Earlier today the US Treasury Department announced the latest government’s economic stimulus package and bailout plan. However, instead of reviving confidence in financial markets, the move caused US stock markets to fall again.
The Dow Jones industrial average (DJIA), for instance, plummeted 4.62% to close at 7,888.88. It was the biggest drop for the Dow since December 1, when the blue chips fell 680 points, or 7.7%.
The Standard & Poor’s 500 index fell 4.91% to 827.16 while the NASDAQ fell 66.83 points or 4.20% to 1,524.73.
Interestingly, this public reaction is no different from a story in a Calvin and Hobbes comic strip published several years ago. Here’s a copy of that cartoon.
Top 50 Philippine blogs in 4Q 2008
Our last ranking of top Filipino blogs based on Alexa rank was made in August, third quarter of 2008. After that post, we decided not to monitor the ranking of blogs every month because we didn’t think it would provide a lot of value. Instead, we opted to simply track the Alexa ranking of Filipino blogs every quarter.
And so we bring you the listing of the Top 50 Philippine Blogs in the 4th Quarter of 2008 based on their 3-month Alexa rank.
More job cuts in Panasonic, Macy's
The end — of job cuts and job layoffs — is nowhere near.
Just last week, we wrote about a potential 126,000 people around the world who are set to lose their jobs following company announcements in the last week of January 2009.
This week, two more global companies announced they will terminate a total of 22,000 employees, in an attempt to cope with the effects of the current economic recession.