Breaking: Citi to cut 18,000 MORE jobs
1:52[C] Citi to post Q2 write-downs of at least $8B: UK Times
1:52[C] Citi analysts say firm needs more new capital: UK Times
1:52[C] Citi to cut at least 18,000 jobs before '08 ends: UK Times
1:52[C] Citi equities-unit traders expect major job cuts: UK Times
1:52[C] Citi CEO Pandit set to divest $500B of assets: UK Times
Wow.....what will it take for America to wake up.
Our Airlines are shrinking, Our Auto companies are shrinking, Our Banks are shrinking, Our Construction companies are shrinking, Our Retailers are shrinking, Our Restaurants are shrinking, Our Insurers are shrinking, and now government revenues are shrinking at the fastest pace in history..........
Not only are revenues shrinking, costs for everything is exploding.....never has this happened before.
If you don't think our economy is sick yet......pretty soon it will tell you whether you like it or not.