September 25, 2008
Tour De Fat
Tour De Fat came and went. I have never gone to an event like this before. I had a blast but what was even greater was to find out there is a cause to Tour De Fat. Not just beer drinking and another event for craziness. But enjoying bike riding more than driving. A lady here gave away her Saab black convertible for a bike for a charitible cause. And it was local cause too. All the proceeds go to the cause as well. I thought just to let it be known that is a great event and there was a great goal.
Troy Davis
Recently, on NPR i heard of a man from Georgia, Troy Davis, to be executed by lethal injection. In this instance, he is charged with murder... a cop. This happened in 1999.Two hours before his execution, the supreme court called it off for a re-trail. Troy did not hear from the guards he was not going to be executed but from watching T.V. The media knew before he did. How is that even appropiate to a man who is about to die and waiting to hear first hand about his situation? But some how the information about the re-trail made it to the media first than this persons life?? I think this is totally unsuitable how this situation was handled.
September 17, 2008
US government rescues insurer AIG
On BBC online, "The US Federal Reserve has announced an $85bn (£48bn) rescue package for AIG, the country's biggest insurance company, to save it from bankruptcy.
AIG will get an $85bn loan, in return for an 80% public stake in the firm.
The rescue follows the collapse of US investment giant Lehman Brothers, which caused share prices to plummet across the world's financial markets.
Authorities are hoping the bail-out will avert the threat of a global financial meltdown.
The Fed's move is viewed by some as the most radical intervention in private business in its history and has helped fuel a tentative rally on global stock markets." How risky can this be for the national and world economy? Is this going to future disadvantage the economy to pull back up?
AIG will get an $85bn loan, in return for an 80% public stake in the firm.
The rescue follows the collapse of US investment giant Lehman Brothers, which caused share prices to plummet across the world's financial markets.
Authorities are hoping the bail-out will avert the threat of a global financial meltdown.
The Fed's move is viewed by some as the most radical intervention in private business in its history and has helped fuel a tentative rally on global stock markets." How risky can this be for the national and world economy? Is this going to future disadvantage the economy to pull back up?
Cover on US weekly! ! !
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