Given a lot of the world is still in recession* have any businesses, that you personal dealing with, gone bankrupt/bust on you ?
Oddly its taken until this weekend for a company that I'm a customer of to go down and its pretty trivial, the dvd postal rental company I use. The website has been down for several days, lots of people on the web talking of appalling recent and uncontactable by mail,phone or email.
Just so long as they didn't swip a load of credit of my CC card before they went under. <_<
I can't think this will be the last, especially as U/E and insolvencies are likely to lag behind a 'recovery' ?
So have been inconvenienced yet, had a service interupted because of the economic crisis ?
And how does that compare with your experience during the last one ?
:lol: Great thread title, Mongers.
The company I work for filed Chapter 11 in November but seem like they are going to pull through, other than that nothing I am aware of.
I used to work in the Lighting Industry.
Several companies we dealt with went bust in the last eighteen months that I was there.
Then the company I worked for went in to liquidation, mainly due to an appalling cash flow problem.
So yes, I have had some experience of companies I have dealt with, with people I know, going bust in this recession.
Unfortunately, I cannot compare it with the last one as I hid in University during it.
Quote from: Armyknife on September 27, 2009, 04:50:21 PM
Given a lot of the world is still in recession* have any businesses, that you personal dealing with, gone bankrupt/bust on you ?
Oddly its taken until this weekend for a company that I'm a customer of to go down and its pretty trivial, the dvd postal rental company I use. The website has been down for several days, lots of people on the web talking of appalling recent and uncontactable by mail,phone or email.
Just so long as they didn't swip a load of credit of my CC card before they went under. <_<
I can't think this will be the last, especially as U/E and insolvencies are likely to lag behind a 'recovery' ?
So have been inconvenienced yet, had a service interupted because of the economic crisis ?
And how does that compare with your experience during the last one ?
Quoted for conservation purposes.
Why bother? Is it really worth it to reflect back on Mongers' silly scribblings?
My building society went under and was taken over and it hasn't affected me one jott. Apparently it'll be changing its name in November (IIRC) but my old book still remains valid for ever- they'll only change it to the new company's branding whenever I go in.
And of course the horrid exchange rate is really killing me.
We're supposed to be on the road to recovery now but in the past few weeks the exchange rate has dropped to the bottom end of 11- 12 is the usual and it goes up to 13 on occasion, anything under 12 is normally horrid.
My favorite taco place went under. Since tacos are the only thing my kind can eat, I'm slowly starving to death. :(
[/ derspiess]
Quote from: Jaron on September 28, 2009, 07:15:43 AM
My favorite taco place went under. Since tacos are the only thing my kind can eat, I'm slowly starving to death. :(
[/ derspiess]
I thought it was Tortillas.
Tamales :mmm:
Damn you all. I want Mexican food now.
Sigh..
Fine.
*mortar and pestle*
Quote from: Jaron on September 28, 2009, 07:19:13 AM
Sigh..
Fine.
*mortar and pestle*
:lol:
Question: Does little Jarenko ever sleep anymore? :huh:
Are you referring to me or something else? :unsure:
If you are asking about me, no, I don't get much sleep these days.
Quote from: Jaron on September 28, 2009, 07:29:33 AM
Are you referring to me or something else? :unsure:
If you are asking about me, no, I don't get much sleep these days.
Yeah, I noticed you were posting around 6am my time. :huh:
Even if you're unemployed I think it's important to stick to a normal sleep-wake schedule, unless you have no hope/desire of ever extracting yourself from that situation. :)
Got made redundant because the B2B magazine I was working for hit a severe cash-flow crisis, as no-one was taking out ads, especially for engineering jobs, which was previously the main source of income.
Quote from: Tyr on September 28, 2009, 07:13:49 AM
My building society went under and was taken over and it hasn't affected me one jott. Apparently it'll be changing its name in November (IIRC) but my old book still remains valid for ever- they'll only change it to the new company's branding whenever I go in.
And of course the horrid exchange rate is really killing me.
We're supposed to be on the road to recovery now but in the past few weeks the exchange rate has dropped to the bottom end of 11- 12 is the usual and it goes up to 13 on occasion, anything under 12 is normally horrid.
The exchange rate is a huge success and will result in an improved balance of payments and mitigate the fall in work for UK businesses. It also makes the dreaded deflation far less likely. I'm surprised that the UK hasn't taken more stick for the beggar my neighbour approach it is taking to sterling.
Blockbuster and other mega chain DVD rental places are dropping like flies. This doesn't affect our Niche DVD rentals in the least. I'd say overall our business is down from last year, but that was the end of our peaking from being the new store on the block. Hunky Dory in that area.
as far as things I do on the side. Writing, film... the arts are being destroyed by Canadian Politicians. They don't see the need for any artistic legacy. We already have the Beachcombers, and Mordecai Richler.
The company I am working for is not doing well. It burned billions in the first half of the year and sold off stock at ruinous prices to keep the cashflow positive. All salaries were cut (at least until mid next year). But they didn't go bust.
Other than that I can't think of a business that I personally had anything to do with that went bust.
Quote from: Richard Hakluyt on September 28, 2009, 11:10:16 AMThe exchange rate is a huge success and will result in an improved balance of payments and mitigate the fall in work for UK businesses. It also makes the dreaded deflation far less likely. I'm surprised that the UK hasn't taken more stick for the beggar my neighbour approach it is taking to sterling.
I am not quite sure I fully understand all of this, but doesn't the UK's still massive trade and current account deficit just mean that the imports that British rely on are much dearer to them now. Did the exports notably increase because of the cheaper pound?
@Zanza - British exports have fallen far less than British imports, the latest estimates for the current-account balance for 2009 are given as -1.8% of GDP in this week's Economist. Down from 3 or 4% a year back IIRC. So, not such a huge deficit, I think there is still an improving trend as well. But you are right of course, we are importing far less because those products now seem rather expensive.
Quote from: Richard Hakluyt on September 28, 2009, 11:10:16 AM
The exchange rate is a huge success and will result in an improved balance of payments and mitigate the fall in work for UK businesses. It also makes the dreaded deflation far less likely. I'm surprised that the UK hasn't taken more stick for the beggar my neighbour approach it is taking to sterling.
I've heard this. Still sucks for me personally though and I'm all that matters :p
Apparently quite a few countries have been doing the same as us- Sweden too was devaluing its currency a bit, keeping pace with us mostly for the past few months. These past weeks though we seem to have gone too far and they aren't following.
Quote from: Armyknife on September 27, 2009, 04:50:21 PM
So have been inconvenienced yet, had a service interupted because of the economic crisis ?
Not really.
Why has AR not complained about this thread title yet?
Quote from: Ideologue on September 28, 2009, 06:00:01 PM
Why has AR not complained about this thread title yet?
I have no problem with this thread title. :huh:
Quote from: Caliga on September 28, 2009, 07:35:25 AM
Quote from: Jaron on September 28, 2009, 07:29:33 AM
Are you referring to me or something else? :unsure:
If you are asking about me, no, I don't get much sleep these days.
Yeah, I noticed you were posting around 6am my time. :huh:
Even if you're unemployed I think it's important to stick to a normal sleep-wake schedule, unless you have no hope/desire of ever extracting yourself from that situation. :)
I'm trying my brah but I lie in my bed at night and sleep doesn't come. Or if it does, I only sleep for two hours then I wake up and can't fall asleep again. Maybe I need to start hitting the gym again, or taking sleeping aids. As long as I don't Heath Ledger out, I guess.. :P
Perhaps you should try alcohol. -_-
Quote from: Caliga on September 28, 2009, 06:20:40 PM
Perhaps you should try alcohol. -_-
Any recommendation?
Quote from: alfred russel on September 28, 2009, 06:15:50 PM
Quote from: Ideologue on September 28, 2009, 06:00:01 PM
Why has AR not complained about this thread title yet?
I have no problem with this thread title. :huh:
Just a joke. Didn't you a few weeks back (basically reasonably) ask that people refrain from thread titles like "Fuck fuckity fuck fuck fuck"? :unsure: