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Thread: Scenes from the recession

  1. #1
    Senior Member xtemujin's Avatar
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    Arrow Scenes from the recession

    Scenes from the recession

    The state of our global economy: foreclosures, evictions, bankruptcies, layoffs, abandoned projects, and the people and industries caught in the middle. It can be difficult to capture financial pressures in photographs, but here a few recent glimpses into some of the places and lives affected by what some are calling the "Great Recession". (edit: After reading some comments about this on Boing Boing, I was able to track down the location of the newspaper boxes in photo #30. The boxes belong to the San Francisco Chronicle, who I called and confirmed that the boxes had been removed per city rules, not due to recession. The photo came across the wire with the caption below, the contextual error was mine.) (35 photos total)

    http://www.boston.com/bigpicture/200...recession.html

  2. #2

    Default Re: Scenes from the recession

    Interestingly, the IT show photos in Singapore are totally opposite.

  3. #3

    Default Re: Scenes from the recession

    They should see the IT show photos..........it's like IT Pasar Malam

  4. #4
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    Default Re: Scenes from the recession

    Quote Originally Posted by Harry Potter View Post
    Interestingly, the IT show photos in Singapore are totally opposite.
    Thats because most asians have savings, most americans don't have, they are pushed to spend......

    HS

  5. #5

    Default Re: Scenes from the recession

    Quote Originally Posted by hongsien View Post
    Thats because most asians have savings, most americans don't have, they are pushed to spend......

    HS
    Asians societies have more savings because the individual must take care of themselves and their families. In Western societies, the gov takes care of them. This is the biggest difference.

    Eg in the case of an individual who met a sudden accident while on his rest day. Many questions quickly comes to mind:
    1. who pay the medical bills?
    2. will he get paid during his days away from work.
    3. if he cant recover to 100% of his pre-accident physical & mental performance after discharge, will he still be employed. If he cant continue his employment, who will feed his family???

    As Asia develops, most Asian gov give more social protection.Consequently, the need to save at least 50 -70% is less pressing.

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