Is Governor Going To Affect Olympic Bid?

The Olympic bid committee had a meeting earlier this week to discuss the final plan for Chicago before it is due in February. The plan was really affected by some recent news. Last week, Illinois governor, Rod Blagojevich was arrested. One may not think that this arrest means much to the 2016 Olympic bid committee, but it does. The Governor was going to aid in the financial section for the committee, however he was not able to complete it before the arrest. The committee has re-worked several things into the plan, including the use of more parts of Chicago, like the south side, and creating permanent structures for the games. Many people think that with the arrest Chicago will receive negative attention from the International Olympic Committee, what do you think? Does the governor’s arrest affect the chances of having the 2016 Olympics in Chicago?

Spend Or Save?

The United States is in an official recession. The global financial crisis has been escalating for about a year now along with the decline of the economy and stock market. Many industries, like the auto industry, have had to cut spending and are dealing with tight budgets for the end of 2008 and 2009. With the holidays right around the corner, I am beginning wonder what will happen to the economy? Will it decline even further, because of a lack of consumer spending? Or, will people spend excessive amounts just because it’s the holiday season? I believe that most people will not spend like they have previously spent on past holiday seasons. This is because many Americans have lost jobs along with a lot of invested money that was in the markets. Not only are the consumers suffering, but also the lack of spending has created many losses for store and business owners. The recession has created bad holiday financial situations for everyone.

What do you think will happen this holiday season? What will the consumers do? Spend, or save?