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Companies Terminate Holiday Parties

The holiday office party is the one time of year when co-workers can cut loose. But this season, the financial crisis is scrooging a lot of employees out of the usual festive fun. Company-sponsored holiday parties have hit a 20-year low, according to the Battalia Winston Amrop annual survey, with 81 percent of firms hosting parties. The cancellations are widespread -- from Wall Street to the city government of Bend, Ore. Even the chairman of the Joint Chiefs of Staff sent out a "disinvite" to... Full Story
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