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BrooklynBornThis blog started in my head when I listened in the 90's to friends who feared Brooklyn and newcomers who blogged about BK as if it barely existed before they arrived. Brooklyn as Tabula Rasa. My blog satisfies my need to hear and air feelings of B'klyn from the people whose life experience was born here. Also I hope to provide balance to some of the revisionist historical musings I've seen how Brooklyn and her residents used to be, we're still here. If we can all live as best possible while appreciating the past and neighbors we've inherited that would be great too.

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Tuesday, March 3, 2009

The Economy, Ludicrous Speed and You

I started the year promising continuous optimism, and I support that message. At the same time with yesterday's sub 7000 plunge of the stock market to 1997 levels, the expectation of record job loss again from last month and this story that Maurice "Hank" Greenberg, (pictured) 83 year old former CEO of A.I.G. (A.I.G. being beneficiary of another billion dollar tax-payer cash gift after post billions in loses of course) is suing A.I.G. the company he led until 2005, claiming A.I.G. ruined his finances and health by lying about A.I.G. finances, things are moving closer to "Ludicrous-Speed" by the day.

So yeh after all that, optimism without positive proof seems pretty stupid so I thought I should search for some answers. Plus lately a lot of friends of Brooklyn (yep, FOBS) have been losing sleep, nails and asking questions about what to do when unemployed, and frankly I had few non-punchline answers. (have a drink- *zing!) But after a little googling, I found this gem from the NY Times, getting elbows deep in the "How-To's of Unemployment".

Cool of the Grey Lady, eh?

Then it went from cool to AWESOME when I looked up and noticed the article was penned seventeen years ago this March back in 1992!

Even MORE AWESOME! the first paragraph leads with:

With the nation's unemployment rate now at 7.3 percent, the highest in almost 17 years, tens of thousands of Americans are applying for unemployment compensation for the first time.

7.3 percent unemployment?!? Right now unemployment is at 7.6! And it's expected to jump to a full-on 8 percent when the next report comes this Friday! Awesome.

Y'know what? Have that drink and "Smoke um if you got'um".