Here There and Everywhere

Expat wanderer

Millions Lost Trillions

I used to finish my assignements early in grade school. Mostly I always had a book with me to read, but one teacher challenged me to write all the numbers to 1 million.

“Piece of cake” I thought. (Arrogant little brat!)

I learned my lesson. It took me forever. I wouldn’t give up, and I filled sheets and sheets of paper with numbers, all the way to one million.

It’s a lesson I won’t forget.

But a billion? A trillion? Those are numbers that boggle my mind. I can’t think that big.

So far, the losses are mostly on paper – they won’t be real losses until investors go to sell, or cash in.

It’s a huge demographic, the baby-boomers getting ready to retire – or as this article from the Washington Post states – maybe not so fast:

Retirement Savings Lose $2 Trillion in 15 Months
By Nancy Trejos
Washington Post Staff Writer

Wednesday, October 8, 2008; Page A01
The stock market’s prolonged tumble has wiped out about $2 trillion in Americans’ retirement savings in the past 15 months, a blow that could force workers to stay on the job longer than planned, rein in spending and possibly further stall an economy reliant on consumer dollars, Congress’s top budget analyst said yesterday.

For many Americans, pensions and 401(k) plans are their only form of savings. The dwindling of these assets — about a 20 percent decline overall — is another setback just as many people are grappling with higher gas and food prices, more credit card debt, declining home values and less access to loans.

You can read the entire article in the Washington Post, here.

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October 9, 2008 Posted by | Aging, Community, Cross Cultural, Family Issues, Financial Issues, Health Issues, Living Conditions, News, Social Issues | 5 Comments

Gigantic Sunrise

It must be an accident of atmospheric refraction or some other optical illusion – I did not photoshop this photo, the sun just turned out huge. I took others where the sun is smaller, but this one made me laugh out loud, and I hope it will brighten your day, too.

Good Morning, Kuwait!

For my non-Kuwait, non-Gulf readers, today is like Thank-God-it’s-Thursday. Tomorrow is the holy day (even many Christians go to church here on Friday) and some people also have off Saturday, some don’t.

At 0800 in Kuwait, it is 82°F / 28°C – my favorite temperature conversion, because it is easy to remember, same backwards and forewards. Yesterday, I even saw my first laborer wearing a neckscarf because of the cooler temperatures, LLLLOOOLLLLLLLLLL!

Blogger Mathai, at Just Blog It posted four sunsets, which are lovely, but scroll down his page to the October 6th entry for one of the most beautiful photos of downtown Kuwait I have ever seen. Taken during the Eid, the skys are SO blue!

October 9, 2008 Posted by | Blogging, ExPat Life, Kuwait, Living Conditions, Photos, sunrise series, Weather | 9 Comments