I’m so glad we decided not to take that cruise over the holidays. I came back from Beijing feeling a bit flush after 90 straight days of producing at the Olympics. A Caribbean vacation sounded like a great way to spend winter break but my teenage son didn’t want to do anything that didn’t include his friends so we decided to celebrate at home. As I look at the direction the economy is going I am grateful for his surly teenage attitude. At the moment the money seems better in the bank.
So many people I know are uncertain about 2009. The angst seems to transcend the color of their collar. My housekeeper brings her unemployed construction worker son-in-law to help her clean. He moved from Minnesota to Denver because there was no work. A newcomer to Denver who I have coffee with tells me her fiancee is one of the 35,000 laid of workers at Bank of America. My colleagues in television are being downsized. Every day I read of more on the beach. Even my friends in real estate and business development are seeing their deals collapse because no one is lending. On a brighter note my banker called and asked if we want to refinance. Maybe now that the Fed has lowered interest rates to nothing there will be some relief.
A year ago I produced a story for NBC about a family facing foreclosure at Christmas and how there was nothing under the tree for the children. Viewers responded to them with so much kindness. I thought it couldn’t get worse than it was a year ago but here we are 12 months later and everyone is being touched. As I count my blessings I worry for those falling through the cracks and the charities who work to help them. And experts say things will get worse before they get better. Scary times!
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