As I am watching the evening news with my wife, we heard that now banks are going to be nationalized by the government. It appears that major banks such as Bank of America, and City Group are not so safe as people thought they were.
"This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring that they are regulated sufficiently by this government," White House press secretary Robert Gibbs said when asked about nationalizing the banks.
In a week in which massive layoffs have taken place in some of America's biggest industries, three smaller signs of economic downturn: California's tax refunds are on hold, the Post Office is thinking of reducing delivery of mail by a day, and Starbucks is cutting back on decaf.
The economy has challenged many sectors except one that I am very familiar with. I am talking about a home business that, not only is recession proof, but it is fun to have. Click here to learn more about it, or visit our website
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