September 30, 2008
Time: Credit Crunch Headed to Main Street
http://www.time.com/time/business/article/0,8599,1845818,00.html?cnn=yes
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http://www.time.com/time/business/article/0,8599,1845818,00.html?cnn=yes
Thursday House meets again, VP debate Thursday night also.
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 …
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 …
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? …
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 …
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 …
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.”
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.
Half of the annual budget for a government building.
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.
THE DOW FALLS MORE THAN 600 MONDAY ON FEARS BAILOUT PACKAGE VOTE WILL FAIL. SEE MORE AT www.cnn.com.
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.
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