Archive for August 1st, 2008

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Employers trimmed jobs once again in July and the unemployment rate hit a four-year high, according to a government report Friday that showed the seventh straight month of job losses .

The high cost of gas motivated the Flowers to take control of their debt.

More bad news on the economic front today. GM reported a whopping $15.5 billion loss. And the economy lost 51,000 jobs in July.

General Motors reported a huge second-quarter net loss Friday of $15.5 billion, after restructuring and other charges, as the automaker's run of troubles continued.

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So here we were at 6:20 Monday morning at Los Angeles International Airport. Despite the hour, a disc jockey played pulsing club music, a soundtrack that soon continued onboard a Virgin America Airbus with "My Other Ride is a Spaceship" emblazoned behind its nose. A 20-minute flight later, the jet landed in Mojave, Calif., where tycoon Richard Branson awaited.

In February, lawmakers passed a $168 billion program to juice the economy. And some say it's time to do it again.

Dear Annie: I've had a 14-year career in financial services, but I just got laid off and I don't think it makes sense to look for another job like my old one. (They're disappearing rapidly.) I'd like to get some solid advice and coaching as I think about my next move -- including which other industry I might be able to transfer my skills to -- so I've been thinking about hiring a coach. But an Internet search turns up a bewildering variety of choices. How do I pick the right one? -Goodbye to Banking