“The sky is falling, the sky is falling” seems an appropriate response to industries across the world lay off record numbers and report historic dips in both revenues and profits. And it seems as thought we’ve not yet hit bottom.
We get so much national news, since mahor news organizations have reduced staff to eliminate most of their froeign correspondents, choosing to rely on news services for foreign feed, try searching “World economic woes” and you’ll get an idea of how profound the problem is. You can also check AFP, the Guardian, BBC, Rueters and other more global news organizations. It’s not a ptetty or encouraging picture. Dubai and China are reporting plant closures.It shoud come as no surprise that Dutch finance and insurance AIG is laying off 7000 reportedly o the heels of its worst quartly performance (pussies!)
Hang on. It looks like we’re in for a long ride.