by bratticus » Fri 21 Nov 2008, 08:53:46
The idea that World Peak Oil is just a US thing is so far off the mark.
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China warns jobs outlook 'grim' as economy slowsBy CHRISTOPHER BODEEN – November 20, 2008
Associated Press
BEIJING (AP) — Chinese officials warned Thursday that the country faces a "grim" employment outlook with demand for workers falling and job seekers in the cities outnumbering new jobs by two-to-one as the economy slows. ...
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Medvedev: Crisis Hitting Real EconomyMoscow Times» Issue 4034 » Business
19 November 2008
President Dmitry Medvedev said Tuesday that the global financial crisis has spread to the real economy and that the many sectors in need of state aid will get it.
"Today, it is clear that the crisis is spreading, unfortunately from the financial sector into the sectors of the real economy," Medvedev said, acknowledging for the first time that the crisis previously described as global is spreading into the heart of the Russian economy.
"Every industry is affected in its own way. It is impossible to say that one among them is sitting pretty and will not get state money," he said.
OK, maybe there are a few islands of prosperity left...
Nov. 21 (Bloomberg) -- Dubai defied the economic crisis last night as stars flocked to South African billionaire Sol Kerzner's Atlantis resort for a $20 million party that included the world's largest fireworks display dazzling enough to be seen from space and a performance by pop singer Kylie Minogue. ...