I read the news today - oh boy (ongoing...)
McClatchy:
WASHINGTON — For the second consecutive day, the Federal Reserve took bold action Wednesday in hopes of staving off a global financial collapse. And again U.S. financial markets failed to calm, extending losses for a sixth straight day while shrugging off a Fed-led, globally coordinated half-point cut in interest rates.
Crashing market, failing banks, loss of homes and jobs, climate change... are you ready?
We've been here before. Our grandparents lived through this; many of our parents grew up in the Great Depression. How did we fail to learn it's lessons? How did this lesson fail to be passed down to later generations?
"Waste not, want not."
They say if you don't study history, you are doomed to repeat it. Perhaps this time the lesson will stick.
Labels: Climate Change, economy, Great Crash, Great Depression, Wall Street
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