U.S. Bureau of Economic Analysis

Personal Income and Outlays: December 2008
Personal income decreased $25.3 billion, or 0.2 percent, and disposable personal income (DPI) decreased $25.1 billion, or 0.2 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $102.4 billion, or 1.0 percent. In November, personal income decreased $44.0 billion, or 0.4 percent, DPI decreased $33.9 billion, or 0.3 percent, and PCE decreased $77.8 billion, or 0.8 percent, based on revised estimates.

Gross Domestic Product: Fourth Quarter 2008 (Advance)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 3.8 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.

All eyes on Washington tomorrow

The presidential inauguration is the official day that the President of the United States is sworn into office. The purpose of this inauguration is to honor the incoming president with formal ceremonies, including: a Presidential Swearing-in Ceremony, an Inaugural Address, and an Inaugural Parade.

The inauguration will take place tomorrow on January 20, 2009 in Washington D.C. on the steps of the United States Capitol and will be covered by all the big news channels on DSTV. The swearing-in ceremony starts at 19:00 (Africa time) with the Inaugural Parade starting at 21:30

President-elect Barack Obama will take the oath of office, which states the following:

"I do solemnly swear that I will faithfully execute the office of the President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States."

The theme for the inauguration is The Birth of a New Freedom and keeping with the Election 2.0 style the Obama Inauguration already has an impressive website running with blogs, videos, bios etc.