As our own Jack Gray said in his blog today, it is another manic Monday…and that ain’t a good thing. I decided today it was time to suck it up and check my 401(k) – wow. It probably looks a lot like yours. I think I’ll hold off checking in on it for a while… a long while.
But worrying about a retirement decades away seems trivial when you learn the number of homeless families in Massachusetts is skyrocketing, just as the unforgiving cold of a New England winter is arriving. In just one year – from September 2007 to September 2008 – the number of homeless families living in Massachusetts motels has jumped form 17 to 550. There are another 1,800 families in shelters. The executive director of the Massachusetts Coalition for the Homeless calls the current combination of our sinking economy, rising energy costs, rising unemployment and a shortage of affordable housing a “perfect storm”. Never a welcome term in these parts.
On top of those sobering numbers, for the first time, the state is now tracking how many families are ending up homeless because of foreclosures.
Our colleagues at CNN Money has been working overtime to make sure you have not only the most current information on the financial crisis, but also the most useful. We all have questions about how this continued downturn (some 60% of Americans believe we’re headed for the other “D” word: DEPRESSION), CNN Money has answers in a special report online.
I can’t imagine the agony this mother felt as she clung to her daughter 25 feet in the air, stranded on a carnival ride. As her daughter, Gracie, is pleading, “Help, Mommy!” this Florida Mom has to decide if the best way to help her 2-year-old is to let her fall, hopefully into the arms of someone on the ground. And it turns out, little Gracie wasn’t the only child stuck high above the ground, six more children were found in the ride when Gracie’s mom was rescued.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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