Saturday, 9 May 2009

Just How Bad is the Global Economic Crisis ?


Let’s forget about Malaysia’s ping pong politics for now & take a look at how severe the global economic crisis is.
Many economists say it’s the worst worldwide economic downturn since the Great Depression of the 1930s.
According to Forbes list of the world’s richest people 2009, Bill Gates lost USD 18 billion, but reclaimed the no. 1 spot.
On the same list, Warren Buffet was no.2 but lost USD 25 billion due to a huge drop of his shares.
Anil Ambani was hit the hardest as he lost 76% of his net worth. Anil lost USD 32 billion also due to a heavy fall on his shares (Forbes World’s Richest People 2009).
USA jobless rate hits 8.1% in February 2009. 1 987,000 jobs lost from December 2008-February 2009. Currently 12.5 million people are unemployed in the USA.
UK unemployment rate at 6.3% as of February 2009…1.97 million jobless.
Singapore expects unemployment rate to rise to 4.2% in January 2009. So far, 34,000 have lost their jobs.
Malaysian Human Resources Ministry expects 100,000 to be jobless by the end of 2009.
20 million migrant workers in China jobless as of February 2009.
India’s economic growth is decelerating.
Japan’s economy shrank by 3.2% in Q4 2008.
Australia’s unemployment rate hits 5.2% (expected to increase), full-time jobs down 53,800 & part-time jobs up 55,600.
South Korea’s economy shrank by 3.4% in Q4 2008 .
U.S. economy shrank by 6.2% in Q4 2008.
Russian Prime Minister Vladimir Putin said Ukraine was on the verge of bankruptcy (March 2009).
Saudi Arabia’s economy is in recession after seven years of rapid growth (March 2009).
Even Dubai, a filthy rich city of the United Arab Emirates, is now facing the biggest economic downturn in the country's history (March 2009).
Iceland’s government collapses over protests by its people regarding the economic crisis.

International Labor Organization, a United Nations agency, predicts job losses worldwide could hit 50 million by the end of 2009.
Pioneer cuts 10,000 jobs worldwide.
Siemens cuts 16,750 jobs worldwide.
BMW cuts 8100 jobs worldwide.
Volvo cuts 4000 jobs worldwide.
Nissan cuts 20,000 jobs worldwide.
Panasonic cuts 15,000 jobs.
Samsung cuts 1600 jobs.
Nokia cuts 2300 jobs worldwide.
Almost all banks worldwide are cutting thousands of jobs.
Sony Ericsson cuts 2000 jobs worldwide from its 11,900 workforce.
Sony cuts 4% of its global workforce, 8000 jobs.
All these job cuts are just what many companies have cut so far. It is highly expected for more to be cut in the near future.
The list can go another mile long, but this is just the tip of the iceberg. Worst of all, many economists say this is just the beginning and things will only get worse in the 2nd quarter of 2009.
All nations are trying to create new jobs for their people, but it’s difficult when 100 people lose jobs for every 10 new jobs a nation creates. It’s not an actual figure, but that’s the idea. Governments are finding it difficult to cope with soaring unemployment rates.
With people losing jobs, it’s getting harder for many to pay their bills, support their family, and put food on the table. Many are even losing their homes. Suicide rates are rising everywhere due to many unable to handle the effects of the crisis. Crime rates are also shooting up because it’s only natural for more people to resort to crime to survive after losing their jobs.
These are just a few effects of the global economic crisis which started from a recession, and now probably heading for a depression. To get an idea of what is a recession,

Religion + Politics = Havoc


Religion and politics can’t mix. It’s a bad combination, a recipe for disaster. Why you may ask ? Well, all this is purely just my opinion. So if you disagree, just ignore me.
When I say religion, I mean all religions...Islam, Christianity, Buddhism, Hinduism, Taoism, Sikhism, Judaism, Jainism, Confucianism, Bahai, & all the other religions.
When I say politics, I don’t mean only Malaysian politics, I mean politics of all countries worldwide.
Firstly, I say religion is personal, politics is not. Your faith & beliefs is a matter that lies solely between you and God…nobody else. Politics is everybody’s business in one way or the other.
Religions preach of what’s right & wrong, whereas some politicians don’t practice what they preach at all.
Religions can create extremists & fanatics. Politics can too. However, both have different purposes & ideologies. Put two & two together,.…boom!!
All/some religions have a holy book. The teachings of a religion & Holy Scriptures are stored in them. Whereas some politicians have violated the law book & even dare to talk about religion.
Each or some religions have its own perception of the truth…& truth is subject to interpretation. Some politicians don’t seem to care about the truth & even twist the truth to their own liking.
People can argue non-stop over religion. Politicians can use this to incite racial hatred among the people just to stay in power.
Religions range from hundreds to thousands of years old. Politicians can’t run a country in the 21st century based on beliefs/practices/ideologies that are thousands of years old.
Religions basically tell you this is this & that is that. Some politicians tell you this is that & that is this.
Religions are complex, each with its own practices & principles. Earth has roughly 6 billion people. There are at least 10 religions, each having millions of followers. With nearly 200 countries in the world with their own political situation, & if religion is mixed in, isn’t an argument inevitable ?
Religions have places of worship where people go to pray & seek solace. Some politicians can destroy these places of worship & cause a big fight among people.
So that's basically my point. Religion & politics can't mix. You may have noticed that I haven't provided any examples for any of my points. This is because I don't want to. I won't give you the chance to think I'm racist or favouring a particular religion. So if you want examples or more justification, think for yourself or look it up.

British English vs. Malaysian English

This is a humourous post I saw online...Enjoy ;)


WHEN GIVING A CUSTOMER BAD NEWS

Britons: I'm sorry, Sir, but we don't seem to have the sweater you want in your size, but if you give me a moment, I can call the other outlets for you.

Malaysians: No Stock.

RETURNING A CALL

Britons: Hello, this is John Smith. Did anyone page for me a few moments ago?

Malaysians: Hello, who page?

ASKING SOMEONE TO MAKE WAY

Britons: Excuse me, I'd like to get by. Would you please make way?

Malaysians: S-kew me

WHEN SOMEONE OFFERS TO PAY

Britons: Hey, put your wallet away, this drink is on me.

Malaysians:No-need, lah.

WHEN ASKING FOR PERMISSION

Britons: Excuse me, but do you think it would be possible for me to enter through this door?

Malaysians: (pointing the door) can ar?

WHEN ENTERTAINING

Britons: Please make yourself right at home.

Malaysians: Don't be shy, lah!

WHEN DOUBTING SOMEONE

Britons: I don't recall you giving me the money.

Malaysians: Where got?

WHEN DECLINING AN OFFER

Britons: I'd prefer not to do that, if you don't mind.

Malaysians: Don't want la...

IN DISAGREEING ON A TOPIC OF DISCUSSION

Britons: Err. Tom, I have to stop you there. I understand where you're coming from, but I really have to disagree with what you said about the issue.

Malaysians: You mad, ah?

WHEN ASKING SOMEONE TO LOWER THEIR VOICE

Britons: Excuse me, but could you please ! lower your voice, I'm trying to concentrate over here. Malaysians: Shut up lah!

WHEN ASKING SOMEONE IF HE/SHE KNOWS YOU

Britons: Excuse me, but I noticed you staring at me for some time.. Do I know you?

Malaysians: See what, see what?

WHEN ASSESSING A TIGHT SITUATION

Britons: We seem to be in a bit of a predicament at the moment.

Malaysians: Die-lah!!

WHEN TRYING TO FIND OUT WHAT HAD HAPPENED

Britons: Will someone tell me what has just happened?

Malaysians: Wat happen? ... Why like that?

WHEN SOMEONE DID SOMETHING WRONG

Britons: This isn't the way to do it. Here, let me show you.

Malaysians: like that also don't know how to do!!!!

WHEN ONE IS ANGRY

Britons: Would you mind not disturbing me.

Malaysians:Celaka u.

Chelsea vs Barcelona - Prediction = Final Result

Hi readers,

Its still hot, the lost of Chelsea to Barcelona in Champion League Semi Final League 2. A recent news, the match prediction was similar to the final result. More shocking was all the game stat was same and it was posted hours before kick off on UEFA website.



“A dummy match report on UEFA’s website even stated the Spanish giants would get a late equaliser.”

This is amazing and sure there is something wrong some where. The match prediction was posted in test site.