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September 30, 2008

Time: Credit Crunch Headed to Main Street

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http://www.time.com/time/business/article/0,8599,1845818,00.html?cnn=yes

Dow Rebounds 500 Points

Thursday House meets again, VP debate Thursday night also.

Why Panic is Not Happening Yet- World Too Big and Complicated

What is your stocks were in Merril Lynch and your money in Wachovia and your stocks in a 401K at work in a company with a stock price down 90%? How do you spell insomnia? But what are you going to do because putting everything under your bed will cash the losses as real. A …

September 29, 2008

TV War is Real in Theodore Hometown

NBC 15 News:

Growing up, Matthew and his older brother Lawrence fought battles in their back yard.
“We grabbed sticks and rocks and we played war,” Lawrence O’Bryant said.
The two brothers would later trade sticks and rocks for guns and bullets and fight real wars overseas. Petty Officer Matthew O’Bryant enlisted with the Navy in …

Playing With Fire: If the Bail Out Bill Fails and Mainstreet Burns Down Fancy Political Rhetoric Against It Will Look Stupid and Reckless

The financial markets have sent a clear signal of just how reckless the House of Representatives was today in rejecting the compromise bailout plan — no less than $1.2 trillion in stock values were wiped out in just a few hours. What can be done to get a bill through in the next few days? …

Bail Out Bust. Main Street Ground Swell. Grass Root Rebellion. Take Care of the People First, Not the Rich On Wall Street

Think of all the people who have lost houses. If they lost a $100,000 house, the most the government can give is $28,100,” Lampson said.

Contrast that, he suggested, with the $500,000 limit on compensation packages for executives of the failed companies that would participate in the bailout. “I thought it was a $700 billion boondoggle …

Bail Out Failure Shocks President and Wall Street

Vote Appears to Take White House by Surprise

John D. McKinnon reports on the White House—Google News/ Wall Street Jouirnal

The failure of the $700 billion financial rescue bill in the House appeared to represent a populist rejection by both Republicans and Democrats of Bush administration’s top-down approach.

The Treasury’s plan, which had strong backing among …

You Have a Lot of Nerve to Write This Headline:

European Nations Act To Stave Off Financial Collapse

The governments of Britain, Belgium, Netherlands and Luxembourg have all moved to prevent a rash of bank failures. British Prime Minister Gordon Brown vows to do “whatever it takes to ensure the stability of the British financial system.”

Public School Kids Buried In Paper

You hear it everywhere from teachers young and old black and white Republican and Democratic that NO CHILD LEFT BEHIND is burying students and teachers in a barrage of teaching testing and not learning.

Mobile Austal Launches Second Hawaii Super Ferry

Press Register captures the dry dock off load at the foot of Government Street.

Spanish Fort Plans $3 Million Community Center

Half of the annual budget for a government building.

DOW JONES WORST DROP EVER

 778-point drop……that’s the worst single-day point loss ever.   The reason?   The House rejected the government’s $700 billion bank bailout bill.

Breaking News: Investor Fear Affects Dow

THE DOW FALLS MORE THAN 600 MONDAY ON FEARS BAILOUT PACKAGE VOTE WILL FAIL.  SEE MORE AT  www.cnn.com.

Eastern Shore Center Boasting New Businesses

Financial concerns aside, business is booming at the Eastern Shore Center in Spanish Fort.   Opening soon:   Premiere Cinemas (with 14 movie screens), Party City, and Taco Bell.

Baldwin County People Appear Eager To Vote For President

The Presidential race (FIVE WEEKS AWAY) is proving to be a huge attraction to Baldwin County folks.    Election officials tell the Press Register they are digging and shuffling through a record number of registration forms, especially in the last  two months.    About 107-thousand people are now registered in the county…..and counting.   www.al.com