London Doing Even Worse Than New York
“Clearly, the financial crisis has pummeled both [New York and London]. Major banks have collapsed, and others are expected to require more infusions of taxpayer cash if they are to survive. London and New York share an unemployment rate—7.4%—that is only expected to climb as financial services jobs disappear by the tens of thousands and…
“Clearly, the financial crisis has pummeled both [New York and London]. Major banks have collapsed, and others are expected to require more infusions of taxpayer cash if they are to survive. London and New York share an unemployment rate—7.4%—that is only expected to climb as financial services jobs disappear by the tens of thousands and the loss reverberates in the broader economy…By many measures—the state of its financial markets, home prices, jobs and economic diversity—the British capital has fallen further…Another key component, the housing markets, exploded in both cities in recent years. Though London’s bubble has burst, New York’s has just deflated.” — Crain’s
“It is always darkest before the dawn.”
To follow up on your post about the media, MM…I found out from a friend who works for a major media outlet that the media is basically blocking all articles and stories that aren’t doom and gloom “because they won’t sell”
Meaning we are only hearing bad news right now because that’s what’s most popular. The media is so fickle and isn’t really representative of the general public, but changes it’s tune to whatever is the fashion of the moment.
And the fashion of the moment is to say it’s the worst everything since the Great Depression.
Which after talking to a couple people who have lived through it, think is absolutely laughable.
Landlord here. I have a new title, see end of Friday’s Open Thread. The what called me a new name, which I add with pride to my lengthening list of acronymns, titles and achievements. C’hiller – passing the email along to the ever complaining tenant. Was out getting work today, too. Since my industry is also toast, I’m trying to reinvent myself. The hardest part is convincing people that you are perfectly capable of doing a job that you’ve never done before. How are you supposed to get experience, if you can’t get experience?
Rob, happy birthday, and don’t worry. While things are certainly not good now, if you listen to the media too much you will be suicidal in no time. They do nothing but hammer the negative, and tell us we’re up a creek without a paddle day and and day out. If I hear “the Worst……since the Great Depression” one more time… What they forget is that most people lived through the GD, they also lived through the deprivation of World War II, and the many recessions that followed, we lived through the fear of 9/11, and we will certainly live through this. As others have told you, you are young, your life is flexible, you have lots of options, and you’ll be fine. Bxgrl is right, 93% of people are working, and you will continue to be one of them.
Regarding London, they are very much paralleled with us, in terms of industries. So while their financial sector jobs may be declining, like us, they are the center of many other industries such as publishing, advertising, fashion, music, government, etc. They lived through being blitzed in WWII, and terror bombed all throughout the latter part of the century. They are tough people, they’ll make it through, as well.
Her Royal “Asshat Princess” Montrose Morris, PBA
Action- thanks! Mexico’s also good 🙂
She’d better- or her computer guru will pull the plug.
Nah- she’s still out. How dare she – well, I have to go finish scraping the burnt toast now.
LOL! I’m not on anyone’s side…I just like teasing and instigating!
I just sent EVLL an email for you. [If you’ve done all her chores she might even give it to you! ; )]
Hey! Whose side are you on? The dungeon, the chains, the drudgery of chores- heck! Not many EVLL’s have such great living conditions. Oh wait- those are my living conditions.
Don’t worry, EVLL is no doubt out looking for new and ingenious ways to torture you! As well she should! ; )
Ok, will do. I’ll try not to repeat them, but there will likely be some overlap…
That would be great. EVLL is out for the moment- which is why I have been able to demean her all morning without retribution ;-).
If its ok, I’ll have her forward you my email address too. There’s a friend I do freelance work for on occasion who is very tied to several major City agencies. Maybe one of them might have something that would work for you so I’ll ask. Just send me a bit more description of what you do when you email the EVLL.