The natioanl unemployment rate rose again to 6.5%, the highest in 14 years.  All in all, over 1.2 million jobs were shaved from the US economy in 2008.  Over 240,000 jobs were lost in October alone.  Compaines such as General Motors, Ford and General Electric continue to cut jobs.   The stockmarket has also lost over 900 [...]

In the days follwoing the US presidential election, the stock market began another sell-off, to the tune of over 500 points.  Obama portrayed a somber mood, even during his victory speech.  It has been reported that fireworks were planned, but Obama cancelled them.  He cited that this is no time for such a celebration, with all of [...]