Losses and wins in a MultiCultClassics Monologue…
• Wachovia reported 2Q losses at $8.86 billion and plans to cut 6,350 jobs. “These bottom-line results are disappointing and unacceptable,” said the chairman. “While to some degree they reflect industry headwinds and weaker macroeconomic conditions, they also reflect performance for which we at Wachovia accept responsibility.” And they’ll undoubtedly pass the financial responsibility to customers.
• Hazleton Mayor Lou Barletta, who sparked controversy by proposing unconstitutional ordinances to punish businesses and landlords working with illegal immigrants, has been named Pennsylvania’s Mayor of the Year. The award should include a vacation package to Mexico.
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