Headlines That Caught My Eye
May 18 2008

Employment verification plan: Big Brother or big improvement?

By Rob Hotakainen | McClatchy Newspapers
Posted on Sunday, May 18, 2008

…”Trasvina said the plan's biggest winners would be unscrupulous employers. Employees would be less likely to complain about working conditions, and employers could more easily avoid payroll taxes and the costs of workers' compensation and unemployment insurance, he added.
"They will continue to employ unauthorized workers, knowing they are more susceptible than ever before to exploitation and intimidation," he said.”…
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For Wall Street Workers, Ax Falls Quietly

By Louise Story and Eric Dash
NY Times
May 16, 2008

..."Layoffs are always difficult, but some of the recent cutbacks have been messier than usual. Some JPMorgan employees learned that people from Bear Stearns would get their jobs before the bosses said anything. JPMorgan clients told them first."...

..."Some Lehman Brothers investment bankers found out their jobs were in peril when they saw cardboard boxes and dumpster bins in the hallways in March.

And when Bank of America dismissed some bankers recently, it told them that their annual bonuses had been almost wiped out and that their personal belongings would arrive in the mail. The bank announced many of the layoffs on Feb. 13, two days before many employees would be able to start cashing out stock options.

In January, when Ms. Kennedy was temporarily out of the office at JPMorgan because of surgery, her boss called to say her job had been eliminated. She did not return to her office and ended up asking the bank to send her the photos of her son that she kept on her desk.

“You don’t get to say goodbye to people,” Ms. Kennedy said. “It’s demoralizing.”

At some banks like Bank of America, many laid-off employees are not allowed to return to their desks, because the banks fear departing employees will try to take valuable colleagues or clients with them.

Officials at all of the Wall Street firms declined to comment."...

…“Euphemisms for layoffs are making the rounds too. Banks do not just fire people anymore. They engage in “head count reduction,” “reduction in force” and “redundancies.””…
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We are boiling with anger

Beneath the surface there is a mass of rage. But why, when we have never been better off?

Janice Turner
From The Times
May 17, 2008

..."When yet another young man dies, I scan the reports for words that will afford me some solace: gang slaying, feud, grudge, crack house, sink estate, 2am, drug-related, excessive alcohol . . . These words make me feel a little safer. They largely have nothing to do with my life. I can, I tell myself, protect my sons from these words. But when Jimmy’s mother, Margaret Mizen, said “it was anger that killed my son”, I know I am powerless. Because anger is unconfined: it lurks in the middle of the day, in public places; it erupts between total strangers. Anger turns a random encounter into deadly violence."....

...."Anger becomes such a reflexive response that you do not realise how much it has penetrated your soul until you travel. Even New York seems less brimming with outrage, a collision in a crowd more likely to spark a “pardon me” than a glower. Visiting Australia, I heard a news item in which an educational survey had found modern Oz children the most illiterate and stupid ever. In Britain such a report would have provoked weeks of self-flagellating fury: Australia shrugged and headed for the beach.

Last summer in Slovenia, Europe’s most easy-going state, I was walking with my son past a line of cars when one started to reverse right at us. My London self banged hard on the back of the vehicle and made a furious hand gesture. The passengers in the car slowly turned, their eyes wide, their mouths agape at the crazy lady. “Mum,” said my son. “That was way too angry.”...."

..."Anger is a buzz, an addiction. Clearly we were designed for more than our modern functions. We are healthier, stronger, better fed and educated than any humans yet born. And yet we are the most underchallenged. Here we are, creatures capable of building cathedrals, surviving trench warfare or traversing oceans, wandering dead-eyed around B&Q. “People need to find peace, not anger,” said Mrs Mizen."...