Tuesday, November 11, 2008
Your Morning News: 11.11.08
Posted by Josh in Barack Obama, economic crisis, Fannie Mae, george carlin, Mars Phoenix, nasa, President Bush, Your Morning News
Apparently no one in the Treasury Department has any friends who are habitual gamblers or drug users. If a friend asks you for money, they ALWAYS need more then they ask for and they ALWAYS end up coming back for more. Fannie Mae and AIG, both of whom received massive government loans in September, have reported billions more in losses and have requested more support to the tune of $150 billion from the Federal Government. If you give a mismanaged and hemorrhaging company a glass of milk…
Apparently, President Bush and President Elect Obama did more than just measure the drapes yesterday. The two discussed the financial crisis and Obama pressed the President to provide emergency aid to the auto industry. Hard to say where to come down on this one and you can make your own arguments. Automakers are failing now because of their own lack of foresight. However, something like one in 12 people in this country is employed by the auto industry.
NASA has officially ended a six-month mission at Mars’ north pole after they lost contact for more than a week with the Phoenix Lander. The mission was a resounding success; the lander discovered water and soil that could support life. More whimsically, Phoenix’s weather relay also discovered that it snows on Mars. The lander became famous when a NASA communications staffer set it up with a twitter account which was shot around the internet. The tweets were fun and informative (that is where NASA broke the news of water on Mars) but as the lander has powered down they just started bumming me out.
