From:  Hooligan
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On: 2008/07/08 05:41:22
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any sign of one near you?
my company, North West of England
2 programmers redundant, out of a company of 14 or so 'cos of poor revenues - both now got new jobs pretty quickly.
So it's a mixed picture.
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From: JOK
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On: 2008/07/08 05:59:30
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if you look at a small enough picture, yeah.
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From: sanstete
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On: 2008/07/08 06:27:00
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Food prices are getting out of control. Not a recession in itself but heading that way imho
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From: mac
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On: 2008/07/08 13:00:23
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business is slow, but it's always cyclical - i've been through several that have been worse. especially when i was programming full-time right after 9/11.
now, as programmer/production manager/quality manager, i got a good raise this year, but it's my first year at this company and it was already negotiated when i started, so we'll see how hard the next one will be to get.
some things are getting pricy; gas and food mostly, but that's inflation.
gas is $4/gal (€0.67/litre)
milk is about the same
bread (the good kind, not "white fluff") is $3.75 (€2.40) a loaf
ground beef (96%) is $5/lb (€7/kilo)
coffee ranges from $4/lb for crap (€6.35/kilo) to $12/lb for better grades (€19/kilo)
16 inch (0.4 meter) pizzas are about $9 (€5.75)
case of heineken $28 (€17.85) plus tax
white oxford work shirts are about $17 (€10.85) on sale
slacks are about $30 (€20) on sale
leather shoes $70 (€50) on sale
a 1,000 sq ft apartment (92.9 m2) goes for about $850 (€600)/month (rural pennsylvania).
of course that's variable in the same general area. the farther you are from a pig farm, well, there's more important things than money... like air!
the definition of a "Recession" is when YOU lose your job.
the definition of a "Depression" is when I lose MY job.
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From: Hooligan
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On: 2008/07/09 03:08:14
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We've got some big companies that have now lost 90% of their share value, the 90% and 99% club, as in the days of the dotcom crash.
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From: JOK
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On: 2008/07/09 04:27:22
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I've said it before, and I'll say it again: we're heading towards something much more serious than recession, depression and inflation.
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From: Hooligan
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On: 2008/07/14 04:07:38
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here's my controversial theory - the UK is now suffering from a vast amount of worker laziness caused by a long spell of lower unemployment and better employment opportunities. Middle management seems to involve the delegation of actual responsibility and the opportunity to do less than you did before getting into the coveted position. I'm not saying that there aren't hardworking people around or driven businessmen etc. But in general jobs that need hard graft are now being done by Eastern European immigrants.
The upshot of this theory is that there must be huge room for companies to slash jobs in the UK if they need to, could be interesting.
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From: sanstete
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On: 2008/07/14 04:14:35
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Hooligan. You're fired!
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From: JOK
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On: 2008/07/14 04:53:28
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I've out-sourced firing responsibilities, sansete. Sorry, your job is redundant.
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From: JOK
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On: 2008/07/16 04:12:39
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Bank failures in US. The economy is perfectly stable, btw, no need to panic. STAY CALM!!!!!
http://www.wxyz...00c9-c8c4-43d3-89ed-d81d318e5255
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From: sanstete
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On: 2008/07/16 04:19:54
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Every day on the radio or tv this is discussed and nearly always someone says this is a slowdown not a recession.
Sounds like "DON'T PANIC!!!!" to me.
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From: JOK
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On: 2008/07/16 09:39:48
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but not mostly harmless
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From: LukeW
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On: 2008/07/16 14:20:11
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My Company is desperate for programmers (ESRI GIS Shapefile manipulation etc, Web front ends)at the moment. We are outsourcing for £500 a day as we cant get a permanent for cheap enough lol (Got to love management, no we wont pay a 50k+ a year, I guess well have to outsource day rates), any of you guys into this GIS stuff?
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From: sanstete
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On: 2008/07/16 15:02:15
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I guess I can be :0)
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From: LukeW
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On: 2008/07/16 15:57:31
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Yeah they are looking for cheap programmers (30k a year max GBP) but these people just dont have the skills and CV they are also looking for.
So they have been getting agency programmers in for over the odds (Well maybe not you tell me :D) as our previous permanent programmers have both moved on due to lack of pay rises, they were after about 40k, and now we pay well over 100k or whatever 450 - 500 / day works out.
Unfortunately I have no skills in development yet so I hope to learn and get some pay rises :)
On topic - yeah not noticed the depression just yet except noone around here wants to sell there house as values have dropped around 5% in year (but they have risen like 40% in last 10!) which has screwed up everything, qand of course the £1.38 per litre diesel!! (like 2 dollars a litre I guess?)
South England
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From: Hooligan
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On: 2008/07/17 02:24:12
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my company's the same, I can't get further than £34k for 10yrs+ experience, but they took on much less experienced programmers on about 27K who just didn't add as much value. (in my opinion)
I told the bosses that they might not get adequate replacements if the experienced guys go, it's an easy life there to be honest though.
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From: Hooligan
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On: 2008/07/21 02:47:00
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What I don't understand is that everyone in the UK knew that houses were ludicrously overpriced, and now they are falling in price journalists are all running round with their knickers in a twist about it. But then I suppose it's an easy story to write, get paid 60K a year and spend time getting smashed in the pub, then write about 'binge drinking epedemic', so I do do understand it in a way.
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From: JOK
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On: 2008/07/22 14:29:58
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http://finance....wers-to-Questions-on-the-Economy
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From: JOK
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On: 2008/08/19 17:04:46
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http://news.yah...080819/bs_nm/usa_banks_crisis_dc
Large U.S. bank collapse ahead, says ex-IMF economist
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From: JOK
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On: 2008/08/26 13:30:28
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GOOD NEWS EVERYONE!!!!
http://news.yah...80826/ap_on_bi_ge/troubled_banks
No, wait, what is it when it's the opposite of good news?
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From: JOK
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On: 2008/09/15 01:50:26
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Everyhing is fine. Don't worry about your money...
http://money.cn...panies/lehman_brothers/index.htm
Lehman Bros - one of the nation's largest and oldest investment banks - files for bankruptcy.
http://news.yah...080915/ap_on_bi_ge/world_markets
Also, Merrill Lynch being sold to Bank of America.
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From: sanstete
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On: 2008/09/15 02:13:57
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I think when companies like Lehman's go under, that's a recession.
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From: mac
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On: 2008/09/16 10:02:05
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and AIG is swirling the drain....
batten down the hatches, we're in for a bumpy ride!!!
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From: Huntress
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On: 2008/09/16 10:18:45
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And now the Dow has dropped 500 points yesterday. Waiting for the ensuing crash.......
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From: JOK
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On: 2008/09/16 11:01:17
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HP lays off around 25000 people
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From: JOK
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On: 2008/09/17 00:27:32
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Federal bank insurance fund dwindling...
WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.
http://news.yah...ap_on_bi_ge/bank_deposits_safety
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From: Huntress
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On: 2008/09/17 13:09:48
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The Dow just closed, down another 450 points.
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From: mac
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On: 2008/09/17 14:02:21
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...losing all its gains since October 2005 (and all my retirement I've put in since then too)
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From: Huntress
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On: 2008/09/17 15:11:09
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It's not looking good for the longterm right now.
Note: It just went back up 400 and I feel like I'm watching a yo-yo competition. LOL
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