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Friday, February 6, 2009

UNEMPLOYMENT SOARS AND THE STOCK MARKET ROARS

TODAY'S BUSINESS
Today it was reported that nearly six hundred thousand people filed for first time jobless benefits, the highest in 34 years. Unemployment swelled to 7.60%. This news was greeted by Wall Street with a major rally of just over 217 points with the Dow Jones Industrial Average ending at 8312.37. Many on Wall Street believe the recession is now over. "Major unemployment is a hopeful sign," remarked one Wall Street economist. "If everyone in the country were unemployed, except people on Wall Street of course, the Dow would soar to over a million points". The explanation for this complex economic phenomena is so simple it's scary. Happy hour on Wall Street starts at 9 o'clock in the morning.

MEDIA NEWS
Rupert Murdock's News Corp. reported a 6.4 billion dollar loss in the last quarter of last year. Of course, if Rupert needs a job there is always one here for him at "Humor News Nuts". We need an interpreter to translate foreign news from Aussie speak to American English. As long as Rupert doesn't bring his billow bong to work with him, he will fit in just fine. Our office is next to a police station and we don't want any trouble.(Maybe Rupert can get us an interview with Michael Phelps).


SCIENCE AND TECHNOLOGY
It seems that the new digital TV roll out for rabbit eared televisions is sort of floppy eared. As in flopped. The government has reported that they are several million special, secret device coupons short and, that stations would have until June 17, 2009 to go to total digital TV. The government has issued a statement saying that people that do not have a digital device to receive the new signals need to go and buy up several rolls of aluminum foil. The picture still won't come in but, it can be great family fun twisting and turning the aluminum foil into various shapes while listening to the gentle hiss of static on the flickering television. People shouldn't really complain. Why do they think that giant 120 inch TV was only $69.00 at Walmart last year?

SPORTS I CARE ABOUT
Well the Super Bowl is over and the Steelers won by 4 points (predicted 8 points here last week), with a final score of Pittsburgh 27 and Atlanta 23. I guess it was a great game with James Harrison's interception and 100 yard return being, the longest in Super Bowl History. Unfortunately, I was watching the Super Bowl on the floor with my eyes closed since, my brother and I had been playing Foosball for shots all afternoon. When I got up off the floor on Tuesday, I wondered how many Super Bowl games had passed since I was last conscious.

In hockey, Detroit still leads the central division of the western conference with 32wins and 11 loses. Red Wings are still a bright spot for Michigan professional sports. Now in basketball,the Detroit Pistons are a distant second in their conference so, I don't care.

CELEBRITY NEWS
In celebrity news, the Goverator, Arnold Schwarzenegger, is sending out IOU's instead of payments to some bill collectors for the state of California. The governor said his situation was just like when he was living off the residuals from his hitfilm ,"Kindergarten Cop".

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