Wall St. Rally Masks Deeper Problems

Consortium News, The Real News by Paul Jay, Richard Wolff | Jul. 28, 2009 (News Analysis)

Wolff says the improved corporate balance sheets have resulted more from laying off workers and reducing costs than in selling more products and raising revenues. Workers have been forced to make concessions, but that decreases chances for a healthy recovery, he says. Full Story »

Posted by Dwight Rousu

More Info

Tags Help
Subjects: U.S., Business
Topics: U.S. Economy, Labor
Editorial Help
Posted by: Posted by Dwight Rousu - Jul 28, 2009 - 11:48 PM PDT
Reviewed by: Dwight Rousu (review), Tanya J. Maurer (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Dwight Rousu - Jul 28, 2009 - 11:48 PM PDT
Like | | | Comments

To:


Separate email addresses with commas.
25 recipients max.

Note:

Reviews

Show All | Notes | Comments | Quotes | Links
Member_photo_thumb
4.2
 by Dwight Rousu - Jul. 28, 2009

Profits made by layoffs and cutbacks are seen not to be a healthy recovery. Wolff's observations are interesting, as he sees the current recession from it's view on workers.

Dwight posted this story.
See Full Review » (12 answers)
Silhouette_sml
3.7
 by Tanya J. Maurer - Jul. 29, 2009
See Full Review » (11 answers)

Comments on this story Help (BETA)

Sort by: Oldest | Newest Hide All Replies
NT Rating | My Rating

Ratings

3.9

not enough reviews
from 2 reviews (20% confidence)
Quality
3.9
Facts
3.5
Fairness
4.0
Sourcing
3.5
Style
3.5
Context
4.0
Depth
3.5
Enterprise
4.5
Relevance
4.5
Popularity
4.1
Recommendation
4.0
Credibility
4.5
# Reviews
1.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

No links yet. Please review this story to add some!