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.
Hungary's Orban puts Internet tax on hold after huge protests
31 Oct 2014 | 6:19 am
By Krizstina Than and Marton Dunai BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban froze plans on Friday to impose a tax on Internet traffic, climbing down in the face of massive street protests and warnings from the European Union that the levy was a mistake. Opponents of the tax, who said it would have hurt consumers already struggling with a faltering economy, described the U-turn as a major victory. ...
ECB's Visco says concrete risk of deflation cannot be ignored
31 Oct 2014 | 5:54 am
ROME (Reuters) - The eurozone faces a real risk of deflation, with medium and long-term inflation expectations now at historically low levels, European Central Bank governing council member Ignazio Visco said on Friday. Noting that the outlook for economic growth has weakened across the euro zone, Visco, who is also governor of the Bank of Italy, said 5-10 year inflation expectations had fallen below 2 percent, the ECB's level for price stability. "We are not in deflation but we cannot ignore the concrete risk of it," he said, in a speech to a conference in Rome. ...
Eurozone inflation up, unemployment steady
31 Oct 2014 | 5:49 am
Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed Friday, providing only limited reassurance that a modest economic recovery remains on track. Analysts said the figures were far from encouraging, with the European Central Bank likely to come under additional pressure from anxious governments to do more to get the economy moving again. The unemployment rate in September came in at 11.5 percent, unchanged compared with August and July. The inflation figure remains far below the 2.0 percent target set by the ECB, whose core mission is to ensure price stability.
Euro zone inflation slightly higher in October
31 Oct 2014 | 5:29 am
By Robert-Jan Bartunek BRUSSELS (Reuters) - Inflation in the 18 countries sharing the euro edged up slightly in October, a first estimate by the European Union's statistics office showed on Friday, giving some hope to policy makers that price deflation can be avoided. Eurostat said consumer prices in the euro zone rose by 0.4 percent in October, in line with market expectations, the day after inflation in Germany, Europe's largest economy, slowed in October to 0.7 percent, its lowest reading since May. ...
Highlights: BOJ Governor Kuroda comments at news conference
31 Oct 2014 | 5:27 am
(Reuters) - The Bank of Japan surprised global financial markets on Friday by expanding its massive monetary easing as economic growth and inflation have not picked up as expected after a sales tax hike in April. Following are comments from BOJ Governor Haruhiko Kuroda at his post-meeting news conference: FRIDAY'S POLICY DECISION "Now is a critical moment for Japan to emerge from deflation. That's why we expanded QQE." "Today's step shows our unwavering determination to end deflation. ...
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