How now Dow?

For all his bluster and bombast, Dow Chemical Co. Chairman Andrew Liveris lacks a little sand in the pants when confromted with the cold, hard facts.

Dow caved in today and made a deal to complete the poorly conveived merger with Rohm and Haas, and now Dow "plans to lay off 3,500 workers, on top of 5,000 already announced by the company," says the Wall St. Journal.

We can only hope the additional cuts don't hurt the working men and women of B'port too much.