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| Friday, 06 April 2007 | ||||
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Economy Forecasters predict the world economy will slow sharply this year and the next, with the US likely sliding into a recession. According to a report by the International Monetary Fund, "The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s." The only good news - oil is taking a beating as well. The price of gasoline had fallen below $3.50 for the first time since April. The national price for regular unleaded gasoline is now $3.48 a gallon. This is due to the fact that people can't afford their car payments. Barack Obama says his rival for the White House, John McCain, has been erratic in the country's current financial crisis. Obama claims McCain is desperate to change the subject away from the economy. The good news for Barack is that the lousy economy will probably get him elected president, and the bad news for Barack is that the lousy economy will probably get him elected president. The bailout plan was passed last week. It went from a plan of costing American taxpayers $700 billion to $800 billion. Evidently, when it's the taxpayer's money, Congress doesn't care about the cost. The biggest obstacle that McCain has in order to get elected president is that Joe Six-Pack is losing his job. The labor Department has announced that 159,000 people lost their jobs last month. It is the worst job loss in five years. What is upsetting to me - all 435 members of Congress still have theirs. eBay announced that they are letting go 1,600 people from their jobs. So look for some good office equipment bargains to be sold on the site real soon. CNBC-TV money expert Jim Cramer has apologized to viewers for recommending they invest in Wachovia just days before the bank collapsed. In the stock market, at this point, you have better odds playing craps. Scare On Wall Street, the Dow Jones Industrial Average tanked this week. Meanwhile, European markets are down and the Japan's Nikkei is down as well. It is so bad my stock broker told me to start putting my money into a mattress. A seventh-grader in Daytona, Florida, told her parents recently that the "bus driver tried to kill" her and 54 other children on a school bus. The student's step-dad explains: "She said the bus driver had stopped the bus on the railroad tracks and threatened to leave all the children to die." Well, Happy Halloween. Boring I don't want to say the presidential debate was boring this past week, but I play a tape of it before I go to bed. Ignore The presidential debate was held in "town-hall" style this past week which means that instead of ignoring the moderator's questions, the candidates ignored the voter's questions. Want I want a lady in the White House. At first, I wanted Hillary Clinton. Then I wanted Sarah Palin. Now, I want Tina Fey.  Quote this article on your site | Views: 272 | Print | E-mail
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Lectionary Passages for December 7th 2008
[Year B]
Second Sunday in Advent
Isaiah 40:1-11
Psalm 85:1-2, 8-13
Mark 1:1-8
2 Peter 3:8-15
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