Amidst failing banks, falling currency value, being in recession, and xenophobic strikes even mother nature is throwing her stunts to erode the Britain's economy.
Recent News:
Few centuries old banks fail.
Economy in recession in 16 years.
Pound has hit a 23 year low.
Worst snowstorms in 18 years.
(7.5 sani for UK?)
God Show Mercy, Please...
Tuesday, February 03, 2009
Sunday, January 25, 2009
Nothing But Official...!!!
UK is in recession, officially.
Situation now seems to be more or less the same as 1980 except that pound is becoming more weaker.
Recap of 1980 recession in UK is here.
God save the Queen...!
Situation now seems to be more or less the same as 1980 except that pound is becoming more weaker.
Recap of 1980 recession in UK is here.
God save the Queen...!
Thursday, January 22, 2009
Welcome Mr.President...!!!
Welcome Mr.Obama...!!!
A fine speech; a bit dramatic; I felt goosebumps. I liked the speech. No wonder, the speech was in preparation for nearly three months with review by historians, speech writers & who not.
I think this economic challenges are much more tougher to handle than 'war on terror'. Lets wait and watch what he has in store.
Opinion from NY Times on Obama's speech.
View the world reactions to the swearing in here.
Click here for the inaugural speeches of presidents of the past.
A fine speech; a bit dramatic; I felt goosebumps. I liked the speech. No wonder, the speech was in preparation for nearly three months with review by historians, speech writers & who not.
I think this economic challenges are much more tougher to handle than 'war on terror'. Lets wait and watch what he has in store.
Opinion from NY Times on Obama's speech.
View the world reactions to the swearing in here.
Click here for the inaugural speeches of presidents of the past.
Sunday, January 18, 2009
Four Years & One Funeral
How would you feel losing someone who you knew for about 4 years, who spoke with you & whom you spoke with many times throughout the day, who travelled with you almost everyday, who slept with you almost every night, who woke you up almost every morning, whom you played with for hours and who was like a bridge to all your friends & family members?
I felt helpless & miserable when I lost someone like this just before New Year. I felt so lonely; I felt like an isolated island; I did not even want to celebrate the New Year; I could not talk to my friends and I could not talk to my family members.
I never thought four years would make me so attached to my Nokia 6610. I felt I lost someone very close to me. When the battery burnt and when I couldn't replace it and when I realized that that's the end of my cell phone...I can't explain in words how miserable I felt. With my poor brain memory I always depended on my cell phone memory to register the phone numbers. I lost the contacts of all the people I have maintained in my cell phone.
I even spent such an amount with which I could have bought atleast two new cell phones to replace the battery. But all in vain. I had to bury him. Let his soul rest in peace among the other souls of e-wastes.
Amen!
I felt helpless & miserable when I lost someone like this just before New Year. I felt so lonely; I felt like an isolated island; I did not even want to celebrate the New Year; I could not talk to my friends and I could not talk to my family members.
I never thought four years would make me so attached to my Nokia 6610. I felt I lost someone very close to me. When the battery burnt and when I couldn't replace it and when I realized that that's the end of my cell phone...I can't explain in words how miserable I felt. With my poor brain memory I always depended on my cell phone memory to register the phone numbers. I lost the contacts of all the people I have maintained in my cell phone.
I even spent such an amount with which I could have bought atleast two new cell phones to replace the battery. But all in vain. I had to bury him. Let his soul rest in peace among the other souls of e-wastes.
Amen!
Saturday, December 27, 2008
Crisis of Confidence
This is one of the best articles that I have read in the recent times. It says that we(India) are at the time of crisis of confidence and this financial crisis is only in our(Indian) minds.
Tuesday, December 16, 2008
How to Avoid Mishaps?
Five Innovative Ways to Avoid Such Mishaps:
1. Building an invisible shield around the person behind the podium
2. Asking people to remove their shoes, socks, belts, wallets, handbags, hairclips, chains etc before they get in to the meeting hall
3. Wrapping a bandage on people's middlefinger tied with index finger. (you know the meaning of showing the middle finger in some culture)
4. Sticking a duct tape around the mouth of everyone in the meeting hall (ofcourse except the person behind the podium)
5. Go green. Avoid travels. Use Video Conferences instead of travels. Save the planet from carbon emissions & save yourself from the flying shoes.
Any more innovative ideas?
1. Building an invisible shield around the person behind the podium
2. Asking people to remove their shoes, socks, belts, wallets, handbags, hairclips, chains etc before they get in to the meeting hall
3. Wrapping a bandage on people's middlefinger tied with index finger. (you know the meaning of showing the middle finger in some culture)
4. Sticking a duct tape around the mouth of everyone in the meeting hall (ofcourse except the person behind the podium)
5. Go green. Avoid travels. Use Video Conferences instead of travels. Save the planet from carbon emissions & save yourself from the flying shoes.
Any more innovative ideas?
Monday, December 15, 2008
Sunday, December 14, 2008
Gone in 60 Seconds
Can you believe that on an average six people have lost thier job in every 60 seconds in December so far?
Read the story here.
Pretty scary statistics, eh?
Read the story here.
Pretty scary statistics, eh?
Friday, December 12, 2008
Thursday, December 11, 2008
Great Depression - A sequel?
Are we getting into another Great Depression era?
As per Wikipedia
Irving Fisher, an american economist, argued (about Great Depression) that the predominant factor leading to the Great Depression was overindebtedness and deflation. Fisher tied loose credit to over-indebtedness, which fueled speculation and asset bubbles. He then outlined 9 factors interacting with one another under conditions of debt and deflation to create the mechanics of boom to bust. The chain of events proceeded as follows:
1. Debt liquidation and distress selling
2. Contraction of the money supply as bank loans are paid off
3. A fall in the level of asset prices
4. A still greater fall in the net worths of business, precipitating bankruptcies
5. A fall in profits
6. A reduction in output, in trade and in employment.
7. Pessimism and loss of confidence
8. Hoarding of money
9. A fall in nominal interest rates and a rise in deflation adjusted interest rates
I see that the chain of events happening now, in this economic downturn. It's a bit scary...are we getting into another era of great depression?
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