Archive for September, 2009

Recession to depression

Could the recession lead to depression

All statistics and past and present information indicate that the recession has a long way to go. A whole decade or two. From recession to depression….it can happen….why…….

Borrowing money now to fix the current state of economy (short term goal as everything else in politics will only make further future debts even higher then they should be especially the way the western international banks charge interests, rates never stay low…for long periods unless we become a nation that conforms to the Islamic way of banking where interest are not allowed hence their economies have low interest for life….which I highly doubt the big banks in the our part of the world will ever allow that.
This huge debt burden will be passed down to a future generation who are yet to finish the primarily school. We have to think how is this future generation is going to make all this money up and if the state of the economy at that period will allow or facilitate them to do just that, they will have make very large contribution in tax from their wages, assuming that highly paid private sector jobs will be available to them in this country in huge numbers, which I will explain a later stage. Read more...

Double dip recession in uk

Double dip recession

There is a lot of talk in the media of a "double dip recession" but, What does that mean and what would cause it?

A double dip recession is where the economy tends to recover for a quater of positive growth then slides back into negative growth. The graph for a double dip recession would look like a W shape after recovery.

Watch video: Nouriel Roubini

 Warning of a possible double dip recession in the usa.

Winter recession and energy bills

Winter. Recession and energy bills

The winter is looming in the uk and energy bills have soared during the last year. So, what can we do to cut the costs of those bills?

Energy saving measures

Some simple measures that can help save on energy costs include:

• Switch over old energy provider to new (cheaper) energy provider
• Turn thermostats down
• Do not leave lights on in an unpopulated room
• Use energy saving lamps wherever possible

This winter is going to be particularly hard for some folks so we have compiled a short list of what to buy. Cheaper energy providers and energy saving devices. This short list is applicable to homes and businesses alike.
 
  Read more...

Aftershock From the bbc

Aftershock

Aftershock from the bbc world news

The bbc world news service will soon be showing aftershock. The aftershock season will be aired on the bbc news programmes starting on september 7th and highlight the effects of the global recession.

The BBC's Business Editor Robert Peston will examine what happened and what we've learned since the day the money stopped. In this new documentary, he meets many of the people who witnessed the demise of Lehman's, from bank bosses, to Wall Street Lawyers and Government Regulators and ask them a year on, if anything has changed. How a Bust Bank Changed the World will transmit on BBC World News on 12 September (and BBC World Service’s Business Daily on 15 September).

BBC World News

Marking the start of the week which saw the real crisis in the financial markets, BBC World News begins its extensive news coverage with reports across the globe including Shanghai, Mumbai, New York and Japan. Special reports on how the credit crunch has affected the housing market and small businesses will also be aired from the U.S. in conjunction with Labor Day.

BBC World News' World Business Report

From 06.30 GMT on 10 September, will bring viewers live news from Dalian in China on the World Economic Forum Annual Meeting of New Champions.

India Business Report

 On the weekend of 12 and 13 September, BBC World News' special programme devoted to business news from Mumbai, provides in-depth analysis on the big Indian conglomerates that took advantage of the credit crunch by buying Western companies.
 

 

BBC World News will broadcast a series of live reports

 In an ambitious and truly global production, from the channel's expert presenters across the world on 15 September from 15.00 GMT. Mishal Husain (Singapore), Nik Gowing (Mumbai), Matt Frei (New York) and Jonathan Charles, Lucy Hockings, George Alagiah and Tanya Beckett in (London) will report on: Where is the banking system now and where is it going? What happened to the big Wall Street players? How much did the banks eventually write off and who were the winners and losers? The shifting of power to China and Asia? Could this happen again? And how much did banks eventually write off?

Watch aftershock trailer

Working Lives: Dubai

A co-production with BBC Persian TV, on 12 September. The programme follows the experiences of five people including a taxi driver and a billionaire, who have to deal with life's current economic realities in a land of economic promise

Our World

Hollywood or Bust airs on 16 September and provides an analysis on how Hollywood's movie industry can survive the recession. The programme also broadcasts a candid interview with Sumner Redstone, the head of one of the world's largest media conglomerates, VIACOM.

BBC World News America

Marks the one-year anniversary of the Lehman Brothers collapse and ensuing global economic meltdown with two special programs anchored live from New York by Matt Frei: Monday 14 September (from the BBC’s New York bureau) and Tuesday 15 September (from Wall Street). In addition, special features leading up to the G20 Summit in Pittsburgh include an in-depth report from Washington Correspondent Katty Kay addressing a crucial question: is the U.S. government's massive economic stimulus program actually working? The recovery in China also comes under the spotlight in a report that asks if the Chinese might be replacing America as the world's dominant economic player. And BBC World News America meets three people who personify the links in the financial chain that led to last year’s economic collapse – the American homebuyer, the Wall Street financier who repackaged their subprime mortgage, and the Chinese investor who bought it.

From the bbc