My Boyfriend Left Me For His Ex! How To Steal Your Man Back

“My boyfriend left me for his ex,” said the woman shaking her head in disbelief. It’s humiliating and painful enough when your boyfriend dumps you but when it’s so that he can reconnect with his old girlfriend, that cuts you to your emotional core. You feel as though you were living on borrowed time with him and you wonder if every moment he spent with you he was thinking about her. As much as you know that the logical thing to do is to wash your hands of it and just walk away, you can’t. Your heart won’t let you. You love him and you’re convinced that he feels the same way about you. If that sounds like the story of your life at the moment, don’t feel sorry for yourself a moment longer. You need to get focused on what you can do to get him back with you and away from her.

If your boyfriend left you for his ex don’t try and convince him that he’s made the wrong choice. You know he has but trying to convince him of that will only make you look desperate in his eyes. Whenever a woman pleads with a man to take her back or she talks badly about another woman in an effort to win his heart, she devalues herself. You know that you’re the superior choice for him so there’s no better way to convince him of that then to show him.

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Instead of taking the obvious approach by calling him all the time and reminding him of why he left her to begin with, show him what a mistake it was leaving you. The best way to do that is to show your boyfriend that you’re mature and emotionally able to handle rejection on a scale like this. It’s very hard to accept that your man dumped you and ran back to the woman he was with before he met you, but you do need to accept it in order to get him back. In other words you need to do the opposite of what he’s expecting you to do.

Every man is driven by the challenges that present themselves in his life. It’s why men are so captivated by sports and it’s also why they chase after specific women. If you throw yourself at your boyfriend’s mercy and beg him to leave his ex for you, you’re killing his attraction for you. However, if you smile sweetly, tell him that you only want the best for him and you jump back into the dating pool, he’ll fall over himself trying to win you back. Become the woman he can’t have anymore and you’ll be the woman he wants. Male psychology has proven that to be the case so use that knowledge to your advantage.

Article Source: sooperarticles.com/relationship-articles/breakups-separation-articles/my-boyfriend-left-me-his-ex-how-steal-your-man-back-299718.html

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Confused about how to win him back? Saying or doing one wrong thing can impact your future with the man you love. Learn the step-by-step guaranteed plan to get him back now. You’ve only got one chance to win him back so make it count.Author: Gillian Reynolds

Ontario Votes 2007: Interview with Green candidate Andrew McAvoy, Windsor-Tecumseh

Monday, September 24, 2007

Andrew McAvoy is running for the Green Party of Ontario in the Ontario provincial election, in the Windsor-Tecumseh riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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On the campaign trail, November 2011

Friday, December 2, 2011

The following is the first in a monthly series chronicling the U.S. 2012 presidential election. It will feature original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail: the Party for Socialism and Liberation nominates an underaged presidential ticket; a college football coach announces that he is running for president; and a candidate excluded from the GOP debates answers whether or not he would run under a third party label.

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Wikinews interviews Democratic candidate for the Texas 6th congressional district special election Daryl Eddings, Sr’s campaign manager

Tuesday, April 20, 2021

Wikinews extended invitations by e-mail on March 23 to multiple candidates running in the Texas’ 6th congressional district special election of May 1 to fill a vacancy left upon the death of Republican congressman Ron Wright. Of them, the office of Democrat Daryl Eddings, Sr. agreed to answer some questions by phone March 30 about their campaigns and policies. The following is the interview with Ms Chatham on behalf of Mr Eddings, Sr.

Eddings is a federal law enforcement officer and senior non-commissioned officer in the US military. His experience as operations officer of an aviation unit in the California National Guard includes working in Los Angeles to control riots sparked by the O. J. Simpson murder case and the police handling of Rodney King, working with drug interdiction teams in Panama and Central America and fighting in the Middle East. He is the founder of Operation Battle Buddy, which has under his leadership kept in touch with over 20 thousand veterans and their families. He was born in California, but moved to Midlothian, Texas. He endeavours to bring “good government, not no government”. Campaign manager Faith Chatham spoke to Wikinews on matters ranging from healthcare to housing.

An Inside Elections poll published on March 18 shows Republican candidate Susan Wright, the widow of Ron Wright, is ahead by 21% followed by Democrat Jana Sanchez with 17% and Republican Jake Ellzey with 8% with a 4.6% margin of error among 450 likely voters. The district is considered “lean Republican” by Inside Elections and voted 51% in favour of Donald Trump in last year’s US presidential election. This is down from 54% for Trump in 2016’s presidential election, the same poll stated.

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How Important Is Health Care

Healthcare is the general term used for the entire area of prevention, treatment and cure of illness and disease using the services of medical experts and resources. The World Health Organizations definition is a little different and refers more to the prevention of illness and services to encourage this, in addition to intervention that should be available to a single person as well as a whole population. The organized provision of such facilities may constitute a healthcare system.The term health care has not always been used though and prior to this is it was often just referred to medicine or the health sector but this was used more by English speaking nations. In most developed nations and many developing nations healthcare is provided to everyone regardless of their ability to pay. This first begun in the UK a few years after the end of World War 2 in 1948, and became the first healthcare service set up and run by a administration.Instead a system of compulsory government funded health insurance with nominal fees can be provided, as with Italy, which, according to The World Health Organization, has the second-best health system in the world. Canada and Australia have both begun similar systems and have been running since almost twenty and the 1970’s respectively both going by the name of Medicare. The main nations that do not support this general healthcare service are The United States and South Africa, although they are making reforms to their health service. health care professionals are dedicated to preventing illness and disease mainly, but also to treat and protect the long term health of their patients.Worldwide, over recent decades, there has been a huge growth in the sum of money spent on health care and it is now one of the fastest growing sectors in every developed country with an average cost of ten percent of the gross domestic product. America has seen some of the biggest rises and the figures in 2006 are anticipated to be the same as 2003 with over 15 percent of GDP – it is currently the biggest in the world but the increase by 2016 is expected to be almost twenty percent.currently in the America over 180 million citizens are looking for health care and it will be no surprise to learn that it is top of all concerns for those in and seeking work. A issue which came to a head when General Motors was seriously considering bankruptcy over the strain its health car plan was putting on the company. It was only after negotiations with the unions to reduce certain health benefits and the subsequent sell off of its poorly performing finance division that stopped the unthinkable from occurring.Workers in The United States place this as their number one priority when looking for a prospective employer and often will move to a lower paid position just to improve their medical care. Perhaps it is time healthcare was looked at in a different way and perhaps called health preservation with an accent on fitness and health to ease the need for a top heavy healthcare system which is becoming a global problem.

Gujarat quota protests turn violent

Friday, August 28, 2015

Parts of the Indian state of Gujarat have been under curfew since Tuesday. At least seven are reported dead, with over 100 buses and dozens of police stations burned, after protests over job quotas turned violent in several major cities including Ahmedabad, Surat, and Rajkot.

Each and every issue can be resolved through talks

The violence is thought to have started after a brief attempt by police to arrest protest leader Hardik Patel, 22 or 21. There have been weeks of protests by members of the Patel caste, with the most recent involving an estimated half a million people.

Ahmedabad, the largest city in the state, has seen the closure of public transport, internet access, schools, and businesses. Ahmedabad is being patrolled by 400 military personnel. The national government has deployed several thousand paramilitary personnel to assist the state government.

The Patel caste, who form up to a fifth of the state population, are generally seen as being affluent businesspeople. However, they want their community to be given the status of Other Backward Class, which would result in eligibility for reserved jobs. They feel they are under-represented in higher education and are suffering in a regional economic downturn.

Amongst those calling for an end to the violence was Prime Minister Narendra Modi, who said “each and every issue can be resolved through talks” during a televised broadcast. He was elected last year and was previously the Chief Minister of Gujarat for more than twelve years. He was in power in Gujurat during sectarian violence in 2002 which resulted in about a thousand deaths.

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Australian Budget for 2006-2007 released

Tuesday, May 9, 2006The Australian Budget (Appropriation Bill No. 1) for 2006-2007 was released by the Australian Liberal PartyAustralian National Party coalition government treasurer, Peter Costello (Higgins, Liberal).

Costello noted the resilience of the economy against natural disasters and terrorism, and through “disciplined and prudent management” the Government was able to “repay Labor’s debt” of quoted 96 billion dollars of net debt and the Government was now “debt-free”.

Costello noted that the Government budget was in “surplus for the ninth time” with a forecast surplus of 10.8 billion.

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Race to save Chilean miners trapped underground from spiralling into depression continues

Thursday, September 2, 2010

It has emerged that the 33 Chilean miners trapped underground after the mine they were working in collapsed could be brought to the surface in a shorter time than was initially feared. While officials publicly announced that the men would not be brought to the surface until Christmas, sources inside technical meetings have revealed that they could in fact be on the surface by early November. The news comes as families were allowed to speak by radio-telephone to their trapped loved ones on Sunday. Over the weekend, video images filmed by the miners emerged showing the miners playing dominoes at a table and singing the Chilean national anthem. The miners also used the camera to send video messages to their families on the surface, saying that they regularly broke into tears, but were feeling better having received food and water.

The grainy nightvision images, filmed on a high definition camcorder that was sent down a small shaft to the mine, show the men in good spirits, chanting “long live Chile, and long live the miners.” They are unshaven and stripped to the waist because of the heat underground, and are seen wearing white clinical trousers that have been designed to keep them dry. Giving a guided tour of the area they are occupying, Mario Sepúlveda, one of the miners, explains they have a “little cup to brush our teeth”, and a place where they pray each day. “We have everything organized,” he tells the camera. Gesturing to the table in the center of the room, he says that “we meet here every day. We plan, we have assemblies here every day so that all the decisions we make are based on the thoughts of all 33.” Another unidentified miner asks to rescuers, “get us out of here soon, please.” A thermometer is shown in the video, reading 29.5C (85F).

As the film continues, it becomes evident that the miners have stuck a poster of a topless woman on the wall. The miners appear shy, and one man puts his hand to his face, presumably dazzled by the light mounted on the cameraman’s helmet. One miner sent a message to his family. “Be calm”, he says. “We’re going to get out of here. And we thank you from the bottom of our hearts for your efforts.” Another said that the miners are “sure that there are people here in Chile that are big people, that are powerful people, that are intelligent people, and they have the technology and they will all work together to get us out of here.” Speaking to the camera, one says: “we have had the great fortune that trapped in this mine there are good, professional people. We have electricians, we have mechanics, we have machine operators and we will let you know that while you are working to rescue us on the surface, we are down here ready to help you too.” It has been reported that Mario Gómez, 63, has become the group’s “spiritual leader”, having worked in the mines for over fifty years. He has requested that materials to build a shrine be sent down to the cavern.

Upon seeing the video in a private screening, family members, who are living in a small village of tents at the entrance to the San José copper-gold mine—which they have named Camp Hope—were elated. “He’s skinny, bearded and it was painful to see him with his head hanging down, but I am so happy to see him alive”, said Ruth Contreras, the mother of Carlos Bravo, who is trapped in the mine. The video, of which only a small portion has been released to the public, shows the miners, many of them wearing helmets, cracking jokes and thanking the rescuers for their continued efforts. The supplies are being sent to the men through a small shaft only twelve centimeters wide, and a laboratory has been set up with the purpose of designing collapsible cots and miniature sandwiches, which can be sent down such a narrow space.

CNN reported on Friday that “officials are splitting the men into two shifts so one group sleeps while the other works or has leisure time .. On average, each man has lost 22 pounds (10 kilograms) since they became trapped three weeks ago, and dehydration remains a threat. But a survey of the men indicates that at least nine miners are still too overweight to fit through the proposed rescue shaft. Initially, the miners survived by draining water from a water-cooled piece of equipment. To stay hydrated in the 90-degree mine, each miner must drink eight or nine pints of water per day.”

But while there are jubilant celebrations on the surface that the miners are alive, officials are now nervous that the miners could become depressed, trapped in a dark room the size of a small apartment. Chilean health minister Jaime Mañalich said that, on the video, he saw the telltale signs of depression. “They are more isolated, they don’t want to be on the screen, they are not eating well”, he said. “I would say depression is the correct word.” He said that doctors who had watched the video had observed the men suffering from “severe dermatological problems.” Dr. Rodrigo Figueroa, head of the trauma, stress and disaster unit at the Catholic University in Santiago, Chile, explained that “following the euphoria of being discovered, the normal psychological reaction would be for the men to collapse in a combination of fatigue and stress … People who are trained for emergencies – like these miners – tend to minimize their own needs or to ignore them. When it is time to ask for help, they don’t.” NASA has advised emergency workers that entertaining the miners would be a good idea. They are to be sent a television system complete with taped football matches. Another dilemma facing Mañalich is whether the miners should be permitted to smoke underground. While nicotine gum has been delivered to the miners, sending down cigarettes is a plan that has not been ruled out.

With the news that drilling of the main rescue tunnel was expected to begin on Monday, officials have informed the media that they hope to have the miners out of the mine by Christmas—but sources with access to technical meetings have suggested that the miners could actually be rescued by the first week of November. A news report described the rescue plan—”the main focus is a machine that bores straight down to 688m and creates a chimney-type duct that could be used to haul the miners out one by one in a rescue basket. A second drilling operation will attempt to intercept a mining tunnel at a depth of roughly 350m. The miners would then have to make their way through several miles of dark, muddy tunnels and meet the rescue drill at roughly the halfway point of their current depth of 688m.” Iván Viveros Aranas, a Chilean policeman working at Camp Hope, told reporters that Chile “has shown a unity regardless of religion or social class. You see people arriving here just to volunteer, they have no relation at all to these families.”

But over the weekend, The New York Times reported that the “miners who have astonished the world with their discipline a half-mile underground will have to aid their own escape — clearing 3,000 to 4,000 tons of rock that will fall as the rescue hole is drilled, the engineer in charge of drilling said Sunday … The work will require about a half-dozen men working in shifts 24 hours a day.” Andrés Sougarret, a senior engineer involved in operating the drill said that “the miners are going to have to take out all that material as it falls.”

The families of those trapped were allowed to speak to them by radio-telephone on Sunday—a possibility that brought reassurance both the miners and those on the surface. The Intendant of the Atacama Region, Ximena Matas, said that there had been “moments of great emotion.” She continued to say that the families “listened with great interest and they both felt and realized that the men are well. This has been a very important moment, which no doubt strengthens their [the miners’] morale.” The phone line is thought to be quite temperamental, but it is hoped that soon, those in the mine and those in Camp Hope will be able to talk every day. “To hear his voice was a balm to my heart … He is aware that the rescue is not going to happen today, that it will take some time. He asked us to stay calm as everything is going to be OK … He sounded relaxed and since it was so short I didn’t manage to ask anything. Twenty seconds was nothing”, said said Jessica Cortés, who spoke to her husband Víctor Zamora, who was not even a miner, but a vehicle mechanic. “He went in that day because a vehicle had broken down inside the mine … At first they told us he had been crushed [to death].”

Esteban Rojas sent up a letter from inside the mine, proposing to his long-time partner Jessica Yáñez, 43. While they have officially been married for 25 years, their wedding was a civil service—but Rojas has now promised to have a church ceremony which is customary in Chile. “Please keep praying that we get out of this alive. And when I do get out, we will buy a dress and get married,” the letter read. Yáñez told a newspaper that she thought he was never going to ask her. “We have talked about it before, but he never asked me … He knows that however long it takes, I’ll wait for him, because with him I’ve been through good and bad.”

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The 7 Stages Of Rehabbing Houses

The most important thing to do in any rehabbing business is breaking the rehab process down into stages. This will ultimately allow you to systemize the entire process in order to remove any guess work as well as allowing you to continuously duplicate the process.

It is important to first educate yourself by learning the prices of labor and materials as well as finding, prescreening, hiring and managing mature, grown-up contractors in your area. This is the foundation of a successful rehabbing business. Knowing the prices of labor and materials, terminology, & required tools will allow you to better communicate and gain the respect of all contractors.

Step 1: Initial walkthrough

The initial walkthrough is where you will do the majority of the legwork for the rehab. There are certain things you will need to bring with you to the walkthrough of the property:

A digital camera taking pictures will allow you to reference the property when creating your scope of work. Pictures will also be necessary down the line if youre going to sell the property retail to an end-buyer using conventional financing. You will be able to provide your before photos and scope of work to the lender as evidence as to why youre re-selling the property for a large profit in a short period of time.

Property inspection form & graph paper This is where youre going to spend most of your time during the initial walkthrough. At this point youve already done an initial walkthrough and youve presumably done a property inspection form. When going through the property inspection form you need to detail the improvements that need to be done and youll also want to look for potential extra improvements that can be done to increase the salability of the property when re-selling it to a retail buyer. You can use the graph paper to sketch a layout for referring to during the scope of work.

A lock box with keys Putting a lock box with a key in it on the property will help to save time and will allow contractors access as needed. This will help everyone work more efficiently and will save you from unnecessary headaches during the rehab process.

Advertising materials You should always bring advertising materials to leave at the property during the rehab process. This of course will help to promote your business. You may want to put a sign on the front lawn, a box with flyers about the property and project in it, or even a banner outside the property.

A Flashlight Its always a good idea to bring a flashlight with you in case the power hasnt been turned on or doesnt work. You dont want to waste a trip and not be able to complete the walkthrough. www.stswholesaledeals.com

Step 2: Scope of work

The scope of work itemizes exactly what needs to be done throughout the entire rehab process. When someone is done reading the scope of work they should have a clear vision of what the finished property will look like. You will reference the scope of work during every step of the rehab process. It will list all of the exact materials, paint, carpet, siding, etc that will be used. All the materials need to be listed along with their cost. This will not only save you an incredible amount of time it will also eliminate any discrepancies with contractors and other workers and provides accountability.

Step 3: Contractors & Job Bidding

When its time to start getting contractor bids you will want to make sure to bring in multiple contractors and get multiple bids. You should provide a nice professional looking scope of work. If you provide a standardized quote itemization form and leave them at the property for the contractors bidding the job they can fill-out their material and labor charges for every component of the job and send it to you. Also with these bid sheets youll also gain the knowledge of pricing as you read over these multiple bids from contractors. Plus, you will know exactly what contractors are charging you for every single component of the house rather than just giving you a flat price for the entire job. Therefore if you have a particular aspect of the job that was priced significantly lower by another contractor (i.e. roof) you can plug another contractor into that specific element of the job and save money. Hiring the right contractors in by far the most important element of any successful rehab project.

Step4: Contracts & Documents

Now that you have all of your contractor bids and have evaluated and made your decision its time to sign the appropriate contracts and documents. The liability of getting all the necessary documentation signed is something you always need to adhere to. Dont even think of doing a rehab and working with contractors without all the documentation property filled out and signed. Once youve selected the right contractor for the job you will want to sit down and have your initial meeting. This is where you will discuss the scope of work and make it clear that you will be watching every move they make. You need to explain what your expectations are and lay out the parameters of which they are to work within. You are the boss. They work for you. You will also want to use your own paperwork and contracts only. Just explain to them that its the way you do business if they want the job. There are six essential documents; independent contractor agreement, scope of work, payment schedule, contractor insurance indemnification form, W9 tax form, and final unconditional waiver of lien. You will find that a quality contractor will be excited and appreciative because they are working with a professional, there is clear communication and they have the scope of work and know exactly what the expectations are.

Step 5: The Rehab Process

This is where you get into the actual rehab itself. The key component is having been prepared for this stage of the process prior to actually starting any work, which is why the steps leading up to this are so important. Doing all your due diligence is key to a successful project. Before starting any type of work its time to pull permits and get inspections coordinated. You will want to have one last meeting with the general contractor (GC), tradesmen, carpenters, etc in order to go over the project and to make sure everything is in order. All the tradesman, carpenters, etc. need to know that the GC is in charge and that they need to refer to him for any construction questions. The GC answers to you. There are five major milestones for the permits and rehab process in general. The milestones are clean-out, frame-out, rough out, insulation and finishing. You begin by cleaning or gutting the property, as needed depending on your scope of work. Then you will proceed by framing out all the rooms and marking every aspect of the layout such as tubs, sinks, toilets, stove, phones, etc. so that the plumbers and electricians know exactly where to rough in. Next the electrician will come in and hardwire with new wire, cable smoke detectors, etc. The plumber will do the plumbing in kitchen and baths, the heating (HVAC) specialists will rough out the heating/cooling system duct work, baseboards, etc. When the rough inspection is complete then all the insulation is put in and then that is also inspected. Once the insulation inspection has passed you can now sheetrock, tape, sand and get ready for trimming out the property. Once trim is done its time to paint. Once the paint is done the electrician and plumbers come back to trim out or drop fixtures. The last thing to always do is flooring and carpet. Once thats all done its time to get your final Certificate of Occupancy (COs). Your last round of inspections to obtain your CO follows the same order of the rough inspections. First all of the subcontractors must get their final inspections okayed before the final building inspector comes to give a CO.

Step 6: Contract Closeout

Once the job is complete its time to do a walkthrough with a final punch list. There will be things that the contractor missed or need to be touched up or re-addressed. Make notes on the punch list of everything that needs to be finished up before they receive their final payment. Once theyve complete that final punch list and youve approved the final product they will sign the unconditional waiver of lien and they get their final payment. Getting the lien waiver signed, a copy of the final CO and completing the punch list is crucial. Make sure not to give the contractor their final payment until those items are taken care of.

Step7: Final Touches

Now its time to critique the house as if you were a potential buyer. The first thing to do is get the house cleaned. You need to make sure that the house is not dirty when buyers come to look at it. The second thing to do is stage the house. Since the house is vacant you want to stage it to visually optimize the space and highlight each room. Staging a house should not cost you more than $500. It will easily pay for itself by getting the investment back ten fold, so dont underestimate what staging can do. After the property is cleaned and staged go back with your camera and take after pictures. It will act as a documented copy for your files. Adding these to your portfolio will help to add instant credibility for future jobs. Finally youll need to change the lock box code in order to prevent against theft. This is an important step.

The value from breaking the rehab into stages allows you to manage the process through a series of systems and checklists. It will help to not only insure a smooth and efficient process but also will add value to your projects and save you time and added risk. Most importantly it will help to guarantee larger profits.

Global markets plunge

Friday, October 10, 2008

Stock markets across the world have fallen sharply with several seeing the biggest drop in their history.

Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The Hang Seng, which was one of the few markets that was positive yesterday, fell 7.19%. Australia dropped by 8.4% and South Korea saw a 9% fall.

In Europe, markets dropped at the open with the FTSE losing 11%. They have recovered only sightly with all European markets losing more than 5%. The European sell off was more about the Asian lows then any specific news. European banks and financial institutes saw the most selling. Also, oil related companies saw large drops as an result of an expected decrease in oil consumption.

The U.S. markets opened lower with the Dow Jones Industrial Average falling below 8,000, before recovering slightly. President George W. Bush made an address on the economy and said markets were being “driven by uncertainty and fear.”

Oil has seen losses of more than US$6 in trading with the current price of a barrel of oil less than $80. This is a year low for oil. News also came out that OPEC will hold an emergency meeting on November 18 to discuss the falling price of oil.

Charities, such as Cats Protection, today said that they have lost much of their funds in collapsing banks. Cats Protection had a total of £11.2 million saved in the now-collapsed Kaupthing bank.

The British National Council for Voluntary Organisations said that 60 of its 6,500 have lost money due to the collapse of banks.

The Dow Jones Industrial Average fell to its lowest level in five years at 8,579.19, falling 679 points in one day. This, at 7.3%, is the eleventh largest percentage fall in the history of the index. The growth then continued, with the index being up over 150 points on the start of the day at one point.

The index, did however, recover, and as of 19:30 UTC was up 17.68 points, or 0.21%, pushing the index up to almost 8600.

Peter Cardillo, chief market economist at Avalon Partners, commented on these massive falls. “What we’ve seen here was one big margin call that just kept feeding on itself, so the opposite could happen. But you need a catalyst,” he said. “I’m more convinced now than ever that this market has made a bottom. The capitulation came when we breached 8,000,” he continued. “It doesn’t mean we can’t go back and revisit that level.”

The UK’s FTSE 100 index fell dramatically to close below 4000, in the index’s worst week in history. This is despite the fact that just a few days ago the index was above 5000, and the index peaked above 5500 in September.The FTSE 100 index has fallen by 41% this year.

Barclays Wealth analyst Henk Potts commented on this massive fall. “We are drowning in a sea of red numbers,” he claimed. “Investors are concerned about the exacerbation of the credit crunch and the gloomy forecasts for economic growth. The reality is that most investors have been spooked by the sheer pressure that the credit crunch is putting on the global economy.”

The Japanese Nikkei 225 has recorded it’s third biggest drop in history with a massive sell-off in the exchange that has resulted in USD 250 billion being knocked of the index’s value.

Toyota, which is the second largest carmaker in the world, fell by the largest amount in 21 years, while Elpida Memory, the world’s largest manufacturer of computer memory, dropped in value to a record low.

Masafumi Oshiden, a fund manager in Toyota commented on the drop.”It’s capitulation,” he said. “There are lots of forced sellers. If you’re a fund that’s going bust you need to close out all your positions.”

George W. Bush commented on the financial situation earlier today. “Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear,” he said. “This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.”

Bush then continued by promoting the government’s plan’s to get through the crises. “Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively.”

Gordon Brown, the UK Prime Minister, also spoke on the economy. “I think we quickly realised that we cannot solve the problems we have got as a result of the sub-prime market collapse simply by improving liquidity,” he said speaking in Birmingham to business leaders earlier today. “That would simply not be enough to deal with the bigger problem of rebuilding the banking system for the future and restoring trust is a fundamental element of that.”

Jim Flaherty, the Canadian minister for finance, also commented today on the recent incidents in the economy. “It is important to underline that Canada’s banks and other financial institutions are sound, well capitalized and less leveraged than their international peers,” he claimed. “Our mortgage system is sound. Canadian households have smaller mortgages relative both to the value of their homes and to their disposable incomes than in the U.S.”

“”However, it is becoming increasingly clear that the continuing disruption of global credit markets, which has been severe and protracted, is making it difficult for our financial institutions to raise long-term funding. This is beginning to affect the availability of mortgage loans and other types of credit in Canada,” he continued. “The Government has therefore decided to act to address the current scarcity of private sector lending to Canadian mortgage markets and lending markets overall. This is going to make loans and mortgages more available and more affordable for ordinary Canadians and businesses.”

20:15, 10 October, 2008 (UTC)
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