Oh! God Forbid - reality bites!
In GT Dec.5, 2008 issue, one column in Business & Finance reads the ff headlines:
1. US Giant Telecom AT & T cuts 12,000 jobs
2.Credit Suisse to axe 5,300 staff
3.Canon to shed 1,100 contract workers
4.Jefferies cutting jobs, shuts offices
5.Viacom to drop 850 posts
latest
6. Sony to cut 3,000 jobs
and seems more to come! What a sad news are these:(
Oh please...
....I was just driving round Doha an thinking..."Hmmm, cranes everywhere and oil at $39....that don't fly!" I remember looking at all those squatted-in concrete shells in Bangkok after the last bubble burst....
I really think this region is in a bubble of its own..
As for the US...once the next earnings report hit in the next 6 weeks and people REALLY get with the severity of this recession then maybe people will truly get that it won't be like it was before.
I've been following CitiBank (boy did we get burned on their stock!) and they are talking about using prop-up money from USGOV to buy Wachovia....WTF?@#$%^%$ Are these guys learning anything?
BeccXX
azi worry need not about the headless horseman, drac is here... and HARRY.
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veni, vidi, vici.
hehehehehe!!!!
Every day a new and a sharp one...:)
not all wives are like that. Most of them are....you know...hehehe!
Just smile Drac the life is good....life without wife is like a kitchen without knife :p
you know it's coming...and it's really scary...
it's everywhere now. These kind of news are far more scary than the Halloween.
LOL Drac what's the suspens you did here lol...I was just agreed what MD what he wrote above about bubble and when he said "Buy now, suffer later"...
they're cutting 20,000 jobs, I think.
Imagine our countrymen back home...with their meager salary and the taxes they have to pay..ugh
normally i think you are subjective...:)
is it hitting qatar anytime "soon"? or has it?
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veni, vidi, vici.
Wrong, drac! I said "yes?"
yes? panda?
MD :)
they cut the % of oil supplies or outputs. Have you heard any aside from Qasco lately?
16 000 jobs, not only 3, 000... it will save them $1.1bn a year.
"if you don't like the heat... get out of the kitchen... but stop trying to fan the flames before you leave... it will burn you on the a** as you go through the doorway...." ME
visit www.qaws.org
Unfortunately the whole "bubble" was based on that "credit" thinking. Buy now, suffer later.
Truely a sad thing,
But that is what comes out of the intrest system,
We have a saying " you can only cover your self according to the length of your blankit"
So if you dont have the money dont buy, dont credit..
the rest follows...as a domino reaction
Math 4 All
Agreed MD...
To cut 4500 jobs
Sony cut 11000
French are keeping their mouth closed about job cuts but someone is posting on Google earth a map of job cuts in France
===================================== http://www.qatarliving.com/node/58409
not to mention a thousand of affected families too!
yeah, that's one way of looking at it...
Not really sad, just some blown up bubbles bursting.