Cutting staff is the last resort business owners should take when trying to make ends meet in the current economic downturn. But let's face it, lay offs occur, and downsizings in financial, automotive, pharmaceutical and construction industries, etc., etc., etc. clearly shows the current business climate is less your father's recession and more your grandfather's Great Depression. Businesses should realize, however, that different preliminary cost-cutting avenues can be taken in the quest to stay afloat and viable. Managing Editor George Saliba reports on what those roads are in our cover story, "Squeezing Dollars." As there are many ways for businesses to save money, there are many banks available in which to put those saved funds. The question is, "What types of financial institutions are healthy in a banking sector tarnished by the sub-prime mortgage fiasco and stress-test undertakings?" Contributing Writer Mike Silverstein finds out in his feature story, "Battle of the Banks."
