romanzy

Yahoo: Can We Please Have Jerry Back?

Who the hell brought up Carol Bartz to lead Yahoo? My 1st instinctive thought was: "Gosh, that can't be true"! Autodesk is like IBM in the old (bad) days. Look at her! She looks IBM. She is an opportunist, willing to cash as quickly as possible, nothing else. Vision? Strategy? Blaaaah! Just unbelievable that they gave her that position. She will destroy Yahoo, you'll see. Of course Microsoft wants that to happen. Maybe she is just a Microsoft puppy.

Potential Eastern European Economic Collapse Worries Me

Since Romania became a member of the EU, Romania’s low wages and freedom of movement through Europe have been fueling a wave of emigration that threatens to slow an economic boom in recent years.

The nation of 21.6 million with monthly wages averaging around 260 Euros after taxes saw 8 percent of the population or roughly two million people leaving since the Stalinist government of President Nicolae V. Ceausescu fell in 1989, according to analysts’ estimates. Italy and Spain are the most popular destinations for Romanian workers, where they usually perform manual labor, legally and illegally, and generally for lower wages than local people.

The population of Romania is projected to fall by 29 percent, below 15.5 million, by 2050, according to the Population Reference Bureau in Washington (www.prb.org/). Villages and towns outside Bucharest have been hit especially hard. An employment agency suggested that wages would need to reach levels about three-quarters of those in the West for Romanian workers to return.

On May 07 08:04 PM samba wrote:

> Yes i agree with milkguy, media analysis of eastern europe is very
> distorted, firstly eastern europe can in noone be looked at as a
> group, countries such as latvia and hungary have large problems,
> with an indebted population and a housing bust, however these are
> small countries with small populations
>
> This is not the case of poland and czech who have much larger populations,
> poland has a housing shortage, with extortionate rents and most 20/30
> years olds still living with their parents, its external debt is
> 225bil dollars (60bil is short term), data from www.nbp.pl/Homen.aspx?....
> Thats only 1500dollars per person
>
> Czech republic has a very low cds rate (equal to china's as quoted
> by seeking alphas tyler durden) and an external debt of around 40bil
> dollars, again very small
>
> somewhere in between these two extremes are the other countries,
> in my opinion, romania presents the biggest problem, as it had a
> large property boom (and subsequent bust), aswell as a large population,
> if anyone can provide accurate info on this country, it might shed
> more light on the bigger eastern european picture

Potential Eastern European Economic Collapse Worries Me

Real-estate prices are exceptional high in Eastern Europe. New developed apartments in a small capital city like Bratislava have square meter (=11 sq.ft) prices of minimum 4.500 € ($6.050), and this after recent price adjustments (down from 5.500 €). This is the same issue in Warsaw, Prague, Bucharest... Such prices are 50-60% higher than what you pay -for example- in the capital of Europe, Brussels, while salaries are 50-60% lower in Eastern Europe. I believe that a serious correction is going to happen in Eastern Europe soon, very soon. The unacceptable high real estate prices caused already a huge economical problem in the Baltic States (Latvia, Estonia & Lithuania). Watch out!!!