Job cuts continue to mount in December as recession deepens
December 08 could be even worse than November 08, when 533,000 jobs were lost, according to the Labor Department. That was the largest monthly loss since December 1974.
Baumohl said the jobless rate will peak close to 10% by the end of next year 09 or early 2010.
This all without the auto industry collapse.
The Senate failed to pass a $14 billion bailout plan on Thursday, but the White House said it may tap the $700 billion bailout approved by Congress in October to help the auto industry.
from : http://money.cnn.com/2008/12/12/news/economy/job_cuts/index.htm?postversion=2008121212
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Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
Bloomberg filed suit Nov. 7
http://www.bloomberg.com/apps/news?pid=20601109&sid=apx7XNLnZZlc&refer=home
