economy

The Treasury turned a handsome profit on Bank of America warrants

I strikes me a bit, because all I hear the national radio wing nuts talking about is the "Obama Recession"...

http://www.google.com/search?hl=en&rlz=1T4GGIH_enUS236US236&q=%22obama+r...

I'm not sure how that was ever suppose to work, but maybe this will shut them up for a about 10 seconds...who I'm I kidding, fact never mattered before, why should they now.

http://money.cnn.com/2008/12/01/news/economy/recession/index.htm?postver...

This story out today - link to text of letter from Gov. Schwarzenegger

http://www.reuters.com/article/marketsNews/idUSN0334646220081003

A bad day for the GOP on politics, bailout plan
Friday September 26, 5:16 am ET
By Charles Babington, Associated Press Writer
Uncertainty dawns after bad day for Bush, McCain and the huge financial bailout plan

The price of oil has made a record jump to nearly $139 a barrel, amid reports it could reach $150 by July because of rising demand and political tension.

The spike in oil prices coincided with a dollar slump, plummeting share prices on Wall Street and US unemployment suffering its biggest rise in 20 years.

Voinovich: ‘We’re kinda bankrupting this country.’

There was a point yesterday morning when the most visible sign of metro Toledo’s struggling economy stretched more than 600 feet through a parking lot in Rossford.

Hundreds of people — many unemployed for months — began lining up before dawn yesterday as outdoor retailer Bass Pro Shops began hiring 250 to 300 employees for its 150,000-square-foot store under construction in Rossford.