There is no shortage of bad news, but this is one of the worst things I have read in a while. Not only is unemployment high, but now companies are cutting workers pay. Some people worry about inflation, but deflation is even scarier.
The headline is: More Workers Face Pay Cuts, Not Furloughs
http://www.nytimes.com/2010/08/04/business/economy/04paycuts.html?_r=1&hpw