DOOM - Moody's rating agency places UK on negative outlook

[BrilloPad]

I'm a technology advocate, but it just seems that we're destroying the planet and enriching the few ever more. The plan was always that technology would make things better, not only for people but for the world as a whole (think of when PCs and printers came out, the selling point was that this would save paper).

I certainly agree with you on this - I thought that there would be more time for leisure not less.

We need a way of job sharing so everyone can work fewer hours and spend more time having fun.

[DodgyAgent]

I certainly agree with you on this - I thought that there would be more time for leisure not less.

We need a way of job sharing so everyone can work fewer hours and spend more time having fun.

People need challenges not "fun". Challenges come in the form of work and rearing children not going on cruises or sitting on beaches. What we should be doing is ensuring that when people fail with their challenges (and we need to have failure in our lives) then the landing should be relatively soft but not too soft to deter us from engaging with life's challenges.

[sasguru]

...(and we need to have failure in our lives)...

I knew I was missing something ....

[lilelvis2000]

If Moody's is downgrading everyone - ain't this just a relative measure then?

Say wasn't Moody's heavily involved in all the corruption with the rating of the securitisation of mortgages. If so, why does anyone take them seriously?

[badger7579]

Well if the rating agencies are downgrading countries they must be correct. After all they got it spot on rating all those CDO's with AAA ratings back in the pre 2008 years