Road to Depression
Unemployment rate rises more than expected!
NEW YORK - July 2, 2009 - Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy's road to recovery will be bumpy.
The Labor Department report, released Thursday, showed that even as the Depression flashes signs of easing, companies li
READ MOREThe Labor Department report, released Thursday, showed that even as the Depression flashes signs of easing, companies li
States brace for shutdowns!
Time is running out for the legislatures in Arizona, Kalifornia, Indiana, Mississippi and Pennsylvania to solve their budget gaps.
INDIANAPOLIS, Indiana - June 30, 2009 - The last time Indiana missed its deadline for passing a budget and had to shut down the government was during the War between the States (Civil War).
But on Monday, as
READ MOREINDIANAPOLIS, Indiana - June 30, 2009 - The last time Indiana missed its deadline for passing a budget and had to shut down the government was during the War between the States (Civil War).
But on Monday, as
U.S. consumer confidence sinks!
NEW YORK - June 30, 2009 – U.S. consumer confidence sank in June amid the prolonged Depression, retreating from an eight-month high the prior month, the Conference Board said Tuesday.
The business research group said its consumer confidence index fell to 49.3 points in June from a revised 54.8 in May.
Most analysts expected a much stronger reading
READ MOREThe business research group said its consumer confidence index fell to 49.3 points in June from a revised 54.8 in May.
Most analysts expected a much stronger reading
Kalifornia preparing to issue IOUs!
SACRAMENTO, Kalifornia - June 29 2009 - Kalifornia is preparing to issue IOUs to its creditors this week as it grapples with an unprecedented cash crunch and prepares to begin its new fiscal year deep in the red.
Once the U.S.’s richest state, Kalifornia now has the dubious distinction of having the worst credit rating in the
READ MOREOnce the U.S.’s richest state, Kalifornia now has the dubious distinction of having the worst credit rating in the
Detroit Public Schools considering bankruptcy!
DETROIT, Michigan - June 29, 2009 - Detroit Public Schools is considering bankruptcy in addition to cutting 2,451 employees - a massive 17.7 percent of its workforce - to reduce the district's multiyear deficit, Robert Bobb, the district's emergency financial manager, revealed before a budget presentation Monday.
READ MOREU.S. dollar falls most in month as China urges new reserve currency!
BEIJING, China - June 27, 2009 - The dollar declined the most against the euro in a month and dropped versus the yen after China repeated its call for a new global currency.
The Swiss franc declined against the euro and dollar this week as foreign-exchange analysts said the central bank sold its currency three times to support the e
READ MOREThe Swiss franc declined against the euro and dollar this week as foreign-exchange analysts said the central bank sold its currency three times to support the e
Rise in number of commercial defaults projected!
SACRAMENTO, Kalifornia - June 26, 2009 - Gated and impeccably landscaped, the Magpie Creek condo development typifies developers’ faith during the housing boom that new homes were so hot they would sell anywhere.
The three-storey complex, built in 2006, sits next to Interstate 80 near Del Paso Heights in the Glenwood Meadows neighborhood, a mix of new homes an
READ MOREThe three-storey complex, built in 2006, sits next to Interstate 80 near Del Paso Heights in the Glenwood Meadows neighborhood, a mix of new homes an
MORE ARTICLES
- Fascist Police States of Amerika regional bank stocks crash!
- FPSA pending home sales unexpectedly tumble in September!
- Which cities have the highest risk of a housing bubble?
- Gas prices fall below 90 cents a gallon at one Wisconsin gas station!
- Sixty percent of Amerikans won’t be able to cover basic necessities in a month or less!
- Southern Kalifornia home sales crash!
- The state of Amerika's debt slaves!
- New home sales decline 9.3%!
- FPSA retail store closings hit a new record high as west coast homelessness soars!
- Commentary: 1 in 4 Amerikans are completely broke and in no position to help themselves!
- Illinois official says state is in massive crisis mode!
- S&P and Moodys cut Illinois to near junk status!
- Five highly respected financial experts warn that a market crash is imminent!
- Greek debt deal collapses after 8 hours of negotiation!
- Crashing Canadian mortgage lender bailed-out by retired healthcare workers!
- Canada housing bubble explodes as its biggest mortgage lender crashes!
- FPSA home prices rise at the fastest pace since July 2014!
- Home sales crash to lowest level since 2008 as pricing reset gets underway!
- The number of new businesses in the FPSA is collapsing!
- Retail sales growth tumbles to 6-month lows!
- Tent cities full of homeless people are booming all over Amerika as poverty spikes!
- 1 in 6 working age males has no job under Obama!
- In 50 years this has never failed to trigger a bear market!
- Amerika’s hidden jobless rate is a product of a conspiracy!
- Today's layoff news!
- Spain's debt now worth more than value of the economy!
- FPSA homeownership falls to nearly its lowest level in history!
- The FPSA government has a $20.4 trillion retirement problem!
- One quarter of Amerikans in their prime working years are unemployed!
- FPSA existing home sales tumble in warning sign for housing market!
- New home sales unexpectedly plunge!
- Swiss politicians slam attempts to eliminate cash!
- FPSA CEOs unleash Depression fears in earnings calls!
- FPSA services economy slumps to weakest in 13 months!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- The worst ever stock market start is just the beginning!
- Brazil slides into the brink with industrial production down 12%!
- Baltic Dry Index careens to fresh record low!
- FPSA banks have 247 trillion dollars of exposure to derivatives!
- Spending was at an all time low for Black Friday this year!
- Puerto Rico debt bomb about to explode!
- Baltic Dry Shipping Index drops to all-time low!
- Latest payroll jobs numbers are false and misleading!
- Markets are back at panic levels!
- Ailing global economy starts to weigh on FPSA job market!
- The truth about unemployment in Amerika!
- Record 94,031,000 Amerikans not in labor force!
- Canada officially enters recession!
- Dow plunges 531 points!
- S&P 500 drops below trading range as global selloff intensifies!
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