A Sign of the Times
November 28th, 2008, by Jeremy Krygsman
As I have become more interested in economics, I have paid much more attention to the business section of the newspaper. The news of economic downturn grows darker and darker every day, and I am almost certain that nobody has any idea of how to fix the situation. This is shaping up to be a doomsday scenario with frightening speed.
It all started with a burst of a housing bubble in the United States, which most people thought was inconsequential at the time. Foreclosure rates soared, and soon the big banks started to come crashing down. When will it end? It is hard to say, but these two articles show a startling sign of the times.
Wal-Mart worker killed in bargain-hunting stampede
“I really can’t focus on gifts,” she said. “I have to focus more on helping [my relatives] pay their bills. It’s hard,” she said of being a single mom on a small income. “I’ve always filled the tree. But you have to be honest. This year, I’ll do the best I can.”
Forty thousand show up for free harvest
Joe and Chris Miller’s fields were picked so clean Saturday that a second day of gleaning — the ancient practice of picking up leftover food in farm fields — was canceled Sunday.
“Overwhelmed is putting it mildly,” Chris Miller said. “People obviously need food.”
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