For public policy to be effective in responding to this grim situation, it needs to be based on a clear understanding of where jobs come from.
Instead of thinking about the grim economic situation, you buy a Hello Kitty refrigerator.
Given the current grim employment situation, EBRI projects the number of workers in retirement plans will continue to drop in 2010.
Today's situation is grim, but currency crises and sovereign defaults would only make the mess worse.
The situation remains grim, though, for Wrexham, as second-to-last Mansfield began the day five points above the north Wales club.
The economic situation remains grim, with comments from the central bank on Wednesday indicating that the country's recession deepened in the last three months.
The pivotal turn in all of this came when the White House decided to essentially drop its support for Wolfowitz, with one senior administration official telling me the situation looks grim.
And, of course, while the economic situation may look grim, young people do have some advantages over previous generations.
With nowhere to go and nowhere to hide in a hostile work environment, the situation looks increasingly grim for Rudolph until, without warning, the owner of the business personally intervenes in an utterly unexpected manner.
Ireland's economic situation is so grim, he adds, that many voters are unwilling to risk further turmoil with another No vote, and while many would dearly love to punish the hugely unpopular administration, most will hold off until the next election.
However, we believe this situation is not as grim as the market is anticipating.
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