The Outsider Posted January 29, 2009 Posted January 29, 2009 I've never seen such drastic steps being contemplated - looks like things are worse than the average person knows for governments to start thinking on these lines. http://www.cbc.ca/world/story/2009/01/28/world-uspostoffice.html USPS is looking at a $6 billion loss Also, it's not very clear from the following article, but this paragraph suggests that the taxpayers are going to foot the bill for a reduced work week in UK. Sounds prepostorous. It looks like all governments and think tanks are clueless to deal with the economic crisis and are running around like headless chicken throwing darts blindfolded hoping something will hit bullseye : The prospect of the three-day week returned to haunt Britain yesterday as it emerged that ministers are considering paying firms to cut hours in order to survive the recession http://www.independent.co.uk/news/uk/politics/britain-is-facing-return-of-threeday-week-1515307.html Meanwhile, the bear rally of the stock market over the past few weeks seems to have halted and predictions of a 6000-7000 Dow Jones don't seem very farfetched now.
Rajiv Posted January 29, 2009 Posted January 29, 2009 there was saturday mail in US? didnt even realize, we have 5 here anyways
Sachinism Posted January 29, 2009 Posted January 29, 2009 This is ridiculous What if you need to send something across instantly I guess people will need to rely on services like Fed-Ex and DHL and whatever else
Guest dada_rocks Posted January 29, 2009 Posted January 29, 2009 Good move people these days used phone email fax more oftne so this step sud have bene taken long back
vadodaravictor Posted January 29, 2009 Posted January 29, 2009 Good..less mail..less spamvertisements
coffee_rules Posted January 29, 2009 Posted January 29, 2009 Great news. One less day to check mail... Now, If they can cut the amount of junk mail...
Dhondy Posted January 30, 2009 Posted January 30, 2009 I've never seen such drastic steps being contemplated - looks like things are worse than the average person knows for governments to start thinking on these lines. This is just the start- the warm-up act. The symptoms betray the disease- Obama's exhortation to buy American, Geithner's broadside at China, riots in Greece, strikes by state sector in France and protests and wildcat strikes in Britain at an oil rig contract going to an Italian firm....this is just the start, folks. Sit and watch as the "globalised economy" splinters into tiny pieces and trade wars wreak havoc.
Rajiv Posted January 30, 2009 Posted January 30, 2009 Dhondy, the way you put it - it does sound the end of all
fineleg Posted January 30, 2009 Posted January 30, 2009 This is just the start- the warm-up act. The symptoms betray the disease- Obama's exhortation to buy American, Geithner's broadside at China, riots in Greece, strikes by state sector in France and protests and wildcat strikes in Britain at an oil rig contract going to an Italian firm....this is just the start, folks. Sit and watch as the "globalised economy" splinters into tiny pieces and trade wars wreak havoc. Doc, can you elaborate a bit? What do you think will happen in that timeline of say 5+ years? (yep, get your crystall ball out)
Dhondy Posted January 30, 2009 Posted January 30, 2009 Dhondy' date=' the way you put it - it does sound the end of all[/quote'] Yes, ignorance is bliss. You can talk about religion, politics and terrorism till you are blue in the face. The fact though is that the foundations of our prosperity, globalised economy and trade that we have all , not least the immigrants among us, have benefited from, is falling to pieces, and we'll all be poorer for it. Don't listen to the experts- economics is not science, as I never tire of saying, and most financial commentators specialise in describing the rear end of a horse bolting in the distance while closing the stable door- they have no more idea than you or me of what's going to transpire in the future. But if you read the less heralded bylines tucked away in the middle pages, you'll realise that something has to give, sooner or later. The Baltic Dry Index, that describes shipping activity the world over, has fallen to zero. Trade has ground to a halt, and the cargo ships are all moored at the ports with the lowest tariffs. Rating agencies are downgrading the debt of sovereign nations such as Ireland and Spain, nations that were being described as shining examples of globalisation barely six months ago. Three days ago, 80,000 people on either side of the Atlantic lost their jobs. The students of today, who are dreaming of a rosy future, will have no jobs to go to, no future, just useless paper degrees.
fineleg Posted January 30, 2009 Posted January 30, 2009 Yes, ignorance is bliss. You can talk about religion, politics and terrorism till you are blue in the face. The fact though is that the foundations of our prosperity, globalised economy and trade that we have all , not least the immigrants among us, have benefited from, is falling to pieces, and we'll all be poorer for it. Don't listen to the experts- economics is not science, as I never tire of saying, and most financial commentators specialise in describing the rear end of a horse bolting in the distance while closing the stable door- they have no more idea than you or me of what's going to transpire in the future. But if you read the less heralded bylines tucked away in the middle pages, you'll realise that something has to give, sooner or later. The Baltic Dry Index, that describes shipping activity the world over, has fallen to zero. Trade has ground to a halt, and the cargo ships are all moored at the ports with the lowest tariffs. Rating agencies are downgrading the debt of sovereign nations such as Ireland and Spain, nations that were being described as shining examples of globalisation barely six months ago. Three days ago, 80,000 people on either side of the Atlantic lost their jobs. The students of today, who are dreaming of a rosy future, will have no jobs to go to, no future, just useless paper degrees. There was one ancient Kamal Haasan movie where the above was depicted. What used to be the scenario in ancient past is coming a full circle? I hope not, but better to be aware and prepared.
Sachinism Posted January 31, 2009 Posted January 31, 2009 Good..less mail..less spamvertisements NO, you'll just get more on the days you receive mail
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