[SD Transplant]

I’ve searched for Putin’s transcript from Davos, and he had a great speech (I’m not talking intentions – just the speech).

http://online.wsj.com/article/SB123317069332125243.html

A few paragraphs that caught my attention:

“The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.

However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.

There is a certain concept, called the perfect storm, which denotes a situation when Nature’s forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.

Responsible and knowledgeable people must prepare for it. Nevertheless, it always flares up unexpectedly.

The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.

In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.

I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy’s fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.

The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.

In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.

Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.”

[SD Transplant]

I’ve searched for Putin’s transcript from Davos, and he had a great speech (I’m not talking intentions – just the speech).

http://online.wsj.com/article/SB123317069332125243.html

A few paragraphs that caught my attention:

“The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.

However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.

There is a certain concept, called the perfect storm, which denotes a situation when Nature’s forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.

Responsible and knowledgeable people must prepare for it. Nevertheless, it always flares up unexpectedly.

The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.

In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.

I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy’s fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.

The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.

In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.

Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.”

[SD Transplant]

I’ve searched for Putin’s transcript from Davos, and he had a great speech (I’m not talking intentions – just the speech).

http://online.wsj.com/article/SB123317069332125243.html

A few paragraphs that caught my attention:

“The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.

However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.

There is a certain concept, called the perfect storm, which denotes a situation when Nature’s forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.

Responsible and knowledgeable people must prepare for it. Nevertheless, it always flares up unexpectedly.

The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.

In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.

I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy’s fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.

The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.

In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.

Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.”

[SD Transplant]

I’ve searched for Putin’s transcript from Davos, and he had a great speech (I’m not talking intentions – just the speech).

http://online.wsj.com/article/SB123317069332125243.html

A few paragraphs that caught my attention:

“The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.

However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.

There is a certain concept, called the perfect storm, which denotes a situation when Nature’s forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.

Responsible and knowledgeable people must prepare for it. Nevertheless, it always flares up unexpectedly.

The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.

In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.

I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy’s fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.

The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.

In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.

Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.”

[SD Transplant]

This is a big # any way you look at it:

Tyco Electronics Announces Additional 20,000 Job Cuts

The Pennsylvania-based electronic company announced this week they will cut an additional 20,000 positions worldwide.

Tyco Electronics, formerly partnered with Tyco International, plans to eliminate the jobs by the end of their fiscal year in September.

In December 2008, the company announced plans to cut 2,500 by the end of this month.

Mike Ratcliff, a spokesman for the company, says the initial cuts weren’t enough to make up for the decline of demand in their products.

Tyco would not release specific numbers of employees in the Triad that would be cut.

Ratcliff said the branches on Pegg Road, Burgess Road and Piedmont Triad Parkway in Greensboro would be experiencing layoffs today. He also said the Reidsville Road location in Winston-Salem would be impacted.

Tyco has 96,000 employees globally and 26,000 of them are in North and South America, Ratcliff said during a December phone interview.

The electronics company produces electronic components, wireless communication systems and telecommunication components.

North Carolina locations include several in Greensboro, Winston-Salem, Asheville and outside Charlotte.

[SD Transplant]

This is a big # any way you look at it:

Tyco Electronics Announces Additional 20,000 Job Cuts

The Pennsylvania-based electronic company announced this week they will cut an additional 20,000 positions worldwide.

Tyco Electronics, formerly partnered with Tyco International, plans to eliminate the jobs by the end of their fiscal year in September.

In December 2008, the company announced plans to cut 2,500 by the end of this month.

Mike Ratcliff, a spokesman for the company, says the initial cuts weren’t enough to make up for the decline of demand in their products.

Tyco would not release specific numbers of employees in the Triad that would be cut.

Ratcliff said the branches on Pegg Road, Burgess Road and Piedmont Triad Parkway in Greensboro would be experiencing layoffs today. He also said the Reidsville Road location in Winston-Salem would be impacted.

Tyco has 96,000 employees globally and 26,000 of them are in North and South America, Ratcliff said during a December phone interview.

The electronics company produces electronic components, wireless communication systems and telecommunication components.

North Carolina locations include several in Greensboro, Winston-Salem, Asheville and outside Charlotte.

[SD Transplant]

This is a big # any way you look at it:

Tyco Electronics Announces Additional 20,000 Job Cuts

The Pennsylvania-based electronic company announced this week they will cut an additional 20,000 positions worldwide.

Tyco Electronics, formerly partnered with Tyco International, plans to eliminate the jobs by the end of their fiscal year in September.

In December 2008, the company announced plans to cut 2,500 by the end of this month.

Mike Ratcliff, a spokesman for the company, says the initial cuts weren’t enough to make up for the decline of demand in their products.

Tyco would not release specific numbers of employees in the Triad that would be cut.

Ratcliff said the branches on Pegg Road, Burgess Road and Piedmont Triad Parkway in Greensboro would be experiencing layoffs today. He also said the Reidsville Road location in Winston-Salem would be impacted.

Tyco has 96,000 employees globally and 26,000 of them are in North and South America, Ratcliff said during a December phone interview.

The electronics company produces electronic components, wireless communication systems and telecommunication components.

North Carolina locations include several in Greensboro, Winston-Salem, Asheville and outside Charlotte.

[SD Transplant]

This is a big # any way you look at it:

Tyco Electronics Announces Additional 20,000 Job Cuts

The Pennsylvania-based electronic company announced this week they will cut an additional 20,000 positions worldwide.

Tyco Electronics, formerly partnered with Tyco International, plans to eliminate the jobs by the end of their fiscal year in September.

In December 2008, the company announced plans to cut 2,500 by the end of this month.

Mike Ratcliff, a spokesman for the company, says the initial cuts weren’t enough to make up for the decline of demand in their products.

Tyco would not release specific numbers of employees in the Triad that would be cut.

Ratcliff said the branches on Pegg Road, Burgess Road and Piedmont Triad Parkway in Greensboro would be experiencing layoffs today. He also said the Reidsville Road location in Winston-Salem would be impacted.

Tyco has 96,000 employees globally and 26,000 of them are in North and South America, Ratcliff said during a December phone interview.

The electronics company produces electronic components, wireless communication systems and telecommunication components.

North Carolina locations include several in Greensboro, Winston-Salem, Asheville and outside Charlotte.

[SD Transplant]

This is a big # any way you look at it:

Tyco Electronics Announces Additional 20,000 Job Cuts

The Pennsylvania-based electronic company announced this week they will cut an additional 20,000 positions worldwide.

Tyco Electronics, formerly partnered with Tyco International, plans to eliminate the jobs by the end of their fiscal year in September.

In December 2008, the company announced plans to cut 2,500 by the end of this month.

Mike Ratcliff, a spokesman for the company, says the initial cuts weren’t enough to make up for the decline of demand in their products.

Tyco would not release specific numbers of employees in the Triad that would be cut.

Ratcliff said the branches on Pegg Road, Burgess Road and Piedmont Triad Parkway in Greensboro would be experiencing layoffs today. He also said the Reidsville Road location in Winston-Salem would be impacted.

Tyco has 96,000 employees globally and 26,000 of them are in North and South America, Ratcliff said during a December phone interview.

The electronics company produces electronic components, wireless communication systems and telecommunication components.

North Carolina locations include several in Greensboro, Winston-Salem, Asheville and outside Charlotte.

[SD Transplant]

I purchased cars below Costco price……go to Edmunds.com & get a quote on-line (ONLY ON-LINE) of what you want to buy + your specs. Do not negotiate @ the dealer unless you know what you’re doing. Best, deal w/ the fleet manager….

[SD Transplant]

I purchased cars below Costco price……go to Edmunds.com & get a quote on-line (ONLY ON-LINE) of what you want to buy + your specs. Do not negotiate @ the dealer unless you know what you’re doing. Best, deal w/ the fleet manager….

[SD Transplant]

I purchased cars below Costco price……go to Edmunds.com & get a quote on-line (ONLY ON-LINE) of what you want to buy + your specs. Do not negotiate @ the dealer unless you know what you’re doing. Best, deal w/ the fleet manager….

[SD Transplant]

I purchased cars below Costco price……go to Edmunds.com & get a quote on-line (ONLY ON-LINE) of what you want to buy + your specs. Do not negotiate @ the dealer unless you know what you’re doing. Best, deal w/ the fleet manager….

[SD Transplant]

I purchased cars below Costco price……go to Edmunds.com & get a quote on-line (ONLY ON-LINE) of what you want to buy + your specs. Do not negotiate @ the dealer unless you know what you’re doing. Best, deal w/ the fleet manager….

[SD Transplant]

I second Allan’s information on social unrest across the Atlantic. I’ve been watching the EURO news and people are on the street. Reuters had a little something on it as well. The atmosphere is deteriorating faster than anyone has anticipated:

Here it goes:

Feb 26 (Reuters) – Thousands of Opel workers from around Germany took part in a mass rally on Thursday demanding parent General Motors (GM.N) scrap plans for plant closures in Europe.

The global financial and economic crisis has sparked many protests in parts of Europe. Here are some details:

* BOSNIA — Workers of Bosnia’s only alumina producer Birac protested on Feb. 9 in Banja Luka, demanding salary payments and government support to offset falling metal prices.

* BRITAIN — British workers held a series of protests at power plants, demonstrating against the employment of foreign contractors to work on critical energy sites.

— The protests follow a week-long dispute at the Total-owned Lindsey oil refinery in Lincolnshire, which resulted in Total agreeing to hire more British workers on the project. Workers voted to end the unofficial strike on Feb. 5.

* BULGARIA — Police officers, banned by law from striking, have held three “silent” protests since December to demand a 50 percent pay hike and better working conditions. Bulgaria, the poorest EU nation, has been hit by protests demanding the government take measures to shore up the economy.

— Farmers blocked the only Danube bridge link with Romania and rallied across Bulgaria on Feb. 4 demanding the government set a minimum protective price for milk and stop imports of cheap substitutes.

* FRANCE — President Nicolas Sarkozy faced criticism from both unions and bosses on Feb. 19 over new measures to tackle the economic crisis. Sarkozy offered an additional 2.65 billion euros ($3.4 billion) of social spending in an effort to quell labour unrest over a previous stimulus package that targeted investment rather than consumers. France’s eight union federations called for a day of action on March 19.

— Up to 2.5 million protesters took to the streets of France on Jan. 29 in a day of strikes and rallies to denounce the economic crisis but the strike failed to paralyse the country and support from private sector workers was limited.

— A union representative was killed last week and several policemen wounded by protesters on the French Caribbean island in violence over the cost of living. Guadeloupe, a region of France and part of the EU, has been brought to a standstill in February by a general strike over high prices for food.

* GERMANY — Thousands of Opel workers from around Germany took part in a mass rally at the company’s headquarters, demanding on Thursday that parent General Motors scrap plans for plant closures in Europe. Vice Chancellor Frank-Walter Steinmeier at the rally, added, “This is about more than just Opel. It’s about the future of the car industry in Germany.” * GREECE — Greek farmers protesting low product prices ended a two week blockade of a border crossing with Bulgaria on Feb. 7 when their demands for compensation were met. Greece had endured days of travel chaos with thousands of angry farmers setting roadblocks across the country, but most have ended after the government pledged 500 million euros ($640 million) in subsidies on products such as olive oil and wheat. — High youth unemployment was a main driver for rioting in Greece in December, initially sparked by the police shooting of a youth in an Athens neighbourhood. The protests forced a government reshuffle.

* ICELAND — Prime Minister Geir Haarde resigned on Jan. 26 after protests. The first leader in the world to fall as a direct result of the financial crisis, he was replaced by Johanna Sigurdardottir, who heads a new centre-left coalition.

* IRELAND — Nearly 100,000 people marched through Dublin on Feb. 21 to protest at government cutbacks in the face of a deepening recession and bailouts for the banks.

* LATVIA — A new Latvian prime minister was appointed on Thursday after the four-party ruling coalition collapsed on Feb. 20 and the president called for talks to forge a new government to tackle a deepening economic crisis. The government was the second to succumb to the financial crisis.

— Latvia’s agriculture minister had already gone on Feb. 3 amid protests by farmers over falling incomes. A 10,000-strong protest on Jan. 13 descended into a riot. Government steps to cut wages, as part of an austerity plan to win international aid, have angered people.

* LITHUANIA — Police fired teargas lon Jan. 16 to disperse demonstrators who pelted parliament with stones in protest at cuts in social spending. Police said 80 people were detained and 20 injured. Prime Minister Andrius Kubilius said the violence would not stop an austerity plan.

* MONTENEGRO — In Podgorica, aluminium workers demanded on Feb. 9 to be paid their salaries and an immediate restart of suspended production at the Kombinat Aluminijuma Podgorica (KAP), a Russian-owned plant.

* RUSSIA — Hundreds of angry communists rallied in Moscow on Feb. 23 in protest at the Kremlin’s handling of the crisis that has rocked the Russian economy, the latest in a series of demonstrations held across Russia as the economic crisis bites.

— The opposition rallied about 350 people in central Moscow two days earlier to demand early presidential elections.

— On Jan. 31, thousands of opposition supporters rallied in Moscow and the port of Vladivostok over hardships caused by the financial crisis. The next day hundreds of Moscow demonstrators called for Russia’s leaders to resign.

* UKRAINE – Hundreds of Ukrainians protested at separate demonstrations on Feb. 23, with some urging President Viktor Yushchenko to quit while others demanded their money back from banks hit by the financial crisis.

[Author]

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