Speaking of bankers. The “international superstar” Erin Burnett does a segment for the MSNBC’s ‘Morning Joe’ about the Citigroup’s earnings, the $1.5 billlion loss last year, plus (or is it minus) 100K layoffs globally. The usual “executive bonuses” jive follows. The metrosexual moron Donny Deutsch starts yapping about the bankers showing some good PR by sending cash to Haiti. Without disputing the gesture Erin Burnett politely asks what would they do with all the money in Haiti? But no one asks the obvious question. Didn’t you just report on the loss of the hundred thousands jobs!? At some point you will need the jobs to send money anywhere, even, gasp, your next door neighbor.
Further Reading:
9 Professions with Worst Job Losses in 2009
55% of jobs lost by the currently unemployed are gone forever
Structural Shifts and Unemployment
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