October 3, 2008

Economic Report

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ECONOMIC REPORT….Your economic report for the day: Factory orders plunged 4% in August; the service sector was stagnant; wages were stagnant; auto sales dropped by a third; jobless claims are up dramatically; the commercial paper market fell nearly $100 billion last week, its biggest drop since 9/11; short-term lending rates remain astronomical; employers cut 159,000 jobs in September; and credit remains so tight that Arnold Schwarzenegger is begging the Treasury for a $7 billion loan for the state of California.

That is all. For now. I recommend the House pass the bailout bill today.

Journalism That Calls A Lie A Lie

“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.

Journalism That Calls A Lie A Lie

“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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