"(Workers who are still employed, too, may find their circumstances reduced along with their bosses’. “I got a 20% pay cut,” someone posted on the UrbanBaby chat boards last week. “Should I give one to my nanny as well?”)"
The trickle down effect of the economy is taking a toll on so many. According to the NY Times article a mother in Dominica can not be as supported by her daughter who lives in America and works as a nanny and house keeper because her bosses' real estate business is failing due to the economy (loss of jobs, credit freeze, borrowing Peter to pay Paul, banks going out of business, Bush. Its all a hot mess, pick one; it will be the right answer).
This is affecting so many lives and will for years to come. This struggle is and will be so hard for so many. I would take the 20% pay cut over the job loss any day. I've looked at a homeless person and wondered, "How or why did that happen?" Now its not so hard to imagine how or why. Our lives can take any direction if the pendulum continues to get closer. Restoration and new plans or ideas need to happen fast!
Friday, December 12, 2008
Domestic Workers Feel the Trickle Down Effect
Thursday, December 11, 2008
Where there is a will, there is a way.
So apparently this is one of the reasons people with money are hiding, because they are embarrassed to shop. “Shopping is almost embarrassing, and a little vulgar right now,” said Ms. Buckley, an editor at Allure magazine.
I found these images to be hilarious. These people have problems. They are shopping anonymously because they have an addiction. They are shopping online so no one sees them out there physically shopping in these hard times. They can't help but to spend until the money runs out and unfortunately for some of them it will. This should make them see they need to seek help, but I guess its good for the economy.
Wednesday, December 10, 2008
A Sign of the Times: Make money on You Tube
Michael Buckley has ceased an opportunity and is finally getting the payoff. He launched a show on You Tube in 2006 and is finally make enough to quit his day job. He making about $100, 000 from advertisement placed within and around the video and You Tube splits the cost with Michael Buckley. The more viewers, the more money he makes. Times are getting harder, so here is an option for plan b.
Slow Day
People are losing jobs all over the world. Sony will cut 20,000 jobs within the next 3 years. The stock market is still doing badly. A governor tried to sell Obama's Senate seat. Jay Leno will be on prime time television five nights a week at 10pm (I don't get that one). There isn't anything really thrilling for me to write about.
Monday, December 8, 2008
Walmart is going to sell the iPhone.
It is really true, Wal-Mart will be selling the iPhone, but it won't be $99. It seems this is an Internet rumor. This is major news, but price will be the leading factor in this "merger." Unless the iPhone is sold through Verizon, they won't get my money. The results should be pretty interesting.
Give Them Their My Money!
Republic Windows and Doors is closing one of its factories. It employed 250 workers who are now laid off. The workers are owed vacation and severance pay and were not given the 60 days of notice generally required by federal law when companies make layoffs. "Workers also pointedly blamed Bank of America, a lender to Republic Windows, saying the bank had prevented the company from paying them what they were owed, particularly for vacation time accrued." One very interesting point from one of the workers was, "“Here the banks like Bank of America get a bailout, but workers cannot be paid?” So the former employees have decided to form a sit in and refuse to leave the factory until they get their money. I wonder how long it will take before they give those people their money.
Sunday, December 7, 2008
Cadillac Records the Movie
Cadillac Records the movie was (honestly) a really good movie. Beyonce was great (that really is not a bias opinion). I don't think her role in the film is Oscar worthy as the buzz is in Hollywood, but she truly turned the Etta James character out. She played her with what my friends and I call "a really stank attitude" that you just love.
One of my favorite actors, who I've seen at the Public Theater, Jeffery Wright plays Muddy Waters. Adrien Brody was good and although he was the lead. I felt he was mostly supporting the supporting character; which means he did a great job because that is what Leneord Chess, the character he plays, did. Columbus Short does an amazing Little Walter and I found myself excited to see what he would do next throughout watching the film. Eamon Walker does a haunting Howlin Wolf. Finally, Mos Def is a truly hilarious Chuck Berry. The cars are highlights of being taken back in time. We must give major props when they are due and acknowledge the business woman that Beyonce Knowles is as the Executive Producer of this film. I do believe that because of the overall the casting and the way the story was laid out, there should be an Oscar acknowledgment for the film. Here is a taste:
Here is a taste of the legendary Etta James:
At this posting the film came in at number 9 with one more day to go. It opened in limited theaters, 686. The current leading film is in 4 times as many theaters, so I see this film riding a slow wave to the top from the number one marketing rule in business, "word of mouth."