Top industry leaders like Caterpillar, Philips, ING, Pfizer and General Motors are bleeding jobs!
(source : sg.news.yahoo.com/afp/20090126/tts-finance-economy-world-c1b2fc3.html)
After reading all these unpleasant news from the mass media, I wonder what should be done next.
Imagine a man lost his job. This means either he continues to survive on his usually limited savings or rely on various social benefits from the government until he gets a new job.
The prices of basic food such as milk, bread, rice, vegetables, meat etc have not gone down. The medical fees did not go down. The cost of living remains high despite we are in recession.
How are we going to balance this complicated equation?
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