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As dire economic headlines go by, what goes through your head? by Anne Tallent | October 13, 2008 at 8:00 am At Sunday’s news meeting, we started talking about an upcoming story on the economy – what we wanted to know and what was on our minds: Employment security. Recession-proof industries.

World’s stock markets plunges! That was the news that greeted me when I woke up early this morning. Was I shocked? Not really. I was expecting these kinds of news. And the bad news continues. Iceland is on the brink of bankruptcy. They’ll have to go back to fishing to sustain their economy.

[Blogger's Note: This is an interesting article titled "SECURING DEBT TRANSACTION" from Bikoy's site intended for those who are engaged in debt transactions. I hope you may find salt in this article as the PINOY BLOGGER had.] Unless you intend to give your money away to strangers and to your friends then don’t read this blog.

County in Illinois is suspending foreclosure evictions Digg - Business & Finance Thu, 10/09/2008 - 12:42 "These mortgage companies only see pieces of paper, not people, and don't care who's in the building," the sheriff said. "They simply want their money and don't care who gets hurt along the way ...

After much reading and constructive debate on my own time I think it is apparent that the US economy stands on the proverbial cliffs edge. Obama needs to be blunt about this in the next few days with America. read more

The common complaint about the newly minted federal bailout plan is that it rescues Wall Street but ignores Main Street. There are signs, however, that Main Street is due for a little relief -- though not necessarily from Congress.

Is it just me or has anyone else noticed that there is a pattern with Congress passing legislation that the American people do not want and know is not in their interest?  First they kick it around a little and then have a vote or two that fails to pass the proposed bill.  Then they tweak the bill

*** DOW DEATH SPIRAL™ ***Dow Jones Industrial Average Index Value: 10,365.45 Trade Time: 4:14PM ET Change: 777.68 (6.98%) Prev Close: 11,143.13 Open: 11,139.62 Day’s Range: 10365.45 - 11139.94 52wk Range: 10,266.80 - 14,280.00 THE MOTHER OF ALL DIVE, DIVE, DIVE!

Wall Street and Capitol Hill are in a frenzy. They are waiting for the much anticipated coming… the huge, gigantic $700 billion US dollar, superman bail-out of what seemed to be the obvious failure of corporate capitalism. If you’re a Reyna reader, I’m sure you already know what this esoteric term “mortgage-backed securities” means.

Everyone in the country is talking about the Paulson Plan, wherein one clause would make Paulson de-facto financial dictator of the United States, accountable to no one. The article is a summary of my brief investigation and asks for help in finding out WHO IS THIS GUY?