Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Monday, December 22, 2008

NEWS UPDATE: AY Is Comedian Of The Year •Gets New Car, N1m



Source

Upwardly mobile comedian, Ayo Makun a.k.a. AY, says that God’s mercy in his life and career shall endure forever, having won the comedian of the year award at the maiden edition of Diamond Awards for Comedy.

AY at the weekend won the prize which included a brand new Kia automobile and N1million cash, during a well-organised ceremony held at Planet One (De Event Place), Maryland, Lagos.

Dedicating the award to his mentor and king of comedy, Ali Baba, AY who attended the event with his wife and daughter, was full of thanks to God for blessing him throughout the year.

According to him, the award which he received exactly a week after a well-attended church wedding on Saturday 29 November crowns all his achievements in the year 2008.
“This is my year of breakthroughs, I am so happy. Early this year, God blessed me with a beautiful daughter, I bought a new car, my T.V. programme made its debut, I married my wife formally in the church just last week and now, I have won the award for Comedian of the Year."
“This year is indeed a year of breakthrough for me,” he said, promising not to rest on his oars.

AY was nominated in three other categories before he finally clinched the Comedian of the Year award.

Speaking after the ceremony, adjudged the best and only credible comedy awards ever organised, initiator of the event, Ms. Ladi Gombe, said her company will continue to build structures that will make the comedy awards unbeatable, even in years to come.

She noted that the award ceremony was borne out of her passion for the genre of comedy in Nigeria’s entertainment industry.
“This is for real and we shall make sure that the awards get a boost next year,” she added.

The awards continued and snowballed into an all-night party, where guests and award winners were given a treat at The Place, G.R.A., Ikeja.

Thursday, October 2, 2008

What To Do During A Recession

So there’s a ton of talk recently that we’re moving towards a Recession. That’s right… a Recession! Isn’t that horrible? Well, sort of, but what exactly is a recession? A recession, by definition, is when the GDP declines for two or more consecutive quarters; but how does that really affect you? In reality, it’s a period of economic slowdown that is marked with companies earning less, paying less, and generally things in life are a little less prosperous.

So, what should you do to prepare yourself if a recession, specifically a prolonged recession, hits? It’s actually quite simple, the biggest fear you have and the biggest thing you should prepare for is the possibility that you could lose your job. In a recession, companies often scale back operations as sales lag and when that happens employees are often one of the things to hit the chopping block. To prepare for this, keep your ear to the ground and make sure that in the event that you are let go, the first you hear of it shouldn’t be the moment after your boss calls you to his office to deliver the bad news. The second part of preparation is to pull back your spending and boost your emergency fund. What? Don’t have one? Start one immediately! That’s what you will be to lean on as your income because you won’t be earning money if you’re unemployed.

Now, preparing for the worst is always a good idea but the worst may never happen. In recent memory, recessions haven’t been all that bad for most Americans so the doomsday scenario isn’t all that likely. What’s more likely is that raises won’t be as big and promotions won’t be as plentiful, which is fine because it’s better than being fired. So, if the only real tip is to pad an emergency fund, what’s the big deal? The big deal is that you need to begin planning for it now. If you wait until it hits the cover of Time or the New York Times, it is already too late.

How can you pad the emergency fund now? If you’re contributing more than your employer match in your 401k, consider pulling back so you can put that towards savings. If you’re making large payments on your car note, consider downsizing your car and getting into something you can handle better. Some things are easier than others (adjusting 401k contributions is easier than changing cars) but ultimately you want to reduce your spending to pad that fund. Whether or not a recession does hit, having a nice fat emergency fund is certainly something valuable in any economic situation (one can lose their job during a period of economic prosperity!).

Source