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Global financial crisis

Even the sex industry needs a bailout!

January 8, 2009

I read with amusement about how the pornography industry in the US is coming out to say that even their business is affected until the extent of needing a government bailout. And the amount of bailout is not exactly a small amount, totaling some US$5 billion! That’s a lot of money to sustain this very [...]

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British retailers closing down

January 8, 2009

Fresh from the news that British retailer Woolworth is closing its doors after being in business for decades, Marks & Spencer is following suit with news of cutting some 1,000 jobs and closing down 27 stores in the UK. It is indeed a bad year for all those who have lost their jobs this way.
Marks [...]

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Is it wise to quit your job in the midst of a global financial crisis?

December 16, 2008

This thought has been lingering on my mind for about 2 weeks now. I have never considered this matter so seriously in my entire working life, but now I am. And I am wondering if it is smart at all to even think about it, seeing how the economy will not be going up anytime [...]

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Next on the US bailout plan is Citigroup!

November 24, 2008

Citigroup has become the latest financial institution who has come under to receive a huge bailout from the US government. It has just been confirmed that the US government has agreed to a bailout of the bank at a sum of about $300 billion. According to analysts, the terms of the bailout have been rather [...]

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General Motors headed for bankruptcy?

November 11, 2008

I read with surpise that the General Motors (GM) in the US is in such bad shape that some analysts have forecasted that its share price will drop to zero. Analysts also think that it is headed towards bankruptcy or stay in a bankruptcy-like future.
GM is now in an urgent state to get financial aid from [...]

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