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Greek Salad for European Union June 22, 2011

Posted by Null in Expression, Finance.
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Greece should have never being included in the EU at the first place. They have been continously reckless. The EU has overlooked the “Greek Tragedy” issue for some time Now, this bailout tragedy will encourage other nations  like Portugal and Spain to go for recession & debts.

How would the European Union like this Greek Salad with debt dressing? The question now is what lies next for EU?

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GM files bankrupt: The end of the giant GM era June 1, 2009

Posted by Null in Business, News.
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obamaGMSource: The New York Times

The US automobile giant GM which was founded in 1908 have just filed bankruptcy. This is definitely a tragic end to a very old business giant. GM brands includes Chevrolet, Hummer, Pontiac, GMC, Cadillac, Holden, Saab, Vauxhall, Opel, Buick, etc. The company fell into a liquidity crisis during the global economic recession and asked for financial assistance from the US federal government.

Today, the US President Obama has said on his speech that GM is a very complex organization with worldwide operations and it would be a reluctant investment on the company not just because it employs many workers but also carries an American pride and provided economic contribution to the US. The governement will provide $30 million after the bankruptcy.  GM’s operation in other parts of the world will somehow survive (God knows how). For example, the Canadian government will support the GM Canada; the Australian government will support the GM Holden with financial loans. But I am just wondering, who’s gonna convience the general consumers to purchase a GM auto since the company is bankrupt! As part of the bankruptcy, more 14 plants in the US will shutdown and the company will cut off approximately 21,000 jobs and axe 42%  of its dealers.

The future of executives April 3, 2009

Posted by Null in HRM.
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Due to the economic recession several millions of jobs are at stake.  It  seems pretty clear that this time the recession will take over many economies and if the world cannot defend it properly, we will be back to the past for the next 20 years (my assumption). But how do we defend? Spend less? Don’t buy iPods? Eat at Burger King instead of going to a A-La-Carte? Well the so called supersonic economists and financial advisors will advise how to implement the cost-cutting theme at home. Duh! This can be done by laying off a family member, right? At present, we realized that the future of many low income workers are merely at jeopardy.

But what about executives? Will they always lead a class life? Will they always fly a chartered aircraft? I don’t think so. Things will change as said by the world’s greatest Astrologist (Mr. Barack Obama). If the world economy is at despair, they too will suffer in near future.  Mr. Obama is predicting that US will never be the same again because there are new entrants in the world super power.  I’m not being prejudiced with executives because change is a fact of life.

Watch this interesting video, and see how it looks when executives are waiting to work as a day laborer.