Linked by Thom Holwerda on Fri 14th Nov 2008 21:38 UTC, submitted by pantheraleo
Oracle and SUN The world hasn't been kind to Sun for quite a while now, but with the economic downturn, things are getting worse. Sun announced today that it will be laying off 18% of its workforce, or about 6000 people. In addition, it was announced that Sun's software chief Rich Green has resigned for reasons that were not stated, although as part of Sun's reorganization and cost cutting efforts, many departments are being merged, and the software division is being restructured and reorganized.
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RE[2]: Banks
by h3rman on Sat 15th Nov 2008 00:09 UTC in reply to "RE: Banks"
h3rman
Member since:
2006-08-09

Industrial production has to somehow correspond to demand. On the other hand, financial bubbles, i.e., price/debt inflation, i.e., bank revenues, can grow virtually without limits, extracting value from the productive economy - until the bubble bursts. If your business then depends largely on having banks as customers, you're dead.
Although I would agree that the American domestic market is unique since the US doesn't have to finance its own trade deficit/budget deficit.

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