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Thursday, June 25, 2009

Queen’s University of Belfast, Northern Ireland has agreed to cut 103 members of staff and to close its German department. The ruling body agreed with the cuts claiming that it would save money and also increase the school’s chances of entering the world’s top 100 universities.

Originally announced as a staffing reduction of 150 positions, the number was lowered. The lecturers’ union has commented, saying it is the “wrong decision”; they intend to “fight the job losses” despite the fact that the number is lower than expected.

According to the BBC, the university wishes to ensure that most of the academic staff takes part in “high quality” research, so those who just teach students are most at risk of losing their jobs.

Both the university management, and the union are to appear before the Employment and Learning Committee of the Northern Ireland Assembly at a later date. They were summoned after reports of job and subject cuts.

A compilation of brief news reports for Saturday, August 8, 2009.

Sunday, October 2, 2005

The Recording Industry Association of America (RIAA) has filed 757 lawsuits against people who they alleged illegally shared music online. The vast majority of the lawsuits, 693, are against people who used peer-to-peer file-sharing networks such as eDonkey and LimeWire to exchange music files. Of the remaining lawsuits, 64 are against students at 17 different universities who used the Abilene Network and a peer-to-peer file sharing program called i2hub.

The i2hub program is designed for use in sharing files over the Abilene Network. The Abilene Network is a high speed network in use by 207 U.S. universities. It was designed by Internet2 to provide a high speed alternative for researchers and other educators to share information. The Abilene Network allows for very high speed connections, many times faster than DSL or Cable connections. The RIAA became a corporate member of Internet2 two weeks ago.

Over the past two years, the RIAA has filed more than 14,800 lawsuits against people accused of illegally sharing music online. Over 3,400 of these cases were settled for an average of between $4,000 to $5,000 each. Almost 500 of these lawsuits were against students using the Internet2 network.

Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.