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ECONOMIC UPDATE….The latest economic news might not quite qualify as “good,” but it’s slightly encouraging at least. (1) Germany, the Netherlands, and South Korea are implementing some stunningly large bank rescue operations. (Relative to GDP, all are as large or larger than the U.S. rescue.) (2) Iceland is nearing an IMF rescue plan. (3) Ben Bernanke says a fiscal stimulus plan “seems appropriate.” (4) After a price drop of 33% since their peak last year, home sales in Southern California shot up 65% in September. (5) And Calculated Risk tots up the evidence and says it looks like the credit crisis is finally easing a bit.

Don’t go getting too excited or anything. More bailouts and a long recession are still ahead. But there might finally be a few tiny rays of sunshine on the horizon.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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