Opinion Prone

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Posts Tagged ‘ Bandai ’

More Econ Woes & FUNi’s Domination

July 11, 2008 Editorial, News Comments Off on More Econ Woes & FUNi’s Domination

The office did some seating rearrangements this week, and as a result, I now sit in front of one of the wall TVs that has CNBC on all day. So for eight hours a day, I have a perfect view of the constant live coverage on Wall Street. As if the last few weeks haven’t been bad enough, this last week seems to be one new record after another. Today, both the DOW and the S&P 500 have hit a two-year low? Crude oil hit another record high ($147.27/barrel), though it did drop back down to $145 before I left. I don’t really know what the hell Freddie Mac and Fannie Mae are (okay, okay, so they’re country’s two biggest mortgage buyers). but opening at an almost 50% drop in share prices can’t be good for anything, right? Lehmen Brothers is also down 20% today or something like 80% from several months ago. The stock ticker seems to be a perpetual stream of red arrows. Don’t forget the dollar is still steadily dropping against other major currencies. There are so many headline-worthy stories of woe that the news anchors seem ever flustered at picking topics. Interviewees called in don’t really know what the hell they’re supposed to talk about first because there’s so much to address.

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