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Recession
India will never get bogged down…
We are strong, optimistic, confident…
Let’s join hands & bail out!!
 
The economy and time speak a different language today. The ripples of recession progressing towards the shore has taken many experiences along. Bankruptcies, job losses, unemployment, foreclosure, credit crunch, price rise, crashing stock market are some of the common words which have lingered around us everyday, for the last six months
All this has really affected our way of life in some measure. There are so many woeful stories we hear everyday. It's not just about losing jobs but a lot more than that. Families have split, there's been mental and emotional instability, deprived social standards and much more.
It’s important to regain fiscal sanity of earning, saving and helping thy neighbour. With the global economy in unchartered waters, confidence has become a highly measurable factor to deal with now. In this hour of crisis let’s be optimistic and bring a change.
 
"Be confident and motivate others around you"
 
 “The other day my tenant called me and said he wanted to vacate just 5 months after living in my place.  I was shocked and asked the reason, he said “ he has lost his job, and he has to vacate the place now'' adding on to the ray he will have to leave his wife and kids at his in laws place and moving to Pune in search of a new job. I felt pity for the guy. The vacuum has really.....''
Sreeram Singh
TCS
“I left for office in the morning with a good news of getting engaged next month, while I entered the premises I cud heard the rumour mills talking of ramping down the software development team. The first mail in my inbox confirmed the gossip. My company had asked for a voluntary retirement by paying six month's basic salary to the employee. I immediately ran to my boss asking what is going on, he said that few names will be out by evening and will be requested to leave. I got the news.... It’s been seven months since then and I have been hoping to get an appropriate job.''
Akhilesh Kaushal
Satyam
“We moved to Danbury 11 months back, happy and all set to start a new life away from our mother land, with initial expenses shooting up while we were settling down we could manage a well equipped life within 3 months. Our credit cards bills were still on hold and to be paid in parts. On November 11, 08, my husband told that he has been given notice period of two months by the company . We are back to India and took up a job in school. Situation is the same every where... .''
Karuna Moitra
Genpact
Global meltdown causes financial tsunami
Global meltdown causes financial tsunami
The meltdown has sent shock wavesacross the world, with economy after economy gasping for breath.
Global financial crisis: A new world order needed
Global financial crisis: A new world order needed
India has been able to withstand the shock better because of the mixed economy and well regulated financial
Recession hits sports
Recession hits sports
The financial slump that has hit the world today following the bankruptcy of American insurance and investing and banking giants
It pays to promote during recession
It pays to promote during recession
Researches reveal that aggressive advertising during recession period helps companies in maintaining their sales in the short-run as well as long-run.
Recession Vs Depression: Do you know the difference?
Recession Vs Depression: Do you know the difference?
We all are familiar with ongoing financial crisis but is it a a financial Recession or Depression.
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Well certainly that fits with the article which asserts that when people are thinking about money they are desensitized to others and self-absorbed. What if the money focused people hold the balance of power? When they are bringing in the cash (I imagine when you say prosperity, you mean that they are prosperous - because general poverty has increased during the last boom) they have no need for social projects and will vote to eradicate them. When the cash is not flowing, they don't stop thinking about money (and so remain desensitized to others and self-absorbed) but look to the government to sort things out for them. The only time that liberals (in the US) seem to be able to put in place civilized structures is during a recession. Maybe someday the rapacious will learn...
Posted By :  Vandana
when everything comes crashing down so suddenly and without you feeling responsible for it, you can't help but begin to wonder if it means that it was meaningless to begin with. i've been unemployed since having been laid off in november, and i'm great at what i do. so, i've been careful with my savings, and can't imagine that with a new job i'll suddenly start buying "stuff" again. on the contrary, i've come to realise that i was actually making so much more money than i thought it was worth, and think that all those people after the latest gadgets are zombies who just can't be contented, chasing a zigzagging prey that's never been caught. now i plan to work part time when things get going, god how awfully wasteful it would have been of me to go back to working as hard as i used to. time is my most valued buy. i feel so incredibly sane and confident these days!
Posted By :  chitrangada
Everyone should already know by now that libs love recessions and hate prosperity.
Posted By :  ajay
"So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to gird up your loins, or the guns-butter metaphor."
Posted By :  bittu
Recession is when a neighbor loses his job. Depression is when you lose yours
Posted By :  Ajay
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