Not all the jobs cuts announced at Citigroup this morning will be outright layoffs. Like all inept managers the Vikram Pandit team has sought to obfuscate as much as possible on that figure. Here is the New York Time’s coverage:Citi Plans Asset Sales and Job Cuts The damage will be felt most here in New […]

Here is the text of an e-mail I sent this morning the TPM’s editor Josh Marshall. He is having genuine trouble with the notion of a GM bankruptcy. Josh: We have to let GM go! The entire company: management, unions, and shareholders have become so horribly out of step with the market for cars that […]

For the macabre amongst you here are today’s economic statistics:A Record Decline in October’s Retail Sales Not to put too fine a point on it: this sucks. I have to love the idiot comment part way down this article. An analyst, whom I will not name, says that we don’t seem to have ‘found the […]