Headlines for July 21, 2009

Continental Cuts 1,700 Jobs, Raises Fees - Raising fees at a time when consumers are already cutting back on travel is a recipe for disaster. Right now, corporate decisions are not made based on profit but on trying to minimize losses and stay afloat, hoping better times are around the corner.

This headline sounds positive, Texas Instruments Halts Sales Slide, but hidden in the article is the fact that "profits fell 56%."

Bailout Costs Could Reach $24 Trillion Don't forget that there is only $4 trillion of gold in the whole world. $24 trillion is $80,000 for every taxpayer. Once this debt is defaulted on, the world will dump dollars and flee to gold.