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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Monday, December 8, 2008

Massive Lay-offs Begun 50000 - 100000 Losing Their Jobs

The storm is coming: a growth strategy for the country in perilous year
ABS CBN News, Philippines
What started out in the United States as an innocuous sounding name – subprime lending – has spread like a computer virus infecting the banks of the rich countries and then the banking system of the emerging markets. ... Of this number, 50000 to 100000 are losing their jobs NOW. ...


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