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Netto Azure
January 28th, 2009, 03:58 PM
Ok, as we all know (unless you don't pay attention to the news) the past few moths starting September 2008 has been a whirlwind of Economic news. From the Collapse of Wall St./US Financial system. (No more WaMu ;_; ) To the closing of many well known stores (in their respective countries) such as Woolworths, Circuit City, Linens and Things, Merrvyn's to name a few. And International Cooperation through interest rate cuts, the G-20 Summit. etc. Also each respective countries "Stimulus Packages" from China to the US.

Crisis claims Icelandic cabinet (http://news.bbc.co.uk/2/hi/europe/7851415.stm)

An example of extremes in the impact of this recession is the Collapse of the Conservative-Social Democrat Coalition in Iceland after the Nationalization of the country's banks. (The entire Cabinet and PM resigned, Elections are scheduled for later)

Also for us here in the US:
US Congress passes economic package (http://news.bbc.co.uk/2/hi/americas/7857276.stm)

The US House of Representatives has passed President Barack Obama's $825bn (£576bn) economic stimulus package.

A blend of tax cuts and investments, it must now be backed by the Senate.
With a slimmer Democratic majority there, Republican opposition may be greater, amid complaints the plan is too expensive and will not work.

As For Canada:
Canada unveils stimulus package (http://news.bbc.co.uk/2/hi/americas/7855311.stm)

Canada's Conservative government has unveiled a multi-million dollar stimulus package that includes infrastructure spending and tax cuts.

The budget sets out spending of C$40bn ($32bn, £23bn) over five years.

There is also that Chinese Stimulus package from November 2008:
About $586bn (£370bn) is to go into housing, infrastructure and post-earthquake reconstruction in China over the next two years.

Also..Starbucks slashes jobs and stores (http://news.bbc.co.uk/2/hi/business/7857316.stm)
Coffeeshop giant Starbucks has announced it will cut around 6,700 jobs and shut 300 stores as it reported a 69% plunge in quarterly profit.

How has it affected you and how is your country's government coping with these daily developments?

>Feelings<
January 28th, 2009, 11:50 PM
Hey, I thought I posted in this topic before? What happened?
Anyways, I'll go on about it again...

Yes, global recession has affected me as an individual. I don't buy much things other than my necessities these days...
Surprisingly, it affected my country the least, where it was supposed to be the other way round.

Sebastien Loeb
January 29th, 2009, 01:04 AM
Mah, to me the global recession has not personally struck me, if I think instead about my nation I believe that the has struck a lot this recession, you are enough to think about the numerous factories that have had to close the leaves, and to the numerous places of employment that have come to miss.

ErickaVolt
January 29th, 2009, 04:01 AM
Global Recession hasn't affected me yet and my country. Possibly soon.

♣Gawain♣
January 29th, 2009, 04:36 AM
Too soon. If this continues, we might experience another great Depression. Like on the 1920's

But it didn't affect me this time.

Kaiyori
January 29th, 2009, 04:49 AM
It hasn't affected me personally, Because I'm lazy and I live of my parents XD. But I'm sure it has effected a lot of people and their jobs.

The warden
January 29th, 2009, 07:13 AM
Personaly I'v not been effected but job losses around the UK are all over the news at the moment.

jasonresno
January 29th, 2009, 07:40 AM
I haven't been affected at all. In fact I'm doing the best money wise that I have ever done. Knock on wood.

Akio123
January 29th, 2009, 08:04 AM
My mother and my aunt are at tourneys. Since one can can afford one these days we haven't had a client is over a month...so it has affected us...

Neety
January 29th, 2009, 01:28 PM
It's tough isn't it? I'm being severely affected: I'm unemployed and jobhunting is a horrifying prospect in the UK right now. Also thanks to my former Uni's epic failure (long story) I am in debt. So, mounting debt, no way to pay it...ack

The UK is suffering quite a lot, we're losing companies like Woolworths and Zavvi mainly because there's so much competition, and if a store doesn't have a specific market then it's out of the running/in administration. I expect a lot of the clothes store will go now that we have so many Primarks and supermarkets doing their own clothing ranges at cheaper prices.

Netto Azure
January 29th, 2009, 01:32 PM
Well even though striking might be considered a sport in France...

Huge crowds join French strikes (http://news.bbc.co.uk/2/hi/europe/7857435.stm)

Huge crowds have taken to the streets in France to protest over the handling of the economic crisis, causing disruption to rail and air services.
Unions said 2.5m workers had rallied to demand action to protect wages and jobs. Police put the total at 1m.
President Nicolas Sarkozy said concerns over the crisis were legitimate and the government had to listen and act.

Also the Davos Economic Forum has made the US a Pinata :<

The blame game starts at Davos (http://news.bbc.co.uk/2/hi/business/davos/7857790.stm)

The annual gathering of politicians and business leaders at the World Economic Forum in Davos is normally a time for celebration of the triumph of global capitalism - and a plea from those outside the magic circle to be allowed to join in.
But this time things are very different.

Mario The World Champion
January 29th, 2009, 07:51 PM
The recession's already affecting me. I'm about to lose my job! They are laying off people at my job tomorrow and I know I'm one of those people.

I'll be lucky if I get another job that pays HALF of what I'm making. I might as well sign up for Unemployment, but the state might run out of money. ><

The world is going to hell in a handbasket.

Route 18
January 29th, 2009, 08:34 PM
This economic crisis can be prevented. Things like this happen because governments are afraid to spend. When governments spend money to build roads or buildngs, they are producing job vacancies. With more job vacancies, there will be more taxpayers, and more money for the governments. So spending is the key, but governments should be aware of what they are spending money on.

But my family hasn't been hit. Australia isn't getting the worst of it.

Anyway, could someone explain to me how all this is happening? And how could this financial crisis be worse than the Great Depression? I mean, the Depression had price rises many hundreds of times higher than normal, and here in Australia, prices of various items are normal, if not cheaper.

I pity Obama...look what he has to work with.

Netto Azure
January 31st, 2009, 04:24 PM
The Weekly address... D=

v/mTrp-GKG9Bo

Hay this week's Davos Conference is well a lot more low key...
We're just waiting for the G20 Summit in London on April to see how things will go...

Old news:

Japan announces Asia aid plan (http://news.bbc.co.uk/2/hi/business/davos/7862424.stm)

Japan's PM Taro Aso has announced a 1.5 trillion yen ($17bn;£11.6bn) aid package to help Asian countries weather the economic downturn.
The money will be spent over three years on infrastructure projects and promoting trade.



Germany agrees 50bn euro stimulus (http://news.bbc.co.uk/2/hi/business/7825513.stm)

German Chancellor Angela Merkel has unveiled an economic stimulus package worth about 50bn euros ($67bn; £45bn) to kick-start Europe's largest economy.
The measures include investments in railways, roads and schools, as well as a number of tax relief initiatives.



Ahh! So many "Stimulus Plans" =/

Mario The World Champion
January 31st, 2009, 08:10 PM
Well, I knew it was going to happen. Yesterday, me and about a whole lot of other people got laid off. I mean, they called everybody who works there in on Friday at 1 P.M. and they told us the bad news.

So, all of us got these packets containing what new position they are going to be on, but a lot of us for thicker packets containing that we are "terminated". And once we got them, they told all of us to get out. I was one of those people that got laid off. I don't know how many people on my shift got axed.

I mean, it was big and the story made the front page of my town's local newspaper. Honestly, I'm glad I got laid off because I couldn't stand the rumors and paranoia going around.

And to all the people here who said the recession hasn't affected them wherever they live... just wait.

Netto Azure
February 5th, 2009, 10:10 AM
Ehhh...For those guys in Europe saying the Economic Crisis doesn't affect them with their heads in the sand like ostriches...

Industrial unrest in Europe (http://news.bbc.co.uk/2/hi/europe/7869639.stm)

As signs of the economic slowdown begin to be felt across Europe, the number of industrial protests over job cuts and low prices is growing. Click on the link above to find more about some of the countries affected.

As for us here in the US:

Obama urges stimulus bill action (http://news.bbc.co.uk/2/hi/americas/7873066.stm)

US President Barack Obama has warned Congress that "the time for talk is over" on an economic stimulus bill.

To be frank I didn't support the "Buy American" Clause so I'm happy with this:

US Senate eases 'trade war' bill (http://news.bbc.co.uk/2/hi/business/7871219.stm)

The US Senate has voted to soften a controversial "Buy American" clause in an economic recovery package, after warnings it might spark a trade war.

22sa
February 6th, 2009, 06:58 PM
My dad had stocks like most adults so it affected "us"

It'd be nice if the government could use this economic depression and create some new urban wonders... like new skyscrapers and mass transit would be great.

Mario The World Champion
February 6th, 2009, 07:42 PM
Mass transit is good. A few cities could benefit from that. I wouldn't mind some more high speed train routes. I've never been on a train before.

Netto Azure
February 13th, 2009, 04:45 PM
I agree. Too bad people just can't see the good things about mass transit. D=

Eh A lot has happened on the US Economic Recovery and Reinvestment plan while PC was down...

President Obama made his first Primetime News Address...On Monday.
The Senate approved a compromise plan of $820 B+... on Tuesday.
A joint House-Senate Committie made revisions with the package turning it to $785 B+...On Wednesday...
(Thursday was commemoration of the Lincoln/Darwin B-days)

And Today: US House approves stimulus plan (Now worth $ 787 Billion)

Tinhead Bruce
February 13th, 2009, 04:54 PM
Too soon. If this continues, we might experience another great Depression. Like in the 1920's 1930's

But it didn't affect me this time.


Sorry to point this out, I'm just a stickler (sp?) for history and stuff:
The Great Depression may have been through 1 year of the 1920's (started officially in 1929), but the majority was in the 1930's, so saying "in the 1930's" is a better choice.

Netto Azure
February 19th, 2009, 12:42 PM
Sorry to point this out, I'm just a stickler (sp?) for history and stuff:
The Great Depression may have been through 1 year of the 1920's (started officially in 1929), but the majority was in the 1930's, so saying "in the 1930's" is a better choice.

That is true...and people forget that FDR wasn't President during the Stock Market Crash...

As for today though:

Exporting Obama (http://news.bbc.co.uk/2/hi/americas/7898464.stm)
US president seeks to woo Canadians on first foreign trip
http://newsimg.bbc.co.uk/shared/img/o.gif

Obama makes first foreign visit (http://news.bbc.co.uk/2/hi/americas/7898921.stm?lss)

Barack Obama is in the Canadian capital Ottawa on his first foreign trip as president, for talks with Conservative Prime Minister Stephen Harper.
Trade, the global economy and the war in Afghanistan are the main issues to be discussed during the six-hour visit.
As America's biggest trade partner, Canada is worried about the "Buy American" measures in the $787bn (£546m) stimulus plan.
Canadian troops are due to pull out of the Nato force in Afghanistan in 2011.

Virtual Chatot
February 19th, 2009, 01:03 PM
My family hasn't been hit to badly, most of the working ones are in the computer industry.

daigonite
February 19th, 2009, 01:31 PM
The Global Recession has unfortunately hit our area hard. Many people have moved, and lots others are talking about how their parent's lost their jobs. My father's lucky to have a job - 40% of his sector was laid off a few months ago.

Although Michigan may not seem like an important state, it should be noted that it acts as a "forecast" state for the United State's economy. I hope things get better soon...

The downward spiraling economy has caused much inflation, and now it's almost impossible to buy anything with my $15 dollar allowance that's worth it anymore.

Penguin13
February 19th, 2009, 01:50 PM
Jesus! Look how many people said "no!"

Seriously guys, if the global recession hasn't affected you, you've been living under a rock.

This economic crisis can be prevented. Things like this happen because governments are afraid to spend. When governments spend money to build roads or buildngs, they are producing job vacancies. With more job vacancies, there will be more taxpayers, and more money for the governments. So spending is the key, but governments should be aware of what they are spending money on.

The thing is, to spend money, we actually need to have money in the first place. We're already almost $11 billion in debt, and it's growing.


From the way I see it, our recession was caused by horrible mis-management of money, as well as borrowing money from China, instead of "redistributing the wealth of our country."
Yeah, I said it. I whole-heartedly support socialism, and even to an extent, communism.

daigonite
February 19th, 2009, 03:02 PM
^On the first statement, I completely agree. Hasn't anyone even at least noticed the inflation or the loss of jobs around them? Sure, maybe not the extent in Michigan but come on, guys!

Ziraider
February 19th, 2009, 03:10 PM
No, lol it has never effected me personal or my family thus far, but i have seen friends lose homes and things its not pretty....

Virtual Chatot
February 19th, 2009, 04:10 PM
Seriously guys, if the global recession hasn't affected you, you've been living under a rock.I don't know, the fact that I just bought a new phone with cash and ordered two large pizzas is telling me that I'm living fine :/

I have no noticeable changes in my lifestyle, and yet I'm living fine. Meals at the dinner table aside, I'm buying my own school food, paying for two years of college on my own ( parents already put in two years ), gas money, and cell phone bills.

I still manage to end the day with about $20 to put in the bank, and with a 16 year old's salary working at an Ice Creme Parlour.

An-chan
February 19th, 2009, 04:23 PM
Even though people are getting fired troughout my country, my dad still has his job, so in a way, we have not been affected.

However, I've had the opportunity to observe the recession in a suprising way.
I'm currently planning a trip to Japan, and I've been doing so since last July. I've also had to keep track of the value of yen to euro because of that. And, yeah, sometime during last fall the value of yen suddenly jumped up and has stayed there. At the same time, it also became more expensive for me to buy DS games from America (that's why I don't do it anymore. Now, I buy them trough UK :laugh: ).

Even if these are puny reasons and effects, I still think it's a very unique chance to see how the effects of a phenomenon like this affects my daily life in a small, unimportant, northern country. The drop in euro's value really does make a difference.

Of course, the recession hasn't changed my daily life that much. I still eat chocolate, I still play with my DS and I still sit here, writing a post to PokéCommunity. Yet, I can clearly see how it has effects in people's daily lifes and small effects to mine, as well.

Whoa, I told the same thing a couple of times there, huh? I kind of babble sometimes...

Netto Azure
February 24th, 2009, 04:58 PM
Upbeat Obama addresses Congress (http://news.bbc.co.uk/2/hi/americas/7908476.stm)

US President Barack Obama is addressing a joint session of Congress for the first time, warning that a "day of reckoning" has arrived for the US.
Stressing the severity of the economic crisis, Mr Obama told lawmakers the US will emerge stronger when it ended.
"We will rebuild, we will recover," Mr Obama said, adding: "Now is the time to act boldly and wisely."
The Whole Speech BEFORE HE FINISHES. O____O (http://www.whitehouse.gov/the_press_office/Remarks-of-President-Barack-Obama-Address-to-Joint-Session-of-Congress/)

Starom
February 25th, 2009, 09:15 AM
Aye, its affected me! I work for Starbucks ^^; XD

Personally, I'd be happy to see the recession get so bad the world's currencies become so worthless and thus get abolished! :D No money... Now that would be a good day.

Red1530
February 25th, 2009, 11:04 AM
Aye, its affected me! I work for Starbucks ^^; XD

Personally, I'd be happy to see the recession get so bad the world's currencies become so worthless and thus get abolished! :D No money... Now that would be a good day.That would result in either the return with money that is either backed by gold or silver at best or at worse, a return to the barter system.

Starom
February 26th, 2009, 09:48 AM
Yes! :D Barter system sounds perfectly fine to me. Or, we could go via the means of things are just distributed evenly across the human population?

Netto Azure
February 26th, 2009, 11:06 AM
Yes! :D Barter system sounds perfectly fine to me. Or, we could go via the means of things are just distributed evenly across the human population?

The Barter System is a very inefficient way of Commerce. I mean hauling all that rice for services and goods? Madness!

Obama unveils his $3.6tn budget (http://news.bbc.co.uk/2/hi/business/7910335.stm)

President Barack Obama has unveiled a $3.6tn (£2.5tn) budget for 2010, aiming to pull the US out of financial crisis.
He has predicted the budget deficit for the current year will be $1.75tn, which is 12.3% of annual output and the biggest since World War II.
Planned spending includes $634bn to pay for healthcare reform and an extra $250bn to be set aside, in case it is needed to bail out US banks.
That's a lot of money being thrown around. But then again I would prefer to plan Long term and start catching up with the rest of the industrial world in Public Commitments. =P

Starom
February 27th, 2009, 11:40 AM
Hahaha, fair point ;) But that's why Communism is the ultimate solution to this whole issue. Particularly anarch-communism. It solves the issues of government corruption, allows any remaining wealth to be used to benefit the whole population and it could easily solve many problems in the Middle-East/Africa :)

Netto Azure
February 27th, 2009, 12:37 PM
Hahaha, fair point ;) But that's why Communism is the ultimate solution to this whole issue. Particularly anarch-communism. It solves the issues of government corruption, allows any remaining wealth to be used to benefit the whole population and it could easily solve many problems in the Middle-East/Africa :)

Lol if Agent Cobalt was here to see that. >.< He'll tear you to shreds whith his uber conservatism. XD

.Ozymandias
February 27th, 2009, 12:52 PM
It has quite substantially for me. My husband was made redundant in December last year, and even though he is very skilled and has a lot of experience in his field, he is still unemployed. I am fortunate to have a student loan, and so myself and my dog are paid for via the student loan, but out heating bills, phone, electric etc and our rent come from my husband's account, so there's not a lot I can do. So, yes, it has affected me.

Neutrino
February 27th, 2009, 01:52 PM
It's effected me, because my dad says he can only afford one big rpesent for em and my sister this year, or more accurately, a laptop, so I'll only be getting a laptop fo rmy birthday this year. So yes, i has effected me. <sniffle>

Starom
February 28th, 2009, 03:23 AM
Lol if Agent Cobalt was here to see that. >.< He'll tear you to shreds whith his uber conservatism. XD

Hahaha, I know XD Is he not on the forums any more? :O

To be fair, though, I would be slightly saddened if I lost this job... I've met so many nice people, I've gotten so much experience, plus, it's just given me something else to do at the weekends... And it really makes me feel for the people in full-time work, that are losing their jobs...

Stalin Malone
March 2nd, 2009, 09:44 PM
someone should do a picture of all the people that'll end up unemployed and homeless after Obama's bailouts trigger a bond market revolt and pattern the collage to look like obama's face

BHwolfgang
March 4th, 2009, 12:07 AM
I can see so many other unemployments in the next months once this bailout goes into play, as all the government's money is from the people (us).

Well, that's what my Civics teacher has been telling us.

Also, yes, it has been effecting me. My mother and father could face unemployment anyday now, but thankfully, we're able to survive another day.

Secondly, my favorite Starbucks has just closed down. It was sad, as one of my friends got laid off.

Blitzballer
March 4th, 2009, 10:06 AM
It isn't that bad here. We're just starting to get hit here [West Virginia] with a few factories shutting down. We haven't felt anything until then. Although, this is probably because:
-My mom owns her own business
-My dad works for the state gov't (meaning, stable job)
-We haven't had to refinance our house and we own all our cars

The only thing that's happened so far is that my mom used her retirement to pay off her shop and, my dad's 401K is basically gone, along with a lot of our investments. But the 401K/stock stuff is hitting everyone; it's bound to bounce back when the economy gets better.

Starom
March 4th, 2009, 12:24 PM
it's bound to bounce back when the economy gets better.

More like *if* it bounces back... There're dangerous signs that it may just totally collcapse! :O

Netto Azure
March 9th, 2009, 11:40 AM
Should be obvious but...

World economy to 'shrink' in 2009 (http://news.bbc.co.uk/go/rss/-/2/hi/business/7931899.stm)
The global economy will shrink this year for the first time since World War II, the World Bank has said.
The bank's forecast is gloomier than other estimates, which still foresee some growth.
By the middle of 2009, industrial output could be as much as 15% lower than 2008, while trade may record the biggest decline in 80 years, it said.

Hay...on non-eco related news...
Obama ends stem cell funding ban (http://news.bbc.co.uk/go/rss/-/2/hi/americas/7929690.stm)

Angela
March 10th, 2009, 08:16 AM
Well the crisis is still going on in Iceland, but the election heat has pretty much stolen the spot light for now.

Starom
March 10th, 2009, 10:39 AM
^ I really hope a government forms around the Left-Greens or a similar party! They look to be a really excellent political force... I think they'd be good at handling the crisis for Iceland and maybe it might trigger some change in the rest of Europe...

IDIE
March 10th, 2009, 11:19 AM
Although it isn't effecting me, I hate the governer, and what there doing.

Why should they pay actors millions and millions of dollars when there are homeless people?

Netto Azure
March 10th, 2009, 11:39 AM
Although it isn't effecting me, I hate the governer, and what there doing.

Why should they pay actors millions and millions of dollars when there are homeless people?

Technically (If you live in California) Gov. Arnold Schwarzenegger has forgone his State salary of $175,000. =/

He has more than enough money though I agree...

Virtual Chatot
March 10th, 2009, 11:43 AM
To be honest, I find the whole Hollywood thing just stupid :/
Why should I care about what happens to Paris Hilton? She's not even a good actor, and yet people drool over her because of her "attractiveness"