Good news / bad news

It's time for the 2nd installment of Chemjobber's Good News / Bad News, where we try to discern where the heck the economy is headed:

The Good News: For the first time this year, a company has run a full-page color employment ad in Chemical and Engineering News. Last week, BASF ran a full-pager, looking for someone to run some obscure abbreviated division (PAP? PPA? APP?)

The Bad News: Paul Hodges points out that global chemical capacity is not exactly being used at the moment:

Paul Hodges, Chemicals and the Economy

Oh, dear. (Things don't look very good these days, do they?)