Does anyone have a dollar stretcher I could borrow or could I pick from your money tree? Isn’t this something that most of us are wishing for right now. Unemployment rates are at an all time high and it seems that cutbacks and instability are have become a permanent part of our thinking.
I have often wondered how it would be to live in a country that gets hit by bombs on a regular bases or where there is fighting in the streets. What is the mindset of those that live there? How do they survive from day to day? I know this is an analogy that is dealing with life and death but I think most of us can apply it to our outlook of our job stability. It’s called conditioning.
Times have changed. Not too long ago the mindset of most Americans was that you would get a stable job and could stay with that company until you retire, if you wanted to. You would have a retirement and insurance waiting for you at the end of that duty. Not so today, there are very few companies left that would fit this model and so we have gradually had to shift our paradigm in a new direction. We now have become conditioned to know that we can’t rely on a job anymore. We have to think and plan now like someone that lives in a country like I mentioned above. We have to think outside of the box, plan more and make escape routes for when war breaks out or when we hear the bomb siren going off. We may even travel lighter now and not grow roots as deep because we may not be staying in one location. For most of us life has changed. It’s not doom and gloom it’s just life and we survive.
We lean more on each other. We lend a helping hand and we gain a stronger appreciation and love for fellow human beings.
U.S. existing home sales at one-year high, prices up
21 Oct 2014 | 12:39 pm
By Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track. A separate report on Tuesday showed service sector activity in the nation's mid-Atlantic region picked up speed this month, another signal suggesting underlying strength in the economy. The National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.17 million units, the strongest reading since September of last year. ...
China economy grows at slowest pace in 5 years
21 Oct 2014 | 12:06 pm
BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown.
S. African rand races to firmest in a month vs dollar
21 Oct 2014 | 11:11 am
JOHANNESBURG (Reuters) - South Africa's rand clawed to its firmest level in 25 days against the dollar on Tuesday as investors took some comfort from China's GDP data, focusing on growth being slightly stronger than forecast. China's economy grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns about the major commodity consumer. But the rand strengthened for a third straight day to its firmest level since mid-September, 0.45 percent firmer on the day to 10. ...
Nigeria finmin sees 2015 GDP growth at 6.75 percent
21 Oct 2014 | 11:00 am
ABUJA (Reuters) - Nigeria's finance minister said on Tuesday she expected economic growth for 2015 to be around 6.75 percent, an improvement on the government's forecast of 6.2 percent this year. Ngozi Okonjo-Iweala said the country's oil savings account, the Excess Crude Account, was broadly flat since August at $4.11 billion and that the fledgling sovereign wealth fund had $1.55 billion in it, she told a media conference. Nigeria's oil savings in the Excess Crude Account (ECA) have recovered this year, though remains way below where it was two years ago. The ECA declined as low as $2. ...
China's growth slowest since global crisis, annual target at risk
21 Oct 2014 | 10:30 am
By Jake Spring and Xiaoyi Shao BEIJING (Reuters) - China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth. A pick-up in factory output and government confidence that the labor market remains stable were offset by further slowing in the property sector, and economists remained divided on whether authorities would step in with major stimulus measures such as interest rate cuts. ...
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