Related: Boston Globe Job Market
Globe, the pimping, agenda-pushing promotions have to end -- if you want to survive.
"Mass. jobless rate increased in December; 8,400 jobs cut during month" by Robert Gavin, Globe Staff | January 22, 2010
The Massachusetts unemployment rate surged by nearly a point in December, driving joblessness to its highest level since the 1970s and dealing another setback to a labor market that appeared to be on the mend.
Translation: The Globe was shoveling s*** again and now looks bad.
The state unemployment rate leaped to 9.4 percent from 8.7 percent in November, more than reversing two previous months of significant declines, the Executive Office of Labor and Workforce Development reported. It is the highest rate since August 1976, when the state was recovering from the energy crisis recession that began in 1973 after the Arab oil embargo.
Massachusetts employers, meanwhile, slashed another 8,400 jobs, the most since September....
The dismal performance of the state’s labor markets coincided with a disappointing December for national employment. US employers cut another 85,000 jobs last month, bringing overall job losses for the recession to more than 7 million, according to the US Labor Department....
Technically not a lie, but DECEPTIVE, isn't it?
Actually, it is over 8 million, but who is counting, right, Bob? I mean, you're still working!
"The economy has lost more than 8 million jobs since the recession began in December 2007"
Yeah, the papers are telling you the truth, the whole truth, and nothing but the truth, right!
Job losses in Massachusetts were concentrated in sectors that depend on consumer spending, adding to evidence that the high rate of joblessness is eroding incomes and weighing on the recovery. Leisure and hospitality, which includes restaurants and hotels, lost 3,400 jobs. Retailers shed 3,300 jobs.
And if the SERVICE SECTOR was whacked, you can be sure this WHOLE ECONOMY is s***!
The hard-hit construction sector lost more that 1,800 jobs, after two months of small gains. Professional and business services, which include a variety of professional, consulting, and technical firms, shed 1,400 jobs, nearly reversing gains of 1,500 jobs in November. Education and health care continued to bring some stability to the labor market, adding 1,000 jobs, the third consecutive monthly gain. Manufacturing added 500 jobs, the sector’s second consecutive monthly gain. Financial services added 300 jobs.
Why believe this guy anymore? He's just throwing out agenda-pushing numbers every time, so why bother with him?
Government added 900 jobs, although state officials said the number was inflated by the process that adjusts employment for seasonal variations.
Government lying again? No kidding?
State payrolls show employment continuing to decline, officials said. Over the year, federal, state, and local governments have shed more than 11,000 jobs.
They can clear more than that. That's the one good part of the report.
One guy even made a special trip down to the Globe to roll some s***.
"Genzyme chief expects to increase Mass. workforce by at least 500" by Robert Weisman, Globe Staff | January 22, 2010
Genzyme Corp., which is working to end rationing of two key drugs and return to full-scale production by midyear at its troubled Allston Landing plant, expects to hire more than 500 workers in Massachusetts this year, mostly at its headquarters in Cambridge and at manufacturing sites in Framingham and Allston.
Related: Genzyme Leaking Out of Massachusetts
So what gives? They are shutting down Allston because of contamination and moving the production to Illinois. What's going on, Globe?
The biotechnology company’s plans were disclosed by chief executive Henri Termeer during a visit to the Globe yesterday.
Oh, HE CAME DOWN to SEE YOU to make sure THIS PROPAGANDA got into the paper, huh? What, stock price need a boost?
Termeer said the company added 330 employees in the state last year and 1,000 globally, boosting its workforce to about 12,000, including 4,500 in Massachusetts. The number of employees could double over the next five years, as Genzyme brings new drugs into the marketplace, he said.
That's what he said, huh? And more promises, 'eh?
So if I go down to the Globe and want to see somebody, they will put my thoughts and promises on the front page of the business section, right?
Termeer, in a wide-ranging discussion, also said he is not deterred by a pair of activist investors who have been buying Genzyme stock, expressed his disappointment in the blow dealt to the health care overhaul by this week’s Senate election in Massachusetts, and said he is determined to put Genzyme’s production problems behind him. “We are at the beginning of the turnaround, and it looks pretty encouraging,’’ Termeer said, citing progress made in Allston....
Translation: I need this public relations promotion of propaganda, Globe.
Much of the hiring in Massachusetts last year and this year will be to staff a new plant in Framingham built to increase the company’s capacity to make Cerezyme and Fabrazyme so it will not be caught short in the event of another emergency. Framingham received a $12.9 million state grant to make infrastructure improvements, adding water and sewer lines, to accommodate the Genzyme plant and other operations under Governor Deval Patrick’s $1 billion initiative to promote life sciences....
Related: Biotech Giveaway Was Borrowed Money
Yup, while the STREETS around here are S***!!!!
Yeah, WE SEE WHO this state government serves!
Termeer said he was confident two shareholder activists, Ralph Whitworth of California and Carl C. Icahn of New York, have been accumulating Genzyme shares because they see it as a good investment, not because they have designs on the company....
Yeah, the takeover wolves inching their way to the door are nothing to worry about. This has the smell of a company going down.
Related: Economy Showing Signs of Life
Yeah, it smells like it has that forced buyout flavor.
Termeer also said that he supports an overhaul of the federal health care system and was disheartened that movement on a comprehensive national health care bill appears to have been derailed by Republican Scott Brown’s election to the Senate.
Translation: He wa$ going to BENEFIT from the BILL!!!
But he suggested a provision important to the biotech industry, granting 12-year data exclusivity for drugs before generic versions are allowed on the market, still could be approved in a separate bill.
Related: Welcome to the Wonderful World of Biologics
Checking the Pulse of Democrats
Oh, yeah, I think you'll be getting what you want, Hank.Is that all you came down for?
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Related: Genzyme slips as FDA sets decision date
Yup, it was a self-serving visit.
State still trying to help, readers:
"Westwood project gets $55m boost; State says upgrades also will benefit area" by Casey Ross, Globe Staff | January 22, 2010
Governor Deval Patrick’s administration will spend up to $55 million on public works improvements to jump-start construction of Westwood Station, located at the heavily traveled intersection of Interstates 93 and 95 and one of the region’s largest and most controversial private developments.....
So who is getting the tax loot largesse this time?
And how come he never funds public works for the public?
The funding is part of a broader strategy by the Patrick administration to use state money to spur construction of private developments that will create jobs for Massachusetts residents.
You know, we have heard that for a long time, and YET....!
The work is particularly vital for the hard-hit construction industry, which has an unemployment rate of nearly 20 percent....
What has taken him so long, really?
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Also see: Slow Saturday Special: Patrick Pimps Football Footpath For Patriots
Patriots' Kraft Passes Checks to Patrick
So who is kicking back to Patrick this time?
Update:
NEW YORK - The holding company for newspaper publisher MediaNews Group filed for Chapter 11 protection yesterday and expects to emerge from bankruptcy in a month or two.
Affiliated Media Inc., the privately held parent company for the owner of The Denver Post, San Jose Mercury News, and 52 other daily newspapers including The Lowell Sun, had said Jan. 15 it would be making the move. It said it had a deal with creditors that will cut its debt to $165 million from $930 million.
Where is YOUR DEAL, American?
Lenders led by Bank of America would get most of the company’s stock, wiping out shareholders such as Hearst Corp., which held a roughly 30-percent stake in MediaNews’ newspapers outside the San Francisco Bay area.
:-)
Let the newspapers and banks feel the pain that you have, American!
I love them taking over a losing enterprise.
MediaNews says its newspapers will not be affected by the Chapter 11 case....
How can they not?
So is that just another MSM lie, or true because the banks wouldn't agree to takeover a loser -- unless the government agreed to bail it out, right?
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