07.21.11
Slack Demand Blooz
Via Krugman, from the WSJ:
Companies are laying off employees at a level not seen in nearly a year, hobbling the job market and intensifying fears about the pace of the economic recovery.
Cisco Systems Inc., Lockheed Martin Corp. and troubled bookstore chain Borders Group Inc. are among those that have recently announced hefty cuts, while recent government numbers underscore how companies have shifted toward cutting jobs.
Cisco and Lockheed Martin are way too much in the news now. And not for good things.
I’d have a song for this but if I wrote a song for every bit about economic fail and decline in the once great nation I’d have to do three to five a day, easy.
So listen to Jonnie Pantywaist Blooz again. Which I tried to make light and topically funny but could just as well have turned into something from the business pages.
Months ago I named the GOP as a threat to security, primarily for its religious non-belief in science.
That was before it became recently clear that most of them would do anything — even bring about an even deeper depression recession — just for the sake of:
“Towards thee I roll, thou all-destroying but unconquering whale; to the last I grapple with thee; from hell’s heart I stab at thee; for hate’s sake I spit my last breath at thee. Sink all coffins and all hearses to one common pool! And since neither can be mine, let me then tow to pieces, while still chasing thee, though tied to thee, thou damned whale!”