Don't believe this is a global recession? The riots in Iceland aren't enough evidence? How about Japan, where hotel workers tried desperately to keep their employer open even after the place was shut down?
After Lehman Brothers went belly up, the Keihin Hotel was shut down in Tokyo and all 130 employees were told they were fired. The firm that owned the hotel owed 6 billion yen to a Japanese subsidiary of Lehman's. The workers resumed the hotel's operations the day after they were fired...and have been running it since October 21st.
A court order supported the owner's decision to sell and ordered police to seize the building. Want to see what desperation looks like? JapanProbe posted the video.
Japan Probe Blog
1 comment:
Hey Susan
Thanks for the link to Progressive Blog Digest. I have added you to my blog list as well.
Nick Burbules
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