Congressman Bartlett Peak Oil Speech - 7 Sep 2005

The SPEAKER pro tempore (Mr. Kuhl of New York). Under the Speaker's announced policy of January 4, 2005, the gentleman from Maryland (Mr. Bartlett) is recognized for 60 minutes. Mr. BARTLETT of Maryland. Mr. Speaker, this evening I wanted to spend the first few moments reflecting on the crisis in the gulf.

There will come a time that is not now, Mr. Speaker, when we will really take a hard look at what went wrong, not to place blame. Mr. Speaker, as a result of this crisis, gas that was already high has skyrocketed higher, and now many people are talking about energy. We started talking about energy and a coming crisis on March 14. Katrina has just hastened and magnified the process that we began talking about then ...

HP to cut 6000 jobs in Europe

news.yahoo.com, reuters.com :

U.S. computer giant Hewlett-Packard will shed 6,000 jobs in Europe with more than half the cuts in France, Germany and Britain, a union official said on Friday. The group has a total of around 151,000 employees. The news emerged as European finance ministers were meeting in Manchester, England, where Britain's Gordon Brown urged action to make Europe a "high growth, low unemployment" area instead of a continent plagued by low growth and high unemployment.

Hewlett-Packard said in July it would slash about 10 percent of its work force in a sweeping move by new Chief Executive Mark Hurd to cut costs by $1.9 billion a year and compete better in cutthroat computer and printer markets. The cuts are the biggest since former CEO Carly Fiorina slashed roughly 15,000 jobs after HP's $19 billion acquisition of rival Compaq Computer in May 2002.

See also :

1. HP to slash 15000 jobs

(2005-09-10 00:33:41 SGT) [Biz] Permalink

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