So Dear Reader, with so much going on within the last couple of days, let’s try to get up to date.
Democratic candidate Barack Obama met Republican John McCain for round two of the Presidential debates Tuesday night. Most analysts concur that Obama won that debate despite the Town Hall format allegedly being one of McCain’s strong public campaigning assets.
And on the economic front…
Because of Wall Street’s “free fall” over the last few days, a couple of foreign stock markets are actually suspending operations until Monday, October 13th. This action has led some to call for a summit of the global powers. When and where this historic meeting might occur were unknown as I post this.
Meanwhile even OPEC is planning to discuss the current global economic situation amongst their members since crude oil prices have dropped 40% since their historic benchmark barrel price in July 2008. This leaves many consumers yet in further doubt as to what gasoline and home heating oil prices will be in the coming months.
AIG has just been granted another 38 BILLION dollars in bailout funds, despite the fact that $400,000 of the previous grant was spent on a CEO retreat!
Announcements of third quarter results for most major companies are pending, but a lot of nervous investors do not expect good news.
And in case anyone is interested, the names of John McCain lobbyists that Mark Slackmeyer is currently reading within this week’s Doonesbury is supposed to be as accurate as humanly possible.
But with everything going on in the world right now, does anyone actually know where Dick Cheney has been of late?
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