Arnold Bucks! IOU Crisis in California

This is just unbelievable!
California is printing IOU money!
(over $3.3 billion dollars already!)
...but not for much longer!


More info here: http://www.couragecampaign.org


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IOU time

"That's as good as money sir. Those are I.O.U.s"
Dumb & Dumber

Bank of America said it will accept IOUs from existing customers until July 10, with no dollar limits. Wells Fargo and Bank of the West have not yet decided whether to accept them.

Wow.... so what happens after July 10th? (I wonder...?)

Read on:

California plans to begin issuing billions of dollars in IOUs today to scores of creditors, including private businesses and county governments.

Bank of America said it will accept IOUs from existing customers until July 10, with no dollar limits. Wells Fargo and Bank of the West have not yet decided whether to accept them. About 19 California credit unions will accept the IOUs, including Chabot in Dublin, Contra Costa in Martinez, SRI in Menlo Park, Provident in Redwood City, San Francisco in San Francisco and Kaiperm Diablo in Walnut Creek."
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/02/MN3E18HI04.DTL&tsp=1&ref=patrick.net
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California's Judgment day

It seems many people are living a life style set not only beyond their own means, but beyond the means of this earth. If we start to look at patterns around the world, it seems the biggest sign of madness was relying on false speculation to support a life style that is unsustainable.

Well.... it seems like a movie (but apparently it is real life) it looks like California's Judgment day will be August 1st 2009.

SAN FRANCISCO (Reuters) California nears financial "meltdown" as revenues tumble

http://www.reuters.com/article/topNews/idUSTRE55974820090611


What is happening bloggers?
Tell us your stories... Comments open here!

No more Hummers

Wow, things are changing fast.... So many layoffs, people moving away from California. It is becoming noticeable although the bitter-sweet story is there will no longer be HUMMERS made, following the formal bankruptcy filing of General Motors today. These cars are huge and dangerous on the roads.





http://www.cbsnews.com/stories/2009/05/31/business/main5052840.shtml?tag=breakingnews

Remember these tshirts?

Well, here is more good news:

Now, four months into his presidency, Obama has elevated energy and climate issues to near the top of his agenda; he has made them pop by packaging them as ways to create "green" jobs and reduce U.S. dependence on imports of foreign oil. Favoring pragmatism over moral suasion, the president is attempting to make a sharp shift in national policy on an issue that many voters have yet to embrace as a priority, advisers and lawmakers say.

His efforts, combined with those of congressional Democrats, have already pushed forward groundbreaking initiatives. February's stimulus act lavished money on projects for renewable energy, energy efficiency and energy research. This month, the White House announced that it had negotiated corporate, state and environmentalist support for higher fuel-efficiency and tailpipe-emissions standards that would clamp the first nationwide limits on greenhouse gases.

Finally, the House Energy and Commerce Committee on May 21 approved a bill that would take a cap-and-trade approach to curtailing greenhouse gas emissions, inching closer to a domestic legislative compromise that has eluded climate activists for the dozen years since the adoption of the international Kyoto accords.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/30/AR2009053002068.html?hpid=topnews

Blogging can be for everone!

Here is a fine example showing how bloggers can contribute and influence the world we live in ;- )
I am blogging about this so if you are reading this, I say, 'how cool is that?' :)
You just learned it is cool to have your say and blog it out ;)

Challenging times indeed...

You don't have to have a mortgage to be in dept...

A child born today in Britain owes £20,000
(equal today to $29,598)

The voice of hope

Just when everyone is getting laid off during the biggest
downturn since the 1930s great depression, out comes
an amazing voice of hope:

Susan Boyle sings in a interview on the Today show With Paul
Uploaded by malinoss