House Fails to Pass Bill, Dow Drops 777 Points

I just heard this on the business news, and I thought some of you might find it interesting:

Cost of package in Congress to *begin* fixing economic mess: $700 Billion
Drop in today’s TOTAL value in the stock market: $1,400 Billion
Change in the Value of the Dow Jones Industrial Average: 777 points




For the fact checkers out there, I heard this on CNBC on Sept. 29, 2008, after market close.


So the loss in value in today’s market drop is over TWICE the value of the package.

whew…


For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.

2 timothy 1-7, KJV




Blessings,
Job

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This post was written by admin on September 29, 2008

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