Yea!!! for the feast or famine of capitalism. Yea!!! for pollution and environmental degradation. Which is why I chose poverty so as to contribute as little as possible to the insanity of destroying our life support system.
I've been enjoying it since 1972. I may come out briefly when I hit 65 in a couple of years.enjoy your retirement.
I said we are out of recession officially, kakato. Recession means falling GDP two quarters in a row. GDP has stopped falling, so technically the recession is over.
I also said that it will be a while before unemployment picture starts to improve; there usually is a lag of a few months.
Well the numbers dont mean anything to me,im not even counted as a stat so not much for accuracy there.
no one in the government knows if im working or not,there still asking me where last years payroll is,so numbers mean squat to me,I see whats happening from a contractors perspective and I know most big outfits in Alberta and BC personally and can tell you that those numbers will change when real life catches up with the peeps crunching them.:roll:
But that is how a typical recovery works, kakato. The first to recover is the stock market. Investors have their eagle eyes on the companies, they are aware of the bottom line, the future prospects, what is coming down the pipe etc. When they see the future prospects brighten, they buy stocks and the stock market goes up.
Next, the economic indicators start to turn. Housing starts, durable goods, GDP etc show signs of improvement. As the bottom line of the companies improves, as the demand for good increases beyond their capacity, they hire more people. So unemployment is the last to recover.
We are in the second phase right now. Stock market recovered months ago, now other indicators are showing signs of improvement. I know the unemployment picture looks bleak at present. However, assuming it is an average recession, assuming it behaves normally (which is not guaranteed of course, there is a first time for everything); unemployment is expected to start improving 6 to 9 months from now.
But you are right, unless the unemployment picture improves, people won't feel that the recession is over.
I dont know how bad Canada has been hit by the recession but England has been hit pretty bad ,especially in the construction industry .Many building sites have come to a standstill with houses half built and many sites havent even got off the ground .
Other industries have been hit pretty hard too ,my wife has just had to go on a 3 day week .
Many people over here blame the current labour government for not intrvening in the banks who have payed out rediculous bonuses to their executives and for lending out money to people who could not afford to pay it back .
Not so long ago it was not uncommon to receive offers for various loans or credit cards through the post ,or people given mortgages which were well beyond their means .
Theres been lots of houses reposessed and lots of people who have lost their jobs .How have we got in such a mess .:-(
they have predicted it will 5 years at least before we are out of it ,some have said it may not have occured if another government had been in power but theres a saying over here it doesnt matter whos in they all piss in the same pot:smile:
Its called greed,thats what got us in this mess.Bloated government used to easy tax dollars suddenly has to find more coin so they rape the working man with more taxes.Then when they are hung out to dry and have no more money left the tax rev peeps will come ask for more.
Funny but I dont see the government cutting back but then again they are handing out the stimulis packages and thats like a retirement package and 5 year job security right there for most civil servants.:roll:
"Yea!!! for the feast or famine of capitalism. Yea!!! for pollution and environmental degradation. Which is why I chose poverty so as to contribute as little as possible to the insanity of destroying our life support system."
Cliffy, if you take a closer and an HONEST look, you will see than the worst pollution and enviromnental degradtion is committed by China and India.
Americans are smart enough to realize that breathing dirty air and drinking dirty water is NOT what normal people would do. Thru history, Western capitalism has ALWAYS come up with solutions for real or perceived damage it might have caused.
Even with the most ridiculous politically correct twisting and spinning of facts, the same can not be said for China and India. They gleefully pollute and degrade, because they know that they are safe from criticism, due to backstabbing Westerners like Al Gore and, perhaps, yourself.
Speaking of Al Gore, isn't he the type that gives capitalism a bad name? Along with Michael Moore?
To be fair to China and India though, they each represent about 1/4 of the world's population.That's alot of mouths to feed, alot of homes to build, alot of cars to build, etc. etc. etc. To be fair, it would be more appropriate to compare pollution levels produced on a per capita basis. I seem to remember that North America is the worst on that front, and Tokio rated very well on a per capita level.
To be fair to China and India though, they each represent about 1/4 of the world's population.That's alot of mouths to feed, alot of homes to build, alot of cars to build, etc. etc. etc. To be fair, it would be more appropriate to compare pollution levels produced on a per capita basis. I seem to remember that North America is the worst on that front, and Tokio rated very well on a per capita level.
To be fair, when comparing apples to oranges, or China & India to
North America, the climate of each region must be taken into
account. Something like surviving through Winter greatly increases
an individuals carbon footprint.
True. But ever been to Harbin in winter? It's just as cold as Ottawa. But you are right, that is something worth considering too.
To be fair, when comparing apples to oranges, or China & India to
North America, the climate of each region must be taken into
account. Something like surviving through Winter greatly increases
an individuals carbon footprint.
Not quite Ron. In India it gets very hot. When we were in India, we visited a city called Jaipur. We were told that in summer temperature there goes up to 44 degrees Centigrade (in the shade), 111 degrees Fahrenheit, for the Centigrade challenged. Yet hardly anybody in Jaipur has air conditioning.
Can you imagine anybody in North America not having air conditioning if temperature reached 44 degrees? There probably will be a law requiring people to have air conditioning. There will be government help to the poor to get air conditioning.
It gets very hot in India. If North America had similar climate, its carbon footprint still would be very high. Only instead of heating being the cause of it, it would be air conditioning.