Many Has Lose Their Job Because Of Crisis!!

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I have watch the news today and found out that many has lose their job because of recession and crisis. I have heard that those countries that was affected by this problems are U.S., U.K.,and Australia. There are actually a lot of Filipinos who were removed to their job. It is possible to happen that here in the Philippine because teh country is also suffering from crisis. Whata bout your country? Is it also suffering from recession?