Friday, December 5, 2008

Economy is Losing

The economy is losing and still losing. During November 2008 the US economy lost another 533,000 jobs bringing the total this year up to nearly 2 million.

The new figures, released by the Labor Department Friday, showed the crucial employment market deteriorating at an alarmingly rapid clip, and handed Americans some more grim news right before the European "holiday" Xmas.

I can see families already going to the dollar store for gifts this year. Five bucks for all five of your family's the thought that counts ( Got a big family; 15 bucks!

The financial squeeze is being felt globally. You would think maybe all the countries would come together to have one global financial market in this type of break down.

533,000 in one month!

Where to Go in a Rough Economy


"These numbers are shocking," said economist Joel Naroff, president of Naroff Economics Advisers. "Companies are sharply reacting to the economy's problems and slashing costs. They are not trying to ride it out."

The unemployment rate would have moved even higher if not for the exodus of 422,000 people from the work force. Economists thought many of those people probably abandoned their job searches out of sheer frustration. In November 2007, the jobless rate was at 4.7 percent.

The U.S. tipped into recession last December, a panel of experts declared earlier this week, confirming what many Americans already thought.

Since the start of the recession, the economy has lost 1.9 million jobs, the number of unemployed people increased by 2.7 million and the jobless rate rose by 1.7 percentage points.

Bundle up it may be a cold winter even in warm climates.

Randall Watson reporting

Chicago Funnies

Tuesday, December 2, 2008

Here's 21 Million now Leave

"Here's 21 million bucks; now leave us alone!" That is what the New York Knicks are telling Stephon Marbury to do.
Why won't anyone pay me 21 million and tell me to 'can' this Chicago Funnies crap huh? Give me a few dollars and I will sheesh (stop laughing).
So the one time all star and his drama thus far this year has got team GM Donnie Walsh to ask Marbury to leave the Knicks alone while they figure out what they are going to do to him.
I feel sorry for the self proclaimed "Starbury" because he is being treated like this. But at the end of the day he will have 21 million more reasons to actually feel sorry for me. He should have just done what he was asked even if it hurt his ego; and diminished his appeal for next year when he's a free agent.
But some guys are not use to taking that back seat; look at Steve Francis; he's been tarnished and he was the number one starter in the all-star games for years in a row.
Remember Glen Gary Glen Ross - "go to lunch; will you go to lunch - GO to LUNCH..." Marbury; will you go out of town... - Donnie Walsh and the Knick organization. If he's that bad NYC; give him his 21 million owed (by contract); and leave it alone. Stop trying to buy him out when he won't allow it.
Randall Watson
Chicago Funnies