Daily Revolt

December 01, 2006

We are Headed for a Recession

Could this be the beginning of the end of economic expansion, and the return of recessions?:
Stocks tumbled Friday, with the Dow Jones industrials losing more than 100 points in mid-afternoon, after a key survey showed manufacturing contracted in November for the first time in more than three years.[...]"This is just additional confirmation that the economy is not only slowing but quite possibly going into a recession," said Hugh Moore, a partner with investment firm Guerite Advisors. "It's not just the housing and auto industry any longer, now we're finding out that manufacturing in general is slowing."

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National Dis-grace:
The nation’s largest Roman Catholic archdiocese said Friday it has agreed to pay $60 million to settle 45 lawsuits alleging sex abuse by priests.

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