Friday, February 06, 2009
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We know the headlines: 20,000 job cuts at Caterpillar, 15,000 lost at Panasonic, between 3,500 and 4,500 lost at Eastman Kodak, 2,000 lost at Estée Lauder. What does it all add up to? We’ll get a better sense on Friday morning at 8:30 a.m. ET, as the Bureau of Labor Statistics reports unemployment figures for January.
[2]
Lists of $100 billion in cuts, new massive tax-relief measures: just some of the high-wire negotiations to get a stimulus bill through the Senate. A vote on the 12-digit package could take place Friday.
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But the executive has no time to lose and no time for congressional games! President Obama is expected to announce the members of his economic recovery board on Friday. We already know that Paul Volcker will head it and Austan Goolsbee will be its chief economist. But do we need any more intellectual capital to solve this crisis, or is it now a matter of political capital—and political cover?
[4]
Don’t try to renew your driver’s (or scooter, or big rig) license in
[5]
It’s post-Oscar season, so the human dramas of the winter break are getting replaced with more popular fare. New movies being released Friday include Steve Martin in The Pink Panther 2 (not to be confused with the Peter Sellers’ Pink Panther sequels), He’s Just Not That Into You, and two movies starring Dakota Fanning, Push and Coraline (in 3-D).
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