Become a "Wheelie Bin Snoop" for job security ??
Henry Paulson's ploy may not stop credit crunch spreading
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The next question is, will it be enough? Frankly, the odds are not good. There are plenty of signs that the credit crunch has spread out of finance into the real economy. Another 159,000 off US non-farm payrolls in September is just one. If corporations, encouraged to take on too much debt in good times by those same banks, now find their access to credit limited, they will seek to reduce borrowings, delay investment and lay off workers. Those workers, and everyone else worried about their jobs and houses, will stop spending.
Those corporations see falling sales, whether of consumer goods or of their components – note the abrupt fall-off in demand reported this week by Wolfson, which makes chips for iPhones, for example – and lay off more workers. Meanwhile, more entrepreneurial smaller firms, which have traditionally provided ....
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Among the survivors, of course, like cockroaches in a nuclear winter, will be many of Gordon Brown’s 600,000 or more workers taken on to the public payroll over the past decade, along with their copper-bottomed pensions. A world inherited by diversity inspectors and wheelie bin snoops. Dear God.
http://business.timesonline.co.uk/tol/business/columnists/ar...
I guess I better start training for that "wheelie bin snoop" job... lol




















