January 2009

There are 1 blog entries for January 2009.

ibm_300IBM just recently cut several hundred jobs in the whirlwind of our rapidly declining economy. This is an all too familiar pain, especially for those in the Mid-Hudson region who recall the results of major cuts made in 1993. When businesses, such as IBM are forced to make cuts of these proportions, it has a lasting domino effect.

Back in 1993, the communities surrounding New York IBM plants felt the first blow. Of course, things are going to change when thousands of workers in any one area find themselves unemployed. It only makes sense that people have to make changes in order to eliminate expenses and survive. What is the biggest expense for most people? That's right. Their home.

It wasn't long before "For Sale" signs peppered counties

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