tagged w/ Credit Crunch
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Architect Richard Horden has designed a village of seven tiny, prefabricated homes, called "m-ch" (micro-compact home), for students at the University of Munich, the Guardian reports.
And now the homes are now heading to the UK - the Irwell Valley Housing Association is building six in Manchester to provide temporary accommodation for key workers, and a private client in London has made a planning application to build one on their land. And one is about to go on show at the Museum of Modern Art in New York, as part of an exhibition on contemporary living.
Each m-ch is just 2.6m sq - the size of an average living room - but has two pull-down beds, toilet (with pull-across screen), shower, table with seating for four, bookshelves and a kitchen area with sink, two-ring cooking hob, microwave, fridge, freezer and cupboards.
The homes are energy efficient, too. "Our aim is to be carbon neutral, using solar panels," says Horden, a partner at UK practice Horden Cherry Lee architects. "With all the fixed lights on, you are using the same energy as a single 80w bulb."
Each unit costs around £26,000.
As the credit crunch hits, could this be a solution for young people without the capital to buy their own standard-size home? Could live in a mirco-compact home like this? And if so, where the bloody hell would you put it?
Architect Richard Horden has designed a village of seven tiny, prefabricated homes,... more
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If reports are to be believed, divorces and career breaks are both being put on the backburner as a result of the credit crunch. According to one law firm, separating couples are being forced to stay living together because the housing market slowdown is making it impossible for them to sell up.
And with mortgage providers tightening their lending criteria it is becoming increasingly difficult for partners to buy each other out of their properties.
Meanwhile, a story in the Times suggests mothers who had planned to stay home to look after their children are returning to work as the rising cost of raising a family begins to bite.
Are you changing your relationship or career plans because of changes in the economy? Have you ever made decisions about being with (or without) your partner because of money? Go on, own up...
If reports are to be believed, divorces and career breaks are both being put on the... more
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The News of The World paid a dominatrix only half of the £25,000 they offered her to make a secret film of Max Mosley's sex session because of the credit crunch, the Times reports.
So it seems that sex still sells... just for a little less than before.
Has the so-called credit crunch affected your pocket yet? Or your career in the sex industry perhaps?
The News of The World paid a dominatrix only half of the £25,000 they offered... more
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A survey of more than 5000 UK businesses has led to the conclusion that Britain is at the very edge of a recession. Businesses across the countries have been reporting a "alarming" declines in orders, increases in job cuts, and less investment, which all points towards the word that analysts have tried to avoid using.
David Frost, head of the British Chambers of Commerce, said: "These results show a real risk of recession in the coming months. This is deeply worrying, not just for business, but for the consumer too, with both manufacturing and services reporting negative results. The temptation for the government will be to raise business taxes in the next pre-budget report because the exchequer is running out of money. This would be a catastrophe."
The news of the report seems to have spooked the markets, with the London stock exchange losing 154 points just in the morning. David Kern, an economic adviser to the BCC said the survey shows a "menacing deterioration" in UK prospects. "The outlook is grim, and we believe that the correction period is likely to be longer and nastier than anticipated."
Looks like we could be in for a rough ride, do you think the public are fully clued up on the potential scale of the economic meltdown?
http://www.guardian.co.uk/business/2008/jul/08/marketturmoil.creditcrunch1A survey of more than 5000 UK businesses has led to the conclusion that Britain is at... more
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At only $79 for 275 servings of food this is a sure fired recession winner. Get them now, while stocks are still in good supply!
"Delicious and Easy to Prepare. Each bucket contains 275 servings of Pre-mixed and Pre-seasoned 100 % Vegetarian and Vitamin Fortified food for you and your family. With a 20 year long shelf life, this kit is perfect for the preparation of natural disasters such as hurricane, tornado, earthquakes or even a camping/hunting trip."
Notice how it doesn't give a detailed description, it just calls it "food"...
At only $79 for 275 servings of food this is a sure fired recession winner. Get them... more
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That's according to a study done by Ernest and Young, who even added to their end of the study that increases in fuel bills mean "the worst could be yet to come".
Check the link for stats and figures that will leave you shaking in your cheap boots.That's according to a study done by Ernest and Young, who even added to their end... more
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Dan Glaister reports in the UK paper The Guardian that homeless people living in cars and motorhomes across the US are being joined by a new breed: the middle class.
As mortgage foreclosures continue to rise, growing numbers of middle-class professionals are losing their homes and downsizing from four bedrooms to four wheels.
Meanwhile the war in Iraq alone costs $4,681 per household, $1,721 per person, $341.4 million per day.Dan Glaister reports in the UK paper The Guardian that homeless people living in cars... more
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Credit crunch? Who cares! At least we have big boobies! Apparently demand for cosmetic surgery is up 35% since last year. Tummy tucks, liposuction, eye lifts, botox... so what if we're too broke to travel somewhere nice for holiday. We'll just look hot at home.
Credit crunch? Who cares! At least we have big boobies! Apparently demand for cosmetic... more
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"Cambridge researchers pinned down 17 male City of London stock traders twice a day to take saliva samples and measure their hormone levels. More testosterone was found to be both a cause and an effect of greater risk taking. In the short term, more testosterone meant greater profits, but over the long term elevated levels of the hormone will lead to excessive risk-taking and financial losses.""Cambridge researchers pinned down 17 male City of London stock traders twice a... more
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sajh
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added this
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4 years ago
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London pubs are reportedly closing at the rate of one almost every other day - 78 of London's 3,879 urban pubs closed in the last six months of 2007.
The crdit crunch, rising costs and the smoking ban have all been blamed. In the six months after the smoking ban was introduced, pub group JD Wetherspoon's profits dropped 13% to £28.5m.
I suppose it doesn't matter, the government has won against the smokers, next they're coming after the drinkers. Then meat eaters. Then people who like condiments. Repeat until we're all eating green paste and not leaving the house.London pubs are reportedly closing at the rate of one almost every other day - 78 of... more
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Wow thats allot of cash... I could have bought Jaguar from Ford and still had money to buy some good guitars!Wow thats allot of cash... I could have bought Jaguar from Ford and still had money to... more
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Things really have gotten bad, and Bear Stearns appears to be the latest victim of the credit crunch.
Bear Stearns, one of the biggest banks in the US, is to receive emergency funding and, according to some reports, could collapse.Things really have gotten bad, and Bear Stearns appears to be the latest victim of the... more
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In a shock move the US central bank has decided to cut interest rates by a massive three quarters of a per cent. Out of hours and in a surprise announcement it looks like they're reacting ahead of predicted massive falls when New York opens in about half an hour.In a shock move the US central bank has decided to cut interest rates by a massive... more
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Banks and building societies expect their profits to tumble in the first half of 2008 after experiencing the sharpest fall in business since the recession of the early 90s.
City firms, especially stockmarket traders, were also gloomy, with many arguing that the next few months could be the toughest in a generation, according to a study of the financial sector.
Banks and building societies expect their profits to tumble in the first half of 2008... more
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