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“The current pace of decline is breathtaking,” said Robert Barbera, chief economist at the research and trading firm ITG. “We are now falling at a near record rate in the postwar period and there’s been no change in the violent downward trajectory.”
The acceleration has convinced some economists that, far from an ordinary downturn after which jobs will return, the contraction under way reflects a fundamental restructuring of the American economy. In crucial industries — particularly manufacturing, financial services and retail — many companies have opted to abandon whole areas of business.
“These jobs aren’t coming back,” said John E. Silvia, chief economist at Wachovia in Charlotte. “A lot of production either isn’t going to happen at all, or it’s going to happen somewhere other than the United States. There are going to be fewer stores, fewer factories, fewer financial services operations. Firms are making strategic decisions that they don’t want to be in their businesses.”
http://www.nytimes.com/2009/03/07/bu...s.html?_r=1&hp
The acceleration has convinced some economists that, far from an ordinary downturn after which jobs will return, the contraction under way reflects a fundamental restructuring of the American economy. In crucial industries — particularly manufacturing, financial services and retail — many companies have opted to abandon whole areas of business.
“These jobs aren’t coming back,” said John E. Silvia, chief economist at Wachovia in Charlotte. “A lot of production either isn’t going to happen at all, or it’s going to happen somewhere other than the United States. There are going to be fewer stores, fewer factories, fewer financial services operations. Firms are making strategic decisions that they don’t want to be in their businesses.”
http://www.nytimes.com/2009/03/07/bu...s.html?_r=1&hp
The way you walk and talk really sets me off
The way you squeeze and tease, knocks to me my knees
The way you swerve and curve, really wrecks my nerves
The way you push, push let’s me know that you’re no good
FIRE(What I said, child, ow)
FIRE(Uh-huh)
Got me burnin’, burnin’, burnin’
Got me burnin’, burnin’, burnin’ (Yeah)
Got me burnin’, burnin’, burnin’ (Yeah)
(tip of the hat to the Ohio Players)
The way you squeeze and tease, knocks to me my knees
The way you swerve and curve, really wrecks my nerves
The way you push, push let’s me know that you’re no good
FIRE(What I said, child, ow)
FIRE(Uh-huh)
Got me burnin’, burnin’, burnin’
Got me burnin’, burnin’, burnin’ (Yeah)
Got me burnin’, burnin’, burnin’ (Yeah)
(tip of the hat to the Ohio Players)
Looks like Hudson's right on time with his audio post from yesterday ("The Way We Were and What We Are Becoming")
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