“Although governments are united in their desired outcome to reap undeclared assets, their approach is far from uniform.” -- Tara Loader Wilkinson
Tuesday, 9th February 2010
Manufacturing of ultra-luxury cars is being slashed as millionaires and billionaires feel the pinch of the global recession, according to a report in The Australian.
Following recent cutbacks by Aston Martin, Lamborghini and Bentley, Rolls-Royce unveiled curbs this week, with 50 down-days scheduled for its plant in England.
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Australia's wealthiest man last weekend took a big step toward creating the biggest coal mine this resource-rich nation has ever seen.
© 2009 eFinancialNews Ltd
2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU
Tel: +44 (0) 20 7309 7788
Company No 3089347
del.icio.us
Digg
Newsvine
reddit
StumbleUpon