Source Pravda.Ru

Citigroup Inc plans to cut another 2000 jobs

Citigroup Inc. faces serious economic recession that makes the major American financial services company cut another 2,000 trading and investment-banking jobs.

It’s the second time this year that the company cuts jobs, both cases based on the previous mortgage market crisis, costing Citigroup a loss of almost half its market value.

On January 7, 2008 Citigroup announced that it is considering cutting 5 percent to 10 percent of its work force, which totals 327,000.

Analysts broadcast further losses taking into consideration Citigroup’s loss in the fourth quarter (the biggest in its 196-year history) and the current events. Some predictions are even darker and hint that Citigroup is balancing over a gulf.

So Donald Trump referred to "shithole" countries in a meeting on immigration. Or did he? In denying the allegations, claiming that was "not the language used", while others state that was the language used, either he, or they, are lying. The bottom line is, what to make out of the "shithole incident"?

Some A**hole should shut his cakehole
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