Almost four year ago, I wrote an entry “Flying the Coop” in which I observed:
A recent news item says that more pilots have been leaving the country for greener pastures overseas. Philippine Airlines, Inc. (PAL) has lost about 20% of its pilots over the last three years and more are about to fly the coop. This is an alarming development in our continuing brain drain. Even our best trained and highest compensated professionals are packing their bags. A desperate policy resolution from the Philippine Overseas Employment Administration limiting the number of pilots who can work for international airlines has failed to stem the tide.
Things have apparently gotten worse since. Over the weekend, at least 23 international and domestic PAL flights have been cancelled due to the fact that there were no pilots to fly PAL planes. Eight more flights were cancelled today. Continue reading “PAL Pilots Fly to Greener Pastures”
This item in the New York Times will turn a lot of us green with envy. My jaw dropped with when I read it.
The global economic downturn doesn’t seem like such a bad thing after all, if you’re an associate at Skadden, Arps, Slate Meagher and Flom, the largest U.S. law firm in terms of revenue. Due to the recession, which would predictably cut into its projected revenues, Skadden has offered its 1,300 associates worldwide 80,000 U.S. dollars each to take the year off. They’re encouraged to find pro-bono work and render meaningful service to any cause of their choice although “the lawyers could also spend the year catching up on every episode of “Top Chef” that they missed during the boom years, or traveling around the world“. Continue reading “Law Firm Gives Associates U.S.$ 80,000 To Take the Year Off”
Apart from the expected loss of jobs, drop in consumer spending, deflation and usual run-of-the-mill outcomes arising from the worldwide recession, there are other trends which may prove interesting to the idle observer. And their numbers are certainly growing everyday.
The hard times will of course impact fashion. Amando Doronila wrote a recent piece on the rise and fall of women’s hemlines which mirror the bleak global economic outlook. Expect a less flamboyant look for the coming year and for so long as the downturn continues. A more muted and conservative image would be in keeping with the difficulties we all face. Continue reading “Recession Trends”