The BBC reports that the US state of California is facing a budget deficit from the property crisis and economic recession.
The governor, Arnold Schwarzenegger, has declared a 'fiscal emergency'. If politicians can't reach an agreement, California may have to stop paying welfare support to those in need.
How is your country dealing with the economic crisis? It is becoming harder to find a job?
7 comments on “Financial crisis in California”
well, most country in asean facing a tough time now. A lot of big company and public listed company also facing financial problem which getting worst from bad.
harder in getting jobs as more competitive among all employee and especially those fresh graduate.
Good blog!
i'm here to report that in my country is harder to get a job
Things are bound to get better by and by.
yes, we are hearing a lot about word "Recession". In USA, people are facing crises in the shape of losing jobs and other financial needs. Our country has also affected by this. But the question is what time will take to get out of this situation? Due to financial crises many people lose their jobs and are gettting frustrated. Many big companies are showing lesser profits and retrenched their employees. I think to control this recession, we should not be panic and start controling our daily FALTU expenses like FALTU shopping, invest your savings, leave show off life, Think positively, save petrol, diesel expenses as much as you can, live simple life…do not follow the rich neighbours/peoples.
By this little dos and donts we can safe ourselves from this crises. AND most important our freshers gradutes should have required addition qualification.
thanks i hope my views will make some difference.
In the global financial crisis, many people have lost their jobs or their salaries were cutted down.
It's horrible! But don't be dejected, we should belive it will be better gradually. I think the financial crisis is like the weather, when winter have gone, spring will come.
Ohh, i wanna go to America/England for further study and work together. Now every countries are affected by global financial crisis. I think i will harder to get a job.( If i don't get a job, I don't have enough money to afford myself ) What should i do to make it happen???
