An Eventful Day..Hopefully not A Remorseful Day

The Remorseful Day...one of the suspenseful Morse stories of Colin Dexter, with the brilliant (late) John Thaw.
Mr. Thaw, my eternal gratitude for the wonderful thought provoking entertainment you have given us for decades.

On to events of the day - The Ben Bank lowered the Funds rate to 1%, which is where Easy Alan (Greenspan) kept it for a long time! Ben also hinted that further cuts are to come.
Sen. Obama did his 30 minute show today, and sold tickets for the big get-together on Nov. 4th in Grant Park. The tix were sold out in a matter of hours.

While the Fed rate cuts, while expected, are depressing, the McPain campaign is cutting deeply into the mind and soul of any thinking person. The allegations brought out today-
Obama is getting money from "nefarious" sources - unaccounted-for credit card donations.
Obama is palling around with PLO
Obama is a child-killer because he does not oppose "all" abortions
Obama is a socialist
Obama is a Marxist
and Finally Obama is Not Ready Yet.

Clearly McPain is coming apart at the seams...better packaging is needed to hold this slime together.

Talking about packaging, McDonald's is giving its containers a new look.

According to the Tribune, "Tenneco Inc., citing the "worsening industry downturn" afflicting its auto-maker customers, disclosed restructuring plans Wednesday that will eliminate about 1,100 workers' jobs and generate up to $60 million in charges. The Lake Forest maker of automotive components and systems has been hard hit by the global weakening of the auto sector, and earlier this year it cut 1,150 jobs. The new round of cuts -- which calls for the closure of five U.S production-related facilities and certain other cost-cutting actions, is expected to reduce annual costs by $64 million once it's completed, Tenneco said."

Gannett Co., the nation's largest newspaper publisher, said Tuesday it will lay off another 10 percent of the work force in its local newspapers division as advertising revenue continues to plummet during the economic downturn. The latest reductions, to come by early December, follow a 10 percent cut announced in August. Neither round affects USA Today.

Appliance maker Whirlpool announced that it plans to cut work force by 5,000 by end of 2009.

Time to elect a smart person to manage the country- otherwise the country moves one step closer to a mass social unrest...