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economy

Recession-Proof Jobs

There are thousands of college students set to graduate in 2009, many entering directly into the headwinds of a recession that has claimed hundreds of thousands of jobs in the past year. 


Post-Grad Living

Economic disaster has quickly swept across the country. In October 2008, millions of Americans watched their financial investments disappear and hundreds of thousands have lost their jobs since. 

To alleviate extreme revenue loss, businesses nationally have laid-off an unprecedented number of employees, and the number of available jobs is steadily dwindling.


Britain Calls Iceland Terrorists

On October 8th, Great Britain Prime Minister Gordon Brown placed Iceland on their terrorist list.


It passed.

So the bailout finally passed the House and the Senate, after $107 billion worth of bribes and oddities were added to sway different members of Congress.  Bush signed the bill two hours after it passed the House and the media swarmed, as usual.

Here's the biggest issue for me.  I still have NO IDEA what the implications of this bill are.  I know that it bails out the wealthy who got into the whole mess in the first place.  And I know that the middle class, as always, is getting screwed.  But I don't know what it means for me, a 20-year-old college junior.  I can see the effects of our faltering economy -- I serve at a restaurant and far less people come into eat.  I see it in astronomically high airfare prices and gas prices.  I know less students can afford college and more people are faltering on their mortgages. 

Is this bill going to fix that?  I'm guessing not.  But I couldn't tell you for sure, because I don't understand the bill.  


Are the candidates really all that important in this financial crisis?

Amidst a terrifying financial crisis that many of us don't fully understand, there are still elections to look forward to. Elections that more or less have nothing to do with the financial crisis, as realistically the candidates are as clueless as the rest of us. As I compulsively check my Yahoo mail every hour, I only see news related to the economy. This is to be expected, of course, but I still want to hear about the candidates. I pass over ten or fifteen articles focused on the economy and then suddenly I see "Obama" and "McCain" mentioned in the title. Yes, the article is still about the crisis...but now it has a little more zing to it.

But they've got nothing to do with getting us out of it at the moment. All they can do is use the crisis as a talking point...which failed miserably during Friday's debate. We have to remember that we can't rely on our candidates to do everything for us. As of right now, they're only two Senators. But we can't help it when we see their names attached to a story. We love the words "Obama", "McCain", "Palin" and to a lesser extent "Biden". The words are all that matter.


The debate goes on?

John McCain claims it is time to put politics aside; time to focus on the issues and fix our economy.  Barack Obama, on the other hand, is claiming that dialogue is important more now than ever.

Doesn't that make sense?  Should each of the individuals that might be running our country let the voters know what they intend on doing with the economy?  It seems to me that McCain is running from having a dialogue.  

 

http://www.nytimes.com/2008/09/25/us/politics/25mccain.html?_r=1&hp&oref=slogin


Paper, Time Running Thin

I've never been one to worry about finances. That's not to say I shouldn't, or I haven't freaked out before. It's just that I've always had a presiding feeling that everything will always work out. I guess you could say I'm a proponent of laissez-faire economics.


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