Nissan will cut 20,000 jobs as US sales plunged 31%. “Our worst assumptions on the state of the global economy have been met or exceeded,” said Chief Executive Officer Carlos Ghosn. [Bloomberg]
It’s hard to think of an object that isn’t made of wood or packaged or encounters wood at some point in its journey through the economy. Any number of household items that you can buy at Walmart, like a toilet seat for instance, may very well be made from Russian wood.