Jobs taking a hit as the markets reel!

The world markets reeled from the effects of the Oil prices hitting new heights at $106 per barrell. If that was not bad enough employers had to slash jobs to such a large extent that recession seems to be the mantra on everyone's lips. One can almost feel sorry for whoever the next president is going to be, because when all is said and done, the recession is not going to hit the bush aministration but the buck is going to be passed to the next commander-in-chief.
The corporates have take a hit and as such are pushing it all onto the employees. High fuel prices, unstable economy and a dollar that is determined to go all the way to the basement has all contributed in one form or the other to the latest slasher drive by the corporates!