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Economic Crisis
Hi all,

Regarding all the bad news about economy disaster, company layoff, company closure, unemployment rate increase in many countries, and despite the fact that market shares seem to goes up, I'd like to open this thread and discuss about the economic situation, and what are our personal point of view about all of this. The idea is not only to discuss about video game companies, but also about your personal situation, and maybe some other business area.

As some of you may know, my company (Wipro) is shuting down its activity in France, particularly our R&D center in Sophia Antipolis (please refer to http://wireless.leader.free.fr/index.php?Itemid=76 for further details about our situation), so that's why I have some interest in such thread.

If any of you is experimenting such situation (others are welcome as well :P), I'd like to discuss about your opinion about the economic situation, whether you have in mind to change of area, whether you have in mind to change of business area, whether you have already a back up solution, whether your job is secured, whether your company is in a good shape or not, etc.. etc...

I know it is not a funny thread, but today I think it is a good idea to share point of views about worldwide employment situation.

So please take anti-depressing medics, and share your opinion ;)
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Well 
jpl... 
Don't Think Of It As A Recession 
Think of it as the world going on a diet after 50 years of feasting at an all-you-can-eat buffet. 
On A More Deep Note ... 
First, JPL, I am sorry to hear about that and to any others that are facing challenging times.

On the upside, all change occurs due to stress, pressure and need so we are going to see more "problem solving" in the world in the coming years.

In the USA, it is funny to watch lifelong politicians who are used to unlimited spending and taxation who believe that things are going to return to "normal".

And it is amusing to watch workers that aren't used to "work" and a demand of performance.

Personally, I am enjoying the recession so far because I know people can and will adapt and watching people learn and think and evolve is very satisfactory.

Life isn't about unlimited shopping, lifetime employment, what kind of car you drive or wasting money or politicians that don't know what a budget is. 
On A More Humanitarian Note... 
As usual, the poor and the working class are the first to suffer: see how many people are without healthcare or without a job. :( 
Hmm 
And it is amusing to watch workers that aren't used to "work" and a demand of performance.

Yeh, it's fucking hilarious to watch people suffer because there aren't enough jobs. It splits my fucking sides to see people unable to feed their families or unable afford shelter. Especially given those who are most affected are the poorest in society (as inertia pointed out), not the people resposible for the current economic crisis, not even those 'most deserving' to suffer (because people deserve pain for hurting me!!1).

Personally, I am enjoying the recession so far

ie, you haven't been laid off due to downsizing yet

watching people learn and think and evolve is very satisfactory.

I'm sure it is, it gives you that warm glow that you are more knowledgable, more evolved, just god damn better than those around you... You fucking self aggrandising, wretchedly callous, vermin raped, excremental cunt 
Yup 
That was fast. 
Hmm 
I'm hungry. I react badly to be told that that's amusing... 
Let's Not Turn This Into A Scampie/trinca Thread 
watching people learn and think and evolve

Too bad they're doing the same shit all-over again. In Germany, Allianz and Deutsche Bank are already making billions. And the German government was either too stupid or too corrupt to actually force them to pay back what they got from us. 
Uhm 
Deutsche Bank is one of the banks that was not that badly affected by the crisis because they mostly stayed away from foul credits. Hypovereinsbank is another example, they are doing pretty well, too.

I'm not saying that you are wrong though. An international entity that controls the financial sector is necessary and was promised, but nothing happened. Also very disappointing is the fact that the worst of the crisis was averted so far by making even more debt, which is going to haunt is and generations to come. On the other hand, the money that was spent by the government seems to have been invested well, since so far germany has not been hit too hard. But maybe the worst is still to come.

JPL and others who have lost their jobs: Sorry to hear it, and I hope you will get back on your feet again soon.

I myself have not been affected by the crisis so far since I'm writing my thesis. I will have to look for a job in a couple of weeks though, and that might be harder than it would have been two years ago. Also, noone I know has been laid off so far, but those people who just finished their studies or are looking for work for other reasons are having a hard time, depending on what sector they're in. 
 
The Tobin tax would help everyone:
http://en.wikipedia.org/wiki/Tobin_tax

But just look what happens when people mention it: http://www.bloomberg.com/apps/news?pid=20601102&sid=aJqRedRZpa5c 
Deutsche Bank 
they mostly stayed away from foul credits.
Yeah, they just sold them to other banks before/until it all went down. Also, I remember something about the HRE buying all their foul credit, but I can't find any reference now and have no time for an in-depth search.

people who just finished their studies
New roommate has a diploma in Maschinenbau/engineering and isn't finding anything. 
Figures 
Machine engineering is one of the most heavily hit sectors in Germany. Hope he'll find something soon though.

As for Deutsche Bank, haven't heard of what you claimed, but I guess it's possible. 
Suffering? 
Nonentity:

Yeh, it's fucking hilarious to watch people suffer because there aren't enough jobs.

No one in Western civilization is starving. And no one is losing limbs, getting bombed, dying of cholera or being gassed in concentration camps.

You fucking self aggrandising, wretchedly callous, vermin raped, excremental cunt

Heheh. Vulgarity is how the weak-minded express their thoughts. And it is the limit to the depth of their thoughts as well ...

it gives you that warm glow that you are more knowledgable, more evolved, just god damn better than those around you

I'm better than no one. But when things get tough, some of us will passively choose to be victims in this world while others of us -- people like me -- take the active and hands on approach to molding our own lives.

I do enjoy the recession. I get to watch people who at first think they are victims grow and realize that in fact, yes they CAN take on the challenges, adapt and handle the new environment.

And many people never knew they could do it!

It is a testament to the human spirit. 
Baker 
No one in Western civilization is starving.

as long nobody in the western civilisation is starving the world is ok lol

I do enjoy the recession.

Please keep your narrow minded thoughts in the US. 
Hmm 
No one in Western civilization is starving.

That's not actually true though is it? In fact, even in boom times that wasn't true...

And while I'm not starving, I have lost two stone in the last couple of months since I can't afford to eat much more than a small meal a day given my bank is taking ~65% of my income (income I only even have because I live in a country with a welfare state, if I lived somewhere less liberal I would actually be starving) on threat of court action, repossession of my meagre possessions (which would total less than my debt anyway) and other such wonderful things. (Yes this is one of the same banks that has been bailed out by the government...)

I also would have been kicked out of my house since I can't afford rent if it weren't for the fact my landlord has let me do repairs on the house in return for not evicting me.

I live in an area of northern england which currently has virtually no employment opportunities due to the recession (and what few are available are over applied, under paid and nigh on impossible to get). I could 'adapt' to this. I could move to a new area. Give up the life I've spent nearly a decade building. Leave my mrs since her family are here and she won't move. Leave all my friends behind. Leave everything I hold dear because of an economic climate I did not cause.
That's not 'over coming a challenge', that's having to abandon my whole life.


Oh and 1) since you seem to be unable to understand my meaning; self aggrandising is over promoting your own importance, wretchedly callous is so devoid of empathy for other humans that you are pitiful, vermin raped implies even rats are more than you and excremental cunt would contexually mean you're a cold spirit person. Weak minded I may be, but at least I comprehend the meaning of words I read.

2) I'm better than no one. is somewhat invalidated by phrases such as the weak minded and while others of us -- people like me


I'm not entirely sure I should have to give in depth details of my situation on an internet forum, but I felt it would highlight my point to show examples of suffering caused by the recession. So, exactly what challenges have you overcome? How did you cope with losing your job? How did you deal with bailiffs at your door at 9am? Or are you just proud of having kept the job you already have without understanding or imagining the circumstances and difficulties of those you are so quick to judge? You self righteous prick, you know nothing of human spirit (shit, profanity, that must automatically undermine every comment I've made) 
 
"No one in Western civilization is starving."

That is so wrong, it's sad. 
 
"I do enjoy the recession. I get to watch people who at first think they are victims grow and realize that in fact, yes they CAN take on the challenges, adapt and handle the new environment. "

You're an asshole. 
What? 
I live in an area of northern england which currently has virtually no employment opportunities due to the recession (and what few are available are over applied, under paid and nigh on impossible to get). I could 'adapt' to this. I could move to a new area.

Sounds like a good idea.

Give up the life I've spent nearly a decade building.

What life? Friends remain friends even if there is a distance between you, real friends that is. Also you are likely to make new ones as well. Pretty much all wordly posessions can be moved, some of them can be a pain, but it can be done.

Leave my mrs since her family are here and she won't move.

What the fuck? Why would the place of residence of either your family or the family of your mrs have ANY weight whatsoever? 
@non-entity 
So, exactly what challenges have you overcome? How did you cope with losing your job? How did you deal with bailiffs at your door at 9am? Or are you just proud of having kept the job you already have without understanding or imagining the circumstances and difficulties of those you are so quick to judge? You self righteous prick, you know nothing of human spirit (shit, profanity, that must automatically undermine every comment I've made)

Yes your use of profanity does undermine every comment you've made, but putting that aside ..

I've overcome countless challenges and am still overcoming them. These ARE interesting times.

But people have the choice to grab the reigns and take control; some people will sit idly by and yield their circumstances to external forces and sit there helplessly and allow the economy to dictate its terms.

You can cut back, get 2 jobs, move in with family, quit eating at restaurants, work for below your normal wage, sell things, get public assistance, cancel cable, sell your car if you have one and get an inexpensive one.

Yet many pampered people will resist or refuse to make such choices.

Everyone in the West, even during these more difficult times, lives a standard of living embarrassingly magnificent compared to the developing world.

And yet so many in the West are crying for themselves and calling it so-called "suffering".

Pampered people's use the word "suffering", not knowing what true suffering is, is quite embarrassing really.

Challenging? Definitely. Suffering? No.

I'm sure some people will enjoy flaming me just to score points or whatever (have at it! do I seem like I am concerned?) but if you take a moment to see what I am trying to say into context, you will see the irony of the situation.

At least in the United States, our country fell in love with borrowing and spending (mortgage debt, government debt, credit cards) without thinking that one day the foreign credit would run dry.

Do USA citizens have the right to unlimited foreign borrowing to fund a hedonistic lifestyle?

This is my point of view as the economy relates to the United States. 
Baker 
Just because you were lucky enough to have the mental and emotional fortitude to over come challenges, does not mean a) that others are lucky enough to have that same fortitude, nor does it mean b) that others' challenges are as "easy" as yours have been.

Have some empathy. 
Baker And Everyone 
ok baker listen man you only know what your told

everyone go and look at the slums of south america or africa or india and then start talking about economic crisis

we dont know what we are talking about.

ive driven past one and i bet ijed has something to say (maybe?) about the idea of problems (ie slums) but personally I 'aint gonna touch that with a 50ft barge pole, cause lets face it we are are all in a position where we are able to lavish the gift of "modern technology" upon ourselves and communicate with a "community" of our liking, without fear of persecution or violence, or war, or ethinc cleansing or famine or starvation. 
 
And Are Are You At 5:00am? 
tucked up 
 
where even 
Different People, Different Situation. 
First of all thanks to all the people who are sympathizing with me regarding my situation: it is catastrophic,but not completely desperate :P

Our delegates had lately new meetings with our CEO about what the company is proposing. what the company is, proposing in temr of package, follow up of employees, help to find a new jobs (all these are legal measures in france), etc.. are completely under the minimum legal requirements.

Our delegates pointed it up, and made an alternate proposal that has been completely refused, and the CEO told us a global fuck you... so possible negotiations...

I know other major companies have much more repsect to their employees, believe me... so today I know I will certainely not get as much as others in the same business area... anyway

The other problem is to move from area to get a new job: quite easy when you are alone... not really when you have kids, and a wife with a job...

So different people, different situations, and also different beahviour... you are never happy to be fired, but I was expecting more "respect" from Wipro top management...

Anyway: there are solutions, not for every employees unfortunately...

Wait and see... :/ 
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