Food stamp usage at an all time high!
WASHINGTON - April 6, 2010 - Food stamp usage is up again except the program is now called the Supplemental Nutrition Assistance Program (SNAP).
Road to Depression
Controller says L.A. will run out of cash in a month!
LOS ANGELES, Kalifornia - April 5, 2010 - Los Angeles will run out of cash on May 5, city Controller Wendy Greuel said today in a release in which she requested a $90 million transfer of reserve funds to pay bills.
Growing numbers of parents unable to support their children!
FAIRFIELD, Connecticut - April 5, 2010 - When Maurice Johnson was laid off a year ago from his six-figure salary as a managing director at GE Capital, it wasn't his future he was worried about. It was his children's.
AMBROSE EVANS-PRITCHARD: Deflation on the prowl as Bernanke shuts down his printing press!
The most audacious monetary experiment in modern history ended on April Fools' Day. America must walk without crutches, on gangrenous legs.
By Ambrose Evans-Pritchard
April 4, 2010 - The U.S. Federal Reserve has completed its purchase of $1.7 trillion (£1.1bn) of mortgage securities, agency debt and U.S. Treasuries, the conjuring trick of "credit easing" that allowed Ben Bernanke to create stimulus equal to 12% of Gross Domestic Product.
Tent slums spring up in Amerika!
LOS ANGELES, Kalifornia - March 30, 2010 - Concentrations of homeless people are nothing new in Amerika, but recent BBC and Los Angeles Times reports depict a rising trend of shanty slums, such as a "city" of newly homeless people living in tents near the Ontario airport in Los Angeles.
Fall in savings rate shows there is no recovery!
NEW YORK - April 2, 2010 - Edward Harrison yesterday gave three causes for the fall in U.S. savings rate - in other words, why Amerikans are spending 96.9% of their income.
Private sector report shows thousands of jobs lost in March!
WASHINGTON - April 1, 2010 – Private sector employers shed 23,000 jobs in March, surprising economists who expected job growth last month and raising doubts that Friday's government report on March unemployment will be as positive as hoped.
More Articles ...
- Drop in U.S. jobless claims not indicative of true unemployment figures!
- More people blame Obama for poor economy and unemployment!
- Bank of Ireland plunges €3 billion into the red!
- State debt woes grow too big to camouflage!
- Commercial real estate mortgages sinking quickly!
- U.S. to sell entire stake in Citigroup!
- Social Security payout to exceed income this year!
- Commercial foreclosure storm predicted!
- February existing home sales drop for third consecutive month!
- What's left to fix the housing market?
- New York State tax refunds put on hold!
- Economic mixed bag shows no inflation but little hiring!
- Major hotel working to prevent foreclosure!
- Latvia government collapses amid economic crisis!
- GOP claims mortgage rescue books are cooked!
- Consumer spending crashes!
- United States and UK move closer to losing AAA rating!
- Corporate debt coming due may squeeze credit!
- Bank seizes wrong house, holds parrot hostage!
- Fannie and Freddie’s $125 billion tab still growing!
- Florida foreclosure activity increases!
- Police clash with protesters over severe cutback in services!
- Unemployment tops 20 percent in eight Kalifornia counties!
- Volkswagen confirms net income last year fell by 80 percent!
- Foreclosure auction set for Maui resort!
- Cash-strapped states delay paying income tax refunds!
- Kansas City wants to close half its public schools!
- People remain out of work because they continue to receive unemployment!
- U.S. job market could worsen as stimulus money is spent!
- Man in apartment one day and homeless the next!
- American reliance on government at all-time high!
- Congressman says Greek debt crisis could happen in Amerika!
- City considers ban on feeding the hungry!
- Weak data raises worries about ongoing Depression!
- Noted economist predicts China economy will collapse!
- World economy to be hit by several sovereign defaults!
- Regulators report 27 percent jump in problem banks!
- Nearly 20 percent of U.S. workers are underemployed!
- Consumer confidence falls sharply!
- Millions of unemployed face years without jobs!
- Governors say states have not yet seen the economic worst!
- Citigroup warns customers it may refuse to allow withdrawals!
- Jobless claims rise unexpectedly!
- AMBROSE EVANS-PRITCHARD: U.S. bank lending falls at fastest rate in history!
- Toyota to halt production at 2 plants!
- Commercial real estate losses could hit $300 billion!
- Number of commercial property foreclosures surge!
- Foreign demand for Treasury securities falls!
- To save money, Utah considers eliminating senior year of high school!
- Growing numbers of homeless living in their cars!
