This is why I hate capitalism. How in the hell can the fact that one hundred (100) families will lose their livelihoods & the goddamned company's stock price goes up? I hate capitalism & capitalists for that matter, evil bastards.
...The New York Times will bow to growing financial strain and eliminate about 100 newsroom jobs this year, the executive editor said Thursday.
Shares in The New York Times Company rose almost 5 percent Thursday after the newsroom staff reductions were reported, closing at $18.84, up 86 cents.