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The times have changed… November 2, 2008

Posted by Matsu in Business, News and politics, Random.
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The Times Are Changing

The Times Are Changing

Today is when people all across America change their clocks back an hour. Time is literally changing, but I want to also point out the other changes that have been happening at this time.

I can’t help but be amazed at how much has changed in the past 4 to 6 weeks. It has been about six weeks since I wrote this post about the average price of gas hitting a record $4.00 per US gallon and the shortages that were caused by the hurricane hitting the Texas coast. Now, only a little over a month later, the price of gas has dropped to half that price, or less. The other day I saw regular unleaded gasoline for only $1.98 per gallon (US). That’s the lowest it has been in years. Which is certainly good news.

In this same period we have seen the US Congress approve a massive bailout plan for financial institutions hit by the mortgage defaults and credit crunch. Then the New York stock exchange has plunged to half its value and rebounded slightly.

The rapid pace of these changes will certainly takes its toll on the nation. Not to mention the long term affect of the economic crisis and the ever-present problem of dependency on foreign sources of oil based fuels. It will be a long time before that changes.

In these difficult times you can at least say, “I now have more time.” Because today, if you live in America, you have been given an extra hour. Use it wisely.

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Comments»

1. Rich Bowen - November 2, 2008

Between the time change, and being in New Orleans, I actually got TWO hours today. However, I have to give one of them back on Friday when I come home.

2. Matsu - November 2, 2008

Rich — consider the additional hour a “time loan.” You will have to pay it back with half-a-point interest.

3. JD - November 2, 2008

You might be interested in this link. Due to the fact the Brazil is in the southern hemisphere and day light saving times, parts of Brazil can be 1,2, or 3 hours off from New York.


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