Scenes from the recession....

[Solly]

I always feel so lucky when I return back home,
somehow it doesn't seem that bad living here.......

Scenes from the recession

 

[Gundini]

Reality bites hard!

It is like the developers had no idea of pending troubles.

Very sad really...

No doubt there will be worse pictures next week....

 

[doctorj]

There are plenty of graphic photos of rioting in the Baltics floating about too.

Great find, thanks for sharing.

 

[saiter]

Wow, I didn't think I'd see job lines that long! It's not this bad in Aus... yet?

 

[Jikx]

Wow, I didn't think I'd see job lines that long! It's not this bad in Aus... yet?

Makes me depressed =[

 

[Aussiejeff]

Yeah... good find Solly - I think us Aussies living in Nirvana-Land could do with a dose of reality from the REAL world every now and then.

This comment on photo #34 is pertinent to us too...

"Unused freight containers are seen piled up at storage depots near a residential area in northwest Hong Kong February 18, 2009. China's hopes for a speedy export recovery from the global crisis could be undermined by the weakest links in its powerful supply chain - [size=+1]smaller firms too damaged by the downturn and credit crisis to get goods to market.[/size]"

The OZ gummint is concentrating almost exclusively on bailing out BIG banks and business. To its peril.

IMO it is really the thousands of SMALL businesses that have gone to the wall, are in the process of going to the wall and who will go to the wall in coming months that will seriously hamper any OZ gummint response to the crisis.

This idea that we need to bailout big banks and business so they will pass on the benefit to small business is flawed. Big banks and businesses WORLDWIDE will only look to themselves. They WILL let too many small businesses sink. Has always been that way and won't change.

IMO

 

[doctorj]

Paris was hit by massive strikes today in protest of the government's handling of the French economy & ever growing unemployment. 1.2 million people joined the march on the streets of Paris.

 

[MrBurns]

Here's another -

 

[Aussiejeff]

Here's another -

There's nothing quite like a cheery, eRuddite smile and a wave to lift flagging spirits, eh?

 

[Calliope]

The effects of the recession on one small community. Wilmington Ohio.


http://www.cbsnews.com/video/watch/?id=4752321n

 

[Calliope]

This could happen again.


http://www.english.illinois.edu/maps/depression/photoessay.htm

 

[Naked shorts]

I flew from Sydney to Brisbane yesterday. Sitting about 5km off the coast of Newcastle is about 25 oil super tankers, just sitting there doing nothing.

You can see some of them on Google earth.