MSM: Pioneer pulls plug on 10,000 jobs

Electronics firm Pioneer is axing 10,000 employees as it pulls out of the flat-screen TV market by March next year and predicts a record annual loss.

Nissan to Cut 20,000 Jobs

HONG KONG — Nissan Motor joined Toyota, Mazda and Mitsubishi on Monday in forecasting a loss for the current financial year, and announced it was cutting 20,000 workers in one of the most aggressive cutbacks so far by a Japanese company since the start of the global downturn.

A Bankrupt and Discredited Country: The Era of American Leadership Is Over

Vast numbers of people in the United States and abroad are hoping that President Obama will end America’s illegal wars, halt America’s support for Israel’s massacre of Lebanese and Palestinians, and punish, instead of reward, the shyster banksters whose fraudulent financial instruments have destroyed economies and imposed massive sufferings on people all over the world. If Obama’s appointments are an indication, all of these hopeful people are going to be disappointed.

MSM: Japan heads for worst recession since second world war

Japan could be heading for its worst recession since the second world war after figures released today showed industrial output fell almost 10% last month and unemployment rose at its fastest pace for more than 40 years.