Wednesday, February 13, 2008

Neo-Paganists Ignore Human Misery, Choose Caribou by Aryeh Spero

The Dow has plunged nearly 15% signaling a possible recession and many economists contend we are already in the early stages of one. No doubt the sub-prime credit debacle and the housing bubble it created are very much at fault, but so is the fact that oil rose to $100 per barrel.
Such high energy costs for gasoline and home heating fuel have forced many consumers to halt spending and many manufacturers are finding it tough to make a profit. Some Americans will lose their jobs. Those who have jobs will find it difficult to spend on their family when so much money must be set aside for transportation to work.

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