Good News: You Probably Won't Have To Swim To Work Tomorrow (Or Pretend To Work From Home)*

...or possibly even Wednesday, according to Reuters, which reports "The U.S. stock market is expected to be closed on Tuesday" and while "every effort is being made to reopen markets" the following day, a final decision will be made once there is a better idea of the havoc Sandra will wreak, both downtown and in areas market participants are located. In related news, think of the dogs of Goldman Sachs. They were crestfallen, whimpering in disbelief. The city’s dogs walked right up to an east side entrance of Central Park, saw the fence and could not fathom why they – and their owners – were not allowed in. For a little wind? Light rain? They had seen worse. “I may have to carry him away,” said John Blondel, nodding to Rollo, a spry-looking white Labrador who was 10 and a half years old. Rollo decided to engage in a sit-down strike in front of the 79th Street entrance on Fifth Avenue. Mr. Blondel, 56, who is in the investment management division for Goldman Sachs, had driven from his apartment in the West Village to give Rollo his daily constitution. Later, he would work from home. “This is going to be it for a while,” he said to his friend. Soon, Rollo was joined by several other dogs dragging their walkers to yet another blocked entrance. “They’re just amazed,” Mr. Blondel said. When a gust of wind blew an opening in the temporary fencing, Rollo was wise to the opportunity. Mr. Blondel had to pull him back and head to the car. US Stock Markets Seen Closed Tuesday [Reuters] Hurricane Sandy, Live Updates [NYT] *Unless your job doesn't involve trading, in which case we expect you to be up at 6 and carrying on with business as usual from you kitchen table.
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..according to Reuters, which reports "The U.S. stock market is expected to be closed on Tuesday" and while "every effort is being made to reopen markets" Wednesday, a final decision will be made once there is a better idea of the havoc Sandra will wreak, both downtown and, more importantly, in areas market participants are located. In related news, think of the dogs of Goldman Sachs.

They were crestfallen, whimpering in disbelief. The city’s dogs walked right up to an east side entrance of Central Park, saw the fence and could not fathom why they – and their owners – were not allowed in. For a little wind? Light rain? They had seen worse. “I may have to carry him away,” said John Blondel, nodding to Rollo, a spry-looking white Labrador who was 10 and a half years old. Rollo decided to engage in a sit-down strike in front of the 79th Street entrance on Fifth Avenue.

Mr. Blondel, 56, who is in the investment management division for Goldman Sachs, had driven from his apartment in the West Village to give Rollo his daily constitution. Later, he would work from home. “This is going to be it for a while,” he said to his friend. Soon, Rollo was joined by several other dogs dragging their walkers to yet another blocked entrance. “They’re just amazed,” Mr. Blondel said. When a gust of wind blew an opening in the temporary fencing, Rollo was wise to the opportunity. Mr. Blondel had to pull him back and head to the car.

US Stock Markets Seen Closed Tuesday [Reuters]
Hurricane Sandy, Live Updates [NYT]
*Unless your job doesn't involve trading, in which case we expect you to be up at 6 and carrying on with business as usual from the kitchen table.

Related

Layoffs Watch '12: UBS Tells Employees Not To Bother Themselves With Figuring Out How To Get Into Work (Ever Again)

Earlier this week, before a natural disaster struck the East Coast, UBS announced that it would essentially be getting out of the investment banking business and focusing its energy on wealth management, letting go of approximately 10,000 employees as it transitioned back to its tax evading roots. That was Monday morning, and while the bank had said that it planned to start cuts on Tuesday, most people assumed that the Swiss would wait at least 24 hours between the time Connecticut Governor Dannel Malloy told residents to seek safety from the storm on their roofs, or power for the many who lost it was restored, to can a bunch of staff. Those people, however, thought wrong. Apparently when UBS decides to do something, neither wind nor rain nor is gonna stop them.

Goldman Sachs Probably Won't Be Laying People Off Anytime Soon

People being the operative word here, as the statement "we're going to look for other means for efficiency" most certainly suggests plants may once again find themselves on the chopping block. After a year of cost-cutting that resulted in more than 2,400 job cuts, Goldman Sachs is satisfied with its staffing levels and doesn't intend to conduct more large layoffs. Chief Financial Officer David Viniar said the firm has "largely implemented our announced expense reductions" and is "relatively well-positioned, assuming the environment stays where it is." He was speaking on a conference call with analysts to discuss first-quarter earnings. "We're going to look for other means for efficiency," he said. "I wouldn't expect anything major to change from where we are." Goldman Sachs Ends Layoffs [FINS] Related: Layoffs Watch ’11: Goldman Sachs’ Philodendrons In The Line Of Fire