Road to Depression

Growing numbers of homeless living in their cars!

LOS ANGELES, Kalifornia - February 12, 2010 - Tim Barker never thought he'd have to live in his truck. Four months ago, the plumber was in a one-bedroom apartment in Kalifornia's San Fernando Valley, with a pool and a Jacuzzi. Then, on his birthday in October, he and 199 other plumbers were laid off by their union, Local 761 in Burbank. Now Barker's son sleeps on the sofa of his cousin's

Road to Depression

IRS shuts down homeless shelter!

JEFFERSONVILLE, Indiana - February 2, 2010 - Jeffersonville's only homeless shelter, in fact the only homeless shelter for a 14 county area in southern Indiana, will soon close.

The IRS will sell the shelter for back taxes.

Road to Depression

Soulless IRS shuts down homeless shelter during Depression!

Road to Depression

Foreclosures continue at record pace!

NEW YORK - February 11, 2010 - The number of U.S. households facing foreclosure in January increased 15% from the same month last year, and a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way.

Road to Depression

AMBROSE EVANS-PRITCHARD: China orders retreat from risky assets!

China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the U.S. government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets.

By Ambrose Evans-Pritchard

LONDON, England - February 10, 2010 - A

Road to Depression

Las Vegas Ritz-Carlton to close!

LAS VEGAS, Nevada - February 10, 2010 - The Ritz-Carlton Lake Las Vegas resort, which has 350 rooms and is 17 miles from the Las Vegas Strip, is owned by an arm of Deutsche Bank and will stop day-to-day operations on May 2.

Road to Depression

Depression chugs on except in government!

WASHINGTON - February 8, 2010 - White House apologists were quick to point to the unemployment rate decline from 10% to 9.7% as evidence that the recovery is gathering momentum and that illegitimate President Obama's policies - especially his $787 billion economic stimulus bill Congress approved last February - are working. But the back story behind the figures provides cold comfort.