Jay Leno took some surprising jabs at Obama and his handling of the economy and jobs on Thursday. “I love how the politicians capitalize on this kind of thing, like the minute the replacement refs were fired, President Obama said, See, sometimes losing jobs can be a good thing. Its a good thing…. A new survey out today shows how much time we waste every day in our lives. For example, we waste seven minutes in line every time we go to get coffee, 28 minutes getting through airport security, four years waiting for Obama to do something about the economy. Every year, we waste a lot. We wasted a lot of time.”
Tag Archives: jobs
1700 Jobs Lost in California
It has been a bad week for California jobs, especially in the Sacramento area. First Comcast announced it will close all three of it’s call centres, with a loss of 1,000 jobs, 300 of these in Sacramento. The the news that the Campbell Soup factory in Sacramento will close, with all 700 employees being laid off.
Campbell’s Sacramento factory was build in 1947 and is their oldest factory, but it also has the highest production costs. When the plant closes in summer 2013, operations will move to other factories in Texas, North Carolina and Ohio.
California’s unemployment rate is currently around 10%, one of the highest in the country.
Peugeot Citroen Workers Strike in France
Workers from the French car maker Peugeot Citroen are striking at the companies plans – to cut 8,000 jobs. The company is facing mounting loses in a car industry shrinking in Europe at this time.
One local union leader has said they view the job losses as an act of war, and that the unions will give them war.
Economists have warned France that their restrictive labor laws are hindering their economy. The country is infamous for their striking culture. However, the French would do well to remember, the unions in Britain caused the death of the British car industry in the 1970s – largely due to their waves of strikes.
Francois Hollande Threatens US Business
French President elect is already making U.S. business uneasy.
Francois Hollande has said he will make it “extremely expensive” for businesses to sack French workers.
U.S. businesses employ 800,000 French, and General Motors are looking at closing a large plant in eastern France. At a time when the French economy is struggling, Hollande should make France attractive to foreign investors. France is already famous for it’s powerful unions, who bring the country to a standstill with their frequent strikes.
Standard and Poor downgraded France last year, claiming restrictive labour laws as one of the reasons. Hollande will only make feelings worse, creating an anti-enterprise environment, alienating foreign investment.