Search Options
close
Search the following clips:
All Clips
Everyone's Clips
My Guides
Sign Up
Install
Learn More
Login
Wall Street may cut 20,000 jobs over 2 years: report
rmowery
follow
1
3-25-2008 5:00 AM
158 views
tags:
wall street
,
nyc
,
us
,
stock market
,
economy
,
job loss
Add a Comment
Login
to Comment. Not a member yet?
Sign up
Related Clips
'Last Lecture' professor dies at 47
The Reconfigurable House, how to remain sm...
Richest Americans See Their Income Share Grow
Photo Gallery: Obama Takes in the German C...
Electric Cars and iPhones
Animals Get Freaky at Museum of Sex!
Obama Addresses 'Tens of Thousands' in Berlin
More clips from
rmowery
Women prefer men with stubble for love, se...
Americ's Shrinking Groceries
Start at any age
Today's Top Clips
Do Not Read This !
Hero
Scientists Find the Trigger of the Northern Lights
How Many Silicon Valley Startup Executives Are Hopped Up On Provigil?
Extinguishing the Fear at the Roots of Anxiety
'Last Lecture' professor dies at 47
Thinking Ahead
Should have killed him
Unknown insects found in 110-million-year-old amber in Spain
Intel: Human and computer intelligence will merge in 40 years
visit the
Top Clips page
View the Top Clips from
March 25, 2008
Embed This Clip In Your Site...
<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1c957515-840c-4ae7-8421-fa225a4a363a/5102AA48-684E-4352-A9CA-0F956B961F63/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc" href="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc"><H1> <DIV class="source"> <A href="http://us.rd.yahoo.com/dailynews/reuters/brand/SIG=pd7i95;_ylt=AvfRcqNuYI8tc6qqkGhvI5hg.3QA/*http://www.reuters.com"><IMG width="94" height="27" border="0" alt="Reuters" src="http://l.yimg.com/us.yimg.com/i/us/nws/p/reuters_logo_94.png" /></A> </DIV> Wall Street may cut 20,000 jobs over 2 years: report </H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc"><P> NEW YORK (Reuters) - <SPAN id="lw_1206410016_0" class="yshortcuts">New York City</SPAN> risks losing more than 20,000 jobs in the high-paying financial sector over the next two years as the crisis in mortgage markets drives down Wall Street's profits, according to a report issued on Monday. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc"><P>The city's <SPAN id="lw_1206410016_1" class="yshortcuts">Independent Budget Office</SPAN>, in its report, estimated that <SPAN id="lw_1206410016_2" class="yshortcuts">Wall Street</SPAN>'s profits for 2007 will sink by more than 80 percent to the lowest level since 1994.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc"><P>Profits for 2007 are expected to total just $3.2 billion, down from $20.9 billion in 2006, the report said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080325/ts_nm/newyorkcity_jobs_dc"><P>Banks and brokerages account for almost 35 percent of all salaries and wages in New York City. Fallout from investments in the risky <SPAN id="lw_1206410016_3" class="yshortcuts">subprime mortgage market</SPAN> has forced <SPAN id="lw_1206410016_4" class="yshortcuts">Wall Street banks</SPAN> to write-down more than $150 billion -- and more red ink is expected.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5102AA48-684E-4352-A9CA-0F956B961F63/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
Clipmarks
Home
New Clips
Top Clips
Dashboard
Popular Topics
News
Life
Science
Technology
Entertainment
Get Started
Sign Up
Install Clipping Tool
How Clipping Works
Clip-to-Blog™
ClipSearch
Tools and Resources
FAQ
ClipWeek
Top Clippers
Top Tags
Site Map
About Clipmarks
About Us
Contact
Blog
Copyright
Privacy
EULA
OK