Update: Croom resigns
It is 31 – 0 at halftime in the Egg Bowl.
Another humiliating loss for the MSU Bulldogs.
If I have to hear another announcer drone on about how “Croom is doing it the right way,” or some other such happy-sounding BS, I think I will barf.
Croom has had 5 years to do it, right way or not. His teams can’t run, can’t pass, can’t block, can’t tackle, can’t kick, and can’t compete in the SEC.
Other than that, Croom is a great coach.
It is time to Fire Sylvester Croom.
Malls, hotels next victims in new mortgage crisis — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide.
The Hedge Fund Collapse — As many as half the funds that existed earlier this year, when the industry topped out at 10,000 funds in business, could fail or be wound up in a year’s time, industry watchers estimate. Assets under management at hedge funds are falling as investors rush to pull money out of good funds and bad. In September, investors took out an estimated $41 billion from the sector, the largest monthly outflow of money since experts began tracking numbers. October looked even worse.
“Something is happening of historic proportions” – I think there is something monumentally large afoot, and I do not believe it is just a banking crisis, or a mortgage crisis, or a credit crisis. Yes these exist, but they are merely single facets on a very large gemstone that is only now coming into a sharper focus.
Something of historic proportions is happening. I can sense it because I know how it feels, smells, what it looks like, and how people react to it. Yes, a perfect storm may be brewing, but there is something happening within our country that has been evolving for about ten – fifteen years. The pace has dramatically quickened in the past two.
What this depression could look like — look back 135 years – the current economic woes look a lot like what my 96-year-old grandmother still calls “the real Great Depression.” She pinched pennies in the 1930s, but she says that times were not nearly so bad as the depression her grandparents went through. That crash came in 1873 and lasted more than four years. It looks much more like our current crisis.
Government bailout hits $8.5 trillion: — The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News.
That sum represents almost 60 percent of the nation’s estimated gross domestic product.
Citi says price of gold could go over $2000 next year – The bank said the damage caused by the financial excesses of the last quarter century was forcing the world’s authorities to take steps that had never been tried before.
This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold.
This is the World Famous Friday Open Thread. Your thread in times of global economic meltdown and poor football teams.
WFFOT: Ending the thread the way it began, “Fire Sylvester Croom”
Trackposted to Rosemary’s Thoughts, The Pink Flamingo – WordPress, Right Truth, Shadowscope, DragonLady’s World, Leaning Straight Up, Cao’s Blog, Democrat=Socialist, Conservative Cat, , Faultline USA, Political Byline, Allie is Wired, Woman Honor Thyself, Walls of the City, The World According to Carl, Rosemary’s News and Ideas, Pirate’s Cove, The Pink Flamingo, Gulf Coast Hurricane Tracker, CORSARI D’ITALIA, Right Voices, and Gone Hollywood, thanks to Linkfest Haven Deluxe.
Filed under: News and politics, Open thread | Tagged: $2000 gold prices, 60% gdp, 8.5 trillion deficit, commercial mortgage collapse, economics, fire sylvester croom, gold prices, hedge fund collapse, msu bulldogs, sec football, WFFOT | 31 Comments »