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Re: 7.0 Earthquake - Christchurch area, New Zealand
Sep 7, 2010 4:24 PM
Posted in group:
[/quote]Yep, thats me And my wife back in 1970 - We have life membership to the Society we helped form.
That's great Norm. Are you a zoologist or some such close training related to wild life?
Are things getting better? This morning news was not very informative about aftershocks and how people are coping, there was more coverage of how employees should be paid and similar economic stuff.
It reminds me the recent world recession was a huge deceit on people at large:
First, they (CEOs and their kind, in the west) sent all work to China and India, simply because labor is cheap there and this naturally resulted in loss of jobs in the west; to compound this further, CEOs and investors continued to rake in the money and more losses meant close down of businesses.
By sharp contrast, there were almost three decades of bad economy in India, in the 50s 60s and 70s, with companies making huge losses , but the government legislated that workers cannot be thrown out. This meant many fine companies quietly made losses, with no dividends or minimal dividends to shareholders, with huge overdraft facilities from India's government banks(!!!), but workers remained, no job losses, but with very minimal pay rises and no bonus.
Then, in the late 80s and early 90s, the economy was opened up and socialism was scrapped, and the same companies were encouraged to have joint ventures with companies from the west; the latter saw the great benefit and India has not looked back.......and the very same companies that made continuous losses (with no termination of jobs!!) are today cash rich!
For example an Indian Parsee(thats me!!!) company, Godrej, that made refrigerators, typewriters, forke-lift trucks, soaps and detergents, since the early 40s, and had a quite modest profit over the years, teamed up with Sanyo of Japan to make world class refrigerators!