News Blogs: November 2008 Archives
8:27 PM Wed, Nov 26, 2008 | Permalink
|
It may never have to shell out every cent of it, but the U-S has now pledged a staggering $7-trillion dollars to stop the financial meltdown. That's equivalent to $24,000 for every man, woman and child in America.
The Associated Press estimates the figure at $7-trillion and Bloomberg estimates the figure at $7.7-trillion.
The total committment dwarfs the original plan by the Treasury Department to shore things up with a $700-bi...
8:59 PM Thu, Nov 20, 2008 | Permalink
|
The federal government is throwing money at the financial crisis so quickly many taxpayers might have lost count. Let's bring you up to date.
Forget the so-called $750-billion dollar bail out. We have gone well beyond that figure.
There is actual spending, along with guarantees, loans, swaps and other complicated measures taken by the Federal Reserve and the Treasury over the past year. Remember the AIG bailout and others? Acco...
10:45 PM Tue, Nov 11, 2008 | Permalink
|
Under normal circumstances there's a need for the traditional holiday meal for those who can't afford it. The local community has always responded to that need, but circumstances have changed.
Wage freezes, cutbacks in spending and a tragic economy spawning layoffs is pushing the need even higher and donations ever lower. It's a double whammy! Just at the time when the need is the most many can't afford to help.
So I'm writing ...
