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.
