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The World's News - The hard facts about the the global economic arena

 
Free Trade is not trade. It is primarily about moving production from place to place anywhere in the world for the sake of cheaper labor. The value of workers and labor has been degraded and deflated. This represents trillions of dollars lost in the process

If I didn't know better I'd swear Australia is heading towards recession....

August 26th 2008 06:05
I was looking at the Sydney Morning Herald's business section online just now and glancing at the 'Breaking News' box this is what I saw:

Latest Breaking News


2:40PM Toll books FY08 loss of $695m

2:36PM AMEC CEO resigns after four yrs

1:59PM Air New Zealand profit falls 1%

1:50PM Suncorp cut staff

1:31PM AOFM offers $150m bonds at switch tender

1:09PM APA predict further growth

12:59PM RBA should give families a break: Fraser

12:46PM Prime TV's annual profit down

11:18AM B&B Infrastructure profit plummets 145%

Geez... that's a lot of bad news to occur in under two hours.

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Posted By: Mishpish - Category: No Category
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Comment by Cibbuano

August 27th 2008 02:41


Hunt Famous
Orble Post of the Day
Fat Cult
Techbreak
Fairfax is cutting 500 jobs, too. I think, yes, we're headed for recession...

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