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Your Dow Jones Falls Many Points After Investors Discover Some 'Recession' Thing

News

The Dow Jones fell 679 points today, since it's been a full six days since Paulson last introduced a new multi-hundred billion dollar loan or loan guarantee program, and everyone on Wall Street is a child: "The day's news reminded investors, who last week were buying on a burst of optimism, that the economy is still in serious trouble. And at midday, Wall Street had confirmation of what everyone has suspected for months, that the nation is indeed in a recession." They just wanted to be sure, for the 80th time, that the economy was indeed contracting, and then it was SELL SELL SELL.


Also, Hank Paulson "says the administration is looking at other ways to utilize the rescue package, including alternatives for providing capital to financial institutions." Jesus, this guy. JUST REFINANCE CRAPPY MORTGAGES ALREADY. Next week he will use his TARP authority to rethink capitalism in general, and the following week, the concept that humans should organize into societies. Finally.

Stocks fall sharply on consumer spending worries [AP]

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Poor People Are Mad As Hell, And They're Not Going to Take It Anymore.

The Poor People's Campaign marched on Washington, and we were there!

Culture Wars
by Dominic Gwinn

Yesterday the new Poor People's Campaign, led by Rev. William Barber and Rev. Dr. Liz Theoharis, concluded 40 days of protest and civil disobedience with a rally on the National Mall. Building off of Rev. Martin Luther King Jr's original Poor People's Campaign 50 years ago, the new campaign is aimed at uniting labor leaders with activists to build a coalition of all marginalized people

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The police have clearly failed to stop the scourge of black kids selling water to thirsty people, so your average law-abiding, permit-respecting white lady has no choice but to take matters into her own (did we mention they were white?) hands. You might call her a busybody gone power mad or a simple tool of racist micoaggression, but we just call her "Permit Patty."

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