Just six weeks after it was announced, the so called “financial bailout” plan has reversed its course leading to steep drops in the stock markets worldwide. In an announcement on Wednesday, Treasury Secretary Henry Paulson has declared he is burying the idea of buying trouble mortgage assets and will focus on non-bank Financial Institutions and [...]
November 13th, 2008 | supa | Comments | ContinuedAll Posts Tagged With: "Financial Crisis"
Layoff season: Wikia, Veoh cut jobs on Monday, Yahoo to detail on Tuesday
We’ve Sensed It. We’ve Seen The Signs. Now… It’s Happening. - The Happening (2008)
It was expected, that melting WallStreet will hurt everything in its vicinity and now it is happening in the valley. Wikia.com, a community based plateform for wikipages, has laid of 30 percent of its 43 person workforce on Monday, according to ValleyWag. [...]
