FT.com - Wall Street stocks fell sharply on Friday after a disappointing earnings outlook at American Express (NYSE:AXP) compounded worries that the US economy is heading for a sharp slowdown.

U.S. recession "not a sure thing": Feldstein (Reuters)
Reuters - The probability of the U.S. economy sliding into a recession is now over 50 percent, but it is not a sure thing, National Bureau of Economic Research President Martin Feldstein said on Thursday.
In such cases, you should only give this benefit to a long tenured, productive worker to whom you want to give one final chance. It is far better to be safe than sorry when dealing with potentially bad employees. If you don't follow these laws, you will be liable. How To fire An At Will Worker While Limiting Your Legal Risks. Its main purpose is to document and clarify the grounds for the dismissal, when the layoff takes effect and what final benefits and pay the business owes the jobholder.

As a manager or entrepreneur, you should never terminate an employee based on verbal feedback. I want to know if you felt like your boss treated you unfairly and how the company could improve. In these states, the disqualification only lasts 6 weeks, and afterwards the employee can get his benefits. Once you document the problems with the employee, you can terminate him or her if he continues to cause problems. In recent years, courts have passed new laws that make terminating an employee harder. What causes this sudden need to steal from the firm? For example, if the employee is on notice for excessive personal phone use and he ignores the warnings, you'll probably lay off him within 1 1/2 weeks. If the worker fails to improve after a series of warnings, then it is time for you to separate her or him. Even if you are glad to see a problem worker leave, you need to take their comments seriously. As managers, we have the right to change our company direction or our company model.