A bleak day of announced job cuts

[0:31]..." now. Even beginning to play with the -- deep corrections. That the United States faces -- that -- Massachusetts cannot escape from. And I'm afraid that not only of these bad but that's the every single "...

[0:53]..." of many examples this morning statistics included. Absolutely it's. Announcement. About. Slowing economic growth. In China. China is one of the very few countries in the world that is still growing. As opposed to shrinking which "...

[2:44]..." look like him in the offing and it still possible. Then yes Massachusetts's. Health care industry. At least parts of it might be able to weather is still. "...

[2:00]..." not hours not days but certainly minutes. Were running a real time electricity grid. So it only makes sense that we should be able to do what we do they'll do electricity grid in real -- we're talking about electronic signals that go out in minutes and were able to curtail. Hundreds of megawatts in the New England region alone our company manages well over 2000 megawatts of a demand response across North America. And that means that it's it's "...

[0:07]..." electronically regulate peak electric use. In -- says City Hall the Boston Public Library in Boston Police headquarters will be tied into the electronic demand response network. I spoke with the chairman of you know knock "...

[1:31]..." and in turn it helps us avoid those those. Peak times and electricity grid when. Or nervous about blackouts and brownouts and electricity outages in the region. "...

[0:00]..." Anthony silver in the WBZ newsroom the Obama inauguration could not shake Wall Street out of the doldrums as the banking industry's problems intensify. The parent company of Citizens Bank the Royal Bank of Scotland is forecasting losses stopping 41 billion dollars the biggest ever for British corporation meanwhile Bank of America. We'll begin cutting as many as 4000 jobs in its capital markets unit and State Street shares are down -- with thirteen your little. I spoke with the chief financial strategist at Jefferies and company are Hogan you're in Boston. Our art how would you would describe. What Wall Street's going through today with these hits from a major banks. "...

[0:57]..." the car pool. He get more money to accomplish the consolation of Merrill Lynch. -- there's just the domestic international banks are giving us worse than expected fourth quarter numbers the magnitude of the issues the "...

[1:42]..." you look at companies like Morgan Stanley which is -- 50% of the band start its already -- 70% coming into the year. So you know I think that there's a there's a lot of damage "...