American Morning

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March 9th, 2010
08:00 AM ET

New runaway Toyota claim in California

(CNN) – There's a new, terrifying account today of a runaway ride in a Toyota. The company is sending investigators to California where a driver claims he almost flew over a hill at more than 90 miles an hour in his Prius yesterday.

The Prius was only recalled for braking problems and not the acceleration issue. Our Deb Feyerick has all the details for us.


Filed under: Business
March 9th, 2010
07:00 AM ET

Tax deductions for job seekers

(CNN) – Good news for job seekers. You can deduct some expensive job hunting expenses, including employment and outplacement agency fees, travel costs and resume costs. Here's a list of what and who is eligible.

Tax Deductions for Job Seekers

  • New interview suit (No)
  • Employment agency fees (Yes)
  • Travel expenses to interview (Yes)
  • Resume expenses (Yes)
  • New laptop to follow job boards (NO)

Are you eligible?

  • New job in current field (Yes)
  • Career changers (No)
  • First-time job seekers (No)
  • Long-term unemployed (No)

Filed under: Business
March 9th, 2010
06:00 AM ET

Would you move 1000 miles for your job?

By Bob Ruff, CNN

(CNN) – What would you do if your company closed its doors, but offered you the same job 1000 miles away?

In December 2008, in the depths of the recession, GM worker Steve Kerl faced that same question. Just 8 years from retirement, his GM assembly plant in Janesville, Wisconsin was shut down. 1,933 workers were out of work.

“What are we going to do?” was Kerl’s first reaction. “Are we going to have our health care? How are we going to come out? We didn’t even know if you were going to have a job.”

Most of the Janesville plant workers took buyouts. But 545 of them were fortunate enough to be offered jobs at other GM plants. The catch? The plants are hundreds of miles from Wisconsin.

What would you do?

Kerl took a job putting fenders on GM SUV’s in Arlington, Texas. It’s hard work. At the end of his 10-hour shifts he goes back to bunk with two other GM workers in a three-bedroom apartment near the plant. Home is 1000 miles away.

FULL POST


Filed under: Economy
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