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March 5 (Bloomberg) -- Bank of America Corp. will suffer “grave and irreparable harm” if Merrill Lynch & Co. employees paid $3.6 billion in bonuses just before the firm’s acquisition by the bank are publicly identified, its lawyers said.
NEW YORK, March 5 (Reuters) - New York state, in the final quarter of 2008, lost over 25 percent of the jobs it had gained since the last downturn, a statistic that reveals the deepening recession, the labor department said on Thursday.
This means 110,300 people working at private companies lost their jobs in just three months.
These employers had hired more than 400,000 people from July 2003, when the last decline ended, to August 2008, when the economy peaked, the state labor department's report said.
Private companies switched rapidly from hiring workers -- adding 70,000 in the third quarter -- to laying them off.
"Data released today continue to underscore the severity of the steadily deepening recession in New York State," said Peter Neenan, director of the state labor department's Division of Research and Statistics in a release.
Originally posted by projectvxn
reply to post by TruthMagnet
Things like this don't happen overnight. In term of switching currency. China's silver backed Yuan will likely be the world new reserve currency due to value and volume.
If you wanna know where your retirement is going take a look at this:
What's Dead (Short Answer: All Of It)