Tuesday, October 7, 2008

US Earthquakes

According to to the USGS there have been several earthquakes in the US. They were not very large. The places where they occurred is interesting. Here is the list from the USGS .

2008/09/30 Nevada Magnitude 3
2008/09/30 Ohio Magnitude 2.8
2008/09/28 Washington Magnitude 2.6
2008/09/28 Colorado Magnitude 2.5

six members of a family killed by Jobless Father

The only hints of trouble in the big beige house on Como Lane were the newspapers in the driveway and the lack of any activity behind the front door.

But when police summoned by worried friends of the residents got inside Monday, they found a horror — six members of a family fatally shot in a murder-suicide committed by an unemployed man in financial crisis.

The body of 45-year-old Karthik Rajaram, a gun clutched in one hand, was found by officers who followed a trail of carnage through the home in a gated community in the Porter Ranch area of the San Fernando Valley.

His victims, most slain in their beds, were his wife, three sons and his mother-in-law.
"Absolute devastation," Deputy Chief Michel Moore told reporters outside the home.
Investigators quickly found two suicide letters and a will, and determined that the man once worked for a major accounting firm and was at least the part-owner of a financial holding company.

"The source of it appears to be a financial state, a crisis if you will, that this man became embroiled in that has unfolded over the past weeks," Moore said.

The man wrote in his suicide letter that he felt he had two options — to just kill himself or to kill himself and his family — and decided the second option was more honorable, Moore said.

The bodies were found when officers were sent to make a check on the home Monday morning after the wife failed to show up at a neighbor's home to go to work as a pharmacy bookkeeper, Moore said.

Officers found the mother-in-law, Indra Ramasesham, 69, dead in bed on the first floor. Upstairs, they found a 19-year-old son, Krishna Rajaram, dead in bed in the master bedroom.

The gunman's 39-year-old wife, Subasri, was found in another room, also apparently shot while sleeping, Moore said.

In an adjoining room, a 12-year-old son, Ganesha, was dead on the floor, and his 7-year-old brother, Arjuna, was dead in bed. Their father's body also was found there with a handgun "in his grasp," Moore said. The gun was purchased Sept. 16.

Coroner's assistant chief Ed Winter said the victims were shot multiple times.
The killings occurred some time between midnight Saturday and early Monday morning, Winter said.

Dow Falls Below 10,000 Mark

NEW YORK (AP) -- Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell more than 7 percent.
djia below , 10,000
(ABC News Photo Illustration)

The catalyst for the selling was the growing realization that the Bush administration's $700 billion rescue plan and steps taken by other governments won't work quickly to unfreeze the credit markets. Global banks, hobbled by wrong-way bets on mortgage securities, remain starved for cash as credit has dried up.

That sent stocks spiraling downward in the U.S., Europe and Asia, and drove investors to sink money into the relative safety of U.S. government debt. Fears about a global recession also caused oil to drop below $90 a barrel; and the benchmark index that gauges fear in the market jumped to the highest level in its 18-year history.

Monday, October 6, 2008

BAIL OUT THIS!!

I say this business with the US government bailing out every corporation that has some financial difficulties is ridiculous. I say if the companies are going to run on poor business practices then they need to fail. They need to be taught that there is no rescue plan for their incompetence. Now that this bill has been passed all companies that are having financial difficulties will think that they will be able to get help. It is just like if I were to give one child in a group a lollipop and not the others all of the other children will want one as well. So that is why it should not be done. I say we all get together and teach these politicians in Washington that if they do what they want to do and ignore us then they better get used to working at Wal-Mart because their political career is over. Please feel free to leave your comments.