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Obama Signs Economy Recovery Stimulus Bill into Law

President Obama on Tuesday signed the $787 billion American Recovery and Reinvestment Act into law.Obama said it does mark the beginning of the end – the beginning of what we need to do to create jobs for Americans scrambling in the wake of layoffs and to provide relief for families worried they won’t be able to pay next month’s bills and to set our economy on a firmer foundation.

Indeed, even though debate over the legislation was fraught with partisan fighting and what some characterize as strategic missteps by the nascent administration, getting the law passed was the easy part.

The first step is to stem the recession in the near term. In the longer term it will be to put the economy on a path to sustained growth and greater efficiencies in energy production, health care and other areas.

Obama told that Businesses start seeing that consumers are out there with a little more confidence, and they start making investments, which means they start hiring workers. So step number one, job creation.The official benchmark estimates from the White House is that 3.5 million jobs will be created or saved over the next two years, and over 90% of them will be in the private sector. But measuring the numbers of jobs saved as a result of the economic recovery package promises to be an elusive task.

Lakshman Achuthan, managing director the Economic Cycle Research Institute, said starting later this year he will look to what his group calls its Leading Employment Index as one gauge of stimulus effectiveness. The index is a composite of factors, including the number of initial jobless claims and hours in the average work week, as well as how many industries are adding jobs.

When consumers start to feel better about their personal situation and employment prospects, they pick up the pace of spending – that usually extends to the discretionary items as well.Ultimately it will still be hard to issue a final verdict on whether the package has worked because its success is dependent on the success of other recovery efforts, such as the program for stemming foreclosures that Obama is expected to lay out soon. A financial stability plan and a foreclosure mitigation plan must also be implemented.”

February 18, 2009 Posted by | Business sector, News, Personal | , , | 7 Comments

Modern Laws!!!

Here is a list of modern laws that Newton missed out….

Law of Queue:

“If you change the queues, the one you have left will start to move faster than the one you are in now.

Law of Telephone:

“When you dial a wrong number you will never get an engaged one”

Law of Mechanic:

“After your hands get coated with grease your nose will begin to itch”

Law of Result:

“When you want to prove someone that the system works, it won’t work”

Law of Encounters:

“The probability of meeting some one you know increases when you are with someone you don’t want to be seen with”

Law of Coffee:

“As soon as you sit down for a cup of hot coffee, your boss will ask you to do some work which will last until the coffee becomes cold”

January 12, 2009 Posted by | Fun, Personal | , | 31 Comments

Suicide–> Violation of God’s Law!!!

While the souls of people who died naturally experience relief and happiness, suicide victims, quite to the contrary, experience confusion and torment. A specialist in the field of suicide summed up the fact very well: “If you leave life with a restless soul, then you will arrive into the other world with a restless soul.” Suicide victims commit suicide to “end it all,” but, as it happens, it is only their beginning in the other world. Here are a few contemporary accounts that illustrate the otherworldly state of suicide victims.

One man, who loved his wife dearly, killed himself when she died. He hoped to reunite with her for eternity, but things turned out quite differently. When the doctor revived him, he said: “I was in a place quite different from where she was… It was a dreadful place… and immediately I realized that I had made a huge mistake”

Some revived suicide victims described arriving in a kind of prison or dungeon and they felt that they would have to remain there for a very long time. They recognized that this was their punishment for violating the established law, which requires that each person must suffer his share of sorrows. Having willfully thrown off the burdens placed upon them, they must carry even more in the world to come.

Another man, who survived death, tells the following: “When I arrived there, I understood that two things are absolutely forbidden — to kill oneself or to kill others. If I had decided to kill myself it would have meant throwing into the Face of God the gift he had bestowed upon me. To kill someone is to disrupt God’s plan for that person”.

November 27, 2008 Posted by | Nature, Personal | , , | 1 Comment