2008-10-07, 09:29 | Link #323 |
I disagree with you all.
Join Date: Dec 2005
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Of course the same can happen to the crickets. But they had fun before losing everything. The ants didn't, that's why it looks like they missed out.
(I mean, if you're going to be broke and homeless anyway, shouldn't you have fun before and let somebody else foot the bill of your excesses?) |
2008-10-07, 11:09 | Link #329 | ||
Senior Member
Join Date: Dec 2005
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From CNN: http://money.cnn.com/2008/10/07/news...ex.htm?cnn=yes
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As for the general populace, I think that it's fair to say that American confidence hasn't been doing all that well since the housing bubble burst last year. One of the tell-tale signs is that the spike in energy costs have really dampened down both car sales and the number of drivers on the road. This in turn probably contributed to the budget shortfall in California (and maybe Massachusetts as well). It's quite possible that this hasn't affected other sectors as much, but the overall sentiment has been quite negative. This is all borne out in the actual profits reports, so there isn't much question on that score.
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2008-10-07, 11:55 | Link #330 |
Casual prosumer of anime
Join Date: Dec 2003
Location: Germany, most of the time.
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Well, it looks like we might have our first sovereign casualty as the result of the credit crisis.
Reuters and others is reporting that the IMF has sent a fact-finding mission to Iceland. According to an anonymous official, Japan suggested that the IMF step in, while the UK and US have been on Iceland's case to accept IMF funding. Iceland, of course, wants none of the stigma associated with the IMF option and is turning to other Scandinavian central banks for funding. Source: http://www.reuters.com/article/marke...37621420081007 Seems like the government is desperate to shore up its foreign exchange reserves. It reportedly even turned to Russia for a €4 billion line of credit. |
2008-10-07, 12:37 | Link #332 |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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if you are talking about the US or Europe. Murder-Suicide will go up both at home and in the work place, but not form hunger. The country is too rich for people to die of hunger unless it is by accident.
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2008-10-07, 13:55 | Link #335 |
Gregory House
IT Support
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So the Icelandic Icesave bank has frozen its UK customers' accounts.
I hate to repeat it, but this exact same thing happened to us a couple of years ago (2001), and we were supposed to be an example of what not to do. One just has to wonder why things like this keep happening.
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2008-10-07, 14:13 | Link #336 |
It's bacon!
Join Date: Nov 2003
Location: Up and to the Left
Age: 43
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http://www.usatoday.com/money/econom...ate-cuts_N.htm
"Fed chief suggests more rate cuts may be needed to boost economy." |
2008-10-07, 14:17 | Link #337 | |
Casual prosumer of anime
Join Date: Dec 2003
Location: Germany, most of the time.
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2008-10-07, 15:09 | Link #339 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Big Insurer’s Spending Habits Disclosed
Abuse of privilege on a tremendous scale:
http://www.nytimes.com/2008/10/08/bu.../08insure.html The thing that strikes most is their absolute insistence that "they wouldn't have done a thing differently" ... well no, they were having too much fun and looting the shareholders. You know... real captains at least apologize and go down with the ship. These are weasels in the metaphorical sense (apologies to real weasels). The last quote by the former shows us how diseased the executive management has become after he retired. Quote:
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2008-10-07, 15:22 | Link #340 | |
Honyaku no Hime
Fansubber
Join Date: May 2008
Location: In the eastern capital of the islands of the rising suns...
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Bush urges joint crisis response
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I see headlines and see the media spread panic, but it makes no difference to my everyday life, the costs of bread, milk, eggs, meat, rice and so on already rose to extortionate levels earlier in the year; that's when i felt something was seriously wrong, otherwise as much as I'm curious bout the politicians getting their pants in a twist, I'm tempted to let it slide. (What I have noticed tho in the last two weeks is the bastard yen has grown the strongest against the pound for the first time in 4 years that i've kept tabs on it, was curious if that was related to what was going on...) :\
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economy |
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