Word: laids
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...Unger. In the 1930s, you could throw 10,000 people with shovels at dam or road projects. Today the work of 10,000 shovels is done by a few machines - and it was a lot easier to persuade farmers to switch to ditchdigging than it would be to get laid-off hedge-fund traders to switch to sewer repair, appealing as such an idea might be. (See pictures of the global financial crisis...
...alternative would involve reshaping what it means to work in America. Such a plan would start by changing what it means to be jobless. To begin with, this would require a massive increase in job retraining, one that assured that every laid-off worker had a chance to learn a new skill and years of funding to master it - instead of the six-month shots now generally offered. The Administration's proposal to increase funding to community colleges is a start. But it's only a start. Ideally, the White House needs to propose an omnibus employment-emergency bill that...
...spending by 5 percent—on top of a 7.5 percent reduction announced in February—salary-related budget allocations will not be subject to further cuts. In April, Yale administrators said that no more than 100 of the total 9,000 non-faculty employees would be laid off. Harvard has laid off 275 employees, out of a staff of 13,000. The so-called Yale model of endowment management—characterized by significant exposure to nontraditional, illiquid asset classes including private equity—has come under attack in recent years as many university endowments, including...
...made lake that actually serves a business purpose. The south end of Hyco Lake feeds cooling water to a massive power plant owned by Progress Energy. The plant employs 268 people and generates up to 2,425 MW of electricity. In January, just after he was laid off, Whitfield called human resources at Progress to see about a job. The Roxboro power plant employs six supply-chain analysts, says Harry Sideris, the plant manager, but he doesn't need any more. Even if he did, Sideris says, Progress has a soft hiring freeze in effect and is filling only essential...
...does. It is a word that easily applies to a gallery that traffics ideas more so than saleable products. Yet the owners insist that the cultural connotations of the Gallery’s name were an afterthought. It is exactly this kind of accidental hipness that characterizes the laid-back gallery. “What we’re doing feels new and exciting and a little off the grid,” Phelan says.The Gallery has focused on giving space to performance art in an effort to make it more “permanent.” With Meme...