I live near an industrial shipping port in South AFrica and about mid February everything turned and started picking up momentum. Space in buildings is being taken up rapidly and production is improving again with more import and export taking place.I think I'm glad to report that things are returning to normal, but at a faster rate than people worked last year.Hope it continues.
Whats it like in your city.
In the nearest city to me more and more bars, hotels and places of entertainment are closing. I live near a European holiday resort, a place that was a mere sleepy fishing village until it became inundated with tourists searching for a cheap seaside holiday in the 70s.
The town rapidly expanded during the 70s and 80s to accommodate the influx of tourists with new building works becoming part of the landscape. Loads of locals got rich overnight by renting their apartments out to tourists, or selling their land to construction companies. Then they got greedy. Between them and incomers who put out their own money to buy rental accommodation, prices went through the roof, as did rentals.
Then the bubble burst and we are left with half finished building works, apartments, whole blocks of them, that are empty year round, people going out of business creating yet more empty accommodation, unemployment figures sky high, every government department chasing every debt through whatever means they can including house repossession,personal posesssion and bank acount sequestrations. High unemployment figures.
I'm not seeing any signs of recovey whatsoever.
However I am glad to hear that things are picking up in your part of the world
IMHO, people have to take lessons from China. Actually, they were those who always tried to pick up the best of others'. Nowadays, they prove to be the most economically agile in crisis time.
I wish I knew Dale. The local residents are all doing exactly the same things they were doing when the global slump kicked in. Still smiling too.
No closed business, no empty shops, cafés, restaurants. All looks just the way it did before.
"take lessons from China"
You mean like these:
http://www.hrw.org/en/news/2007/08/01/c … r-olympics
"China has a well-documented history of serious human rights abuses, including widespread torture, censorship of the media and internet, controls on religious freedom, and repression of ethnic minorities in Tibet and Xinjiang."
Red China... the land of the free?
Where people are told what they can do and how they can do it? Where the Government kills anyone that tries to speak up for what is right? Where medical care and jobs are allocated by the Government?
Where a very select few live in luxury while the rest toil for next to nothing.
Are these the people that we should "take lessons from"?
What's next... lessons from North Korea?
by ga anderson 6 years ago
I stole this from another thread, so the topic could be discussed without further hijacking the thread it was on. I hope that was OK.John, I am not putting forth criticisms for you to defend. I do not know enough about MMT to hold an intelligent conversation about it. I was merely pointing to...
by fishskinfreak2008 10 years ago
http://news.yahoo.com/s/nm/20100122/ts_nm/us_obama"Let me dispel this notion that we were somehow focused on that (healthcare) and so as a consequence not focused on the economy. First of all, all I think about is how are we going to create jobs in this area".Well, healthcare is indeed...
by ahorseback 3 years ago
However anybody who passed ONE math class knows the answer . Unless you took liberal arts flower design and clay pottery class instead ?-Housing sales ,prices up-Unemployment down-Job creation up-Corporate confidence up-Even Celebrities are staying here in America -Trump is still not...
by uncorrectedvision 8 years ago
What was my title? I thought about it and decided that Paul Krugman was the real point of this forum. I do know something about economics, politics and Paul Krugman. I know very little about the products of Summer's Eve. Krugman is a partisan, a warrior for one side and no...
by chaixkee 9 years ago
Is there really an economic crisis?
by uncorrectedvision 8 years ago
If not the most often touted, misunderstood piece of government disinformation is the unemployment rate. It does not represent those who are not employed or those who would rather be employed than unemployed. It barely and inaccurately represents the figure of jobs created in a...
Copyright © 2020 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
HubPages Inc, a part of Maven Inc.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|