EOTWAWKI

Another installment of occasional updates on how we are doing out there


• Starbucks is no longer providing insulators on their cups unless explicitly asked


• Japanese stocks have lost 50% of their value...bringing the index down to the 8,000 range, the lowest it’s been since 1982!


• GM is now trading in the $5 range – a price it last saw 60 years ago


• The California pension system has lost $37 billion over the last 12 months


• In September, 159,000 layoffs were recorded


• Whirlpool just announced 5,000 job cuts.


• American Express, hammered by the credit crisis, says it will slash 7,000 jobs as part of a drastic cost-cutting initiative

Only one of these is false

Answer - the CA pension system has lost $67 billion