Detroit has been hit harder than most US regions as the economic crisis deepens and threatens the Michigan car making industry. But Eminem is offering hope to those fearing the worst in the form of a hard-hitting new public service announcement.
Rapper Eminem has paid a musical tribute to his native city Detroit that has been hit hard by recession.
“Detroit. There is a resilience that rises from somewhere deep in your streets. You can’t define it but you can feel it; you can feel it overflowing from the people who call you home. Your name still carries with it the idea of a nation built on steel, muscle and sweat. You became the city that carried a country,” reads the song.
“When you hurt we hurt. Your streets witness our struggle. We remain Detroit. My home, the home of Motown, Cadillac and Joe Louis. You’ve built us, you’ve moved us, you’ve shaped us.”
Hi all…..!!!!!!!!!!!
Everyone is eyeing for United States of America for this recent economy meltdown. US are hit by various bankrupts and scandals. Now the initial claims for unemployment benefits in the US soared to 6, 69,000 for the week ended March 28, reportedly the highest in 26 years, as recession continued to grip the world’s largest economy. It is reportedly the highest figure since October 1982. So we don’t know when US will back to his normal position. I believe US President Barack Obama will make some efforts to bring back US to normal Situation.
In addition to this, the four-week moving average was 6, 56,750, an increase of 6,500 from the previous week’s revised average of 6, 50,250. According to the official statement given by US, the advance seasonally adjusted insured unemployment rate was 4.3 per cent for the week ending March 21.With the recession deepening, the American economy has shed millions of jobs as firms are reducing their headcounts to reduce costs.
Each and every family in our environment wants his children to do his MS or MBA in any of the foreign countries like US, UK or Australia to earn in dollars but now recession has changed everything. Now its very difficult for students who pursuing his Masters Degree or MBA from abroad and they are in a very critical situation to face their life.
Moreover, with no promise of a job back home in India, these students are feeling stranded. Now the unemployment rate in UK is very much high compared over other nations such as Slovenia, Romania, Malta, Holland, the Czech Republic, Bulgaria, Austria or Cyprus in the world. It’s creeping towards 2million mark, which is the highest rate in last 10 years in UK. Also it’s whopping that nearly 1.92 million people were jobless at the end of the period and it’s expected that it will cross the mark of more than 3 million before this year.
In addition to this, Sainbury’s, the departmental store going to lay off 200 jobs under restructuring plans, TT electronics hinted it may slash 700 posts, Wireless equipment manufacturer LM Ericsson said it is shedding 5,000 worldwide and Conveyancing firm Hammonds Support Systems, based in Bradford, is cutting 200 jobs.
Hi all…..!!!!!!!!!!!
What you are understanding from the above picture ????? It’s none other than the problem now the whole facing because of drop in Stock Markets in US and in various countries. This is generally named as Recession. It means temporary drop in Jobs during economic slow down.
Ya, right- we are in this situation only. No way to escape from this recession.Even if you are from USA or from any part of the world, we are supposed to cross this period. Now the condition in US is very worst as like as compared over the period of Roosevelt during World War II. Because everyday US sending out as many people from their concern in the name of Recession. Also due to its consequences, developing countries like India, China also suffered very much. One in tenth is getting job in India in a IT field or in their prospective field.
Due t this the financial meltdown, unemployment rate is went to very high peak compared over last 2-5 decades. So we donno when this problem will set over, But hope for the best…!!!!!!!!
Hi friends…….!!!!!!!!!!!!!
May i know what is the future for the 1,00,000 Engineers in the IT industry. I saw that there is a sever hike in job prospects for IT field for the past three years but now the situation is completely reversed. No jobs at in this field due to recession in US and the various issues in Stock Market. I donno when this problem will set over but many experts told that it will take a minimum of two years to set back yo its normal position.
Due to this recession problem not only engineers suffered , there is problem in each and every field of this world. US is giving bailout for several companies. I think if hey give bailouts continuously means at last one day, there will be nothing in the USA treasury and we all gonna suffer for this. SO 2008 is the worst time period for all folks in this world due to the financial meltdown and its consequences.
