https://news.yahoo.com/s/ap/20100419/...overy_left_out

My son is in a business school at a leading university and close to graduation. He says many of the students are putting off graduation due to the high unemployment rates and the decline in hiring new grads in business. They are waiting till things pick up so their diploma will be fresh, not sitting in a drawer unused for years.

My son thinks these university professors have their fingers on the pulse of the economy due to their frequent communication with large businesses and through work fairs that the university business school provides. The verdict this month is more of the same for the most part but some businesses are projecting postive changes in the not so distant future.

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If you believe the recession is ending, you're Nuts!
Just check out prices on EVERYTHING you usually buy at every store
where you shop. Shipping costs alone due to the higher costs of gasoline
are sending prices up on everything else.
More stores/shops are closing in many areas, putting even more people out of work. More homes being foreclosed on, making more people
homeless. Food banks are begging for donations of food/money to help
ever more people.
States are bankrupt due to fewer people paying taxes. Many local
services are being cut or downgraded.

Wake up Folks!

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May you always have..Love to Share, Health to Spare, and Friends that Care!

Yep, in my state headlines read last week that medicaid payments to medicaid providers were to be withheld until July due to lack of funds.

I wonder how many job losses this will create and how many facilities will go down under this stress. If you have a 30 percent bed allocation for medicaid and they don't pay you anything for months that could do a lot of business in.

Interesting read. But on the other hand, few members here were affected by the recession, I mean major impacts such as job loss.

Perhaps not here but on another forum I sometimes go to it is a different story. Guess it all depends on where you live and what industry your community relies on. There is difinately a hiring hold on grads from business school which of course is the upper eschelon of the employment tier in business. Businesses are opting for picking up new employees from the unemployed ranks that have tons of business experience. Three years ago my son expected to come out of that school and get a job right away and start around 50 or 60 thousand a year. If its happening these new grads them some very bad things are happening to others.

The recession is not ending and IMO, it is getting a little worse. I sent that articl eto an accountant friend and he said it is actually so bad out there, that they (pres admins and media) are deliberately trying to make it sound worse so when the tax returns come in and stimulus s money gets spent in june, things will look rosier for nov. Believeable.

I think/see it's getting worse too, Saved.
A grandson of mine who graduated last year w/a degree in Business
has taken a job and recently finished training as a policeman for a local
and adjacent community for $40K a year. It was the only thing available
at that time. Lots of jobs available for fast food places at minimum pay,
but a grad can't pay back college loans on that kind of money.

Earlybird, do not get me started! I am sick of seeing these college profs at 4 yr and university levels (I worked at colleges from 06-09 and teach at a junior college now) . You would not believe how much they pull down and many of them after tenure do not do a damn thing. I did my PhD at Kent State and see 65 yr old profs pulling down 90-110k who work 20 hrs a week and get every seventh year off (it is called sabatical, you get either a semester off at full pay or a yr off at half pay). (Hey, I would do the same and I fully admit if I had a yr of at half pay I would be in south america somewhere or the caribbean and kevin would need an alcohol problem forum).

But my main complaint is colleges have increased tuition and boarding costs way more than inflation for the last 25 yrs. Tuition should be HALF in my opinion and boarding should be also. All these kids graduation 70-100k in debt is scary.

I have one friend who gets 3 weeks vacation a yr (use it or lose it vacation) in which for the past 2 yrs has lost 2 of the 3 weeks. He is too scared to take time off.

Another friend lost his job a couple yrs ago. Same thing, use it or lose it vacation time. His last yr he took a whopping one day!

I am hearing these scenarios are not uncommon in today's economy.

Heres somebody who is sure the recession is not over and how people are defaulting on credit and living the high life instead of paying it off.

https://www.taipanpublishinggroup.com...ly-041910.html

LMAO A friend who is a financial advisor was just telling me about this yesterday. From 07 - 09 I was living in sarasota FL and I saw a lot of people who just stopped paying their mortgages to live the highlife.