Global markets are collapsing today
America Blog Oct 06 08If there were any doubts about whether this would be a US recession or a global recession, I think the markets spoke today. Asian markets crumbled and European markets ranged from 7.07% in Germany to 9.04% in Paris. The Brazilian Ibovespa market has fallen hard today and Wall Street is not pretty in any way. The Chinese Shanghai market is well over 50% down from its peak and India is worse and let's not forget about the Russian exchanges being halted three times in the last few weeks due to rapid declines.This is going to take a while to correct but even thinking about recovery is a distant dream this week. Full story...
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Food stamps hit record high in US
America Blog 4 hours agoAnother proud moment in compassionate conservatism. Bonus money for the failures on Wall Street and food stamp record numbers for the poor.
Harvard endowment loses over $8 billion, possibly more
America Blog 6 hours agoAmerica's "best and brightest" are not doing very well either on Wall Street or minding their own shop.
No one could have predicted that the religious right hates gays and cares about gay marriage
America Blog 7 hours agoRolling Stone:
From the start, the leaders of the No on Prop 8 campaign and their high-priced consultants failed to realize what they were up against.
Why doesn't ABC News just become a blog and get it over with?
America Blog 8 hours agoSome "real" journalists understand how to blog. That would include Jake Tapper at ABC (and Ben Smith at Politico).
Senator DeMInt wants Capitol Visitor Center to focus on religion
America Blog 9 hours agoThe U.S. is not a theocracy, thank god. Although there are members of Congress who want it to be one.
The entire national mall will be used for the massive crowds expected at Obama's inauguration
America Blog 11 hours agoThe entire length of the mall -- from the Capitol to the Lincoln Memorial -- will be used for the crowds at Obama's inauguration.
In Maine, Women rule
America Blog 12 hours agoMy sister, Sharon, wanted to make sure I saw the following article. In Maine, the new Speaker of the House, the new President of the Senate, the new Attorney General, the Chief Justice of the Supreme Court, the two U.
133 ballots have gone missing in Minnesota Senate race
America Blog 13 hours agoOops. And it just happens to hurt Al Franken's bid for the Senate. No one could have predicated that would happen.
Obama has a 78% approval rating
America Blog 14 hours agoThat's kind of like Bush's approval rating, but in reverse. Via MyDD:
President-elect Barack Obama gets soaring marks for his handling of the transition and his choices for the Cabinet, a USA TODAY/Gallup Poll finds, even at a time the public is downbeat over the economy.
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