(Un)healthy in Paranoid Times
July 3, 2008 • News • No Comments
Wow. I really hate to keep tooting this apocalyptic trumpet, but with these sorts of stories coming up on my Google Reader every day, it’s kind of hard to ignore. To overturn what I had said about people still seeming happy to trade their four dollars for coffee instead of gas, Starbucks is closing 600 stores nationwide and laying off 12,000 jobs. That’s bad news for us since most of Starbucks’s employees are high school and college kids our age. In total, 62,000 jobs disappeared in June, unemployment rose up to 5.5%, and Goldman Sachs is predicting that it will continue to rise until peaking around 6.4% at the end of 2009. That’s depressing (no pun intended).