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Welcome to the world section of Bad Economy. Here are articles of global interest including how the recession hits around the world. If you have anything to add, please jump in any time and add a comment at the end of each article.
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The Chinese Foreign Ministry and the Italian President Silvio Berlusconi today jointly announced today that China will be taking over ownership and control of Italy, in exchange for payment in full of Italy's deficit. The exact amount is not disclosed at this time, but is anticipated to be in the trillions of Euros.
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Sun May 22 2011 |
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Written by Security Watchdog
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| | Over one hundred security screeners were laid off at YVR airport due to budgetary constraints. This is just the tip of the iceberg, as many airports across North America are cutting costs and making difficult decisions. The impact of these cutbacks could be devastating to the security of air travel worldwide, not to mention the impact to the time needed to get through airport security prior to boarding your flight.
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Increasing amounts of nuclear radiation has made its way across the pacific towards North America, bringing slight increases in the background levels of radiation. It is now detectable in cow's milk and some vegetables such as broccoli, as far as six thousand miles from the disaster site. Another side effect has been the increased amount of rain on the west coast. This has lead to a positive economic impact for some businesses.
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Since our previous articles on the impact of the bad economy on the orbit of the moon, flooding and earthquakes, things have gone from bad to worse. These global disasters, caused by the economic collapse, are now causing more economic havoc in the world. We are on the brink of the abyss, armed with a lead life preserver to keep us afloat.
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Yet another casualty of the global economic downturn has come to light. Penguins are suffering on multiple fronts.
Penguins live in the southern hemisphere, especially in the Antarctic region, where jobs are already limited. A number of the government research bases, including the Amundsen-Scott South Pole Station, have had to cut back on hiring due to the economy, and have put various projects on hold. As a cute fuzzy creature in a tuxedo, it is hard enough to get a job, and now the jobs are getting fewer.
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One chilling discovery we at Bad Economy have recently found out, from those anonymously speaking off of the record, is that Ireland’s population of Leprechauns have recently been getting death threats ordering them to hand over their precious crocks of gold. Those willing to speak anonymously have said the threats came from those with an Elbonian accent.
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Recently this very publication was targeted by hackers from India, while at the same time North Korea started shelling South Korea during our reporter's visit to Seoul. Icelandic government is threatening to set off another volcanic eruption, if the EU does not forgive their loans. Coincidence? I think not.
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This winter will likely be one of the coldest ones in recent history, with extended cold spells, snow, and expanding ice flows. Scientists in our underground bunkers in the frozen North have been monitoring the worsening state of the bad economy and have identified that it is causing global cooling at a dramatic rate. Unless the economy improves dramatically within the next 12 to 24 months, we are likely to enter into a new ice age.
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Canadians & Americans declare war over taxes this month, as many Canadians are hit by higher taxes in the form of a new HST tax. Thousands of canucks flocked south through the border to the USA both to avoid the HST tax and to take advantage of their new tax exempt status. Unfortunately, they were met with mixed responses.
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Another fallout of the economic downturn, brought to you by our scientists in our underground bunkers in the frozen North. Zombies have been decimated by the current economic climate. It seems that these reanimated corpses are dependent on a good economy for their very existence. Zombie sightings are way down, all due to the unemployment and lack of funds to pay for burial expenses.
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Scientists in our underground bunkers in the frozen North have been monitoring the state of the economic downturn, and it's effect on the world. Some of these impacts can be directly seen, but others, such as changes in the infection rate of various diseases are difficult to identify without access to a high-speed super computer to sift through the huge amounts of economic and other data.
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Read more about cooties
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