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THE ECONOMY - BBC HEADLINES

 
 
Reply Sun 16 Nov, 2008 06:22 pm
looking at the headlines of the BBC business makes my head spin .
are there aren't many encouraging business news out there .
(just remembered : 99 cents stores and hockshops are doing well - must try to remain optimistic)
hbg

Quote:
ECONOMY

UK in for 'prolonged recession'

World leaders grapple with crisis

COMPANIES
HBOS sees risk of nationalisation

Carphone mulls TalkTalk spin-off

AFRICA
African free trade zone is agreed

Orange brand heads for Uganda

AMERICAS
US carmakers rescue plan in doubt

Lehman staff set to get bonuses

ASIA PACIFIC
Hong Kong slides into recession

Korean Air suffers profits fall

EUROPE
Air France strike causes chaos

Europe car sales in steep decline

MIDDLE EAST
Emirates profit sinks on oil cost

Zardari seeks urgent Saudi funds

SOUTH ASIA
Tata Group cools expansion plans

Brakes put on Indian car making
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hawkeye10
 
  1  
Reply Sun 16 Nov, 2008 06:27 pm
@hamburger,
the old order is dying, predatory capitalism must die before the new order can be born. This is going to hurt like hell, no doubt about it now.
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talk72000
 
  0  
Reply Thu 20 Nov, 2008 10:59 pm
Once Obama becomes president and fixes the financial system there will be confidence in the markets. Doing an FDR infrastructure New Deal-like program will get people working and working people will be shopping again. The US economy is the linchpin of the world economy at the moment and for the foreseeable future of at least 50 years.
hamburger
 
  1  
Reply Fri 21 Nov, 2008 05:57 pm
@talk72000,
talk wrote :

Quote:
Once Obama becomes president and fixes the financial system there will be confidence in the markets. Doing an FDR infrastructure New Deal-like program will get people working and working people will be shopping again. The US economy is the linchpin of the world economy at the moment and for the foreseeable future of at least 50 years.


imo that would be just great .
the problem i see is that people's expectations are extremely high .
when FDR became president , the people had been suffering through the depression already and were willing to work with him , i believe .
but now , most people want the "good times" to continue (after all the bump was so far relatively short and there has not yet been the suffering of the deppression years) and want everything to get even better ... and that may be difficult to achieve . the way i see it : no pain - no gain .
but not many people willing to tolerate any pain , i believe .
hbg
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