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Today's world headlines

Saturday, July 18, 2009

Hope And Change News Alert: "Jobless rate tops 10 percent in 15 states",...

This speaks for itself

washingtonpost.com: "WASHINGTON -- Fifteen states have crossed a painful threshold: 10 percent unemployment. More states, and the nation, likely will follow, one of the biggest dangers to an economic recovery.

How consumers behave in the face of rising unemployment will figure prominently in shaping a broader rebound. If they go back into hibernation and sharply cut spending like they did at the end of last year, the recovery could cave in. More likely is that consumers will stay cautious, making for a fragile and slow-moving national economic turnaround, economists said." more


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

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