Posted
General Electric Co.'s media and theme park subsidiary, NBC Universal, this week laid off about 500 employees — about 3 percent of its work force of 15,000 — as part of a plan to trim $500 million next year, a person familiar with the situation said Thursday. Several correspondents and other staff were laid off at NBC News. Positions were cut in roughly even proportions across NBC Universal's ad sales, theme parks, movie studio and cable networks.
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That's exactly my point though. The market takes a big nasty XXXX because an overpaid nobody, who works with a bunch of other overpaid nobodies, issued a press release. Hell, Reagan knew we were in a recession, and he's been dead for 4 years.
Of course, this could also explain why the market's in the crapper. The idiots doing a bulk of the trading didn't know we were in a recession until someone told them point blank.
I'm not trying to be a jerk here, but I really don't get the joke. I understand the movie and the cultural commentary it provides. I don't get the connection to this news article and therefore its reference here.
Can you explain that?
"If passion drives you, let reason hold the reins." --- Benjamin Franklin
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