Warning signs everywhere... not a happy news day :-(
Before we begin the links - jump over here for a second... Makes some of the comments I get mean so much more!
The You Tube Song:
http://uk.youtube.com/watch?v=f-gz0Wc6xYk
Now onto the hard stuff...
******** Update ***********
Unions representing 168 Million workers warned the global 'elite' about the financial upheaval taking place. "We are on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself."
That's why they're staying away in Droves!
Unions condemn delegates on crisis:
http://business.timesonline.co.uk/tol/business/economics/article5614520.ece
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Alistair Darling pulls out of World Economic Forum in Davos:
http://www.telegraph.co.uk/finance/4387110/Alistair-Darling-pulls-out-of-World-Economic-Forum-in-Davos.html
Alistair Darling pulls out of Davos:
http://business.timesonline.co.uk/tol/business/economics/wef/article5613148.ece
Bank of England launches £50bn credit scheme:
http://business.timesonline.co.uk/tol/business/economics/article5612711.ece
The public letters today:
http://image.guardian.co.uk/sys-files/Business/pdf/2009/01/29/dear_mervyn.pdf
http://image.guardian.co.uk/sys-files/Business/pdf/2009/01/29/dear_chancellor.pdf
Note that the second letter makes mention of a 'special company' to do these transactions.
Whilst searching for the reason, I stumbled onto this. Note the later sentences
BRITAIN 'FACING A DEEPER RECESSION THAN ANY NATION':
http://www.express.co.uk/posts/view/82302/Britain-facing-a-deeper-recession-than-any-nation-
Iceland 'could join EU by 2011':
http://www.telegraph.co.uk/news/worldnews/europe/eu/4391606/Iceland-could-join-EU-by-2011.html
Or perhaps this is the reason? Are they worried this will escalate next week into general strikes? Are they worried that it'll turn into something much bigger much quicker? Protectionist and Isolationist sentiments are rising quickly.
Wildcat strike over foreign workers at oil refinery:
http://www.timesonline.co.uk/tol/news/uk/article5616686.ece
More workers walk out as jobs protest spreads:
http://www.independent.co.uk/news/uk/home-news/more-workers-walk-out-as-jobs-protest-spreads-1520672.html
Refinery strikes spread across UK:
http://news.bbc.co.uk/1/hi/england/humber/7859968.stm
I guess they are worried it'll turn nasty, as it did in Paris yesterday.
French demonstration: Sarkozy vs the street:
http://www.independent.co.uk/news/world/europe/french-demonstration-sarkozy-vs-the-street-1520412.html
Huge crowds join French strikes:
http://news.bbc.co.uk/1/hi/world/europe/7857435.stm
Here's a few "unrest" videos:
BBC report on Paris 'unrest'
http://uk.youtube.com/watch?v=xVM7Jci_kkE
Mexico Drug Wars:
http://uk.youtube.com/watch?v=H71pvfqUGwQ
Plunging economy leads to rising unrest:
http://uk.youtube.com/watch?v=-jiRMamGM2Q
Riots All Over The World !:
http://uk.youtube.com/watch?v=0XOROslvklk
When there are millions out of work; they'll soon be clamouring for affordable housing. I guess GB has been paying attention to that one -
Thousands of council houses to be built:
http://www.telegraph.co.uk/news/newstopics/politics/4391611/Thousands-of-council-houses-to-be-built.html
Or maybe it's because after the total collapse in shipping via the high seas, the shipping via the air is also collapsing?
'Unprecedented' fall in air cargo:
http://news.bbc.co.uk/1/hi/business/7858230.stm
Economy grounds air cargo:
http://www.thestar.com/Business/article/579498
OR are they looking at the problems in Japan?
Japanese economy hit by "perfect storm":
http://www.telegraph.co.uk/news/worldnews/asia/japan/4394451/Japanese-economy-hit-by-perfect-storm.html
And the jobless rate in the US is climbing too - at this rate, over 2 million newly unemployed this month...
Now here's something interesting I spotted yesterday. Honda is cutting production in Ontario.
Honda's Alliston plant to cut production:
http://www.wheels.ca/newsFeatures/article/499978
What that article missed is this - they ARE laying off staff; contractors...
Honda dismisses contract workers:
http://www.thebarrieexaminer.com/ArticleDisplay.aspx?e=1409552
Do the contractors qualify for unemployment? Or will they be excluded?
Think you'll be OK if the economy fails? Here's a really good article to chuckle at; and then think about a bit further...
Life after the apocalypse:
http://www.guardian.co.uk/lifeandstyle/2009/jan/29/apocalypse-survival-guide-tanya-gold
Don't think I want to be anywhere near a nuclear plant after the decline really starts... I am reminded of the long term effects near Chernobyl.
Peace
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