Tag Archives: job cuts

Stacy Summary:  Great Bloomberg headline in that it pretty much sums up the neo-liberal reality – catastrophe for workers is catastrophe averted for bankers & corporations.   The problem with operating a giant global ponzi scheme with this paradox, however, is that the ponzis at the bottom of the pyramid need to earn something eventually to keep the debt bubble going.

• Job cuts avert catastrophic quarter as profits excel

• IMF:  $6200 per American to stabilize the financial system

• Ireland’s unemployment rate rises to 11.4%

• UK private sector wages collapse 7.7 pc, fastest rate in 60 years (public sector wages up 3.2 pc)