The Worried Workplace

According to a recent survey conducted by ComPsych, more than half of U.S. workers said their work atmosphere felt worried due to the economy. Of respondents, 16 percent described their workplace as “panicky.”

“Workers are shouldering more work due to layoffs, and finding it difficult not to be distracted by future uncertainties,” said Dr. Richard A. Chaifetz, Chairman and CEO of ComPsych. “We have seen a record number of calls for on-site counselors due to layoffs as well as requests for ongoing stress management counseling.”

Inside The Meltdown

I have posted a copy of Frontline’s documentary, Inside The Meltdown, at my website which you can link to here. This film takes a chronological look of what went wrong with America’s economy while focusing on various factors leading up to our current monetary crisis.

$700B Bailout Bill Becomes Law

WASHINGTON (AP) – With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.

The final vote, 263-171 in the House, a comfortable margin that was 58 more votes than it garnered on Monday. The vote capped two weeks of tumult in Congress and on Wall Street, punctuated by daily warnings that the country confronted the gravest economic crisis since the Great Depression if lawmakers failed to act.

Bush was poised to make a statement on the historic vote.

National Debt Clock Running Out of Room

Well, it looks like the National Debt Clock is about to be replaced. Why? Because it has room for only 13 digits, not 14 that will be required for our quickly approaching national debt of $14 trillion. With today’s looming financial crisis, I guess it won’t be very long before that 14th digit space will be needed.

It’s amazing how our government’s financial situation and families financial burdens across the nation are similar. They’re both bogged down in the “D” word—DEBT. We as families and individuals have to get out of debt, and we need to start now.