California Senate passed the state’s budget
-Without a new budget, 276 public works projects would have been stopped
-an additional 10,000 state workers would have been laid off.
http://www.cnn.com/2009/POLITICS/02/19/state.budgets/index.html

We now have 4.99 Million Americans collecting unemployment
-Accoding to the Labor Dept., total benefit rolls surged by 170,000 in the week ended Feb. 7
-First-time applications for unemployment benefits were higher than economists projected
http://www.bloomberg.com/apps/news?pid=20601087&sid=aF6×7A2eBvxU&refer=home

Why This Recession Feels Different
*because it is different
*everybody is feeling the heat
http://www.cnbc.com/id/29278060

Wholesale inflation takes biggest jump in 6 months
-the Labor Department is reporting that wholesale prices increased by 0.8 percent last month
-wholesale prices increased by 0.8 percent last month
-much more than the 0.2% that economist had predicted
http://finance.yahoo.com/news/Wholesale-inflation-takes-apf-14410311.html

South Carolina’s Republican governor says that he’ll take the stimulus money
-despite misgivings
*so let me get this right, you think that it’s unhealthy for the country, but you’ll take it anyway.
*politicians never turn down free money
http://www.google.com/hostednews/ap/article/ALeqM5iMHH1qsaU_80ewyPlhAhGDnoONIwD96EMVR80

Obama Stimulus Saves Microsoft Billionaire, Paul Allen, Hundreds Of Millions
-he owns majority stake in Charter Communication
-Charter was planing on going into bankruptcy to reduce its $8 billion debt
-Allen’s debt is about 4 billion, and he’ll owe 25%….that’s 1 billion
-normally, Charter would have to pay taxes on the forgiven debt,
-but now they don’t have to pay it until 2014, Allen won’t have to pay it all of until 2018

Goodyear will cut nearly 5,000 jobs this year
-21% decline in revenue
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/18/AR2009021803514.html

Delta Air Lines to cut 2,100 jobs through buyouts
http://www.reuters.com/article/ousiv/idUSTRE51I3J320090219

The Obama administration estimates that the Stimulus will save, create 215,000 NY jobs
-interesting how they worded it.
http://www.forbes.com/feeds/ap/2009/02/18/ap6066299.html

Octuplets’ family reportedly faces foreclosure
-lady with 14 children
http://www.cnn.com/2009/US/02/19/octuplets.foreclosure/index.html

Realism is not pessisism
-Titantic (pointing out a problem)

Duration : 0:6:32

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