There is a Chinese saying – some say a curse that goes this way… may you live in interesting times. Now that got my head scratching, until I thought that some aspects in life that a Chinese person would want would have to be consistency, dependability and of course stability – so… being a diplomatic bunch, their polite way of saying ‘interesting times’ would downplay the ‘hopeful’ lack of these three… in other words, inconsistency, non-dependability (as opposed to independent) and yes… instability.
Well if there is anything that might describe how I’m feeling right now, it could very well be those three traits – no consistency as to where the next pay-check will be coming from, non-dependability of my current employ – I mean, they’re trying to stabilize a contract which they prematurely lost last December, and barring that, see if they can win a new contract, and I try not to worry, but yeah… you could describe my position right now as unstable (or a lack of stability). My family is not able to rely too much on me these days as opposed to… say… just a few months ago, and we did have a little lunchtime chat about it – bless the kids, they seem to understand that possible sacrifices may be necessary – until I get a new line of work.
Am I supposed to feel better knowing that I’m not alone? After all, the reasons could very well be traced back to the global financial crisis felt in the U.S., which affected many top banks and credit lines to top businesses… which has affected a lot of folks – some seeing their hard earned pensions wiped out… and I agree, they may well be worse of than me; or the person who’s been living heavily on credit and now sees their credit being yanked from under them… man that would hurt too.
But – not to sound insensitive, I don’t know these people, so I can’t really feel for them – my friends, and me… that I understand. Right now, we need to find ways to help each other out - after all, corny as it may sound, we're capable of doing more in a combined manner than just addressing things individually.
Who’s fault is this? How did this come to pass? Some would go far as to lay the current crisis on U.S.President Bush’s lap… him and his economic policies with little checks and balances... kanda simplistic an answer. See, they thought they had a good idea and trusted in the inherent goodness of everyone else not to abuse these easier to afford measures – specially in housing. Bush wanted his legacy to be a house for every American - so he wanted restrictions relaxed so the average joe would and could afford getting his very own house.
So what happened to make the bubble burst? Interests went high… possibly due to higher fossil fuel costs (but again, that's too simplistic an answer), then many middle class people just defaulted in their properties – unable to pay for the fees. Banks were left with illiquid assets… possibly lots of them. Since no one could buy, they couldn’t sell. So in this instance, innocent people got trapped into having to give up an investment they now could not afford - and their money is washed down the drain with the return of said property. Banks that should have known better than to allow for the risky credit had their hands tied 'for patriotic reasons'. Ouch...
Meanwhile other inappropriate practices were unearthed, people discovered the loss of many money on poor investments. Others had unknowingly invested on 'get rich quick' schemes… or should I call it scams? With some silver-tongued devil trying to get in and out real quick with all the money they got. Others misrepresented (i.e. hid) their losses, hoping it would just be kept under a rug of forgetfulness – only to have to confess to the losses, when discovery seemed inevitable. All these were happening - albeit, independently form each other - yet all seemed ready to burst at the same time.
Suddenly the U.S. financial system seemed to fall like a stack of cards… and a very tightly connected global economy got dragged along. End result? World-wide worry in an economic scale that would certainly make any economic saboteur proud – had this been sabotage, that is. I'm sure a lot of novelists will have a field day spinning all these into techno or mystery thrillers.
How did this affect me and a lot of my colleagues? Simple – our client, which happens to be a highly recognized Information and Communication Technology consulting company happened to see their top clients, suddenly panicking – pulling the plug on certain projects... ones they were preparing for by building up the necessary head count. Suddenly, less money was coming in.
Less profits were coming in, and all the while expenses were continuing - clearly, things needed to be plugged. Now, since we’re a training service oriented business – we just happened to be one of the easy-to-get –rid–of expense lines in their accounting books (ironic since this is the same company that came up with a study that came up with findings that training does has an average R.O.L. (return on learning) of 5:1 - meaning for every dollar spent on training, the returns average to about 5 times more than what was spent. I guess, they don’t bother listening to their own statistics when they are likewise in 'pull-the-plug on expenses' mode.
I just wonder, wehre does reality end and fearful speculation start? Because I feel that there are some negative - sometimes, near panicky reactions to this financial crisis. Anyway, regardless of what those ansers will turn out to be, here I am, wondering what to do next… but not wondering in a frozen manner, mind you.
I’ve still a few prospects to follow up. Maybe farm my updated CV to friends and relations, once again. See what may come up. Now, I can’t just wait for PrimaryEdge to resolve things... and while waiting, I intend to read and learn – better my current knowledge (and possibly skills), be more marketable – but mostly, somehow prioritize in marketing myself better.
Interesting times, indeed… but I’m not one to just wail “who moved my cheese”, I need to search for new cheese. I know that nothing will come out of worrying too much - so I won't even waste the energy.
This New Year may still prove to be prosperous… after all, we’ve got about 360 more days to do something about it... and Barbie isn't taking anything to chance either - she just got me a Chinese counter to an otherwise, lousy year - if Chinese astrology is to be believed, said counter ably countering any bad vibes that would somehoe find itself to me this coming Chinese new year.
Our band loses a mainstay.
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Have I already shared the fact that I joined the High School Alumni band as
a vocalist? If not, I first joined them during our 40th anniversary year.
We pe...
5 months ago






























