Reuters - The OECD on Wednesday reduced its forecast for U.S. economic growth and recommended a rapid cut in interest rates to limit the fallout from a housing and mortgage market slump that has sparked global financial market turmoil.

Fed sees 'limited' economic impact of tight credit, weak housing (AFP)

AFP - The US economy is feeling a "limited" impact from the squeeze in credit and weak housing, the Federal Reserve said in its Beige Book report Wednesday.

Remember the facts you must prove and focus on them. Small business managers and owners must be careful when separating and laying off workforce, because their company's survival is at stake. On top of this, judges are creating laws from the bench which further limit a small company owner's right to sack. Once again, this should state the productivity or behavior problem and how you expect the employee to fix it.

While terminating a worker is always difficult, it is a necessary part of any supervisor's job. Your expectations are an important part of the warning, and the worker can't change them through his rebuttal. o Allow the jobholder to keep or buy cell phone. o The misbehavior endangered the employee, coworkers, the company or the public. This prevents the jobholder from coming back to you right before you fire him with a legal counselor-written rebuttal and plan. Now that you have prepared all the papers for the termination meeting, it is time to call the worker in and notify her or him of the firing. This second rule applies even if this is less than a third of the jobholder base. Make your argument; be detailed but concise, and go on about the business. The jobholder had repeated unexplained absences that exceeded the firm's limits. This lie is clear gross misconduct which you can separate for immediately. Then if the worker continues to refuse to sign, the supervisor should write on the form the worker refused to sign the warning with the date of the refusal. o How would you characterize your organization's esprit de corps?