murphy's law7

In the midst of a transition of presidential power in the United States and an election in Israel, the leaders in Israel have declared an all out war on Hamas, and say that it will be a long time before it ends. The intention, it is reported is to totally cripple Hamas, so that Hamas is ineffective in the least and total destroyed at best. Hamas is still sending rockets into Israel, reportedly, and Israel has dropped some 300 bombs on the area occupied by Hamas in the Gaza strip since the weekend. At least 1,400 Palestanians have been wounded, and over 300 have been killed. The nine hospitals in the area`are reported to be overwhelmed, and without sufficient medical supplies to take care of the wounded. President Bush stands by israel's right to defend itself and says that in order to stop the violence, Hamas must cease sending rockets into Israel. Reports are that no one has been killed in Israel. Israel troops are assembling at the border of Gaza, and are said to be considering a ground invasion in the area. Former Secretary of Defense Richard Cohen, from the Clinton administration, thinks that Israel should think long and hard before they decide to invade on the ground. It may be a harder task than they think, and could increase Hamas' influence. President-elect Obama has deferred to President Bush, saying that President Bush speaks for the United States, until January 20. The Arab population is riled up, over the bombings by Israel, and are protesting around the world, including Yehmen and Lebanon, and in the United States.

An aide to the Illinois Governor, reportedly stated that Governor Blagojevich will be resigning, possibly in mid February 2009. Did anyone tell him?

Bernard Kerik, he of possible Homeland Security Secretary nominee fame, until disclosures of impropriety came to light, has been charged with further crimes, such as filing false income tax returns.

A U. S. House of Representatives hearing, will review the Madoff case, as they pursue safeguards.

The impeachment hearing of Governor Blagojevich, by the Illinois House committee, will turn its attention to contracts awarded by the Governor to supporters. One of the lawmakers on the committee told Governor Blagojevich's attorney today that any offer of a bribe for a position, is illegal under Illinois law, no matter if anything changed hands. Oh, oh.

One-hundred and sixty-nine indedendent mortgage-finance companies, failed in the U. S. during 2007.

GM auto sales fell by 42% during December.

GM and Chrysler will reportedly, receive a portion of the seventeen billion dollars allocated to them by the White House. It is reported that the industry will need at least one-hundred and twenty-five billion dollars in the near future.

Secretary Paulson's deal with China reportedly evaporated, due to the recession, reopening trade rifts, between China and the United States.

Retail sales in the United States were dismal during the holiday season, and could spell trouble in 2009 for many stores, high end and low. Many bankruptcies and store closing could occur.

Japan's economy may shrink 12%, this quarter, the most since 1974, according to reports.

Australian tourism could shrink to lowest level since 1989, due to the global economic decline.

GMAC gets five billion, from the Treasury to help boost GM.

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Never stop looking for answers, even if you don't find them.

There was a lady in Canada, who went out in her car, which broke down, in the snow. According to reports, she walked until she couldn't walk anymore, and no one knew where she was. She was missing for two or three days. The police went out with dogs searching, they found her car. They kept searching, one of the dogs took off running, following a scent he had picked up, when the policeman got to where the dog finally stopped, he looked down in the snow and there he saw the woman's face. She had buried herself under the snow, with only her face showing, she was alive. By burying herself in the snow, they said she kept safe from the wind chill, that saved her, and kept her somewhat warm. They found her on Christmas Day. A miracle you might say.

The U. N Security Council has called for an immediate end to the violence in the Gaza strip. Reportedly three thousand rockets have been shot into Israel by Hamas, this year. Israel
is now retaliating, by having it's planes send bombs into the Hamas territory. Thus far it is reported that two-hundred and eighty-five Palestanians have been killed, some six-hundred or more people, have been injured. The hospitals in the area are under staffed and without adequate medical supplies to help the wounded. Twenty trucks have been sent into the area with medical supplies, to assist with those who are injured. Hundreds of Israeli troops are gathering at the border of the Gaza strip for a possible invasion. The United States is blaming Hamas, for breaking the cease fire agreement with Israel.

In North West Pakistan, a suicide bomber drove his van, into a polling station, killing 28 people.

U. S. Attorney Patrick Fitzgerald, rejected the request by Governor Blagojevich's lawyer, to have the Illinois House investigation committee, subpoena President-elect Obama's Chief of Staff, Rahm Emanuel and Valerie Jarrett, to testify.

The Hawaiian Island of Oahu, where President-elect Obama is vacationing, had the power restored, after the island was completely blacked out, by a possible lightning strike.

A coal plant in East Tennessee, spilled 5.4 million cubic yards of coal ash over a town. The watere tested safe to drink after the spillage.

Buymytronics.com, will pay money for old cell phones and any electronic items you wish to dispose of.

Caroline Kennedy has reportedly said that she knows she will have to work very hard to prove herself, if she is selected to replace Senator Hillary Clinton. Governor Paterson is said to not like it, that someone is running for the seat. Well!

Oil futures have falled from a high, of $145 a barrel, some months ago, to a low of $38.

Reportedly Bernard Madoff, the former Chairman of Nasdaq, and the fifty billion dollar Ponzi schemer, faces ten years in prison and a five million dollar fine, if convicted.

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If you boil an onion for three or four seconds, you will prevent shedding tears.

The tensions continue to mount between Pakistan and India, as
twenty thousand Pakistani troops, reportedly move toward the India, Pakistan border. This may be what those who bombed Mumbai, India were hoping to create, an accelerated situation of tension between the two countries, to the point of a possible war. India is stepping up diplomatic pressure, on Pakistan.

The Hawaiian Island of Oahu, suffered a total power outage when there was reportedly, a lightning strike. President-elect Obama is vacationing on the island. The compound where he is
staying restored power with a generator.

Three Chinese warships headed out to the coast of Africa, where Somali pirates are hi-jacking cargo ships for ransom. It is the first time China has participated in such tactics. China's ships have been targeted in the past.

The CIA is giving away Viagra to the warlords in Afghanistan, in order to try to gain informtions, which could assist in gaining some leverage in the coountry.

In Covina, California, eight people were either shot or were burned to death in a fire set by a man, in a santa suit,on Christmas eve. The man reportedly was seeking revenge on his ex-wife at a party. He set fire to the house with a blow torch, then left and later killed himself.

The sex kitten, who played Cat Woman, Eartha Kitt, has died at age 81 from colon cancer.

Israel has hit the Gaza strip with airstrikes, aimed at Hamas. One-hundred and ninety-five people were killed, and two-hundred people, were reportedly injured. The United States has warned Israel about incurring civilian casualties. They also warned that Hamas must stop targeting Israel with missiles, if the airstrikes are to stop.

Analysts warn of increasing bankruptcies, of as much as 0.4% in 2009, some are saying the market has already priced in as much as 10-15%, others are warning of possibly 30%, with the economic slowdown getting much worse.

The Bank of Israel may cut its interest rate to 2% as economy slows.

New York University reported a loss of twenty-one million dollars, from the Bernard Madoff scandal. The Attorney General of Conneticut, reported that the state is suffering, a serious financial impact from the scheme, as many of its charities and institutions were caught up in the financial mess.

Australia may accept Guantanamo Bay detainess, as a part of a resettlement agreement.

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If you can't keep a secret, never make the promise.

Happiness to all men, women and children.
May joy and goodness surround you always.
Take very good care.

The Obama camp released its internal report Tuesday, which showed no inappropriate conversations , between Governor Blagojevich and the Obama camp, regarding filling the vacant senate seat of President=elect Obama. The newset morsel in this entire scenario was that U. S. Attorney Fitzgerald interrogated several Obama staff members and Obama himself, regarding the conversations. Mr. Fitzgerald has alrequested that the Illinois House and Senate back off of any criminal investigation into the Governor's past. Thins will hinder the investigation into the possible impeachment of the Governor.

GM closed an SUV plant in Ohio today.

L'Oreal heiress, is said to have invested in the Madoff, fifty billion dollar ponzi scheme, certainly not knowing that it was such a thing, as all the others who were caught up in it.

American Express reportedly applied for and received, three billion dollars of the TARP funds. Is everybody happy?

The Russian Central Bank has devalued the ruble, three times in one week.

Home sales in the U. K. may drop at least 10%, reportedly in 2009.

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Try to keep as many old friends as possible, new ones may not come so easily.

As GM restructures, the common stock shareholders, may lose all their equity in the company, Credit Suisse reports. GM stock slumpled further, on this news. Is that what you call a vicious cycle?

Senator and Secretary of State nominee, Hillary Clinton, forgave the loan she made to her campaign of $13.5 million dollars. Can you write that off, I wonder?

Five New Jersey men were reportedly, convicted of plotting an attack on Fort Dix soldiers.

Oil fell to $39.95 a barrel, due to a steep continuing drop in demand.

A report states that 55% of defaulted mortgages, which are modified, fail again in six months, according to regulators.

Marc Faber, an analyst at CNBC, has reportedly stated that 2009, will be catastrophic, for the global economy.

Cash strapped shoppers, are limiting their gift buying for children.

In the U. K., an insolvency firm, states that fifteen retail firms will go bust in January 2009. Most of the stores are said to giving deep discounts, to attract shoppers.

Thailand's new government may increase it's stimulus package by 80%.

Guinea's President, Lansas Conte dies at 74 years of age, after a long illiness.

Pair of giant pandas, set to reach Taiwan, as relations with China warm.

IndyMac regulator, allowed the company, to backdate it's profits, to skirt penalty, reportedly.

Christie's to announce a shake-up, in January due to the decrease in demand for art.

Toyota may cut U. S. workers, for the first time, due to unsold cars and trucks piling up.

Asian stocks drop, as concerns over Toyota's bleak forecast, fans recession concerns.

China stocks drop, as interest rate cut disappoints investors.

Madoff victims, may have to return, up to six years of profits and principle. Are you kidding? Talk about adding insult to injury.

Putin hosts a forum of gas exporting countries today in Moscow. This has to do, reportedly, with a possible gas OPEC, which Putin says is not the case.

Russia's Parliament is setting out, to allow their president to have a six year term instead of four years, it will have to be voted on and passed. All those who think the ruling will not be passed, raise your hands.

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A soft voice, when delivering stern words, may soften the blow.

The man who was a central figure in the book, "All the President's Men", written by Bob Woodward and Carl Bernstein, and who was know as "Deep Throat", has died at the age of 95. W. Mark Felt, was the key person who supplied Woodward and Bernstein their information during the Watergate scandal, "follow the money" was the phrase used throughout the plot of the movie that was based on the book. Mr. Felt identified himself as "Deep Throat", some 30 years after the book was written. Woodward and berstein were reporters at thw Washington Post at the time.

President Bush came forth on Friday to announce that there would be a 17.4 billion dollar loan given to GM and Chrysler, to assist them through March, 2009. The companies must provide a plan of viability or repay the loan by March 31, 2009.
There are requirements attached to the loan, but the incoming administration has the option if changing the requirements, should they feel the need. The temporary Car Czar is said th be Secretary Henry Paulson.

Secretary Paulson, is said to have requested the remaining three-hundred and fifty billion dollars of the TARP fund.
Congress has to make the decision as to whether he receives the balance of the money. Does anyone know where the other half of the TARP fund went?

California's Attorney General Jerry Brown, is petitioning the Supreme Court to repeal the ban on gay marriages, which was implemented, in California, as a result of Proposition 8.

Governor Blagojevich gave a short press conference, on Friday to relate to all, that he would not give up his fight to expnerate himself from all charges. He quoted Kipling, and vowed to fight, and fight and fight. He said he would not be giving in to a political lynch mob, nor would he be going on "Meet the Press" to talk about anything. He is innocent and he will prove it. He wished everyone well and went on his way, without taking any questions.

Iran is sending a warship to protect its Iranian ships from the pirates, off the African coast.

The skeletal remains of the small child, discovered near the home of the grandparents of Caylee Anthony, the child who disappeared in July of this year, in Orlando, Florida, were determined to be the remains of Caylee Anthony, through DNA. The death was ruled a homicide, no cause of death was stated and according to some reports, because there were no tissue remains on the body, no cause of death may ever be reached. The child's mother remains in jail on suspicion of killing the child.

The state of California, is suffering a $42 billion dollar
budget deficit.

Paris Hilton's home was robbed of one million dollars in jewelry, she was not at home at the time of the robbery.

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It never hurts to look behind you, once in a while.

Just in the nick of time, maybe, it is reported that GM and Chrysler, will be receiving the loan they need to survive and take them into March, 2009. By then, perhaps the two will merge and work out a plan to become solvent again.

The SEC is reportedly investigating the wife of Bernard Madoff, Ruth. Mr. Madoff is currently under house arrest in his seven million dollar penthouse, curfew is 7 p.m. to 9 a. m. There has been speculation that Mr. Madoff did not pull off the alleged ponzi scheme by himself. The wife supposedly was the bookkeeper for the dealings, she is said to have told him what tie to wear each morning, so maybe she was telling him other things to do as well. The SEC reportedly said that Mr. Madoff misled the agency in 2006.

Homosexual rights are advocated for the first time in the U. N. Assembly.

Former President Bill Clinton, released his donor list for his Library, for review. The list has donors on the list from Saudia Arabia, Norway, Kuwait, Quatar, AIG and many others. Donations total in the multi-million dollar range, thousands of pages of documents were turned over.

The reporter who threw his shoes at President Bush, while in a press conference, has reportedly apologized to President Nouri Al Maliki, but not to President Bush. The reporter is in jail, facing fifteen years imprisonment. supporters are calling for his release.

Defense Secretary Gates, is said to have requested a plan to close Guantanomo Bay, the Pentagon reports.

Former Federal Reserve Chairman Greenspan, says that the U. S. financial markets are likely to rebound in six to twelve months.

President-elect Obama is said to have selected Congresswoman Hilda Solis as his nominee for Labor Secretary. Today, Mr. Obama introduced his choice to fill a vacancy at the Federal Reserve Bank, Professor Daniel Tarullo,will be a new governor on the board. Also introduced was Gary Gensler, who will be the nominee to head the Commodity Futures Trading Commission.

Mr. Obama's choice to give the invocation at his inaugruation is stirring up protests in the gay and lesbian community. The
committee chose Pastor Warren, who has said many controversal
things about homosexual marriages. Mr. Obama supported his choice by saying he wanted people of all ilks to, in essence, be able to come together even when they disagree but not to be disageeable, but to concentrate on things they agree on. The furor is still raging.

Steelmaker CSN, may fire three thousand employees, as demand weakens.

There is a rising call for an investigtion by an outside entity, after a bi-partisan committee, released its report
on the involvement of various Bush administration officials, who advocated torture, and had it carried out during the height of the Iraq war. It has been said that the perceived torture in camps in foreign countries, at the beheast of the United States was responsibile for the deaths of thousands of American soldiers in Iraq.

GE reportedly, could lose its AAA credit rating.

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Never forget two words, what if?

Some forty-six thousand workers at Chrysler, and others, will be affected by the auto makers closing their plants for various periods of time. Chrysler will shut down its plants for four weeks, Ford will close its plants for week plus the holidays, GM will shut down for three moonths, in a rolling fashion. Thirty Chrysler plants will be affected, union members will be paid but not full salary. Plants are usually shut down for one week during the holiday season in December.

The White House is said to be working out a plan to assist the industry with the bridge loan the auto makers needed to get them through the end of the year. Ford only wanted a line of credit accessibility. GM and Chrysler have restarted merger talks.

Bernard Madoff, appeared in court today, to put up collateral, and his passport, to assure he will not flee, and to be granted bail. He is also required to wear an ankle bracelet. There is speculation that Mr. Madoff, could not have pulled the alleged fifty billion dollar, ponzi scam off by himself.

The Illinois Supreme Court did not accept the request by Illinois Attorney General, Lisa Madigan, to have the Governor removed from power, because he is unfit to govern. Three orders came out from the court without reason. The State House and Senate are deliberating as to whether they have grounds to impeach the Governor. The defense lawyer for Governor Blagojevich stated that all the accusers have on the Governor are words, which is not a crime.

CNN's John King will take over, from Wolf Blitzer of "Late Edition", with a four hour, unnamed show on Sundays. David Gregory made his debut as host of "Meet the Press" on NBC, last Sunday.

Caroline Kennedy made the rounds, in upstate New York, making it known that she is very interested in being the replacement for Senator Hillary Clinton in the Senate. Senator Clinton, meanwhile asked her supporters to not block the position being sought by Ms Kennedy. Who bought the seat to be given to whom?? Governor Paterson, is said to have told all seekers to keep their name on the list for consideration. CYA Governor?

President-elect Obama was chosen as Time magazine's man of the Year. Treasury Secretary Hank Paulson, and Governor Sarah Palin, were in the running. Really?

President-elect Obama, is said to have chosen Mary Schapiro, to be his new SEC Chairman nominee. Reports are that he may also select retiring Republican Congressman Ray LaHood,to be the Transportation Secretary nominee.

President-elect today nominated Senator Ken Salazar, of Colorado, to be his Secretary of the Interior and Governor Tom Vilsack of Iowa, as Secretary of Agriculture. Obama said they are to be the "Guardians of the U. S. Land".

Goldman-Sachs is said to have agreed to sell its stake in Sanyo to Panasonic, for $2.7 billion dollars.

China is said to be sending warships to the African coast, to
combat African pirates who have seized four vessels.

Thailand swore in its new Prime Minister.

Latin American leaders appeal to Obama to end Cuban embargo.

U. K. Prime Minister Brown is said to be withdrawing their troops from Iraq by midyear 2009.

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Try to find the best in each person you meet.

The President of the United States, made a surprise visit to Iraq. While there, at a news conference with the President of Iraq, a news reporter from iraq, was in the audience, and while the news conference was going on, the reporter threw both his shoes directly at President Bush, who ducked both times, and avoided being clobbered by the size ten shoes. The Secret Service agents who were nearby, were unable to stop the man, from throwing his shoes. The reporter also said, reportedly, "here is a farewell gift from the Iraqis, this is a farewell kiss, you dog". The reporter was immediately tackled to the ground and taken into custody by the Iraqi police. He is being held, not on charges of throwing the shoes at the U. S. President, but for throwing the shoes in the direction of the Iraqi President. The reporter's friends said that he had been detained and imprisoned for a while by the U. S. troops, and he had lost family members during the turmoil in Iraq. They think he snapped, they said he was usually calm and polite. Here's my question, what good were the Secret Service? All the agents that were there, inside that room to guard the President should be fired, or at least suspended. The reaction time was ridiculous, the shoes could have been mini bombs, or filled with acid, that would spill out, once they hit their target. This was scary, the President could have been harmed, while every one was looking, unaware until it was over, what had happened. What a sight. There were protesters in the streets of Sadr City, who wanted the reporter released immediately, and who were calling him a hero, also saying that the President deserved the shoes being thrown at him. It is reported that when an Iraqi throws a dirty shoe at you, it is the ultimate insult. Well, if the shoes had been thrown while Saddam Hussien was still in charge, the reporter would have been put to death within twenty-four hours. The reporter should be glad for the change, maybe?

The Illinois Legislature, voted on Monday, to begin impeachment procedures against the Governor of Illinois. The measure will be sent to the Senate of Illinois, to work on the measure. The Speaker of the House, said that they would work
every day except Christmas Eve, Christmas Day, New Years Eve, and New Year's Day, and on until they reach an agreement as to what they will do, impeach, or not impeach Governor Blagojevich. The state officials said that the Governor would be given due process under the law, he would not lose any of his rights. The Governor reportedly met with a defense lawyer for eight hours, there may be some kind of announcement on Wednesday of this week. Patrick Fitzgerald's office, is said to have asked the Obama camp not to release any information related to any conversation between Mr. Obama's staff and the Governor, before a week. Speculation is brimming, as to what will happen in a week's time. Stay tuned.

Many others are being revealed, to have been caught up in
the alleged ponzi scheme, that Bernard Madoff ran. Steven Spielberg, Senator Frank Lautenberg, Mort Zuckerman, the Mets, and the Fairfield, Conneticut pension fund, all reportedly
lost millions. A pawn shop owner, in West Palm Beach, Florida, reported that people were coming into his shop, wanting to pawn Porsches, expensive rings, and yatches, over the weekend, as they had lost their money, with Mr. Madoff. Older people have been devasted from losing their lifetime savings.

President-elect Obama, announced his Energy team today, they were Dr. Steven Chu, Secretary of Energy nominee, Lisa Jackson, Administration of the EPA,nominee, Nancy Sutley, White House Chairman of the Council of Environmental Quality,nominee, and Carol Browner, Energy and Climate Control Czar, nominee.

The White House is signaling that they will help the auto industry with the funds they need, but the details must be worked out.

Amnesty International, reports fifty people, may have been killed by police stun guns in the United States.

Fannie Mae will allow renters, to remain in their foreclosed homes.

European banks, are said to be writing down nineteen billon dollars,in the fourth quarter.

Tremont, reportedly invested $3.3 billion dollars, more than half its assets, with Madoff.

Russian industrial production has shrunk, the most since the economic collapse in 1998.

India is to set up a Federal Agency, to fight terrorism.

Car sales in Europe slumped 26% in November, as recession concerns deepened

OPEC said to be considering cutting output.

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Always remember, ladders used go up, also are used to come down.

GM moves closer to bailout, as CEO Wagoner holds talks, with Paulson and Bolten. White House appears to be on board with providing the funds for the bridge loan, for the automakers.

Soros and Shaw, raise the first ten milion dollars for the Obama Inauguaration, reportedly.

President-elect Obama, said to be nominating New York city's Shaun Donavon, as his Secretary of Housing.

Defense Secretary, Robert Gates, warns the foes of the U. S., that "they would be mistaken to test the Obama administration".
Would that be, don't mess with the skinny kid from Chicago?

On Monday, the State of Illinois House of representatives will debate impeaching Governor Blagojevich, the State Senate will
begin proceedings to impeach the Governor on Manday as well.
The State Attorney General, is requesting, that the State Supreme Court uphold, a measure to remove the Governor from his duties as he is felt to be, unfit to govern, that was submitted on Friday of last week, reportedly.

The "Giant Ponzi Scheme" led by the firm of Bernard Madoff, former Chairman of Nasdaq, may cost Fairfield, Conneticut's,
pension fund, forty-two million dollars. Mr. Madoff pulled in Hedge funds, banks, and Foundations, as well.

The dollar fell to its lowest level in 14 years against the yen, on worries about the auto bailout failure.

Toyota may report a $1.1 billion dollar loss for the second-half of the year.

The Colorado ski area's, homes sales have declined by 40%.

China, Japan and South Korea, have decided to boost co-operation, amid the global economic turmoil.

Venezuela's oil basket has declined 48%, below it's budget plan.

Deutsche Bank's trading woes continue, as it's Weinstein-Led
Unit, loses one billion dollars.

Portugal approves a $2.9 billion dollar, stimulas packsge to boost its economy.

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Have you ever eaten one raisin at a time, and savored the flavor, slowly. Try it, interesting experience.

No, no no we won't go. The House of Representatives passed the auto bailout plan, to allow the industry to have abridge loan of fourteen-billion dollars, to try to save itself and become viable. But the good old smart Senate, which does not think that it is any big thing to have, three million families in the unemployment lines, or adding to a large portion of that number losing their homes through foreclosure, decided to
toss the bill out the window, and take their chances with the companies going bankrupt. Mostly the Republicans, derailed the bill, with the stong voice of senator Shelby, who has two foreign automaker plants in his backyard, leading the charge to kill the bill. Then there might be a little conspiracy going on, whereby, our less then popular President can come in like Mighty Mouse, and save the day by giving the automakers the fourteen billion dollars from the TARP funds, money set aside for the beleaguered and rich Wall Street bankers, who oh so deserve to be assisted with their problems. So the White House is no reviewing whether or not to provide the money to the auto industry.

News Alert: U. S. Treasury vows to prevent the auto industry from failing.

The no passage vote,on the auto bailout plan, caused the Asian markets to skid downward. The U. S. market started off at the open two-hundred points, then begin to climb, when news of the White House consideration to give money to the automakers was reported.

At this point, GM and Chrysler face immenent collapse, as the operating capital will not be there, at least for one, by the end of this month, reportedly. There may not be any way to stop the cascading effect, even if they receive the cash inflow, it would appear that the industry needs much more time and some two-hundred billion dollars, at least to really make a difference. What company that is so low on funds, will be able to build cars, sell them and become profitable in three months? It is an insane thing to exppect, but maybe I'm crazy.
There is another factor facing GM, GMAC which lends GM the money to purchase it's inventory is facing a default, if it does not secure thirty-one billion dollars, by the end of today, in order to qualify to become a bank holding company. So double whammy for GM.

GM has hired bankruptcy lawyer, for advice and to reconfigure automobile.

The Illinois State Attorney General, made good on her threat, to go to the State Supreme Court, and have Governor Blagojevich
declared unfit to govern the state. Attorney General, Lisa Madigan held a press conference, this morning laying out the steps that would follow her action, of trying to have the Governor removed from office on a temporary basis. The Governor's Chief of Staff, John Harris has resigned cites reports.

Speaker Pelosi, said the House's economic stimulus package, may reach five-hundred billion.

There is a seventh day of protesting in Athens greece, due to the shooting of a young man.

The SEC will reportedly, be filing charges against Bernard Madoff, former Chairman of NASDAQ, in a multi-million dollar ponzi scheme. His sons are said to be the ones, who turned him into authorities. Giant ponzi scheme cost investors fifty-billion dollars, according to reports.

Retail sales down 1.8%, fifth straight month of losses.

Crude Oil gained 14% this week, Gold gained 9%.

U. S. Pension Agency, asks court to end Lehman Brother's underfunded retirement plans.

New England ice storm, cuts off power to more than a million, and downs trees.

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Travel a different route, once a week to or from work, distrub your equilibrium a little, to keep it from being simply boring.

The Illinois Attorney General is threatening to to the State Supreme Court, to have Governor Blogojevich, of Illinois, declared unfit the hold office, if he doesn't resign soon or get impeached by the Legislature. She reportedly said, that she will wait a little while. The Governor is not listening, he may use his resignation as leverage for leniency. There have been three former Governors of Illinois, both Democrat and Republican, who have gone to jail.

President-elect, Barack Obama, announced formally, his
Secretary of Health and Human Services, the individual will also be the White House's emissary for the reform of health
care. Former Senator Tom Daschle, an expert on health care policy will be that person, reform and availability of health care to all, will be his top priority. The Deputy Director will be Doctor Jeanne Lambrew, a policy and budget expert on health care for children, also a research specialist on Medicare.

Mr. Obama said in reference to the ongoing scandal in Illinois, that neither he nor any of his staff had spoken to the Governor about the vacant senate seat. He will be providing the public with information regarding the conversations his staff, had with the Governor of Illinois. He again called for the Governor to step down, saying, he could not at this time govern effectively.

The Democrats and Republicans, met on Wednesday evening, and worked out a tentative deal for the auto bailout plan. The
auto companies will seek a 2/3's reduction in debt obligation from their creditors, and a reduction in contract obligations from the employees and union. Some of the Republicans objecting to the bailout deal, are said to have Nissan, BMW, Honda and Toyota auto plants in their states. No self interest there?

Wall Street bonuses, will be cut by 50% this year to 2002 levels.

GM, may see 40% of it's showrooms fall, due to GMAC's default.

KB Toys, is seeking bankruptcy protection, after a sudden sales decline.

Bank of America will be cutting, at least 30,000 jobs after its merger, over a three year period.

Toyota cancelled a dealership meeting for 2009, in view of slumping sales, to save expenses.

North Korea nuclear talks ended in Bejing, without an agreement on verification.

If a large company goes bankrupt, out of Chicago, over this weekend, if you have the expertise, you might want to short sell, some of the other companies stock, in that specific industry.

All items obtained from various news stations, with thanks to all.

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Save a bit of electricity cost, take out all the plugs of those appliances, that you are not using during the day. A good $15 a month could be saved, from unplugging, these phantom users.

Yesterday U. S. Attorney, Patrick Fitzgerald, gave a press conference, outling the fact that Governor Ron Blagojevich, of Illinois, had been arrested, on charges of mail fraud and embezzlement. These charges stem from wire-taps that were placed in the Governor's home and office, which picked up the Governor, talking about selling the Senate seat, vacated by
by President-Elect Obama. He wanted money, one-hundred thousand to one million dollars. In other instances, the U. S. Attorney stated the Governor wanted campaign cash, once from a Children's Hospital, which was to receive funding, when the Governor did not receive the money from the Hospital officials, he tried to stop the funding from going forth. In another instance, the Governor was looking to receive a job for himself and his wife. Much of these allegations are on tape, secured by the U. S. Attorney's office. One of the Deputy
Attorneys in Illinois has resigned, as of today. President-Elect Obama, is calling on the Governor to resign. There have been three former Governors of Illinois, who have been convicted on charges and jailed, in the past. Must be the water.

Within this scandal, at the news conference, there was the mention of Senate candidate #5, as someone who may have been involved, with the Governor looking to receive cash from him, to make him the person who took the Senate seat vacated by Obama. The identification made today, was that Senate candidate #5 was Representative Jesse Jackson, Jr., who is denying he ever approached the Governor in a "pay-to-play", type of situation. The U. S.Attorney's office stated that Jesse jackson, Jr., is not a target of any investigation.
Representative Jackson, held a news conference and read a statement, that he did not approach the Governorto ask for anything, from a pay-to-play scheme, or send anyone to the Governor on his behalf, he said he does not approve of the pay-to-play scene. He said he will co-operate with the U. S. Attorney's office in whatever capicity.

The auto industry bailout plan, reportedly will pass the House, but may run into a snag in the Senate, lawmakers say. The word is, that the Republicans are putting up strong opposition to the plan.

GMAC, may not receive approval to become a bank holding company, and may have a problem surviving.

Las Vegas and Atlantic City Casinos, are seeing falling revenue as consumers guard their wallets in the economic slump.

The worst spending slump since 1942, will extend the recession, economists say.

Freddie and Fannie, are considering, waiving apprasials on refinanced mortgages. Really, isn't this where we came in?

New U. N. Treaty, may exempt some developed nations from Greenhouse-gas limits

Bank of America, is one of three firms, said to be set to dominate the investment field.

Atlantic Hurricane season is said to be "above average" for the 2009 hurricane season, they are calling for 14 hurricanes,
during that season.

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Ladies, placing your new pantyhose or stockings,in the freezer, will reduce runs in the nylons, naturally thaw them before wearing. )

The House and Senate Democrats, are working feverishly, to craft a bill, that will allow the Big Three, GM, Ford, and Chrysler to receive a loan of fifteen billion dollars. Less than sought by the executives the loan will take them through the first quarter of 2009. They will be monitored by
a yet to be named "Car Czar". This individual will monitor the activiities of the automakers as they try to restructure, and
put themselves on a path to solvency and eventually profitability. He will report back to the Congress and the President, he will monitor all expedenditures of twenty-five million or more. Reportedly, if he thinks the auto companies are not progressing properly, he will be able to call the loan.
The loan will be taken from the twenty-five billion, approved by the Congress in 2008, for fuel efficient cars of the future.
March, 2009 will be the date for a review by Congress, to determine if enough progress has been made by the three companies. The next step will be worked out at that time.
Two of the companies may be merging by that time. There are those that are caling for GM's CEO Rick Wagoner to step down.

Porsche and Volkswagen will be shutting down their plants over the holidays.

BMW and Mercedes-Benz are experiencing falling sales, due to reduced demand for luxury cars, from the economic downturn.

President-Elect Obama, has chosen General Shineski, as his
nominee for Secretary of Veteran Affairs. He is a Vietnam veteran, twice wounded, and a former Commoander in Iraq.

Reportedly 40% of North Korea's population, will need food, in 2009.

The Tribune Company, parent of the L. A. Times, has filed for bankruptcy.

Sony is said to be cutting 8,000 jobs, and closing 10% of its plants. They will also reduce their investments due to sales stalling.

Withe the election of Obama , the September 11 attackers, say they will plead guilty at their Guantamano Bay trials.

The U. K. housing sales, fall to lowest level since 1978.

Can't afford to attend inauguaration, The Stafford Foundation and the Urban League, will provide hotel rooms, gowns, and other clothing, plus limousine service. Interested, e-mail Inaguaration@thestaffordfoundation.org

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Always try to be with people, who will make you a better person in some way.

Well lo and behold, the unemployment job loss number, comes in at a mind blogging 533 thousand job's lost, in the month of November, and all heads started to spin. When they stopped, the Congress fully realized that there was really no choice, but to help the Automobile Industry, stay on its feet, until the next administration comes in, on January 20,2009, and puts together a feasible plan for long term viability of the industry. The unemployment rate moved up to 6.7%, and next week may be worse. A Labor Department spokesman said, in essence, that this was the worse they had seen since the department had been reporting. The department has been reporting for 124 years.

Representative Barney Frank, Chairman of the House Finance Services Committee, said that he, Speaker Pelosi, Majority Leader Reid and Senate Banking Committee Chairman, Chris Dodd, had said all along, that they could not let the auto industry collapse, as this would cause a cascading effect, with dealers, suppliers, and all those other tangents of the industry filing bankruptcy as well, causing a distaster in the country. They will give the automakers, a loan, out of the money already approved for energy efficient automobiles of the future, next year it will be replaced with the TARP fund money, as the new Congrsse and Senate will have more Democrats, which will give them the necessary members, along with the new President, to get something done. Hopefully the underlining problem of health care costs, which are dragging the induatry down, will be addressed soon, as well, to help the industry be competitive. A bill will be formulated and hopefully passed and signed next week.

It was reported today that Chrysler, had hired bankruptcy attorneys. Hang on the possee is coming. Recent word, after meeting with their attorneys, Chrysler decided not to file for bankruptcy. They heard the horses coming.

The President and First Lady Laura Bush, reportedly, recently purchased a home in Dallas, Texas, for two million dollars. The home sits on 1.3 acres of land,located in an upscale section of the area. It has four bedrooms, and four and one half baths. The home next door, was purchased as well, perhaps for the Secret Service.

Nine employees of the State Department were recently suspended, without pay for three days, for snooping into President-Elect Obama's records to find his address. Verizon, had fired some employees for searching Obama's telephone records.

Caroline Kennedy, is said to be interested in the Senate seat, being vacated by Senator Hillary Clinton of New York. Ms Kennedy's cousin Robert kennedy, Jr., was said to be interested as well, but has since taken his name out of the mix. Reportedly, Ms Kennedy has met with Governor Patterson, of New York, to discuss the potential situation. Go Caroline.

Federal Reserve Chairman Bernanke, has urged stronger measures, to stem the foreclosure rate, possibly with taxpayer funds.

Morgan Stanley says, emerging-market, stocks may jump 60% in 2009.

A lawsuit by a Bear Stearns' shareholder, reportedly, was dismissed by a New York judge.

President-Elect Obama's campaign raised seven-hundred and forty-five million dollars, during his campaign. Nobody, nobodeeeee, has ever raised that much money, for an election campaign. It is more than Kerry and Gore raised together.

There is a rumor going around, unsubstantiated, that President-Elect Obama, will be making a big announcement on Monday, regarding what his administration is planning to do, to address specific problems, in the country. He is scheduled to appear for the entire hour, on Sunday with Tom Brokaw, on Meet the Press. David Gregory has been announced as the next host, of Meet the Press.

There is a small restaurant in the Northeast, called Connie's Grapevine Cafe. With times being so hard, also to try to keep customers coming in , they came up with a novel idea. They called it "Pay as you Wish", if you have more money today, you
pay more, if you have less next week, you pay less. They do not put an amount on the check, you leave what you can, as you go out the door. The customer's love it. The owners, came up with the idea, when they saw an older couple, sharing one plate of food, between them. Good job guys, and good luck.

Repeating the good news: If you cannot afford to attend the inauguration of Barack Obama, and want to go, you may contact by e-mail, Inauguration@TheStaffordFoundation.org,
Mr. Earl Stafford along with the Urban League, are joining together, to spend one million dollars, on people who do not have the means to attend the ceremony. Wounded soldiers and others, will be treated to free hotel rooms, limousine service, gowns, and other clothes.

O. J. Simpson was sentenced to at least nine years in prison, for the kidnapping and burglary charges, was well as armed robbery.

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Giving advice may be free, but sometimes not taking, it can be very expensive. You decide.

After two days of meeting with the Senate Banking Committee, the CEO's of the Big Three, GM, Ford and Chrysler, were sent a letter by Senator Chris Dodd, Chairman of the Committee, and Senator Harry Reid, Senate Majority Leader, encouraging the
men, to go and talk to Secretary Paulson, to see if the Treasury Department, would provide the automakers, with a share of the TARP funds, as a short term stop gap, until early next year possibley. It appears that the Senate is not taking too kindly to the plan, presented by the CEO's, for future viability and profitability of their companies. They will appear before the House Committee tommorrow,with possibly similiar results. President Bush has indicated that he is not inclined to make available, any of the TARP money. There will be some sort of bill, next week that may or may not be passed by Congress, to provide less funds than requested, to get the compaines through the end of 2008. GM executives have stated point blank, that they cannot survive, without additional funds, any longer than December 31, 2008. Other executives in the industry have also said in interviews, that if one of the companies fails, they all fail, because of the connection to the sharing of suppliers and other ties, there will be a dominio effect. Three million jobs are hanging on the edge.
One of the problems, in my estimation, is that the Wall Streeters got to Congress first, begging for seven-hundred billion dollars, getting it without any or many strings attached for controlling the outflow or oversight, by Congress, and now, with the auto companies actually in dire straits, they have to walk over the coals, as Congresss is very dissatisfied with the direction Secretary Paulson has taken them. So the automakers have to pay for the lack of transparencey and the misdirection of the seven-hundred billion dollars already doled out by Congress.

Happy News: The Stafford Foundation and the Urban League, are reaching out to those who would like to attend the Inauguartaion of the 44th President of the United States. Barack Obama. The Foundation, and Mr. Earl Stafford will spend a million dollars, to provide hotel rooms, limousines, gowns, and other clothing for the attendees. U. S. wounded solider and others unable to afford to attend, and who are interested, should e-mail to Inaugration@TheStaffordFoundation.org

There was a report of a threat, by a terrorist group, to all of India's Airports, increasing security at each of them today.

Another day of reckoning when the jobs report comes out in the morning.

Reports are that, AT&T will be cutting twelve thousand jobs,
Dupont will cut twenty-five hundred, and Viacom will cut 750.
Pfizer is expected to cut jobs, and Hewlett-Packard is imposing salary freezes.

Capital One will be purchasing Chevy Chase Bank, according to reports.

The Bank of England cuts interest rates, to the lowest since Churchill.

ECB, Bank of England, Sweden, and Norway, all reduced rates to try to counter the recession.

Credit Suisse, to eliminate fifty-three hundred jobs, due to a $2.3 billion dollar loss this quarter.

U. S., China agree to counter crisis, will implement twenty
billion dollar trade deal. The U. S. is accelarating investments, by China banks and state funds.

Payrolls in the U. S., fell to lowest in 28 years, due to deepening recession.

Canada has no Government to assist with economic crisis, after Harper suspends Parliament.

Mexico's stock exchange to implement austere cost cuts, due to slump.

Russian economic slump deepens.

U. S. crude oil futures fell below forty-five dollars a barrel.
A Merrill Lynch analyst, stated that oil, will be below twenty-five dollars a barrel, in 2009.

A Republican Congreswoman from Florida, hung up on President-Elect Obama twice, because she thought she was being punked.
She remembered Governor Palin and her episode with the two Canadian Disc Jockeys, who pretended to be the President of France, maybe.

Speaking of Florida, Former Governor Jeb Bush,he of Bush dynastt fame,is said to be contemplating, running for the Senate seat being vacated by Republican Senator,
Mel Martinez. Mr. Bush was well liked by Floridians, and did a pretty good job as Governor according to many.

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Try each day to learn something new, even if it is only a new word, and if a new word, use it in a sentence or two. Helps to build the vocabulary. Speaking of which, go to:
www.freerice.com, help send rice to the United Nations, for the hungry, and build your vocabulary at the same time, it's fun and addictive.

Although House Speaker Pelosi, has indicated, bankruptcy for
the automakers, is not an option, today the Senate leadership, said the votes were not there, for the bailout bridge loan.
One analyst stated on CNN, that he thought that when the three CEO's of Ford, GM and Chrysler flew to Washington, D. C. , for the hearing with Congress, in three separate private jets, the public turned against the bailout. Very well, but does that mean that the country has to watch while the auto industry goes belly up, as they file bankruptcy? Unemployment is at 6.5%, there are an estimated three million jobs wrapped up with the industry, around the country. The unemployment rate is already going to hit 7.0%, the end of this week or surely next week. Then top that off, with all those people, look out for 10% unemployment, and more people on food stamps, and losing their homes. The banking system received nearly three-hundred billion dollars, without any kind of plan for potential solvency, promise or anything, because Secretary Paulson trusted them, now they are buying other businesses, not lending to the public, paying themselves bonuses, and doing whatever they darn well want to. Yet the auto industry, which is about the only manufacturing, in the counrty, that is still in the business of producing products, even if flawed, must suffer due to the financial entities, frivilous piddling with billions of dollars. Certainly the CEO's of the three auto companies should be held accountable, but there are workers, and families out there, who depend on these companies for their livelihood, what about them? Do not tag these companies with bankruptcy, which would be the kiss of death, in my estimation, no matter how structured and protected it is. No one, in their right or wrong mind, would purchase an automobile from a company in bankruptcy. Additionally, it may be too late, the ship may have already sailed, and the companies, may not be able to regain the confidence of the people. We may have a fiasco that is going to turn into chaos regardless. Unless we are wrong, this is going to affect the U. S. stock market tomorrow, as anticipation of a collapse of at least GM, is thought to be imminent, unless President-Elect Obama can persuade the current Congress to make the bridge loan. Stay tuned.

More details from Mumbai, another timed bomb, the fifth one, was found at the train station initially attacked, and was defused. The captured terrorist said the ten of them, were trained for a year and a half, prior to coming to Mumbai. They were reportedly trained by former Pakistani Army officers. The terrorists were given code names, and did not know what the other was being trained to do. A fisherman, in Mumbai, had gotten a tip, that there were going to be terrorists, who would come to Mumbai, by way of the harbor, he gave the information to the Indian police, who did nothing. There was heightened security for a while, then it was reduced. Secretary Rice, who was in Mumbai today, urged Pakistan to co-operate fully with India, and also to curtail the activities of those militant groups within it's borders.
Others have noted that Pakistan, does not understand that eventually, they will be destroyed by the very militants that they seemingly allow to terrorize others. The captured terrorist, reportedly, is going to be charged, and the ultimate penalty, death by hanging, is going to be requested.

The ECB may become more aggressive with interest rate cuts, due to the deeping recession.

State Street, is said to be cutting 1,700 jobs in the near future.

Asian stocks fall, as Japanese captial spending slumps.

New Zealand cuts rate from 7.0% to 6.5%.

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If you are determined to put all your eggs in one basket, make sure there are separate compartments in that basket.

U. S. House Speaker Pelosi, made it clear today, that bankruptcy, for the three auto giants, GM, Ford and Chrysler,
was not an option, for various reasons. One of which could be the three million employees who would be out of various jobs, in and tied to the industry. GM, according to reports, needs four billion to survive 2008, with a total request from the Government of eighteen billion dollars. The CEO's took their plans to Washington, D. C., for review, and received slightly favorable reviews, so that they can expect to receive the bridge loan of twenty-five billion dollars. They are said to be willing to take one-dollar as a salary, sell some of their models, and make other cost cuts, to try to stablize the companies for the future, including delivering smaller, more gas efficient cars,as well as hybrid models.

The auto industry sales, as a whole fell 37%, as the economy continues to slump, according to recent reports.

Toyota's sales, reportedly, plunged the most in twenty-eight years.

A United States official is reported, to have stated that,
Islamic militants were responsible for the attack on Mumbai.

UK's consumer confidence level has fallen to the lowest level,
since 2004, as economic trends move downward.

FDIC Chairwoman Blair, stated, reportedly that stemming the foreclosures, in the U. S., will be the key to curtailing the economic crisis.

Merrill Lynch, reports indicate, has been approached by money managers, to start an Asian bond fund.

British Air and Quantas, are engaging in merger talks, according to reports. Both companies cite positive aspects for each, if they merge.

Governor Bill Richarson, of New Mexico, will be introduced on Wednesday, as President-Elect, Obama's nominee for the Secretary of Commerce. He will be the first Latino Secretary of Commerce in the U. S., reports state. He made a bold move during the election, when he switched his allegiance to Obama from Clinton, with James Carville going ballistic, and calling Richardson a Judas. Some asked the question at that time, if Richardson was Judas, who was Jesus? Good question, still haven't gotten the answer.

Secretary of State, Condaleeza Rice, a concert pianist, played for the Queen, in England, something she had said she wanted to do, before the current administration left office. Wishes do come true.

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When climbing ladders, always make very sure, you have your parachute somewhere handy.

Well it's official, the U. S. is in a recession. Fact is, we have been in a recession, according to the experts, since
December, 2007. This is a global recession and they last for 16-18 months. This also may be much deeper than an ordinary global recession, becasue of the sub-prime mortgage crisis, reaching overseas, to many foriegn countries.

The stock market heard the word recesiojn, and went beserk, losing nearly 700 points.The overseas, markets are following suit as usual. This week may be a pitiful thing to see, as far as weakness on the DOW and all maekets for that matter.
Retail sales are not as good as they have to be just to break even. Later this week, unemployment numbers may push the job loss rate up close to 7%, in the U. S., another causation for market panic.

President-Elect Obama inteoduced his diverse Security team, which has been called one of the strongest, possibly in U. S.
history, Senator Hillary Clinton, Secretary of State, Robert Gates, Secretary of Defense, staying on, Eric Holder, Attorney General, Susan Rice, permanent, U. S Ambassador to the U. N. (Cabinet level position), Major General James Jones, National Security Advisor, and Governor Janet Napolitano, Secretary of Homeland Security. Mr. Obama said basically, that he wanted strong, smart people who would vigorous debate the issues and come up with the best decisions for the country. I'd say he got his wish.

It had been reported that there was no warning to India regarding the attack on Mumbai, but it has been revealed that the United States and another intellengence group, informed Indi, that terrorists may have been coming from the sea, and would attack a hotel, possibly. India had extra security for a while, then they reduced it a short while before the terrorist
arrived in the country. They came by sea, hijacked a ship, killed the captian, and used a dingy to come ashore, mingled with the crowds and eventually, carried out their plans.
The terrorists were identified as coming from Pakistan, trained in that country by outlaw Pakistani terrorosts. there was a cell phone found and an e-mail, tracked back through a Russian server with a Pakistani user. The lone captured survivor, filled in the details of the information, he is from Pakistan as well, he said as all the other men who were with him. The Pakistan Government denies that they had anything to do with the attacks. Some feel thay, there had to be some local involvement, based on the knowledge the terrorist had about the lay of the land. Yesterday, reportedly, another bomb blast went off in eastern India.

Secretarty Rice will be in India on Wednesday to met with officials, she is urging Pakistan to fully co-operate, with India in determing who is respomsible for the tragedy.
Ms. Rice is trying to keep the two countries, concentrating on finding out who was actually respomsible for the attack. The Indian Government is being put under extreme pressure to respond to the attack, against Pakistan. Pakistan sauys it had nothing to do with the attacks. Tricky, tricky.

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Think beautiful thoughts.