Welcome Guest [Log In] [Register]
We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.

Remember to visit our welcome thread here: Member Welcome Thread

Join our community!

*Flashing News*Email trigger on Alphadslr forum is now working.

To setup the email trigger for your account:
Just go to preference, select "Email & Subscription Settings" and Topic/Forum subscription alert type as "Alerts by email"..

For thread tracking, you need to manually enable it for each thread. Once you're viewing a thread, scroll down to the bottom of the page. Locate the option "Track Topic" which appears to the left of the Board Time.

From the page that loads you can select the notification type you want.




Username:   Password:
Add Reply
US banking crisis
Topic Started: Sep 15 2008, 10:19 AM (1,414 Views)
myphotoshop
Member Avatar
Alpha Sniper Member
Alpha-Ming
Sep 15 2008, 04:01 PM
:sweat:

More Newer Cars ...
More Newer Condos ...
More Newer Computers ...
More Newwer Clubs ...
More Newer Cameras ...

So many many New things coming up ... What is the effect of the Crisis ?
the effect of the crisis is simple > shortage of money
"PHOTOSHOP" helping the ugly since 1988
Offline Profile Quote Post Goto Top
 
Ming
Member Avatar
90609866
:sofunny: Shortage of money for the Big Companies ah ?

I don't think we will be short on Money , its 'Always' the 'Never Enough' only ma . Frankly , i really don't see the effect on us , the small little common citizens of a small Country ...

Everyone still goes to work , goes to school , goes shopping ... Get a job to work & live happily . I know 2 words , something like be persimistic & optimiztic or what ... :sweat:

I am always looking at the 'Bright Side' !

Posted Image
Ask ... Absorb ... Equip ... Execute
N E X with M I N G HERE ! A P - Ming HERE ! Macro-Ming HERE ! Pano-Ming HERE ! Food ! Food ! Foods ! HERE
Offline Profile Quote Post Goto Top
 
ongl
Member Avatar
Alpha Sniper Member
Everyone still does their work as Ming said, but you'd see the difference in corporate world. Singapore economy is pretty much following US. In 2001, shortly after 9/11, I recall economy was not doing well here. House prices started to tumble, my company was in cost saving mode and many people (incl. me ) didn't get any raise for 2 years. Unemployment goes up, etc.

People who lives not exceeding their means, will have some buffer to anticipate increases in prices, etc. But people who lost a job or living in the limit of their means are in unfavorable position as small changes in price/job can impact their family a lot.

Now we don't really see it impacting Singapore as 2001-2002 did, it'll go once europe and US are in recession, no one (except China??) spared.

Here is simple example:

Recession leads to job cuts and reduction in 'Expats -> Reduce rental / sale or property -> More supply than demands -> Price went down. (2000-2003)

Recovery leads to increase in 'expats' -> increase rental/sale or property -> less supply than demand -> price went up ( the last three years?)
Edited by ongl, Sep 16 2008, 06:17 AM.
A900 | A700 | A300 Limited | HVL-58AM
CZ 16-80mm | CZ 16-35mm | CZ 24-70mm | CZ 85mm | CZ 135mm | 35mm F1.4 G | 35mm F2.0 RS | 70-200mm F2.8 G | 70-400mm F4-5.6 G |
18-70 Limited | 16mm F2.8 FishEye | 24mm F2.8 | 50mm F1.4 | 50mm Macro | 90mm Macro | 100mm F2.8 SF | 135mm XX F2.8 | 70-210mm F4
Sony Carl-Zeiss | Sony G Lens | Sony | Minolta | Tamron
Offline Profile Quote Post Goto Top
 
sulhan
Alphadslr Photo Critique member
Don't you think the whole problem is due to the concept of Interest. Interest creates money out of nothing. It creates money out of time. This causes those who are in dept to be more in dept and the one who loans out money thinks he have more money from the interests in numbers. Spend on other larger priced things and If those in dept can't pay out then this create a vacuum in actual available money. Too bad this does not happen in time...it snowballs to a later stage that will just burst out of control.

Its like a ticking Bomb.
Offline Profile Quote Post Goto Top
 
Light
Member Avatar

not only limit to banking. giant insurance company, AIG is the latest victim of this finanical crisis
my photography blog
My Flickr DNA
Offline Profile Quote Post Goto Top
 
Mirror Slap
Member Avatar
aka ninelives



--------------------------------------------------------------------------------

HP to cut 24,600 jobs as part of EDS integration
Monday September 15, 5:20 pm ET
By Jordan Robertson, AP Technology Writer




Hewlett-Packard to cut 24,600 jobs, nearly 8 percent of work force, in EDS integration

SAN FRANCISCO (AP) -- Hewlett-Packard Co. said Monday it plans to slash 24,600 jobs over the next three years, nearly 8 percent of its work force, as it combines operations with Electronic Data Systems Corp., the technology-services company it recently acquired.

ADVERTISEMENT






Most of the cuts will come from within EDS's ranks, and nearly half will hit jobs in the U.S., HP said Monday after the markets closed.

HP had not previously detailed how many employees of the combined company would lose their jobs. Before the acquisition, HP had 178,000 people and EDS had 142,000, a total of 320,000.

HP was expected to reveal more details about the integration at a meeting with financial analysts in San Francisco later Monday.

Palo Alto, Calif.-based HP bought EDS for $13.9 billion in a bid to challenge IBM Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure.

HP expects to save $1.8 billion per year from the cuts once the restructuring is complete. The company will incur a $1.7 billion charge in the current quarter, its fiscal fourth quarter, for a goodwill adjustment and other costs connected to the restructuring.

HP CEO Mark Hurd has been aggressive about cutting costs since he was hired in 2005. His first big act was a major restructuring that eliminated nearly 15,000 jobs.

Hurd's changes have helped HP wring more profits from its businesses even as the personal-computer industry as a whole grapples with shrinking profit margins, and HP's crown-jewel business -- printer ink -- faces intensifying competition from lower-cost competitors.

HP shares fell $1.64, or 3.5 percent, to $45.33 in regular-session trading. In after-hours trading, the stock gained 42 cents to $45.75.




Mirror Slap
Facebook
Offline Profile Quote Post Goto Top
 
sulhan
Alphadslr Photo Critique member
Yo Bro...

This has got nothing to do with banking crisis lah...
Offline Profile Quote Post Goto Top
 
myphotoshop
Member Avatar
Alpha Sniper Member
sulhan
Sep 16 2008, 02:11 PM
Yo Bro...

This has got nothing to do with banking crisis lah...
the banking crisis is just part of the CRISIS.

to have a global recession quick and serious, simply attack the banks first... and the rest of the industries will follow like a domino effect... consumer and corporate spending will cut back as banks cannot lend out loans.. projects will be shelved off... demand for labour will reduce... jobs will be cut down.

question is there a solution ? i guess not for now.... becos USA national debt is now twice the size and u cannot borrow your way out of debt, the only way is to face the music and accept re-valuation of the dollar !





Edited by myphotoshop, Sep 16 2008, 02:34 PM.
"PHOTOSHOP" helping the ugly since 1988
Offline Profile Quote Post Goto Top
 
Light
Member Avatar

myphotoshop
Sep 16 2008, 02:32 PM
sulhan
Sep 16 2008, 02:11 PM
Yo Bro...

This has got nothing to do with banking crisis lah...
the banking crisis is just part of the CRISIS.

to have a global recession quick and serious, simply attack the banks first... and the rest of the industries will follow like a domino effect... consumer and corporate spending will cut back as banks cannot lend out loans.. projects will be shelved off... demand for labour will reduce... jobs will be cut down.

question is there a solution ? i guess not for now.... becos USA national debt is now twice the size and u cannot borrow your way out of debt, the only way is to face the music and accept re-valuation of the dollar !





chain reaction effect :sweat:

what would happen if US companies here decide to divert large amount of fund back to their country?
my photography blog
My Flickr DNA
Offline Profile Quote Post Goto Top
 
myphotoshop
Member Avatar
Alpha Sniper Member
sakuranbo
Sep 16 2008, 02:41 PM
myphotoshop
Sep 16 2008, 02:32 PM
sulhan
Sep 16 2008, 02:11 PM
Yo Bro...

This has got nothing to do with banking crisis lah...
the banking crisis is just part of the CRISIS.

to have a global recession quick and serious, simply attack the banks first... and the rest of the industries will follow like a domino effect... consumer and corporate spending will cut back as banks cannot lend out loans.. projects will be shelved off... demand for labour will reduce... jobs will be cut down.

question is there a solution ? i guess not for now.... becos USA national debt is now twice the size and u cannot borrow your way out of debt, the only way is to face the music and accept re-valuation of the dollar !





chain reaction effect :sweat:

what would happen if US companies here decide to divert large amount of fund back to their country?
they had not much money to divert...

not just uncle sam... i dun think dragon accounts are clean....

guys.... i am not being negative.... i just said the truth... it is an treacherous world.
"PHOTOSHOP" helping the ugly since 1988
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Kopitiam corner · Next Topic »
Add Reply