I thought this was a good Q&A about the various government bailouts. Note to Sen. Johnny Isakson: I think it's OK to call them that now.
I gotta tell you, though, saying that "Fed Chairman Ben Bernanke is arguably the world's leading expert on the Great Depression" doesn't fill me with the confidence it's probably intended to.
By the way, McClatchy, the company that owns The Macon Telegraph, announced plans yesterday to cut 10 percent of its work force. That's more than 1,100 jobs.
The Telegraph hasn't said how many jobs it will need to cut as part of those plans. Assuming we do lose some jobs, that will be the fourth or fifth round of layoffs here at the paper since I joined the staff 8 years ago. Maybe more. It's hard to keep count.
I'm headed to Arizona tomorrow for the weekend. Tune in Monday to find out if I still work here.
4 comments:
Ravi Batra gets it but no
one listens til they get their
post crash mutual fund statement:
www.ravibatra.com
Batra's 4 repeating Economic cycles:
Laborers
Warriors
Intellectuals
Acquisitors
Keich, Ravi is in Dallas at SMU. See if you can get an interview with him and record the transcript for us.
Travis, skip down to Mexico on your AZ visit. Bring us back as many peso's as your severance pay will allow. Peso's only way is up...
"The fundamentals of our economy are strong."
"I am talking about the people"
LOL
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