Finally, something good from the economic downturn!

Times are tough.  But the good news is that it now costs only about a third of what it used to cost to get laid.

That's right, even hookers are offering deep discounts to keep business up... so to speak.

http://www.thestar.com/living/article/646871--recession-means-tough-times-for-sex-workers

global economy faces more problems say the g8 summit

the g8 leaders say that the economy is still not recovered from recession, and recovery is not very soon yet, that there is still a way for the economy to go with the recession before recovery will start to happen, this is what the g8 leaders have warned today.

this summit is taking place in italy, the g8 listed that there is falling trade which is one of the main problems and thinks the economy will shrink some more before it starts to grow again or green shoots of recovery.

the german chanceller angela merkel "the crisis is a long way from being over. if we are lucky, then we have nearly reached the bottom".

so they are saying maybe there maybe not, politics for you.

Chapter 82.6: Rocky Mountains Crash to Earth

I've never lived in Colorado, so it doesn't affect me as much as it does the people out there, but as a journalist, I can't help but feel sad for the death of yet another newspaper. The Rocky Mountain News published its final edition today, just a few weeks short of its 150th anniversary.

I don't have personal stories to share about what that paper meant to me, but I'm sure they exist, and I'd be happy to have people share them here in comments.

Journalism remains popular with college students. I see news of new fellowships and grants for journalists all the time, and I hear from college students that they want to get into journalism. So I know the interest is out there. What isn't out there right now is a viable business model that would allow many of the old papers to continue to exist. The old model isn't working anymore.

Papers have gone online, and that's good. I suspect many of them eventually will only exist online. And that isn't as good, because not everyone has access to the Internet. That's a discussion for another time.

If nothing else, I'll reflect on the death of a grand old paper, what it means for the hundreds of people who worked there and their families, and look forward to the future of journalism, because people remain unchanged in their desire to have access to objectively presented information.

Chapter 82.1: So Little Time, So Much to Do

Here we are, in the final week of January, and I feel like I've accomplished nothing. I have valid reasons — who poop and cry and drink bottles like drunken sailors — but it's still amazing to see time evaporate before me.

Anyway, I've been meaning to conduct several interviews for work and haven't even called people to set things up yet. I've got pieces to edit that are piling up in nice messy stacks and I'm only starting to gain the energy to work on them.

So it's nice to see that the world is moving forward regardless of my schedule. The Democrats in Congress have gotten a stimulus package passed despite not having a single Republican vote in its favor. I respect that Republicans might disagree with the amount of money being directed at various programs, including those they consider entitlement programs. But it surprises me that not a single Republican voted in favor of this bill. It's not as though President Obama didn't reach out for their input.

But it's a House bill and this was a stand the Republicans chose to take against the Democrats, who have the votes in the House to pass it. The Senate bill will be different, and if Congress is to get a stimulus package on Obama's desk by Lincoln's birthday, there'll likely need to be compromises made. So much government sausage making.

The way I see it, the issues the administration and Congress are addressing are important, but getting the economy moving in the right direction again will ultimately come down to businesses feeling confident enough in the future to hire people to work instead of laying them off. Big companies like Boeing, and Microsoft, and Target have announced layoffs. These are companies that are relatively strong but recognize that the economy isn't getting better; it's getting worse. So they're bracing for the storm. Friends of mine at other companies have lost jobs, despite having ten, twelve years with their former employers. And the credit card crisis hasn't even hit yet. But it's coming. You can bet your last dollar on that.

It's scary out there. The future looks bleak. Yet, somehow, I think we — my family and those I most care about, including those who are unemployed — will get through it. We'll need to scrimp and save, consolidate things that we used to take for granted, reuse stuff that probably would have been tossed in the past. We'll likely have lots of competitors when we hold a garage sale, and you have to wonder who will be buying. But I think that in the end we'll survive, possibly even come out of things feeling rejuvenated if not a little grayer around the temples.

This is our generation's crisis, and crises mean people step up and do what they need to do. They do what's needed. This is our time to be a great generation. There's no shortage of things to accomplish. We've all heard the ancient curse: may you live in interesting times. Well, at least we won't be bored.

Chapter 79.9: Innumeracy, Thy Name is Chucklehead

Thank God I'm not the only person who complains about innumeracy! In a recent column in Forbes, Rich Karlgaard rails against the "American math chuckleheads" who thought that instead of an $85 billion bailout for AIG, each Amerian adult should get their share of that amount. The problem is they don't know how to do math. While they thought the simple division meant the 200 million American adults would receive $425,000 each, it actually breaks down to $425 each.

I mean, come on, wasn't it obvious that $425,000 simply couldn't be right and that they needed to punch the numbers back into the calculator to do things over, only this time with the right number of zeroes?

Unfortunately, using chucklehead math, there's simply not enough money in the world to pay for all the math tutors required to retrain math-challenged Americans. Here's a low-cost alternative: Read John Allen Paulos's book Innumeracy and learn how to think logically. These days, we could all use a little help in the wallet.

Here's a math problem to get you started: If a coffee costs $2 at the corner store and you drink two cups a day each day of the work week, how much do you spend on coffee per month? Per year?

Short answer, too much. Long answer is $20 per week, $80-$100 per month, and $1000 per year (assuming two weeks off for vacation). Wouldn't you like to have another thousand dollars in your pocket? This is why I drink the free stuff at the office.

Thank God I don't smoke!

Chapter 79.3: Mind Boggling Collapse

We are living through an incredible moment. The utter collapse of U.S. financial markets is like something out of a futuristic tale of apocalypse, except it's happening now, in real time, with real damage.

The Bush administration probably will go down as the worst in U.S. history because of the myriad debacles — financial, military, political, legal — that occurred on its watch. To be sure, not everything has been President Bush's fault; too much has happened to blame it all on one person. But then again, not everything was Herbert Hoover's fault either. That doesn't mean we have warm, fuzzy feelings for him or his term in office.

Looking back at Hoover's Wikipedia entry, I'm a little concerned that he was also considered a progressive and a reformer. In this election, we have a purported progressive (Obama) and reformer (McCain) and the election is looking razor thin. (What is it about extremely close elections in this century?)

To a financial know-nothing like myself (just because I can do math doesn't mean I'm up on economic theory), it appears that the rich were trying to get richer on risky investments and when many of those investments failed, they weren't able to make good on their outlay of cash. They were over-extended. Much like the American populace.

Let's face it, this world lives on credit. It's not just in America — all over the world. Hell, I think they extend credit on Antarctica! And if a bank were to say, "I know we gave you a 30-year fixed mortgage, but we need our money now," (which probably isn't legal, so I'm not too worried about it happening to me) there's no way I could pay it without having to borrow money from someone else for less favorable terms. I think that's, in a sense, what has been happening on Wall Street.

This could well be the beginning of our Great Depression. If, as some speculate, we are experiencing the end of the "American empire," then we should probably pay close attention to what's going on. Our next major decisions — like who we choose to be president for the next four years — are exceedingly important for today and for our children tomorrow.

Chapter 75.3: Blog Till You Drop?

Ok, as any regular reader of my blogs (Cammy, this means you) has probably noticed by now, I'm not on any sort of regular schedule of posting. This is my first post of April, and we're closing in on the sixth day of the month (Happy Tartan Day, all you Scottish-Americans out there!) I'm sorry if anyone has missed me, but I do have a life offline, as the photo above is meant to imply.

So, I'm a little dismayed at reading this in the New York Times. The story is about a few bloggers who have died because of the stress of posting regularly for paid blogging jobs. Of course, I'm not getting paid to blog, but I do get paid to write and edit. That is, after all, what I was placed on this earth to do, as far I've been able to tell. (Though the cats beg to differ.) But blogging is not worth dying over, no matter what someone gets paid.

Now, I must admit, it never occurred to me that my occasional posts might be worth a minimum of $10 each. I mean, come on! Who in the hell cares what I have to say? I don't care what presidents and members of Congress have to say, most of the time. (Funny aside -- at least I think it's funny -- I was driving home just a little bit ago and heard John Lennon's Give Me Some Truth and I thought, if I ever run for any office, that'll be my theme song.) So, I can't imagine making $10 for the fifteen minutes I might spend writing a drafty piece of crap like this. And surely, if I were getting paid per post, I'd write a whole lot more and would soon demand more than $10 per.

The economy sucks right now. I think it's a fairly nonpartisan thing to say and altogether accurate for most people. I live in an affluent nook of America, and I see people struggling. It's not necessarily that they can't pay their bills but they're feeling their bills in ways that they weren't before. I was talking to a friend a couple weeks ago and she put it perfectly. She said, "I was in the super market, and I overheard a mother tell her kids, 'no, we're not going to dye Easter eggs this year.' The reason, my friend continued, is because the price of a dozen eggs has skyrocketed. In my area, each egg costs twenty cents. That's right. Per egg. Remember when your kids could toss them to each other during summer camp because they only cost about a nickle? Fun and laughs were cheap then. It wasn't so long ago.

Now, if the bloggers in the Times story had their heart attacks because they had slathered on layers of cholesterol from eating twenty-cent eggs and buttered toast, perhaps I'd have a little more sympathy for them. But no, these poor guys died because they were working their buns off to have a chance to pay for the frigging eggs and butter. I have sympathy for them; I think they should be regarded as casualties of war.

The price of eggs is up in part because the price of gasoline is up. The price of gasoline is up because some moron decided to stick other people into a hornet's nest in the Middle East and now we're quagmired there for at least another decade. Neither Hillary nor Barry (Barack) nor McCain is going to solve that little Rubik's Cube any time soon, no matter what they say (and in this regard, I think only McCain has been close to honest). So get used to expensive eggs, expensive milk, expensive gas, and cheapened lives.

I've got better reasons to die. And as the photo above suggests, better reasons to live. I may just have to start blogging daily in order to pay for the basic necessities.