The government has now approved a record $700 billion plan to try to stabilize US–and world–financial markets. The plan is not a total bailout as the media describes it; it is more of a government purchase of the stock of failing companies. The government is expecting a return on it’s investment, and, who knows, perhaps […]
C-Mart Closing Up, Blames the Economy
When in doubt, blame the economy! That seems to be the lesson to be learned to the announcement of legendary local retailer C-Mart closing it’s doors for good this morning. Discount stores benefit when the economy slows down and 2008 has been no different. Surely C-Mart, the 33-year-old mecca for bargain hunters, has weathered worse […]
