On May 5, 8:43 pm, visualseep...@[EMAIL PROTECTED]
wrote:
> This recession will be like no other in its ferocity.
You not only can't think but you don't know ****.
With unemployment in the USA running within one percent of historic
lows (4-5%) and, according to several articles in the WSJ, much if not
most of the financial markets stabilized (construction in trouble, but
ex****ts up and tourism in the US at a peak) you make this claim
(above) on what? The "ferocity" of the Great Depression (1930a) was
25-30% unemployment in the USA. Back about 15-20 years ago we had the
worst unemployment at around 11-12% and, man, I'm telling you we have
a long way to go to get to 11-12%, and a lot farther to get to Great
Depression levels of unemployment.
> Within 6 to 8 months, its impact will begin to be felt.
Well, the WSJ is a mainstream and highly rated piece of business media
and while the road ahead is not rosey, I see very little "crystal
ball" sights of major disaster.
You're going to have to do a lot better than that.
> ----------
>
> Merck to cut 1,200 sales jobs following regulatory setback
>
> Monday May 5, 6:01 pm ET
> By Linda A. Johnson, AP Business Writer
> Merck to cut 1,200 sales jobs following regulatory setback for
> cholesterol drug
>
> TRENTON, N.J. (AP) -- Merck & Co. said Monday it is eliminating 1,200
> U.S. sales jobs, a move that comes a week after federal regulators'
> surprise rejection of an experimental cholesterol drug heavily touted
> by the pharmaceutical company.
>
> The cuts come on top of the elimination of about 8,100 positions under
> the sweeping restructuring plan announced in December 2005, Merck's so-
> called Plan to Win.
|
