Our Life & Our World

Job Losses………

Earlier this week, computer giant Hewlett-Packard Co. said it would cut 6,400 jobs, or 2 percent of its work force, while credit-card issuer American Express Co. said it was slashing 4,000 jobs. Weary auto makers General Motors Corp. and Chrysler recently announced they will terminate their contracts with around 2,000 dealerships nationwide, which likely will result in shutdowns for many. The National Automobile Dealers Association, a trade group, said the auto makers’ decisions could result in 100,000 job losses. Both building permits and housing construction fell to record low annual rates in April, the government said earlier this week.  So, what are the people to do, if they have no work, no place to live and no food?