California Senate passed the state’s budget
-Without a new budget, 276 public works projects would have been stopped
-an additional 10,000 state workers would have been laid off.
http://www.cnn.com/2009/POLITICS/02/19/state.budgets/index.html
We now have 4.99 Million Americans collecting unemployment
-Accoding to the Labor Dept., total benefit rolls surged by 170,000 in the week ended Feb. 7
-First-time applications for unemployment benefits were higher than economists projected
http://www.bloomberg.com/apps/news?pid=20601087&sid=aF6x7A2eBvxU&refer=home
Why This Recession Feels Different
*because it is different
*everybody is feeling the heat
http://www.cnbc.com/id/29278060
Wholesale inflation takes biggest jump in 6 months
-the Labor Department is reporting that wholesale prices increased by 0.8 percent last month
-wholesale prices increased by 0.8 percent last month
-much more than the 0.2% that economist had predicted
http://finance.yahoo.com/news/Wholesale-inflation-takes-apf-14410311.html
South Carolina’s Republican governor says that he’ll take the stimulus money
-despite misgivings
*so let me get this right, you think that it’s unhealthy for the country, but you’ll take it anyway.
*politicians never turn down free money
http://www.google.com/hostednews/ap/article/ALeqM5iMHH1qsaU_80ewyPlhAhGDnoONIwD96EMVR80
Obama Stimulus Saves Microsoft Billionaire, Paul Allen, Hundreds Of Millions
-he owns majority stake in Charter Communication
-Charter was planing on going into bankruptcy to reduce its $8 billion debt
-Allen’s debt is about 4 billion, and he’ll owe 25%….that’s 1 billion
-normally, Charter would have to pay taxes on the forgiven debt,
-but now they don’t have to pay it until 2014, Allen won’t have to pay it all of until 2018
Goodyear will cut nearly 5,000 jobs this year
-21% decline in revenue
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/18/AR2009021803514.html
Delta Air Lines to cut 2,100 jobs through buyouts
http://www.reuters.com/article/ousiv/idUSTRE51I3J320090219
The Obama administration estimates that the Stimulus will save, create 215,000 NY jobs
-interesting how they worded it.
http://www.forbes.com/feeds/ap/2009/02/18/ap6066299.html
Octuplets’ family reportedly faces foreclosure
-lady with 14 children
http://www.cnn.com/2009/US/02/19/octuplets.foreclosure/index.html
Realism is not pessisism
-Titantic (pointing out a problem)
Author: DEMCAD
Keywords: positive changes depression recession Stimulus Obama Job Loss Depression Recession economic collapse Flint Michigan Ketchikan Alaska bubba008009 george4title FeverIAm UROUTofTIME visionvictory manoftruth supafaith AirelonTrading davincij15 aravoth TLHMax SafeArmsReview Gerald Celente GeraldCelenteChannel financialhippie Steven6229 thefordshowcom
Added: February 19, 2009
