From the Newswire: January 22, 2009

There was a huge wreck on I-45 yesterday, traffic was almost completely stopped in both directions. We need better alternate routes, folks. How about a commuter train? Leave the car in downtown for a day and have a friend or your spouse pick you up at a park + ride when the freeway is completely dead.

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The Texas jobless fund is expected to have a $447 Million shortfall. What is the Texas jobless fund anyway?

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Microsoft, Sony, Southwest Airlines had bad news today. Wall Street isn’t happy about that.

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President Obama decided to take the Presidential Oath again, just in case.

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And, lastly, Chris Walen of Institutional Risk Analytics has a solution for the credit crisis. Let the bad banks die. That’s a remarkably capitalist idea, and I love it.