17 janeiro 2008

they keep talking


Financial markets kept falling this week as Citigroup announced massive losses on subprime loans and tech giant Intel reported lower than expected earnings. A recession is now taken for granted and the US government is already putting up a stimulus package which might include a new wave of tax cuts.

In Portugal the recession has been going on for years and it can now only get worse. And yet, what are they doing? They are talking, just talking, no action at all to counter the economic downturn. The Portuguese love talking and they keep talking, lately about airports, while at the same time they lose their jobs, their homes and their incomes.

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