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job cuts

Survey Shows Employers Are Now Less Likely to Hire

Nikhita Parandekar  —  Oct 29, 2008

The recent economic turmoil has already gotten a lot of college seniors thinking about their job options, but recent statistics show that they might need to think harder. The National Association of Colleges and Employers conducted a survey in August of 219 employers that projected a 6.1-percent increase in hiring for the class of 2009. NACE conducted the same survey again this month, and 146 of the original 219 employers responded, revealing that the projected outlook had dropped to a 1.3-percent increase.

According to Edwin Koc, NACE’s director of strategic and foundation research, the organization decided to conduct the survey again because of the recent chaos in the stock market and the credit crunch.

Beating a Dead Horse, and by Horse I Mean Economy

Shaun Werbelow  —  Oct 1, 2008

Hoping to read something exhilarating, enchanting, or provocative? Unfortunately, or fortunately, depending on how you look at it, I have little to no experience when it comes to sex, drugs, or even rock ‘n’ roll. In searching for a column topic this week, I thought long and hard about which unique, intriguing, and fresh topics I could discuss. However, amongst prelims, the return of stereotypical Ithaca weather, and the statistical elimination of both the Mets and the Yankees, I came up void of creativity. If you are looking for a mystical story or a revealing memoir, I encourage you to pick up a daily horoscope, or simply take a trip to the Ithaca Commons.

Demystifying Health Insurance

Laura Temel  —  Oct 1, 2008

While healthy young adults may appear to be the least at risk for health problems, make no mistake — many young adults are uninsured. The current system of health insurance in the United States has placed college students in an incredible bind. Over 13.7 million young adults in the U.S. today do not have health insurance specifically, those between the ages of 19 and 29, according to the Commonwealth Fund, a healthcare think tank. With young adults comprise one of the largest segments of America’s uninsured, we can be certain this is a serious domestic issue.

Continental Airlines to Cut 3,000 Jobs

The Associated Press  —  Jun 5, 2008

DALLAS (AP) — Continental Airlines said Thursday it is cutting 3,000 jobs and reducing capacity by 11 percent, citing record fuel costs that have pushed the industry into its worst crisis since 2001. It also said its two top executives will forgo pay for the rest of the year.

The job cuts represent about 6.5 percent of the company's work force of 45,000.

Houston-based Continental said it will begin pulling back on flights in September, when departures on its mainline operations will drop about 16 percent below September 2007 levels. Fourth-quarter capacity will fall 11 percent.

Shares of Continental rose 68 cents, or 4.7 percent, to $15.18 in the opening minutes of trading.

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