Countries Least Affected by Recession

Posted by Queuebot in Money & Finance on May 28, 2009 at 12:40 am

Digital Inspiration features a map illustrating the countires least affected by the global recession, as ranked according to a survey conducted by Servcorp for the Herald Sun.

Australia takes the top spot followed by China with India and Singapore in equal third place. Qatar is the only gulf nation that figures in this “relatively” recession-proof list.

The data is based on the results of a business confidence survey that was done on international business people of 24 nations to identify which countries they believe are surviving the crisis the best.

Link – via google

From the Upcoming ueue, submitted by mrsmojorisin.

 
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What Can You Buy With A Trillion Dollars?

Posted by Queuebot in Funny on May 19, 2009 at 10:03 pm

Most people have a hard time envisioning a number as big as a billion, much less a trillion. How much money is a trillion dollars? Some examples may help to put that amount in perspective.

The G-20 summit committed to $1.2 trillion in new funds, with the aim of boosting the world economy, cleaning up banks, and increasing trade, among many other things. The stimulus plan is worth more than $800 billion and the second half of the bank bailout package is at $350 billion, which make up the $1.2 trillion, but the very idea of a trillion dollars exceeds what most of our minds, let alone a standard calculator, have the capacity to understand. What does a trillion dollars look like and what else could a trillion dollars buy?

Link

From the Upcoming ueue, submitted by smellslikepurple.

 
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Sponsor An Executive

Posted by Queuebot in Video Clips on January 25, 2009 at 4:35 pm


[YouTube - Link]


If you have any spare funds left over from donating to Sarah MacLaughlin’s pet fund, here’s another worthwhile charity desperate for help.

 

 
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Dude, Where's My $700 Billion?

Posted by Alex in Money & Finance on December 17, 2008 at 3:20 am

Treasury Secretary Hank Paulson has given out almost all of the first $350 billion of the $700 billion bailout fund, and the economy continued to slide down – so where did all those money go? Mike Madden of Salon.com finds out:

The infusion of money may have kept credit from tightening up further, but it certainly didn’t jump-start the economy — banks didn’t resume lending to businesses and consumers. Stock prices never really recovered from their early autumn plunges, and more than half a million jobs vanished just last month. With the benefit of hindsight, lawmakers now express regret about the way the bailout was handled — with few provisions for oversight of the banks or the Bush administration — and the public hates it more than ever. The feeling that money and political capital were squandered even helped endanger the far cheaper and more popular bailout of the auto industry. So what went wrong — and where did all that money go?

A lot of it is, apparently, just sitting in the bank. A Government Accounting Office audit released earlier this month showed the Treasury Department doling out buckets of cash: $15 billion for Bank of America, $45 billion for Citigroup, $3.5 billion to Capital One, nearly $6.6 billion to U.S. Bancorp. The feds were essentially taking out the trash — buying shares in various banks that had gotten themselves into trouble by issuing crappy mortgages using complicated formulas, assuming the cost of many of the mortgage-backed securities that were weighing down the balance sheets of every financial institution in the country. The feds were pumping money into these banks so they would feel free to make more loans — better, simpler, sounder loans. The epidemic of exploding mortgages and failing institutions would ease. But the banks did not start making new loans. They seemed to sit on their federal windfalls.

Link

This is the point where I would be remiss if I didn’t point out our own T-Shirt on this subject: The $700 Billion T-Shirt

 
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Corporate Logos in Bad Economic Times Parody

Posted by Alex in Money & Finance on December 10, 2008 at 2:47 pm

Ryan of Business Pundit blog compiled some parody corporate logos that reflect the world’s current economic crisis (The Ford/Fail logo is originally from Ironic Sans) – Link – Thanks Mu!

Previously on Neatorama:

 
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Almost Homeless and Looking for a Job ...

Posted by Alex in Advertising on December 6, 2008 at 2:15 pm

Paul Nawrocki worked in the toy industry for 36 years as an executive before he was laid off. The economic is bad and after more traditional approaches of looking for work failed, Paul decided to do something drastic:

Paul Nawrocki says he’s beyond the point where he cares about humiliation.

That’s why he weekly takes a 90-minute train ride to New York, where he walks the streets wearing a sandwich board that advertises his plight: The former toy-industry executive needs a job.

"Almost homeless," reads the sign. "Looking for employment. Very experienced operations and administration manager."

Wearing a suit and tie under the sign, Nawrocki — who was in the toy industry 36 years before being laid off in February — stands on Manhattan corners for hours, hoping to pass resumes to interested passers-by.

"When you’re out of work and you face having nothing — I mean, having no income — pride doesn’t mean anything," Nawrocki said. "You need to find work. I have to take care of my family."

Link

 
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