WTF Is It Now?!?

Morning in Bushistan
Job cut announcements up 43%; planned reductions jump to highest level since April

U.S. job-cut announcements jumped in July to their highest level in three months, another sign that the longest job-market slump since World War II continues. U.S. employers announced 85,117 job cuts in July, a 43-percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger, Gray & Christmas, which publishes monthly tallies of job-cut announcements. One troubling aspect of the report is that the size of the cuts ran counter to normal seasonal patterns. - - CNN.