Wall Street investment giant Morgan Stanley said Wednesday it would eliminate 1,000 jobs as it scales back residential mortgage operations in response to the US housing slump.Not to worry, the Bush administration says there is no recession. Nothing to see here, just move along.
The move affects 1,000 jobs in the United States and Britain...
Off the top of my head though, isn't a 'financial Wall Street giant' more or less at the center of the whole financial panorama. Must just be a little blip in the radar.
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