Macy's
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- NotByHand
Just saw they laid off 7000 people today.
- NotByHand0
And also that Mattel's 4th quarter sales were down 46%.
46%!!!!!!
I wonder how people will lose their jobs as a consequence of that.
- dan53820
All of Macy's design will now be done in NY. However employees are receiving a severance and will be paid through May I believe.
- uberdesigner0
where am I going to get my lead laden desk toys now?
- TheBIueOne0
Here's some alternate reality for you - For some reason,I accidently opened a page from my browser history - an editorial piece written by one of John McCain financial advisers (Donald Luskin) back in early Sept. 2008 for the Washington Post. Here's what this guy wrote:
"There have been 11 recessions since the Great Depression. And we're nowhere close to being in the 12th one now. This isn't just a matter of opinion. Words -- even words as seemingly subjective as "recession" -- have meaning. ...anyone who says we're in a recession, or heading into one -- especially the worst one since the Great Depression -- is making up his own private definition of "recession." And probably for his own political purposes. Whatever the political outcome this year, hopefully this will prove to be yet another instance of that iron law of economics and markets: The sentiment of the majority is always wrong at key turning points. And the majority is plenty pessimistic right now. That suggests that we're on the brink not of recession, but of accelerating prosperity.
Maybe this will turn out to be the best of times -- at least since the Great Depression. "
- Ha. I’d like to tattoo that article onto his fucking FACE!MrOneHundred
- needs more punditry and double-speak.monNom
- it's just another example of how out of touch the boys are in the capital.imavery
- monNom0
"The sentiment of the majority is always wrong at key turning points. And the majority is plenty pessimistic right now. That suggests that we're on the brink not of recession, but of accelerating prosperity"
for the record, people were pretty optimistic back in April 2008 when the market turned... so by the logic used above...
- erikjonsson0
i have absolutely no remorse for cultures that breed over their self sustainability level