Posted in economy on May 1st, 2010
A not-so-amusing analysis from the BBC Online: On Planet Greece, some civil servants get a bonus for turning up to work on time. Foresters get a bonus for working outdoors. At least they show up. There are civil servants called ghost workers because they never go into the office, head to a second job and [...]
Posted in economy on Sep 2nd, 2009
Looks like there is an alert out for the collapse of the Commercial Real Estate market in the United States if this article in The Wall Street Journal on Monday is anything to go by: Federal Reserve and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. [...]
According to this news item in The Washington Post on 16 July 2009, the once-trendy Crocs could be on their last legs: The colorful foam clogs appeared in 2002, just as the country was recovering from a recession. Brash and bright, they were a cheap investment (about $30) that felt good and promised to last [...]
Posted in economy on Jul 1st, 2009
Nobody asked me for my opinion so I suppose I’ve to reproduce someone else’s. Here is an interesting question: who would you finger for the financial crisis that swept through the world in the past few years? The answer: Alan Greenspan, the former US Federal Reserve Chairman. Here is the story: LONDON, June 30 — [...]
Posted in economy on Jun 7th, 2009
A Reuters report from Washington today suggested that the strongest sign as appeared to show that the recession in the United States is diminishing. According to the report, even as the unemployment rate there had hit its highest level in nearly 26 years, the pace of job losses slowed sharply in May. The US Labor [...]
Posted in Insurance, Investment, Mutual Fund, Unit Trust, economy on May 22nd, 2009
Here is an interesting story that appeared in today’s issue of The Business Times in Singapore. It’s saying that owing to the global financial crisis Malaysians appear to be the most averse among Asians to higher risk investment products. They have become more conservative in their choice of financial instruments. According to the Life Outlook [...]
Posted in economy on Apr 11th, 2009
This is an article from The Malaysian Insider, itself reproduced from a report from The Straits Times in Singapore. It talks about the effects of the global economic crisis on Malaysia and how it has hurt the common man in the country. The fears expressed by the people interviewed in this report are very real [...]
According to The Independent newspaper in England, many couples there are heading to the divorce court as the country there heads deeper into recession. Unprecedented numbers of men who have either been made redundant, or fear their jobs may go, are suddenly splitting from their partners because they know they will likely be asked to [...]
Posted in economy on Jan 25th, 2009
An AFP story from Beijing says that Asia’s major economies reported a slew of gloomy news on Thursday showing the global crisis was hitting harder, as export-dependent nations feel the pinch from the worldwide slowdown: China’s economy slowed sharply in the final quarter of 2008 to 6.8 percent as thousands of factories that sold to [...]
Posted in economy on Jan 17th, 2009
From telegraph.co.uk, a chilling story on 14 Jan 2009 about shipping rates hitting zero as the global recession bites in. Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October. The cost [...]
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