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http://money.cnn.com/2008/09/24/news/economy/existing_home_sales/index.htm?postversion=2008092411

Boston Globe Article: September 25, 2008 State facing budget woes as local aid payment due By Matt Viser

http://www.boston.com/news/local/massachusetts/articles/2008/09/25/state_facing_budget_woes_as_local_aid_payment_due/

-	This article is about how the State of Massachusetts is trying to find ways to pay the cities and towns. The state does not have enough money to pay it’s bills and it is considering going into the “Rainy Day” fund to make the needed payments. -	The financial problems in the state are a direct result of the financial problems in the stock market. -	Governor Patrick’s budget includes programs like pre-kindergarten programs, but because the state has no money, these programs might be not be fulfilled. -	State of Mass is thinking about taking 310 million dollars from the “Rainy Day” fund.

Questions: -	Who will be borrow money from? -	What happens to a state when there’s no money left? -	Who can we borrow from when mostly every state has none to give?

CNN Money.com http://money.cnn.com/2008/09/25/news/economy/jobless_claims/index.htm?postversion=2008092509

Jobless claims soar near 7-year high First economic report since financial meltdown shows initial unemployment claims rose by 7%, boosted by Hurricanes Gustav and Ike By David Goldman,

-	On Thursday, government accounted that the unemployment claims have risen since last week are more then what was expected. -	Unemployment ascended after 9/11 back in 2001 -	12 states reported that in the last week 1,000 claim increased

Questions: - Why did people loose so many jobs after 9/11? Scared?

http://money.cnn.com/2008/09/24/news/economy/existing_home_sales/index.htm?postversion=2008092411

1. Sales of homes already exsiting fell in August. 2. Sales of home owners fell, a large amount too. 3. Sales in a previous August (2007) were already down 10.7 % 4. It's reported that its been 11 years since the house prices have been going down on a year-to-year basis 5. Condominiums fell 9.5 % from a year ago 6. In every region this year sales have fallen, in the house sales. 7. There are about 4.26 million homes are for sale. August.

Questions: why did this all happen in august??