WikiWirral Online with you since 2003, fantastic.
Forum Stats
12247 Members
65 Forums
72881 Topics
982431 Posts
88 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
75 registered (11kendo, 12 invisible), 1693 Guests and 318 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
What happened to Tranmere car bootie? 598
Incident at Westminster 550
Martin Mcguinness dies 534
Alloys refurb and colour change. The Wheel Deal. 473
File too large 397
Council tax bill for this year 2017 395
British troops to Estonia 346
Has anyone fished 310
1882 Plan of the borough of Birkenhead and Wards 296
Petrol Lawnmower to purchase 246
New General Forums
Surely the most honest add.....
by buddy
20th Mar 2017 5:43pm
Happy Birthday DIZDAZDOZ
by snowhite
19th Mar 2017 4:24pm
My old friend the fox
by Dilly
18th Mar 2017 11:15am
charity shop bungle..true story
by fish5133
18th Mar 2017 9:11am
New Wirral History
William Bernard's building, Birkenhead
by yoller
20th Mar 2017 4:27pm
1882 Plan of the borough of Birkenhead and Wards
by Dave_Wood
19th Mar 2017 11:57am
New Brighton Coop
by Mike_White
9th Mar 2017 12:48pm
Tranmere High School for Girls 1882 Chesnut Grove
by sarah708
6th Mar 2017 8:23pm
Whetstone Lane, Birkenhead
by MoretonExpat
6th Mar 2017 8:04am
Forum Tips
Photo Gallery Forums
Birkenhead Transport Museum 24th Feb 2017
fireworks on the Mersey last night
Topic Replies
Incident at Westminster
by granny
Yesterday at 10:34 PM
Offset number plates
by venice
Yesterday at 09:26 PM
'March' Photo Competition.
by fish5133
Yesterday at 08:53 PM
What song are you listening to?
by starakita
Yesterday at 06:07 PM
706 Plough Inn 25and 27 Breck Road Wallasey
by tigertiger1953
Yesterday at 04:25 PM
What are you eating today?
by Dilly
Yesterday at 01:44 PM
Genuine Canada Goose Men's Chilliwack Jacket - L
by Liverpooltiger
Yesterday at 01:14 PM
It's Broken : Forum Update
by lollipop
Yesterday at 08:53 AM
Lee and Cragg Quarries - Bacup
by Mark
Yesterday at 07:43 AM
March
M Tu W Th F Sa Su
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Recent Posts : What's On ?
Lee and Cragg Quarries - Bacup
by Mark
Yesterday at 07:43 AM
Rufford Old Hall
by diggingdeeper
13th Mar 2017 9:58am
Topic Options
Rate This Topic
#273636 - 5th Dec 2008 9:52pm US Job Losses Surge
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Originally Posted By: BBC News
US employers axed 533,000 jobs in November, the biggest monthly cut since 1974, the US Labor Department said.

In a dramatic indication of the worsening economic situation, the US jobless rate rose to a 15-year high of 6.7% from 6.5% in October.

Since these latest figures were compiled, further jobs losses have been announced, including big cuts at AT&T.

The grim economic data pushed Wall Street shares down by 2.5% while oil fell to a near four-year low of $40.

Recent data has fuelled fears that the world's biggest economy is set for a deep, long downturn.

Wow, that is shocking, over half a million more people out of work in a single month. My mum has just been to California for her annual US holiday, and she said it has changed beyond recognition since last year. The malls are empty, and the few people in them, don't want to spend money. Loads of businesses and shops etc are closing/downsizing, and everyone seems just generally miserable. The friends she goes and stays with, they have had to downsize from a $2 million house, because they simply could not afford the mortgage in the face of rising costs and taxes, and one of her friends works for nVidia, but even she is unsure if she will have a job come this time next year. She went to the mall a few days after the big sales, and she said the car park was almost empty, and its always packed whenever she has been before, and its the fall season for crying out loud.

They have cut back on everything public service wise, and even things like bus services etc have been slashed by 60% in the area she stayed, due to the lack of money and increased taxes.

She said if we think its bad over here, we aint seen nothing. America almost seem's like it is back in a depression, its a shadow of its former self.

The only positive thing for most people is that they are glad to have "new blood" as they say, coming in January, and can't wait to see the back of Bush.

BBC News Report

Top
National News : Advertising
Click me for more Information......

WikiWirral Numbers : Between 150 and 200 New Members Every Month. With Over 3,500 unique visits and 35,000 Page Views each day. Average +500 Search Engines Daily and over 1,000,000 Million Page views a Month. Advertising from 20 . Click Me
#273640 - 5th Dec 2008 10:05pm Re: US Job Losses Surge [Re: MattLFC]
Snodvan Offline

Forum Addict

Registered: 19th Mar 2008
Posts: 1257
Loc: Wallasey Village
Before folk get too mega-depressed perhaps those with the time (30 mins) and inclination would like to see this lecture.

http://fora.tv/2008/10/21/Geopolitical_Consequences_of_the_Credit_Crunch

First, the guy is a superb lecturer in terms of style, presentation etc AND he does have a pedigree in terms of his technical knowledge.

While he most certainly does not say 'all is rosy' he does make a lot of positive statements that indicate the US coming out of the problems OK "if it all works and Obama does not do anything daft". What is perhaps more worrying is the way in which he points out that Europe and esp UK is in a far worse potential situation.

Snodvan
_________________________
5 Precepts of Buddhism seem appropriate. Refrain from taking life. Refrain from taking that which is not given. Refrain from misconduct. Refrain from lying. Refrain from intoxicants which lead to loss of mindfulness

Top
#273643 - 5th Dec 2008 10:15pm Re: US Job Losses Surge [Re: Snodvan]
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Is you son still over there Snod? If so, how is he finding life?

I agree that the UK is far worse, because our economy has tried to emulate the US, without the resources. And people have spent far far far too much on credit, and that is why it is hurting us so badly on a personal level. The only UK bank left, with more assets than the value of its loans/credit, is the HSBC, and this is one of the reasons the shit is hitting the fan so hard.

We are all going to have to pay dearly. I know this sounds harsh, but the government putting stress on the banks to bail out customers who can't afford their mortgages, imho, is downright rediculous. I know people could lose their houses if they are not helped, but how about the government helps us all, not just families (people with young kids), pensioners (who are not bad off, in truth, to begin with, when my mum moved back up north, she was jobless and expected to live on 50 a week, and she got no fuel allowance etc, 250 would pay for my underfloor heatinf for an entire year lol) and home-owners (who are already priveledged enough to in that position, it's not my fault if they didnt save during the good times, or have overstretched themselves).

We need to let the recession takes it course imo, people need a GOOD HARD SHOCK to the system, they need to see what happens when we all spend spend spend, and buy into any governments dreamworld that we can have everything we want, spend irresponsibly and never have to worry. Otherwise, in 15 years time, we will be in the same position.

Funny how people are moaning and groaning that they may lose their house, their car etc, when for the past 10 years that fear hasnt worried them, and there are people who have been made bankrupt/declared themselves bankrupt during those years, and had no help from the banks or government and just had to get on with life. Why is it suddenly a priority to help those people who lose thier houses/cars or declared bankrupt now? Am I sensing vote buying? In return for doubled taxes next term?

Only when bankruptcy/lack of money comes up and kicks people in the face, will a lot of people learn that money and credit is not to be taken for granted, just like everything in this life.

Top

Moderator:  Mod 
Random Wirral Images

Click to View Topic.
Newest Topics
Offset number plates
by venice
Yesterday at 01:24 AM
What does this all mean?
by venice
22nd Mar 2017 12:20pm
black contiboard locally?
by fish5133
21st Mar 2017 9:30pm
Port Sunlight
by alan128
21st Mar 2017 10:09am
Council tax bill for this year 2017
by keef666
20th Mar 2017 10:25pm
For Sale & Free
Genuine Canada Goose Men's Chilliwack Jacket - L
by Liverpooltiger
Yesterday at 01:14 PM
Nail Varnish Stands X 2 (holds 50 in each one)
by j_demo
20th Mar 2017 5:49pm
Ipad
by madrob
19th Mar 2017 5:15pm
windows 7 64bit pc
by brady
18th Mar 2017 4:49pm
Petrol Lawnmower to purchase
by saltytom
18th Mar 2017 8:42am
Featured Member
Registered: 10th Apr 2012
Posts: 18
Newest Members
Monkeyboyliam121, andreap, LairdLad, HollandGj, petaann
12247 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
What does this all mean?
by venice
22nd Mar 2017 12:20pm
black contiboard locally?
by fish5133
21st Mar 2017 9:30pm
Port Sunlight
by alan128
21st Mar 2017 10:09am
Council tax bill for this year 2017
by keef666
20th Mar 2017 10:25pm
What happened to Tranmere car bootie?
by MikeT
18th Mar 2017 6:27am
News : New Topics
Incident at Westminster
by granny
22nd Mar 2017 3:40pm
Martin Mcguinness dies
by Dilly
21st Mar 2017 9:29am
British troops to Estonia
by fish5133
18th Mar 2017 8:16am
Unusual Phone calls
by granny
16th Mar 2017 3:53pm
Thanks
by Christinerowland
14th Mar 2017 8:11pm
New Enthusiast Forums
Offset number plates
by venice
Yesterday at 01:24 AM
File too large
by Dilly
20th Mar 2017 10:41am
ford focus 1.6 t reg rattling
by Little_B
19th Mar 2017 11:02pm
Alloys refurb and colour change. The Wheel Deal.
by TheComputerLab
18th Mar 2017 9:17am
Has anyone fished
by Habdab
17th Mar 2017 8:43pm
(Views 24hrs)Trending Newest Topics
Wirral Sunrise Sunset
Sunrise Fri 6:02am
Sunset Fri 6:33pm
Local Time Fri 3:49am
WikiWirral Can . . . .