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Posts Tagged ‘Credit Crisis’

Scenes From the Recession

March 19, 2009 Leave a comment

These photos are from The Boston Globe. Click HERE to see all of them.

Thousands of job-seekers flock to a job fair in Hefei, Anhui province, China on March 1, 2009. At least 20 million of China's 130 million migrant workers have become jobless after tens of thousands of labor-intensive export-oriented factories closed due to the global financial crisis, and job training schemes for migrant workers are springing up around China, Xinhua News Agency reported. (REUTERS/Jianan Yu) #

Thousands of job-seekers flock to a job fair in Hefei, Anhui province, China on March 1, 2009. At least 20 million of China's 130 million migrant workers have become jobless after tens of thousands of labor-intensive export-oriented factories closed due to the global financial crisis, and job training schemes for migrant workers are springing up around China, Xinhua News Agency reported. (REUTERS/Jianan Yu) #

A stopped construction site is seen behind an older two-family house occupied by only one family in Almaty, Kazakhstan on March 4, 2009. (REUTERS/Shamil Zhumatov) #

A stopped construction site is seen behind an older two-family house occupied by only one family in Almaty, Kazakhstan on March 4, 2009. (REUTERS/Shamil Zhumatov) #

As new home sales and housing starts hit record lows, empty lots, partially constructed homes and abandoned ones are seen in a subdivision on January 30, 2009 near Homestead, Florida. Prices in November of 2008 declined 8.7 percent from a year earlier, the biggest drop in records going back to 1991, the Federal Housing Finance Agency reported. (Joe Raedle/Getty Images) #

As new home sales and housing starts hit record lows, empty lots, partially constructed homes and abandoned ones are seen in a subdivision on January 30, 2009 near Homestead, Florida. Prices in November of 2008 declined 8.7 percent from a year earlier, the biggest drop in records going back to 1991, the Federal Housing Finance Agency reported. (Joe Raedle/Getty Images) #

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Energy and the Economy

March 11, 2009 Leave a comment

The final part in this 3 part video lecture series ties in Energy and the Economy together, and how they inter-relate. Again, highly recommended viewing, and this one is only 7 minutes long, so will be far less taxing on your time. I wont post anymore from this website, but if you are interested in the whole thing, I recommend going the website and seeing all 20 chapters that this guy has produced. Here is a link to his site starting at chapter 1.

Peak Oil… What is it?

March 9, 2009 Leave a comment

There is a guy called Chris Martenson who has put out a series of mini videos/lectures on the fundamentals of the modern debt based economic system that we are currently in the process of having collapse on top of us at the moment. There are a number of subtopics starting at chapter 1.. but I am going to introduce him at chapter 17, where he begins to talk about Peak Oil. This is going to be in three parts, so I’ll post each video a day apart, as the first one is 17 minutes long. The second two are shorter. If you want to start from the beginning Click Here to go his website at chapter 1.

I HIGHLY recommend watching this. Its not your average 1 min vid on you tube, so find some time and WATCH IT, maybe a lunch break, maybe when the boss isn’t looking. 🙂

HT: Nigel C

Categories: Blog, Interest Tags: , ,

The Credit Crisis Explained….Visually.

February 24, 2009 Leave a comment

Ever wondered what exactly is going on in the world?? This is an easy to understand description of the current credit crisis. I’m sure it doesn’t explain everything, but it does get the main points across in a simple to understand way.

Today’s Herald has an interesting article in it about why the NZ and Australia banking system has been less vulnerable to the credit crunch than those overseas. Definitly worth a read.

Holding steady in turbulent times

HT: Nigel Cottle

Categories: Interest Tags: , ,