The Financial Crisis
For those of you following the financial situation, yesterday the House rejected latest plan to rescue the economy. (For those of you who don’t have time to read the 110 page bill, here is a summary.) Stocks have been fluctuating wildly for the past couple weeks, and the government has been going back and forth about how to react. President Bush initially proposed a particularly succinct bailout bill, but the issue has since grown by leaps and bounds, becoming more and more partisan as it grows. Upon the failure of the bill to pass yesterday, the Dow fell a whopping 777 points in just a few hours. There is now much speculation as to what the next step is for the government.
Whichever side you take in this matter, it is an issue to watch. One place to do so is the New York Times, which has started a Times Topic to collect articles on the matter.