With all of the world's countries big and small, developed or post-war weathering the global economy turmoil, none of the countries can say they were unaffected by the inevitable. Businesses nowadays do not fight for the bigger size of profit. They were simply fighting to stay alive. Where once it touted as sure-windfall to strike a deal with the Government, perhaps it is not now.
Never would anyone imagine reading the headline that says "Iceland Goes Bankrupt".
California too, is at the brink of a financial meltdown with the State issuing mass IOUs to businesses who maintain contracts with the state of California. There is some kind of irony that the once sure-getter will not be paying businesses in monetary terms, but issue papers instead to buy time for recovery. As for us, we are not really affected by the global meltdown. Or so we think. Either that or we we clearly have been disillusioned by the media cover up and still think "It's not THAT bad".
However it's not all gloom. We welcome another California. No, not another state in the United States, but this California:
Ferarri California
In a twist of irony, the same name tells a very different story.
Never would anyone imagine reading the headline that says "Iceland Goes Bankrupt".
California too, is at the brink of a financial meltdown with the State issuing mass IOUs to businesses who maintain contracts with the state of California. There is some kind of irony that the once sure-getter will not be paying businesses in monetary terms, but issue papers instead to buy time for recovery. As for us, we are not really affected by the global meltdown. Or so we think. Either that or we we clearly have been disillusioned by the media cover up and still think "It's not THAT bad".
However it's not all gloom. We welcome another California. No, not another state in the United States, but this California:
Ferarri CaliforniaIn a twist of irony, the same name tells a very different story.
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