Oct 6, 2008

The Daily Buzz - The Dow Falls Below 10,000 As The Market Is In Freefall

-The Dow has fallen below 10,000 for the first time in 4 years as the stock market is in total freefall mode.

-Fears are now mounting that many Wall Street banks and financial firms will actually refuse to participate in the U.S. government's $700 billion bailout package.

-Are state and local governments the next ones who will need bailouts?

-Meanwhile, the commercial paper market is imploding.

-Renowned financial reporter Ambrose Evans-Pritchard says that things could get really, really bad.

-So far the bill for all of these financial bailouts is over $17,000 per household.

-Did JP Morgan "bring down" Lehman Brothers?

-The L.A. Times is reporting that supermarket prices for 16 basic food items surged to a record in the third quarter.

-The economy of Iceland is totally collapsing.

-The police in India responsible for protecting Christians against the onslaught of Hindu violence are reportedly neglecting their duties.

-The Vatican asks why should we not talk about an "extraterrestrial brother".

-Protests got a Jews for Jesus radio ad pulled from a radio station in Israel.

-Ending on some really bad news, scientists say that now 1 in 4 mammals faces extinction.

No comments:

Post a Comment