Friday, September 19, 2008

Economy Pain

I supposed many have wondering what makes me so busy lately till I do not have the time to spend on blogging. Well, apart from constructing budget for next year, I was also split into half to assist my younger brother’s wedding preparation.

Well, now that things are over, the party is over and the headache budget is over too… I should be spending more time in this, right?

There are many things happened lately, don’t you all agree with me?? Lehman Brothers, a financial service firm was founded in year 1850, and recently had filed for chapter 11. Hewlett-Packard had released a statement for headcount reduction for about 7.4% which is 24,600. A giant insurance company AIG is suffered a liquidity crisis following the downgrading of its credit rating, and rumour speculating that they will be giving out 80% of the stakes to the America Government.

Yet, looking back at our country, what is happening now?? A blogger and a Member of Parliment are detaining in Internal Security Act (ISA) camp, and last night another blogger was arrested in Kota Bahru. Opposition leader is claiming that he has 31 MPs in hand, requested for a smooth transition from the existing Government.

What else more will happen?? How many ever know if anything happens, what would happen to our country?? Economy is definitely hurt and harm, with how may percent down, I guess not many dare to think of it. Cuz, end of the day, the person that suffers from this pain will be all of us.

Now that Malaysia politics is under the limelight and people are looking at it like looking at a circus show. 2 leaders for the country from no where changing their portfolio, a party who wants to quit from the coalition party before, and decided to quit for good.

As a Malaysian, honestly I have the biggest fear of a country’s economy status. Cuz, once it hurts and it’s difficult to build up within a short period, not even that, and many will suffer, many will be jobless too. Once these indices escalated, crime rate will follow as well. Bottom line, what would people think? They can only think and blame for the Government for not doing their job.

I know it’s always a price to pay for certain that people wants… but not many people will know the price of it. It could cost a life time, it could cost a bomb to many people.

Oh, to add on to this… oil price was at its peak and now it has dropped to USD97, and even gold price is dropping too… I am just hoping the people will understand the implications of ‘Economy Crisis’.

4 comments:

Little Inbox said...

Still "ding ding dong dong"...Not much confident on what will happen yet. It just begins.

Coketai said...

HP announce headcount reduction, does it affecting Penang??

Tai

New Kid on the Blog said...

Hi Little Inbox, yes, you're right. This is only the begining.

Hi Coketai, no more HP in Penang. Even so, it's only sales office.

Coketai said...

Oh Ya! I remember they changed the name to Agilent Penang many year back!

LY.Tai