• President Barack Obama signed two memorandum aimed at achieving energy independence
  What happens to the old existing cars running in the roads? Definitely, their value is going to go down at a steeper rate. Soon, I won't be able to sell my BMW - nobody is going to buy it for the simple reason that it only gives 22 miles per gallon compared to the new cars that are going to come (if the auto industry keeps its edge) with 35 miles per gallon.
  

• Over 68,000 job cuts announced
  Is this going to affect my job search ? Most probably. I am in software industry and most of the job cuts that are announced are in service company or non-tech company (Sprint, Catterpillar, HomeDepot etc). But I do suspect that this is going to have a negative impact on my job finding. More companies will be cautious in spending money even if they have funds.
  
  
• Home Sale up
  This is a great time to buy house if only you have money! Great bargain on good houses. I guess, people who are financially stable are seeing this opportunity and making some investments.
  
  
• Iceland government collapses under financial crises
  I wonder how it is to live in these countries at this point of time where there is government breakdown along with economic disaster. Sounds like total chaos to me - pretty scary situation!