The world is getting crazy. Ever since last century, there have been problems one after another, starting from the first World War, then the Great Depression. Then the second World War. After that there were civil wars abundant. Communism became rampant, sweeping through various countries. Then superpowers trying to take over "weaker" powers. Then the breaking up of communism.
Come the twenty-first century, the era of technology and affluent societies, the first disaster was 911. Then the threat of terrorism all over. Now the world's economy is on the brink of collapsing, starting from increased inflation and the fluctuating prices of oil and food products. After the "nationalistic" takeover of Freddie and Fannie, now Lehman Brothers have filed for bankruptcy and Merrill Lynch was taken over by Bank of America.
The global financial giants are collapsing one after another. The state of affairs of AIG and Washington Mutual are in a mess. Wall Street is on the verge of crashing. Companies here are coming up with cost-saving measures (at least my company is, and that has created a bit of problems for some of us), and more and more tourists are stranded in various parts of the world due to the sudden folding of more and more British travel agencies.
If this goes on, it will be the "end of the world" as far as many people are concerned! Maybe we should all be expecting the worst in the event of another Great Depression!
Come the twenty-first century, the era of technology and affluent societies, the first disaster was 911. Then the threat of terrorism all over. Now the world's economy is on the brink of collapsing, starting from increased inflation and the fluctuating prices of oil and food products. After the "nationalistic" takeover of Freddie and Fannie, now Lehman Brothers have filed for bankruptcy and Merrill Lynch was taken over by Bank of America.
The global financial giants are collapsing one after another. The state of affairs of AIG and Washington Mutual are in a mess. Wall Street is on the verge of crashing. Companies here are coming up with cost-saving measures (at least my company is, and that has created a bit of problems for some of us), and more and more tourists are stranded in various parts of the world due to the sudden folding of more and more British travel agencies.
If this goes on, it will be the "end of the world" as far as many people are concerned! Maybe we should all be expecting the worst in the event of another Great Depression!
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