The economy is getting worst… seem like more and more people will lost their job… for the one that is not losing the job, some of them also will have a hard time.
Sometimes I just thinking, even if the economy is doing very bad, but if they still have some source of income, I think [...]
Today in the news it stated that Citibank will lay off about 53,000 of its employee… 53,000 is a big number! These people will then compete with other people to get a job…
For me, I can just wait and see… many of my project is not giving much money and some of them crate a [...]
LONDON (Reuters) – Oil rose above $68 on Tuesday, after industry sources said Saudi Arabia had already made substantial cuts in crude supplies and helped the market recoup earlier losses.
Saudi Arabia, the world’s biggest oil exporter, has reduced exports by around 900,000 barrels per day from a peak in August, one source estimated.
U.S. crude was [...]
I got this fact from some friends through email. I think it is interesting, therefore, like to share it here…
Between 1930 and 1933, over 9,000 U.S. banks closed, causing a loss to depositors and shareholders of about $2.5 billion — equivalent to $340 billion today.
NEW YORK TIMES
The IMF has about $260 billion available for loans [...]
Not long ago, I read a news, which some politician in Malaysia claim that Malaysia should not effect much from the financial turmoil. If it is the case, then it is very good.
Today, I found a news in an online publication. I think it is a good way to prepare for the unpredictable economic situation. [...]
I found this article in yahoo this morning… When reading the article, I smile to myself… and think… this is interesting!
The economy turmoil start from ourself (people) and if people try to cope and adjust our lifestyle, the effect is not that bad… a thumb up to this restaurant.
Here below is the full article.
Spanish restaurant [...]
Corporate America’s stark message: Buckle up and hunker down for rough recession
SAN FRANCISCO (AP) — Buckle up and hunker down, because we’re in for a rough recession.
The stark message has grown louder and clearer this month as more investors have fled the disintegrating stock market and corporate earnings reports have delivered a procession of disheartening [...]
Few days ago I post an article about the job cut which may be next after the financial turmoil… now today I saw one more news about it… seem like it is slowly there…
Now, one need to worry, especially if the saving is not much… and I believe many still depend on the month on [...]
Some politician said that their economy is good and their country will not effected by the economy turmoil… however, this news said that everyone seem to be nervous… I somehow feel nervous too…
People nervous now, but expect economy to improve
WASHINGTON – People are skittish about the economy’s immediate future. Ask how things will be in [...]
LONDON – European stock markets were lower Thursday following hefty losses in Asia earlier and an expected further retreat on Wall Street as spreading pessimism over corporate earnings reinforced concerns about the world economy.
Britain’s FTSE 100 index of leading shares was down 83.60 points, or 2.1 percent, at 3,957.29, while Germany’s DAX was down 171.94 [...]