. There is good news ahead.</p>
<p>The government is grasping at straws. There will be no bailout for private firms without government guarantees against losses. AIG is a huge stack of liabilities. Who wants them?</p>
<p>The experts did not see this coming. But they want us to believe them when they tell us that the worst is behind us, so do not sell your shares, including panic, yada yada yada.</p>
<p>An insurance company holds lots of long-term debt. This means bonds and mortgages. Lots and lots of mortgages. These are liquid in normal times, but in a panic sell-off, they are not.</p>
<p>What happens if AIG declares bankruptcy and is forced to unload its portfolio quickly? Who will buy the toxic waste that has led to the company&#8217;s precarious position?</p>
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		<title>tcs firing</title>
		<link>http://www.getyourjobnow.com/employment-news/tcs-firing</link>
		<comments>http://www.getyourjobnow.com/employment-news/tcs-firing#comments</comments>
		<pubDate>Wed, 17 Sep 2008 15:45:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[ibm firing]]></category>
		<category><![CDATA[infosys firing]]></category>
		<category><![CDATA[infy firing]]></category>
		<category><![CDATA[satyam firing]]></category>
		<category><![CDATA[wipro firing]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=222</guid>
		<description><![CDATA[TCS said that because of its short targeted tax receipts (read profit), there is reduction in the wages of employees on the basis of their system of internal ranking.

For example, which become a good interpreter, they will receive a salary by 10%
The next stage of performers, they have cut by around 15% of these species.
This [...]]]></description>
			<content:encoded><![CDATA[<p>TCS said that because of its short targeted tax receipts (read profit), there is reduction in the wages of employees on the basis of their system of internal ranking.</p>
<p><span id="more-222"></span></p>
<p>For example, which become a good interpreter, they will receive a salary by 10%<br />
The next stage of performers, they have cut by around 15% of these species.</p>
<p>This message is not official and the official information on this will very soon.</p>
<p>Hope IBM is not signed to this policy &#8230;</p>
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		<title>infosys firing</title>
		<link>http://www.getyourjobnow.com/employment-news/infosys-firing</link>
		<comments>http://www.getyourjobnow.com/employment-news/infosys-firing#comments</comments>
		<pubDate>Wed, 17 Sep 2008 12:16:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[accenture firing]]></category>
		<category><![CDATA[infy firing]]></category>
		<category><![CDATA[satyam firing]]></category>
		<category><![CDATA[tcs firing]]></category>
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		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=220</guid>
		<description><![CDATA[Before the evolution of computers in business world, India was considered to be the nation of snake charmers, beggars and yogis. Today the survey about this country has completely changed. Now India has become center of hi-tech software development facilities, cutting-edge R &#38; D Center and 24 Ã— 7 busy call centers. Now IT companies [...]]]></description>
			<content:encoded><![CDATA[<p>Before the evolution of computers in business world, India was considered to be the nation of snake charmers, beggars and yogis. Today the survey about this country has completely changed. Now India has become center of hi-tech software development facilities, cutting-edge R &amp; D Center and 24 Ã— 7 busy call centers. Now IT companies in India are biggest employers. Generally we see on TV channels and newspapers are software companies are hiring thousands of professionals every week. But you will be surprised to know that some of them are also firing at the same rate. Today I am posting the list of India&#8217;s most hiring and firing IT companies. India&#8217;s most companies are hiring TCS, Infosys, Satyam, Cognizant, HCL, Wipro. But I know you will be more interested in firing most top IT companies, so here comes the list. Now to come Infosys Firing &#8230; Infosys is the most secured company in India. Infosys &#8211; Dream job. On a way to achieve the status of a secured, stable Govt. Company. Satyam &#8211; Currently stopped firing. The attrition rate is very high. No firing from 2005 until now when 1000 employees were fired in Hyderabad. Infosys &#8211; Hire and Fire Buoyant market conditions and increasing demand for people will see Infosys Technologies adding a little more than 28000 people during the current fiscal as against its projected number of 25000th Meanwhile, for the first time perhaps, there is&#8217; involuntary attrition &#8216;, Infosys firing with people who do not measure up performance wise. For the second quarter of the current fiscal, Infosys made a gross addition of 10795 people, which is the highest for any quarter in its history, the company said during the announcement of its second-quarter results. For the quarter, it made a net addition of 7741 and takes its total headcount to 66150 as against 58409 people in the first quarter. The distribution of its headcount was also spread across its different business units, while software added services 7900 followed by its BPO operations at the 2628th The rest were among its various subsidiaries like Australia, China and business consulting. Mr TV Mohandas Pai, managing director, human resources, said they would be adding 9500 people in the next two quarters of the current fiscal has already made offers for freshers and 13000 for the coming tax law. The fresh hirings will see bulk of them coming from Bangalore Karnataka as has already reached the saturation, he said. However, in line with its increased hiring, the rate of attrition Infosys also showed a 1 pct from 11.9 pct increase in the first quarter to 12.9 pct in the second quarter. Satyam firing people is 500% true Satyam gives just like that offers original target 3 months to 2 years or complete till u 3 yeras is no guarantee theyâ€¦â€¦ any time you want to chuck out if peopleâ€¦ not a pink slip .. u put down the papers or we will terminate uâ€¦ .. Very funny company with out ETHICSâ€¦â€¦. Genuine For many people, this company has done too bad. Played with careers and have all the bad luck to the future of this company. I wish all associates from satyam please push of before the new polocies etc. come in one picture to fine DAY. If you talk more .. HR will issue a termination under integrity issue. Ways any GUY .. try Company for any other like IBM, HP, etc. CTS, TCS .. but not SATYAMâ€¦. SATYAM is too bad for that matter. They feel proud of themselves because no body to praise. Employees fired, i have seen this month, just for 1 month diff also they want to see all the bank statements since year 2002, etc. I understand but you know satyam is number one company is catching people. In the induction, etc. only they take Bonds etc. so that they can come back and catch any one. SATYAM is also going under losses .. 200 to 300 are on each bench.in center. This company also has some many people who are unfit to work in HR management. just imagine they recruit us, feel shamed to know. HR also does boss&#8217;ism in SATYAM. especially if they feel as they are giving the projects from their pocket. However my guess is down the line in future this company will have a major set back. i pray that god doller should fall and First comapn to be affected is very badly satyam. Please find my real case: they follow a very stragic way to fire people when they ever want to fire the employees. The most risky company in INDIA. Every month atleast 100 to 500 people are thrown out with a single day notice. Imagine If you dont have a project or dipping doller .. SATYAM states have to close if the dollar becomes 32 are however they try to expand the bussiness in other areas as well very fast to catch up the task. They will ask the bank staements possession of complete starting the day u join the company lets take last five years or 7 years to pull out some body of company if not required for the project is saying your BG RED and please justify. So the day they check every thing u started the employment to some how to catch a person. Satyam fired from 560 this month hyderabad giving BG RED. genuine experience real people were also fired saying BG RED and people are literally suffereing. My sincere proposal is better secured find a company rather purely per customer revenue and rather. serching jobs rather start, or you will also be one like me who lost job even after having 5 years of real time. The most unsecure Company. against the U.S. dollar ifâ€¦ please get out of the places like satyamâ€¦ .. .. i can say you people will learn a lesson for playing with employees.<br />
Before the development of computers in the business world, India was considered the nation your charm snakes, beggars and yogis. Today is the idea that in this country has radically changed. Now, India has become a mid Hello technology for the development of software, avant-garde centres of R &amp; D and 24 x 7 call centers. Now IT companies in India&#8217;s largest employer. In general we see on the newspapers and television stations are software companies that recruit thousands of experts every week. But you will be surprised to know that some of them are also opened fire on the same rhythm. Today, I am the list of India, the recruitment and dismissal of IT companies.</p>
<p><span id="more-220"></span></p>
<p>India most companies are location TCS, Infosys, Satyam, awareness, HCL, Wipro, etc. But I know that you are more interested in shooting most of the top IT companies, as is the list.</p>
<p>Come now Infosys cooking fields &#8230;</p>
<p>Infosys is the safest company in India.</p>
<p>Infosys &#8211; Dream job. On a means to achieve the status of an insured, stable Govt. Business.</p>
<p>Satyam &#8211; is no longer shoot. The attrition is very high. No shot from 2005 until now, that 1000 employees were dismissed in Hyderabad.</p>
<p>Infosys &#8211; rental and for the prevention of fires</p>
<p>The dynamics of market conditions and rising demand for people to see, Infosys Technologies for adding a little more than 28000 people in the course of this fiscal year compared to their number of 25000th During this time for the first time perhaps, it is &#8220;random attrition&#8221;, with Infosys shot people who do not measure the performance, not clever. For the second quarter of the current fiscal year, Infosys has a gross more than 10795 people, which is the highest for a quarter of its history, society, said at the announcement of its second quarter results. For the quarter, it has a net addition of 7741 and takes its total workforce 66150 to 58409 persons in the first quarter. The allocation of staff was also distributed among the various business units, while the added software services, 7900, followed by its outsourcing operations in the 2628th The rest took place between various subsidiaries such as Australia, China and the consultation of the company. Mr TV Mohandas Pai, Managing Director, Human Resources, said they would need to add 9500 people in the next two quarters of the current fiscal year and has already 13000 offers for freshers for the next financial year. The new settings to see majority of them from Bangalore, Karnataka, has already reached the point, saturation, he said. However, online with the increase in its attitude, the rate of attrition Infosys also showed an increase of 1 pct from 11.9 pct in first quarter to 12.9 pct in the second quarter.<br />
Satyam shot persons is 500% accurate</p>
<p>Satyam offer, however, there are just as from 3 months to 2 years to complete, or up to 3 years, it guarantees you at any timeâ€¦â€¦â€¦ people terminal if it is not a circular letter from ROSE .. and the documents submitted, unless we quit andâ€¦ .. Very funny society without ETHICSâ€¦â€¦.</p>
<p>For many real people, the society has become bad. Played with the quarries and wishes all disaster for the future of this society. I wish all associated satyam please press before the new polocies etc. are in the picture a nice day. if you know, more .. HR issue of stopping the use on the question of integrity. All possibilities, GUY .. try, for all other companies such as IBM, HP, etc. RTC, SDC .. â€¦ But not SATYAM.</p>
<p>SATYAM is too poor to settle the issue. They feel proud of himself, because no organ of praise. The employees went, I saw this month, for 1 month diff also want all log Bank since 2002, etc., I do not understand, but you know satyam is the number one thing is the inclusion of persons. In the induction, etc. they only obligations, etc., so that it again, and a whole collection. SATYAM currently also in the context of losses .. 200 to 300 are in any bench.in center. The company also has some of the many people who are not likely to work in the management of human resources. imagine that we recruit to feel to know shame. RH not even in boss&#8217;ism SATYAM. In particular, they feel as if projects from their own pocket. However, I appreciate the line in the future, the company has a set back. I ask God that dollar and the First comapn affected, is very bad satyam.<br />
Please find my real case:</p>
<p>they follow a very strategic way to fire if they want people ever to fire employees. The risk ventures in India. Every month at least 100 to 500 persons cast, with one day notice. Make If you do not project or a soaking States dollar .. SATYAM must be closed if the dollar is 32, they will try, however, the expansion of the business in other areas very quickly catch up to the task. They will ask to the bank staements full mandate from the date of the company is allowed, on the last five years or 7 years to get out of some body of the company, if it is not necessary to say your project, BG is red and explain why. it will also mean any thing, the day and began work in a certain demand, as a person. Satyam from 560 this month from Hyderabad, BG RED. actual experience with real people were also out, he said BG RED and people are literally suffereing. My proposal is better, honest, a company and guaranteed not only in relation to the customers and revenue. Serching top jobs and not, or you&#8217;re also, as I have lost the work, even after 5 years of real-time. Most not guaranteed. before the fall of the dollarâ€¦ please from places like satyamâ€¦ ..<br />
I can tell you .. People learn a lesson to play, with the staff.</p>
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		<title>Boeing Strike</title>
		<link>http://www.getyourjobnow.com/employment-news/boeing-strike</link>
		<comments>http://www.getyourjobnow.com/employment-news/boeing-strike#comments</comments>
		<pubDate>Thu, 04 Sep 2008 05:36:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[boeing]]></category>
		<category><![CDATA[boeing union]]></category>
		<category><![CDATA[iam 751]]></category>
		<category><![CDATA[seattle news]]></category>
		<category><![CDATA[seattle times]]></category>

		<guid isPermaLink="false">http://www.getyourjobnow.com/?p=146</guid>
		<description><![CDATA[

Boeing has a better final &#8220;proposal for a contract with the largest trade union and made some concessions to the employees&#8217; representatives in order to avoid a strike.
It was said that over the next three years, Boeing delivers an average of 34000 U.S. dollars added to the salaries and bonuses to employees in the course [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter" src="http://sg.yimg.com/xp/reuters/20080904/03/3810638266.jpg" alt="" width="249" height="173" /></p>
<p><span id="more-146"></span></p>
<p>Boeing has a better final &#8220;proposal for a contract with the largest trade union and made some concessions to the employees&#8217; representatives in order to avoid a strike.</p>
<p>It was said that over the next three years, Boeing delivers an average of 34000 U.S. dollars added to the salaries and bonuses to employees in the course of the International Association of machinist and workers in aviation.</p>
<p>Boeing&#8217;s previous proposal, 28000 U.S. dollars.</p>
<p>Peter Jacobs, analyst for the aviation industry form Ragen MacKenzie says Boeing seems to be another important, I think that the possibility of a strike considerably decreased.</p>
<p>IAM members should vote to 3 September. Secondly, the present, lasted 36 months running. If there is no new contract, the unions in the strike on 4 September.</p>
<p>If more than 34 percent of the members of a union of Boeing approved last proposal, to avoid the strike. Since it is necessary to more than two-thirds majority of the members voting against the proposal.</p>
<p>Any further delay would strike the time of the Boeing 787 Dreamliner delivery, which is essential for the company&#8217;s future financial situation.</p>
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