Dec 05 2008
Job Loss
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Archive for the 'Economy' Category
Oct 07 2008
Dow 10,000 Party
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Some guys in the office decided to celebrate the awesome speed at which the Dow Jones index is moving. Last year, when big contracts were being closed, we had fully catered lunches. Now we get ramen. |
Jul 21 2008
Hyperinflation in Zimbabwe
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Story here
Still speaking about the crisis in economy? Don’t worry, nothing in the USA is that bad yet! In Zimbabwe you can buy tomatoes on the market for 5 million dollars. Zimbabwe introduced a 100-billion-dollar banknote because of the extremely high inflation and the official inflation has gone over 2,200,000% a year, while some economists believe that real growth is even higher. Zimbabwe is in a desperate situation now with 80% unemployment and constantly rising inflation. At the beginning of March the exchange rate 20m for 1 US dollar, now it’s already 40m.
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