Monday, October 30, 2006

The Republican Economy is Roaring

Another sign of our sizzling hot economy.

Goodyear Tire & Rubber Co. said on Monday that it plans to close a plant in Tyler, Texas, three weeks after workers at the plant and 15 others went on strike in part because of the tire maker's plan to shut down the factory.

The move will eliminate about 1,100 jobs and is part of Goodyear's strategy to end some of its private label tire business.

But wait, there’s more.
Countrywide Financial Corp., the largest U.S. mortgage lender, said Tuesday it will cut its work force by more than 2,500, or about 5 percent, even as growth in its loan servicing portfolio pushed its third-quarter profit up 2 percent.

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