October 2, 2013
The government shutdown for many can seem unreal and an objectified event. The relationship as citizens to its government is amorphous and tangential. The fallout or fall down of our government is seemingly fought on the lines of healthcare. As millions sought to sign up for health services, systems crashed and technology failures ensued. The pivot points of shutdown can rise to the point of racial lines, economic and social with possibility of all three in a collision course that has shut the national parks, produced unpaid government workers sending home 800,000 workers yet, the conjunctive glue of healthcare remains in place.
Daily News reported, “President Obama said was “entirely preventable” and would “throw a wrench into the gears” of the country’s recovering economy was triggered as a midnight deadline passed without agreement between the Republican-controlled House and Democrat-run Senate,” from “OUT OF SERVICE: Federal government enters first shutdown in 17 years; lawmakers remain divided over Obamacare“.
The impact is loss of service and national services are closed to the public effecting jobs, continuity, and economics. The parks are barricaded and monuments shut and fountains off. The nexuses between business, economy and resources are placed in the pendulum each day the shutdown exists. Businesses will hibernate as bears waiting for season change just as the economy was taking baby steps toward activity. The question is what model of leadership is required for a sustainable society?
The dynamics have changed and thus the thinking around problem solving. New ideas are required in order for sustainability implementation to begin to flourish. It is not just parks and workers that are being effected the dominoes continue.
Stock market report at close, October 1:
The Dow Jones Industrial Average (DJI) lost 0.8% to close the day at 15,129.67 The S&P 500 slipped 0.6% to finish yesterday’s trading session at 1,681.55. The tech-laden Nasdaq Composite Index decreased 0.3% to end at 3,771.48. The fear-gauge CBOE Volatility Index (VIX) jumped 7.4% to settle at 16.60. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.33 billion shares, marginally higher than 2013’s average of 6.3 billion shares. Declining stocks outnumbered the advancers. For 58% shares that declined, only 39% advanced,” reported by Zacks.
- US stocks rise despite govt shutdown (skynews.com.au)
- Stocks edge higher as government shutdown begins (sacbee.com)
- Futures shrug off partial government shutdown (miamiherald.com)
- Markets shrug off partial government shutdown (miamiherald.com)
- Wall Street declines as US government shutdown nears (dnaindia.com)