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No one can avoid from the buckets of bad economic news. The government is still working on stimulus package, whereas the rise of unemployment rate isn’t over yet. Today, the unemployed sector cuts through a very broad cross-section of the country. Since late 2007, some 8 million jobs have vanished, and the end is not yet in sight. The ranks of the unemployed have now swelled to nearly 16 million people. In the past, recessions have resulted primarily in blue-collar and low-level retail job losses, with white-collar layoffs accounting for only about 30 percent of total losses. By way of contrast, in the current downturn, nearly 50% of the vanished jobs have been managerial, professional, and skilled white-collar positions. Barring something truly unforeseeable, such as the creation of a whole new economy, we are likely to see an unprecedented recessionary shift toward permanent job losses.
12/11/2009 3:48 AMCongratulations for winning the game, again. The fireworks display symbolizes championship, likewise to Guy Fawkes Night. Remember, remember the 5th of November, the Gunpowder Treason and Plot – that’s right, it was just Guy Fawkes Night. November 5th was celebrated as Guy Fawkes Night ever since, commemorating the safety of the King, and many people put instant cash into fireworks or bonfires, though Catholic Emancipation took another couple hundred years. Granted, more people know about Guy Fawkes Night thanks to V for Vendetta, but that aside, it was celebrated far before the movie. To sum up – a group of wealthy English Catholics was tired of being discriminated against (for being Catholic) and hatched the Gunpowder Plot to blow up Parliament and the King. Authorities were tipped off, and they busted Guy Fawkes on November 5th, 1605.
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