OMG, you know the economy really sucks when an envelope plant has gotta close. The National Envelope plant in Austell will shut its doors the week before Christmas leaving 240 employees bah humbugging all the way to the unemployment line.
Tag Archives: recession
You know the end of the world is near when McDonalds open up a two lane drive-thru. Would you like fries with that? The new double lane will be opening in Telford, Shropshire, Kent and Edinburgh before being extended to all over the UK. Seems fast food has become the food of choice during the recession and the extra lane is necessary to deal with the massive increase in takers.
It seems the US economy isn’t the only one feeling the pain, several countries around the world have fallen into that nightmare known as RECESSION. Ireland was the first to go, followed closely by New Zealand. It is feared that Germany, Spain and Britain are next. So what actually is a recession ? Well Wiki reckons its “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” Oh crap, that sounds bad! So, I thought the Loon should keep a recession list score card so we can all follow the rapid decline of the world. Here goes …
Whoops, there goes Iceland into bankruptcy. Welcome Aboard the Recession Express UK! Hello Singapore, grab a seat. What took you so long USA? Not like you to be so goddamn tardy, considering you started this whole mess! Make room guys, Germany is here…Ciao Italy….mushi mushi Japan first recession in 7 years (did you break a mirror?). Move aside people, Spain is coming through. Oh boy their last recession was in 1993 (so they should be pretty use to it by now!).