Off Further into the Oblivion: Bloody Monday with 65,000 Job Cuts

It just keeps getting uglier. This is one of biggest job losses days in recent history, dating back to 1974 in all likelihood. It is starting to look as if unemployment for January will easily exceed 8 % officially and around 15 - 17 % unofficially.

http://bonddad.blogspot.com/2009/01/74000-job-cuts-announced.html

http://www.nytimes.com/2009/01/27/business/economy/27jobcuts.html?hp

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