Living in the net

Impact of Global Financial Crisis on South Asia
The global financial crisis hit South Asia at a time when it had barely recovered from severe terms of trade shock resulting from the global food and fuel price crisis. The food and fuel price shocks had badly affected South Asia, with cumulative income loss ranging from 34
percent of 2002 GDP for Maldives to 8 percent for Bangladesh. Current account and fiscal balances worsened sharply and inflation surged to unprecedented levels.
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Introduction:
World Economy crisis – effects on shippingworld: a serie of linked financial and economydownturns that are badly affecting theshipping market:-Lack of financing for new projects andnewbuilding. Results: contracts cancellations,g,delayed deliveries, higher costs – Low chartering rates – low market values:longer return on investment for new and oldships.- Lowered assets values: vessel being deliveredhtk t l th t’h lhave a current market value that’s much lessthan building contract value.Ettt d f- Excess tonnage: recent years trend of a veryspeculative ships resale and newbuildingmarket Peak of conventional ships deliveriesmarket. Peak of conventional ships deliverieswas expected in 2012. Excess of tonnage offer.
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We have a big financial crisis in America.
It’s not the weak housing market, rising unemployment, inflation, the collapse of Bear Stearns or Lehman Brothers, fallout from the subprime mortgage fiasco, declining home prices, stock market volatility or geopolitical unrest in the Middle East. Sure they have made front page news; however they’re not the real issue. They are symptoms of the “spending crisis” in America. They are symptoms of the real issue – that we are a country of financially illiterate people.
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Financial crisis hurting new job seekers: The global financial crisis has begun to impact student job seekers who will soon graduate from universities and graduate schools.
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Now people are in fear to take leave in this time of recession, so that company won’t fire him when he is
out. Should we cancel our leave in this time?
You’re own financial situation should weigh more on your decision than talk about the economy. You’ve saved the money so you won’ be going into debt. You’ve saved the money so the money isn’t coming out of your house payment or bill money. You sound responsible with money so I suspect you are not draining your savings account to go. If all that is true then go. Why not? Enjoy yourself. Put a little money into the economy. If you have a real concern about losing your jobs in the not so distant future then you may want to reconsider. Otherwise don’t let the sky is falling crowd stop you.
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Perhaps you find yourself living in a country undergoing major financial upheaval. Chances are you yourself are worried, and are making moves to protect yourself. Or perhaps you are so emotional and are not sure what to do. Whatever the situation, pay attention to your children during this difficult period, as they may be scared and worried. Children will hear frightening stories from their friends and the information they get will be very incomplete and troubling to them. Give your child full support during any financial crisis and let them know that you have things under control. Do not make the mistake of letting your child suffer in silent worry.
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Financial crisis slams stock market:
The financial crisis of 2007–2009, initially referred to in the media as a “credit crunch” or “credit crisis”, began in July 2007[1][2] when a loss of confidence by investors in the value of securitized mortgages in the United States resulted in a liquidity crisis that prompted a substantial injection of capital into financial markets by the United States Federal Reserve, Bank of England and the European Central Bank.[3][4] The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008,[5] reaching a record 4.65% on October 10, 2008. In September 2008, the crisis deepened, as stock markets world-wide crashed and entered a period of high volatility, and a considerable number of banks, mortgage lenders and insurance companies failed in the following weeks.
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The financial crisis gripping the country had already created widespread confusion about what these problems might mean for ordinary Americans, and that was before a week of political bickering over a massive financial rescue package for Wall Street.
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This is a good artical digest from yahoo finance. The author is Robert Kiyosaki.

How did we get into the current financial mess? Great question.

Turmoil in the Making

In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It’s estimated that those seven men represented one-sixth of the world’s wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs.
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Causes of the financial crisis:

THE CAUSES OF THE FINANCIAL CRISIS
The Debt-Based Money System Slams Into
Greed and Peak Oil

Several times recently, Treasury Secretary Paulson (and many others) have claimed that the “root cause” of the current financial crisis is “the housing correction.” This is completely wrong–and unless policy makers realize that it’s completely wrong, they’re not likely to make the right policy decisions.
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