Ord Talk

The hospital goons ridiculed citizens who were concerned about the solvency of Medicare and if the critical access hospital payments would continue at the same rate. At this time the world is plunging into financial disaster. You would think that NOW the county supervisors might be concerned about their $25 million dollar boondoggle, put the skids on ground breaking, and save the county from a huge saddle of debt. But no, these supervisors are merely puppets, meek and subservient to their controllers. The entire western economy is crumbling, but Ord will be just fine....

Wall Street tumbles amid global sell-off
By JOE BEL BRUNO

AP
NEW YORK -Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. The Dow Jones industrials skidded more than 500 points and fell below 10,000 for the first time in four years..... Global banks, hobbled by wrong-way bets on mortgage securities, remain starved for cash as credit has dried up.
That has sent stocks spiraling downward in the U.S., Europe and Asia, and driven investors to sink money into the relative safety of U.S. government debt. Fears about a global recession also caused oil to drop below $90 a barrel.

The selling was so extreme that only 98 stocks rose on the NYSE — and 3,114 dropped. That's a telling sign considering the stock market is considered a leading economic indicator, with investors tending to buy and sell based on where they believe the economy will be in six to nine months.
Monday's steep decline on Wall Street indicates that investors are becoming more convinced that the country is leading a prolonged economic crisis that is spreading to other nations. Over the weekend, governments across Europe rushed to prop up failing banks, while the governments of Germany, Ireland and Greece also said they would guarantee bank deposits.
As the U.S. tries to repair its battered banking system, the German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG. And France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.


Broader indexes also tumbled. The Standard & Poor's 500 index shed 65.13, or 5.93 percent, to 1,034.10; and the Nasdaq composite index fell 128.88, or 6.62 percent, to 1,818.51. The Russell 2000 index of smaller companies dropped 36.45, or 5.88 percent, to 582.95.
In Asia, the Nikkei 225 closed 4.25 percent lower. Europe's stock markets also declined, with the FTSE-100 down 5.20 percent, Germany's DAX down 7.07 percent, and France's CAC-40 down 9.04 percent.


"Wall Street at this point is shifting its attention from whether Congress was going to act on the emergency stabilization bill to the realization that the economy is slowing significantly faster than most analysts had expected," he said. "The downturn has shifted from first gear to about third gear in about two weeks."
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Glad to hear it Mabel!

Dee-El

We are happy for you, Mabel.

Ben Lansman and the OHS students from the American Government and Current Events classes came up with a great forum for the school board candidates. If you weren't there you missed the sharing of ideas and seeing where the candidates stand on the issues we are facing. I think we need more of this in local politics so we can make informed choices.

GO BIG RED!!!!!!!

Kick some Bootie!

Godspeed to you Dave Schiedler.....

Cute Cartoon!