*A lot of companies are under the impression that their customers will keep taking the bullcrap from them in terms of providing lousy service and hiking up prices, but that is not the case these days.
People are struggling to get by and Occupy protesters as well as Netflix customers are showing us the way to get things done. (more…)
*There’s no question about it, the economy is failing and everyone is being affected, including pastors. Some ministers took to Twitter to express their outrage about the dropping numbers in stocks and the U.S.’s ugly credit rating.
The Christian Post reports that pastor David Roberts of Clarks Chapel Baptist Church in North Carolina is prepping his congregation for the hard times ahead. The church will be hosting Dave Ramsey’s Financial Peace University classes once per week beginning next month.
Ramsey’s “The Great Recovery” campaign to get the country back on its feet financially “one family at a time” can’t seem to come soon enough for Roberts.
“Watching the market speed up its tumble while Obama speaks…,” Roberts tweeted during the President’s public address about the downgrade Monday. Later, Roberts tweeted: “It’s a good time to invest in the stock market – buy low; sell high – right?”
Read more at the ChristianPost.com.
*While none were as dramatic as the Dow Jones’ wild swing on Thursday, stocks fell around the world during the U.S. overnight as a bailout package for Greece failed to calm fears of a debt crisis.
Japan’s Nikkei 225 Index dropped 3.1 percent, the MSCI Asia Pacific Index dropped 1.7 percent.
The Stoxx Europe 600 index was down 2.9 percent in London Friday morning. Anxiety is getting worse. Bob Parker, an adviser to Credit Suisse Asset Management, told Bloomberg: “Markets are highly concerned about the contagion effect. There’s been nothing to calm market fears.”
Looking to soothe panicky nerves, finance ministers from the G7 nations are holding a conference call Friday to discuss the Greek debt situation, The New York Times reports.
The uncertainty of the British election, where David Cameron’s Conservatives appear short of an outright majority, also affected the market-the pound fell to a 13-month low out of concerns a weak
government will emerge from the fray. Get more, HERE.