Foreclosures Double, Motorola cuts 7,000 jobs and College tuition Soars

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Uploaded by on Jan 15, 2009

Motorola cuts 7,000 jobs, Foreclosures rise dramatically, Goody's Clothing goes bankrupt, Apple's CEO Steve Jobs takes 6-month leave, Obama ends "Don't Ask, Don't Tell" and the holiday retail numbers get worse.

Retailers Gottschalks and Goody's file for bankruptcy
http://news.yahoo.com/s/nm/20090114/bs_nm/us_usa_retail_bankruptcy_2

Motorola to cut 4,000 more jobs in 2009
http://www.msnbc.msn.com/id/28661877/

Families await sharp increases in college tuition
http://www.msnbc.msn.com/id/28661921/

Obama to End Military's 'Don't Ask, Don't Tell' Policy
http://www.foxnews.com/story/0,2933,479952,00.html

Apple CEO Steve Jobs takes medical leave
http://www.breitbart.com/article.php?id=D95N66HG0&show_article=1

GE Aviation to Cut 1,000 Salaried Jobs as Orders Slow
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNuWgQjXZrX4&refe...

Asian Stocks Slide as Japan Machinery Orders, U.S. Sales Drop
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBvtzJXc0U4s&refe...

Bank of America May Receive U.S. Aid for Merrill Lynch Purchase
http://www.bloomberg.com/apps/news?pid=20601087&sid=aei_22INcQaI&refe...


Gaza Cease-Fire Talks Advance as Israeli Team Heads to Cairo
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKQoc3BHpwLo&refe...

Foreclosures more than doubled in 2008
http://www.msnbc.msn.com/id/28663624/

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Uploader Comments (DEMCAD)

  • I agree with the other poster who says don't go to college. Its been a waste of money for years now unless you get a very in demand degree.

    BTW Demcad I thought you were employed right now why you looking for a job?

  • The story took place over a year ago when I was in Michigan. I'm an AmeriCorps VISTA in Alaska. I'm in my final month and now I'm looking for a job again.

Top Comments

  • Sorry, but that is nonsense. The amount of people that will go into college will decrease for sure.

  • And look at the people who went: Alan Greenspan, Ben Bernanke, Tim Geithner, George W. Bush.

    College clearly makes ya dumber.

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  • unfortunately a 10$ to 12$ an hour job has become standard for entry level in certain positions. I think 12$ an hour while peanuts, is better then no job, or a job at wallmart with no room for advancement or future that pays $8 an hour. I think the important thing to gauge when taking on a new job A) is there room for you to grow with the company/room for advancement B) what do you bring to the table, and how does said job improve your skill set.

  • my Uncle was a VP at Motorola, he started out a Long Island based Symbol Tech which was a homegrown local company that The Weyland Yutani Cor- uh I mean Motorola- Corporation purchased in 07. He saw the layoff coming and quit, ironically he is now working for a black-ops weapons manufacturer.

  • The quickest way to increase your expendable cash is to reduce your spending. We don't need technology... IG; cell phones, cable tv, home internet, wifi. Get your internet at any free wifi spot. We don't need stupid food... IG; pizza, chips, pop, gatorade. Get your staple food from the grocery, drink tap water. If you go back to school study a trade... IG; plumber, computer repair, EMT... Any job where you stare at a computer moniter all day can be sent over seas with the click of the mouse.

  • Why is MOT doing bad? Naturally it's the people working at MOT. Who are these people?

    MOT's policy has been to discriminate against white American technical people. To discriminate against white Americans over the age of 40. MOT then gave those jobs to H-1B foreigners. Because the U.S. politicial & justice system is corrupt MOT was never prosecuted for discrimination, a FELONY.

    CEO Brown & foreigner Sanjay Jha should be FIRED. CFO P. Liska quit.

    STOP DISCRIMINATION or end like Lucent.

  • Good luck with your job search!!

  • Ya, There idiots. LOL. But they already had a silver spoon in there mouths at birth so they were garentied a job in whatever field they wanted even before they were born. Anyone that had to work for it is usually screwed.

  • Either that or the medical field. But, I think its gonna get a lot worse for atleast the next 10 years so nows not the time anyway. I hope it works out for your sister though. But she is going to be the exception to the rule. I only know of 6 people out of my graduating class that got a job within a year of graduating college.

  • Going to school to learn Chinese is probably going to be beneficial in the future, and less costly at the community level. Being multilingual has many advantages to employment.

    Thank you, DC.

    Five-by

  • I'm surprised you were able to make two complete sentences. Are your Mother and Father aware that you're using the computer without supervision?

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