Big Pharma kingpin making job cuts
As Electoral-Vote.com notes Electoral-Vote.com notes, Big Pharma folks are relatively immune from recessions. People are getting sick all the time.
So, Merck's announcement it will lay off 7,200 employees has to be considered an indicator that this is a real recession, not a mild one at the end of Bush I or the end of Clinton/start of Bush II. This will be like the longer, deeper, Carter-Reagan recession.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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As seen at Washington Babylon and other fine establishments
October 23, 2008
Merck layoffs mean real recession
Labels:
Big PhARMA,
recession 2008
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