Today was National Bankruptcy Day, so named because today was the day the Consumer Product Safety Improvement Act (CPSIA) was to go into effect. This legislation has turned out to be so confusing and far- reaching in its negative impact on small business in America, that its enforcement has been stayed for one year. National Bankruptcy, at least in this sector, has been temporarily averted! More information on all the ins and outs of that on my other blog, This Side of Heaven.
Today was also national elections in Israel (Broken link, active February 10, 2009). Apparently the results were so close that no one is sure just yet who the next prime minister is going to be. This was based on exit polling data – as far as I could tell, the actual votes are still being counted. So we will just have to see what happens. Pray for Israel and the peace of Jerusalem!
And today, the Senate passed the almost 1 trillion dollar stimulus bill – only the news is calling it Obama’s Economic Recovery Plan. It is amazing, isn’t it, how a happy name can make a bad thing sound so much more cheerful!
Update: NRO online explains the confusing Israeli election process and what we might expect to see since the two major parties (Livni’s and Netanyahu’s) won an equivalent number of seats.