According Barack Obama's presidential transition team, the new stimulus plan being prepared by the upcoming Obama administration can be expected to create between 3.3 million and 4.1 million jobs. This according to the Washington Times, which also pointed out that "the president-elect wants [the plan] to total slightly less than $800 billion but ... some Democratic leaders say [it] should near $1 trillion."
On Monday Apple's stock rose dramatically, gaining 4.22 percent by the end of trading and closing at $94.58. Analysts attribute this dramatic rise to an announcement made today by Steve Jobs, Apple's CEO, regarding his health situation.
The federal government handouts to the auto industry continued over the weekend with the announcement of a $4 billion bridge loan to Chrysler LLC to help keep the Big Three automaker afloat. Chrysler, be it duly noted, is 81 percent owned by Cerberus Capital Management LP, one of the world's largest hedge funds, which has been inexplicably unwilling to use any of its own billions to help the troubled automotive giant.
In a December 23 communication sent to the American Civil Liberties Union's benefactors, administration and finance director Alma Montclair reported that the organization will not receive the sum of $850,000 from two foundations whose contributions were counted on to continue the group's work. The unnamed donors, she stated, have been "forced to close their doors and terminate their grants" because they "have been victimized by the Madoff scandal."