4 posts tagged “economy”
Nothing like a brawly atmosphere in Parliament to get the blood flowing. Brown says most developed countries heading for recession.
Bring on the doomsday talk. British tabloid News of the World reports
on what happens when over-priced, river-side flats collapse in value:
remortgaging, repossessions, and 'councilification' (US equivalent:
'projectification').
Clearly, talk of impending economic doom sells. The News of the World
muses (elsewhere in the paper) whether a year from now, three million
people will be out of a job. Scary!
As expected, talk of immigration and its curbing has begun, with both
government and opposition representatives outlining immediate curbs
and limits to immigration. In particular, I expect it will become
more common to find talk radio and tabloid papers saying the
immigrants should bugger off and free up some of the jobs for the
locals.
Still, it is not anywhere near there yet, and we do not know what
will happen in the next few months. In fact, if things really do go
downhill, I expect many of the recent immigrants _will_ leave of
their own accord.
John Gray is a bit of an apocalyptic writer. But, darn, he's right: while the US economy melts, the Chinese are doing space walks.
Are we going to look back on this time as the beginning of the decline of the US?
