Monday, July 18, 2011

Lay-offs!

Cisco will lay of 11,500 workers this year in its attempt to cut costs and refocus. Borders will close its remaining 400 stores immediately, putting 11,000 employees out of work.

Cisco's CEO's compensation in 2009 was over $12 million. Border's CEO's compensation in 2009 was $850,000. These are the people who, according to some, shouldn't have their personal income tax rates raised as they are the job creators in this country. 

Eliminate The Debt Ceiling Altogether?

Moody's suggests U.S. eliminate debt ceiling | Reuters

What financial hit could YOU take next month?

How the US debt ceiling could hit your finances - More Money - Money Magazine's personal finance blog