Tuesday, May 4, 2010


1. The recession is not yet over in the United Kingdom and the rest of Europe or in the United States. The British pound has devalued much against the Malaysian Ringgit and the Euro has come under strong attacks by the currency traders.

2. Not only are the businesses and banks being bailed out but whole countries (Greece and probably Spain) are being bailed out by the European Union. There seems to be no end to bailing out. They have completely forgotten what they told us in 1997-98.

3. The workers unions are still going on strike and the executives of failed banks and businesses are still demanding to be paid big bonuses. The public screams but there is nothing they can do about it as their money is used to bail out failed companies and banks.

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