Friday, November 21, 2008

Michigan in Crisis...what will come?

I feel a bit mixed sitting here in my office in Sweden, comfortable in my PhD position for some time while many are losing jobs, finding it hard to get jobs and Michigan is slowly falling apart.

It is not only Michigan losing, it is the world. Here in Sweden (mind you Sweden is not huge but similar to Michigan in geography and population) over 1000 a day are losing jobs and reporting unemployment. Michigan is worse off with the unemployment rate reaching 10% soon. To add to this, what is going on with the auto makers? What will this bailout plan do? Will they even get money?

1 comment:

Unknown said...

-Yeah, its quite disturbing.
Back home in Ghana, this ecnomic downslide has not yet reached the average man.
Hope it doesnt anyway.