74,000 Livelihoods Axed In One Day
Major corporations cut 74,000 jobs on brutal day for layoffs
"Caterpillar Inc., Sprint Nextel Corp., Home Depot Inc. and ING Groep NV led companies today announcing at least 74,000 job cuts as sales withered and construction slowed amid a global economic recession that may persist through 2009.
In the U.S., the firings brought the number of job eliminations this month to at least 150,500, according to Chicago-based executive search firm Challenger Gray & Christmas."
Oh bullshit with that recession language. It's a worse depression than seventy years ago and about to get a whole lot uglier. But the Dow yawns and goes slightly higher, after all, paying less workers means a better bottom line, right?
also - Jumpstarting The Economy One Jet At A Time
"The New York Post reports today that Citgroup — the recent recipient of a $45 billion government bailout — is about to receive a brand new $50 million corporate jet."
they so deserve it
"Caterpillar Inc., Sprint Nextel Corp., Home Depot Inc. and ING Groep NV led companies today announcing at least 74,000 job cuts as sales withered and construction slowed amid a global economic recession that may persist through 2009.
In the U.S., the firings brought the number of job eliminations this month to at least 150,500, according to Chicago-based executive search firm Challenger Gray & Christmas."
Oh bullshit with that recession language. It's a worse depression than seventy years ago and about to get a whole lot uglier. But the Dow yawns and goes slightly higher, after all, paying less workers means a better bottom line, right?
also - Jumpstarting The Economy One Jet At A Time
"The New York Post reports today that Citgroup — the recent recipient of a $45 billion government bailout — is about to receive a brand new $50 million corporate jet."
they so deserve it
posted by nolocontendere at 5:05 PM
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