53% of Americans think a Depression is Likely; SC Gov Sanford rejects Stimulus; AL gunman kills 12

2,714 views · Published 11 March 2009 · 6:09 · Indexed 4 October 2026

Channel: DEMCAD · 2009 · News & Politics

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Powerful Rally Shakes Stocks Out of Slump 
•Citigroup, GM, GE Power DJIA; Nasdaq Leaps 7.1%
•The Dow Jones Industrial Average rose 379.44 points, or 5.8%, to 6926.49
•Big rallies make me nervous, but they are usually accompanied by even bigger drops.
http://online.wsj.com/article/SB123668017809981927.html?mod=article-outset-box
Be careful!
•Credit Is Tightening Again
•*I definitely think that this is a false.
•*Do you trust a rally that fueled by Citigroup and GM?
http://www.cnbc.com/id/29616006

53% of Americans Think Its Likely U.S. Will Enter Depression Like the 1930s
•Rasmussen
•Senator Specter agrees, Our economic problems are enormously serious, more serious than is publicly disclosed. And I think were on the brink of a depression
http://www.rasmussenreports.com/public_content/business/general_business/53_say_it_s_likely_the_u_s_will_enter_a_depression_similar_to_1930_s


Men Suffer Greater Depression During Unemployment
•According to Dr. Brendan Burchell from the University of Cambridge's sociology department, it was partly due to the macho issue concerning men being the breadwinner" in a family.
•"Men, unlike women, have few positive ways of defining themselves outside of the workplace between when they leave school and when they retire,"
•*maybe thats why men die sooner, once they jobs are done, they lack purpose
•*Men think of themselves as providers
•*Women look at you differently when you dont have much money.
http://www.redorbit.com/news/health/1652155/men_suffer_greater_depression_during_unemployment/

South AL gunman kills 12 people during a shooting spree
•Michael McLendon of Kinston, AL
•shooting spree covered two counties (Coffee and Geneva) which led to Reliable Metal Products company in Geneva
•a former employee of RMP
•fired 30 shots at the city police chief
http://www.wsfa.com/Global/story.asp?S=9982408

National Semiconductor to cut 1,725 jobs
•1/4 of its work force
http://www.msnbc.msn.com/id/29633321/

AT&T to add 3,000 jobs 
•invest $17 to $18 billion in 2009 capital spending.
http://money.cnn.com/2009/03/10/news/economy/att_adds_jobs/?postversion=2009031016

Connecticut suffering
•The State of Connecticut says 3,600 jobs were lost in January
http://www.msnbc.msn.com/id/29603509/

Continental AG to Cut 1,900 Jobs as Two Tire Plants Are Closed
http://www.bloomberg.com/apps/news?pid=20601100&sid=aQi9WNKUs280&refer=germany

Sony Pictures cuts 350 jobs
http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/03/sony-cuts-350-j.html


UBS lost $18 Billion in 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aiFu_cKgqtzY&refer=home

Another one bites the dust
•supporters of Israel didnt like them
•Charles W. Freeman Jr.'s abrupt withdrawal from his appointment as chairman of the National Intelligence Council
http://www.politico.com/news/stories/0309/19856.html

Pelosi: Congress Needs to 'Keep the Door Open' to Second Stimulus Package
•first stimulus was $787 billion
http://www.foxnews.com/politics/2009/03/10/pelosi-congress-needs-door-open-second-stimulus-package/

US says 'difficult' to halt Iran nuclear drive
•US intelligence chief Dennis Blair warned that it will be "difficult" to convince Iran to give up its alleged nuclear weapons program through diplomatic means.
•*Considering what we did to Iraq, Iran probably wants insurance against a U.S. invasion. 
http://www.breitbart.com/article.php?id=CNG.d86d42705692b933fd23e1e05bcd251c.8b1&show_article=1

South Carolina's Sanford to become first governor to reject funds
•Gov. Mark Sanford
•He must be running for President
http://www.mcclatchydc.com/politics/story/63706.html

Shadowstats.com
•Real Stats on inflation, unemployment and GDP
•Im not being paid by anybody
http://www.shadowstats.com/alternate_data

Labor Stats, Alternative measures of labor underutilization
http://www.bls.gov/news.release/empsit.t12.htm

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