Global recession: How have you been affected?

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jakharanil

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How has your life changed in the last year?

In September it will be a year since the collapse of Wall Street giant Lehman Brothers - an event that highlighted the extent of the sub-prime mortgage crisis and sparked a collapse in share prices and investor confidence.

Many individual countries are now in recession and the world economy is flagging badly.

Wherever you are in the world, we want to hear how your life has changed.

Have you lost your job? Or have you had to cut back on your spending? Or maybe you have made other changes in your life. Whatever your experience is,,,

Thanks & Rgds

Anil Jakhar
Jaipur
jakhar.anilk@gmail.com
 
Bhai life to kuch khas change nahi hui.
Naukari sahi salamat hai per increment nahi hua aur kharche bhi kam nahi hue balki badh gaye.
 
akshaymalik84 said:
Bhai life to kuch khas change nahi hui.
Naukari sahi salamat hai per increment nahi hua aur kharche bhi kam nahi hue balki badh gaye.
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Naukari chalti rhe,,,,,,,,, ye hi bahut h,,,, Time will come be better,, increment, promotion,bonus\incentives bi aayeghe....
HOPE for BEST>>>>>>>>>>>
 
No raise this year, but mind you CEO's will somehow get their raises ... and they will make up for it next year by doubling their raises.
 
Recession...........

Jakhar sahab.....naukri me teh koi dikat nahi aayi.....arrr pisse bhi thik thak milan lag rahe sai.....par pachle ek saal me maine aapni life me sirf ek change notice kara sai....:)

Bhaisahab gharaala ne daal banani kam kar rakhi sai....jibbe e baat gaila saang randh de sai.....(daal mehangi si ho rahi sai)

maiine teh yo e asar laagya aapne upar recession ka, hafte me 6 din saag khana pade sai :D................
 
vjphoughat said:
Jakhar sahab.....naukri me teh koi dikat nahi aayi.....arrr pisse bhi thik thak milan lag rahe sai.....par pachle ek saal me maine aapni life me sirf ek change notice kara sai....:)

Bhaisahab gharaala ne daal banani kam kar rakhi sai....jibbe e baat gaila saang randh de sai.....(daal mehangi si ho rahi sai)

maiine teh yo e asar laagya aapne upar recession ka, hafte me 6 din saag khana pade sai :D................
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Haa..before 6 yrs. daal(moong) price 24 to 29 Rs/Kg, Before 6 months 45 to 50 Rs/Kg, Today 60 to 70 Rs/kg.....++++++++
Ab DAAL nhi galagi..............
 
pharma industry where i work is not so much impacted but still there is impact in terms of salary hike etc.
 
Bhai, apne upar to zabardast impact pada hai kyunki job investment banking mein hai. Woh bhi CDO business mein (haan wahi CDO jinki wajah se saare bank doob rahe hain). Pehle plan tha ki 5-6 saal thoda paisa bana ke des nikal lenge, kyunki bonus achha milta tha. Ab scene kaafi kam hai. Mere desk pe 8 round ho chuke hain firing ke pichhle 2 saal mein. To achievement to yahi hai ki naukri hai abhi tak ;).

The positive change is that work hours have reduced a lot. To around 10 on average. Earlier, it used to be 11-12 and at times 14. So now there is a lot of time for family life, going to gym, playing poker, etc.
 
kapil.dalal said:
Bhai, apne upar to zabardast impact pada hai kyunki job investment banking mein hai. Woh bhi CDO business mein (haan wahi CDO jinki wajah se saare bank doob rahe hain). Pehle plan tha ki 5-6 saal thoda paisa bana ke des nikal lenge, kyunki bonus achha milta tha. Ab scene kaafi kam hai. Mere desk pe 8 round ho chuke hain firing ke pichhle 2 saal mein. To achievement to yahi hai ki naukri hai abhi tak ;).

The positive change is that work hours have reduced a lot. To around 10 on average. Earlier, it used to be 11-12 and at times 14. So now there is a lot of time for family life, going to gym, playing poker, etc.
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naukri ki taraf se to kuch khaas khatra nazar nahin aaya..lekin jaisa ki baki members ne bataya increment/appraisal mann mutabik nahin hua...saath hi daal + subji bahut mehngi ho gaye hain..aur uske upar dukh ki baat yeh hai ki inki gunvatta bhi girti ja rahi hai...daalon aur sabjiyon ki poshtikta das saaal pehle ke muqable ab kafi kum hai...mehangai aur badti kimatoon ki vajah se daalon aur saubjiyon ke vikreta apna munafa barkarar rakhne ke liye galat tarike apna kar in padarthon ko bazar mein utar rahe hain...is karan se aam aadmi adhik kimat dekar bhi kam gunvatta ki maar jhel raha hai..

saath hi saath sarkar kah rahi hai ki mudrasphiti ki dar sunya se neeche hai aur apni baat ke samarthan mein aankde bhi de rahi hai...kintu bazar aur aam aadmi ki jheb kuch aur hi halat bayan kar rahi hai....

@kapil: any idea how do they measure inflation in England/Europe?? In india the data put forward is for the wholsesale price index(WPI) which can never portray the true picture....the CPI is also skewed but atleast it shows tht things are not tht rosy but its figures r generally not discussed..WPI hogs all the limelight
 
brainspeak said:
@kapil: any idea how do they measure inflation in England/Europe?? In india the data put forward is for the wholsesale price index(WPI) which can never portray the true picture....the CPI is also skewed but atleast it shows tht things are not tht rosy but its figures r generally not discussed..WPI hogs all the limelight
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In England, it is CPI. Most countries should be CPI. WPI doesn't reflect the final cost to the consumer.
 
Right Said Bro, when it comes to cost cutting employees at lower level will get the kicks most !

These CEOs take the highest salary sometimes more than their whole team and always get the hikes, perks bonuses n on.

So isn't it a good idea when it comes to cost cutting, their salary should be shed to half instead of poor employees who are having hard times to earn their bread n butter ?


Cheers!


sidchhikara said:
No raise this year, but mind you CEO's will somehow get their raises ... and they will make up for it next year by doubling their raises.
Click to expand...
 
kapil.dalal said:
Bhai, apne upar to zabardast impact pada hai kyunki job investment banking mein hai. Woh bhi CDO business mein (haan wahi CDO jinki wajah se saare bank doob rahe hain). Pehle plan tha ki 5-6 saal thoda paisa bana ke des nikal lenge, kyunki bonus achha milta tha. Ab scene kaafi kam hai. Mere desk pe 8 round ho chuke hain firing ke pichhle 2 saal mein. To achievement to yahi hai ki naukri hai abhi tak ;).

The positive change is that work hours have reduced a lot. To around 10 on average. Earlier, it used to be 11-12 and at times 14. So now there is a lot of time for family life, going to gym, playing poker, etc.
Click to expand...

CDO business........???
 
kapil.dalal said:
Yes, Collaterialized Debt Obligations.
http://en.wikipedia.org/wiki/Collateralized_debt_obligation
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bhaiyon now we know on whom to put the blame for all this economic chaos!!...no wonder where jats are involved such things are inevitable :P


on a more serious note, did not anyone forsee this ugly turn of situations?? i mean investment bankers + economists r pretty smart guys (including u of course kapil) could not they predict the things to come or were the warnings ignored (as has been generally said) ??
 
kapil.dalal said:
Bhai, apne upar to zabardast impact pada hai kyunki job investment banking mein hai. Woh bhi CDO business mein (haan wahi CDO jinki wajah se saare bank doob rahe hain). Pehle plan tha ki 5-6 saal thoda paisa bana ke des nikal lenge, kyunki bonus achha milta tha. Ab scene kaafi kam hai. Mere desk pe 8 round ho chuke hain firing ke pichhle 2 saal mein. To achievement to yahi hai ki naukri hai abhi tak ;).

The positive change is that work hours have reduced a lot. To around 10 on average. Earlier, it used to be 11-12 and at times 14. So now there is a lot of time for family life, going to gym, playing poker, etc.
Click to expand...


Last year was my first year :) Lots of expectations as anyone would have but there was no bonus :( haan Kapil ki baat sahi hai , naukri to bacha ke rakhi hai ! Kapil jitne maas scale pe to nahi hui thi hamre yaahan firing but 25 % axe hua tha :D main bach gaya !

2-3 saal bahar rehne ke program they but guess it has stretched now by an year.

Work hours mere to khair badh gaye hain , getting now in the thick of things so more repsonsibiltiies and less time , lets see how much i can tolerate :)
 
Naukri bachi rah gayi hai is recession me , bas yahi ek achievement hai... na koi hike na koi bonus... socha ki sarkari nokri me apply kar deta hoon, recession ka dar to ni rahega kam se kam , kuchh baat si ban jaye to... wahan bhi number ni aata, itne mehnge mehnge form bhi bhar diye.... salary badhi ni upar se form ka kharcha extra or ho gya....:(:(:(
 
brainspeak said:
bhaiyon now we know on whom to put the blame for all this economic chaos!!...no wonder where jats are involved such things are inevitable :P


on a more serious note, did not anyone forsee this ugly turn of situations?? i mean investment bankers + economists r pretty smart guys (including u of course kapil) could not they predict the things to come or were the warnings ignored (as has been generally said) ??
Click to expand...

Kuldeep, every man and his dog now claims that they predicted the crisis. To be honest, there were very few people who were ringing the alarm bells then. The consensus was that we had reached a time of continous growth. And no one listens to the minority in a rampant bull market. It is easy to be wise in hindsight. But I don't think even those ringing the alarm bells had figured out the extent of the problems. The general attitude was pretty much summed by ex-Citi CEO Chuck Prince's statement that when music is on, you got to get up and dance.
 
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