Aviva cut 2,500 jobs globally last year and has made annualized cost savings of 275 million pounds through its efforts so far.
via Insurer Aviva to cut 2,000 jobs and redundancy payouts – chicagotribune.com.
The ax is falling in the UK.
Aviva cut 2,500 jobs globally last year and has made annualized cost savings of 275 million pounds through its efforts so far.
via Insurer Aviva to cut 2,000 jobs and redundancy payouts – chicagotribune.com.
The ax is falling in the UK.
We are quickly becoming a nation of permanent freelancers and temps. In 2006, the last time the federal government counted, the number of independent and contingent workers—contractors, temps, and the self-employed—stood at 42.6 million, or about 30 percent of the workforce. How many are there today? We have no idea since 2006 was the last year that the government bothered to count this huge and growing sector of the American workforce.
Traditionally, being self-employed used to come with a social stigma; you were self-employed if you couldn’t get a “real job.” Work was inconsistent and so was the pay. Today, the opportunities for contingent, project-based work are exploding, as is the development of tools that allow people to work independently across industries like software, design, marketing, legal services, architecture, healthcare, and engineering.
via America: A Nation of Permanent Freelancers and Temps – Jeremy Neuner – The Atlantic Cities.
Ian Fraser: HSBC’s $1.9 Billion Settlement Sets (Another) Dangerous Precedent « naked capitalism.
Taibbi, Spitzer Fume Over HSBC Settlement | | Rolling Stone.
HSBC Critic: Too Big To Indict May Mean Too Big To Exist : NPR.
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OK, just one comment. WTF???
FREE BOOK (depressing topic but FREE).
By James Kwak
I contributed a chapter to Is U.S. Government Debt Different?, a book published by the Financial Institutions Center of Wharton. It includes chapters by many people more distinguished than I, such as William Bratton, Peter Fisher, James Hines, Howell Jackson, Deborah Lucas, Steven Schwarcz, Richard Sylla, and others. You can download the whole thing for free at the link above. Enjoy.
The 2010 Federal Reserve Survey of Consumer Finances – a triennial survey of a random sample of American households conducted for the Fed by a University of Chicago-based survey research group – shows the large drop in self-employment income that occurred during the recent economic downturn.
via The Battered Incomes of the Self Employed | Small Business Trends.
No place to hide in this Great Recession.
So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?
via Chart Of The Day: When $0.99 Becomes Unaffordable, We Have A Problem | ZeroHedge.
It has been a long, long time since I had a Scary Chart post. Well, your wait is over.
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