Bad Economic News Roundup

Weyerhauser posted a loss, which is no surprise, given that no one's building anything. (Things could possibly be looking ever-so-slightly-up.) Meanwhile, making good on an announcement earlier in the year, Microsoft will be handing out around 3,600 pink slips today. Local recipients will be able to get a little more in unemployment benefits from the state, which has more people claiming public assistance with the economy in the shitter. The big picture? Paul Krugman fears a long stretch of declining wages and disappearing jobs.

comments powered by Disqus

Friends to Follow