Nov 7, 2008

The Daily Buzz - Look Out Below! General Motors Is Coming Down!

-Things are getting bad - General Motors posted a worse than expected $4.2 billion loss and burned through $6.9 billion in cash in the third quarter.

-Focus on the Family founder James Dobson admits that he is currently in a grieving process over the results of the presidential election.

-Whoa! Antigua's prime minister wants to rename the island's highest mountain peak "Mount Obama" in honor of Barack Obama.

-3 "superbanks" (Bank of America, JPMorgan Chase and Wells Fargo) now dominate the banking industry.

-That didn't take long - Democrats in the U.S. House of Representatives are conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the government.

-Among voters who attend church once a week, McCain defeated Obama, 55% to 43%.

-Mandatory internet censorship is coming to Australia.

-Is the sun changing?

-Is there evidence that the 2008 election was corrupted by vote fraud?

-Scientists have found that the bird flu virus "hides" from the immune system.

-Lastly, is Wall Street less than thrilled about the election? The stock market has lost 10 percent in the past two days.

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