Football Playoffs: NY Jets @ NE Pats

Clinging to Cash

The Wall Street Journal: Top Story: Companies Cling to Cash

Rewind: November 2009: Stashing Cash

Stock Market Seems to Like 9.6%/17.1%+ U.S. Unemployment

Rewind: November 6, 2009: U.S. Unemployment Rate 10.2% (to 17.5%)

http://www.npr.org/search/index.php?searchinput=unemployment

http://topics.nytimes.com/top/reference/timestopics/subjects/u/unemployment/index.html

http://online.wsj.com/search/term.html?KEYWORDS=unemployment&mod=DNH_S

Meanwhile, Germany (1990-2010)

Rewind: It Was 20 Year Ago Today...

Fast-Forward: January 2012: "Germany's unemployment rate fell to a record low in January, data showed...its lowest point since figures for a reunified Germany were first published more than two decades ago."

NYC Mayor Freezes Hiring

B: “Although the city’s unemployment rate has declined seven months in a row, and job growth in the city has outpaced growth nationally and statewide, we are not immune from the impacts of the recession,” Bloomberg said in his letter. Tax revenue for the current fiscal year remains more than $4 billion below the peak levels reached before the recession began, Bloomberg said.

“Since almost 60 percent of city spending goes towards labor costs, including pension and health care contributions, the city must immediately take steps to rein in spending,” he said. Positions immediately affecting public health and safety, and those that generate revenue, are unaffected by the freeze.