Christmas lights on London's Regent Street
The number “eight” usually means good fortune and luck in Chinese culture. But reflecting on the events of 2008, many people are doubting the good omen the number brings.
China has experienced a turbulent year, from snow storms, floods, earthquakes, milk powder contamination to recent business collapses due to global economic downturn.
The success of the 2008 Olympics and the election of Barack Obama have stood out to be the few inspiring and encouraging events of the year.
Globally speaking, 2008 has turned out to be a year of gloom and doom. It was exemplified by the global impact brought around by the Wall Street financial crisis, and the latest Middle East bloodshed which has left nearly 400 Palestinians dead.
Failing businesses and confidence have spoiled the year-end festival mood in the West, especially in the UK.
Economic recession in Britain is biting its retailers so hard that they are collapsing at a speed nearly as fast as the falling of a decommissioned building after the explosive is detonated.
Latest big British retail brands which have been affected by the downturn include children’s wear retailer Adams and music, DVD and games seller Zavvi.
Zavvi became the 3rd victim within 48 hours following the fall of menswear retailer The Officers Club and tea and coffee specialist Whittard last week.
Some 350 British retail companies have reportedly folded during the 3rd quarter of 2008, according to a UK insolvency service. The figure is 39% higher than a year ago. And 15 more big British relaters are predicted to meet the same fate by mid January.
Zavvi's demise is a domino effect of the closedown of the general store Woolworths, a subsidiary of which was supplying Zavvi.
Woolworths was due to celebrate its 100th birthday next year, but the ill-fated company has failed to survive the downturn and will be consigned to history by January 5.
Woolworths is clearing out all its high street stores across the UK. Its store window notice announcing "last five days" reflects well the declining British economy and creates a psychological blow to anyone passing by.
Losing in competition to online retailers and supermarkets is one reason why many high street sales are plunging. The loss of sales is why some of them have been forced into administration.
Offering Christmas sales had become the only option left for UK high street retailers to make the last-ditch profits of the year. If retailers fail to make money during the Christmas, there is a slim chance they will make it through the upcoming year.
For those who are in secure employment such as teachers and doctors, this Christmas offers a unique chance for them to enjoy a shopping spree. However, it has turned out to be the most depressing Christmas for those who have lost their jobs or are feeling uncertain about their future.
This misery was touched upon by Queen Elizabeth II as she started her annual Christmas speech. "Christmas is a time for celebration, but this year it is a more sombre occasion for many," she said.
Many people are enjoying shopping in the West End of London. For some, it is also a nice day out to feel the festival atmosphere. "I made a trip a few days ago to London, I have to say the Christmas lights on Regent Street this year are not as good as before, also only high-end stores were well decorated," said a resident from the outskirts of London.
The media in the UK does not help the gloomy situation at all. Job cuts and failing businesses are breaking the news and making the headlines nearly every day, painting a bleaker picture and sinking consumer's confidence to an all-time low.
British people have been warned of an economic slump deeper than expected. As a result, thousands of people have lost their jobs; an average 1,600 people will become jobless every day in 2009; house prices are predicted to fall 10 percent in 2009; more people are expected to claim social benefits. Even animal sanctuaries in the country have been inundated with dogs and cats as their owners discard them due to financial difficulties.
Church leaders in the UK have attempted to lift people's spirit during these dark times. Some have urged people not to base their happiness upon materialistic gains and try to see the light of hope at the end of the tunnel.
But their religious epithets will do little to comfort those with bills to pay.
Copyright Dongying Wang,