Jobless claims rise unexpectedly!
WASHINGTON - February 18, 2010 - The number of newly laid-off workers filing applications for unemployment benefits unexpectedly surged last week after having fallen sharply in the previous week. The gain dampened hopes about how quickly the labor market may improve this year.
AMBROSE EVANS-PRITCHARD: U.S. bank lending falls at fastest rate in history!
Bank lending in the U.S. has contracted so far this year at the fastest rate in recorded history, raising concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.
By Ambrose Evans-Pritchard
LONDON, England - February17, 2010 - David Rosenberg from Gluskin Sheff said lending has fallen by over $100 billion (£63.8bn) since January, plummeting at an annual rate of 16%. "Since the credit crisis began, $740 billion of bank credit has evaporated. This is a record 10% decline," he said.
By Ambrose Evans-Pritchard
LONDON, England - February17, 2010 - David Rosenberg from Gluskin Sheff said lending has fallen by over $100 billion (£63.8bn) since January, plummeting at an annual rate of 16%. "Since the credit crisis began, $740 billion of bank credit has evaporated. This is a record 10% decline," he said.
Toyota to halt production at 2 plants!
WASHINGTON - February 16. 2010 - Toyota Motor Corp. plans to shut down production again at two U.S. plants as it copes with the fallout from a series of recalls, a company spokesman confirmed today.
Commercial real estate losses could hit $300 billion!
NEW YORK - February 16, 2010 - Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded.
Number of commercial property foreclosures surge!
DALLAS, Texas - February 16, 2010 - Foreclosure postings for several high-profile North Texas properties caused commercial real estate loan default filings to surge this month.
The properties scheduled for forced sale by lenders at next month's foreclosure auctions in Dallas-Fort Worth represent a total of more than $900 million in debt.
The properties scheduled for forced sale by lenders at next month's foreclosure auctions in Dallas-Fort Worth represent a total of more than $900 million in debt.
Foreign demand for Treasury securities falls!
WASHINGTON - February 16, 2010 - The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December, with China reducing its holdings by $34.2 billion.
To save money, Utah considers eliminating senior year of high school!
SALT LAKE CITY, Utah - February 15, 2010 - Imagine being forced to skip your senior year of high school. Or having the option. If you live in Utah, that could become a reality.
In an effort to bridge a $700 million budget shortfall, Republican state Senator Chris Buttars has put forth a plan to eliminate 12th grade in high school, the Los Angeles Times reports.
In an effort to bridge a $700 million budget shortfall, Republican state Senator Chris Buttars has put forth a plan to eliminate 12th grade in high school, the Los Angeles Times reports.
More Articles ...
- Growing numbers of homeless living in their cars!
- IRS shuts down homeless shelter!
- Soulless IRS shuts down homeless shelter during Depression!
- Foreclosures continue at record pace!
- AMBROSE EVANS-PRITCHARD: China orders retreat from risky assets!
- Las Vegas Ritz-Carlton to close!
- Depression chugs on except in government!
- No job growth for small business spurs recovery doubt!
- Rash of retirements pushes Social Security to brink!
- Euro in danger of becoming unstable!
- Frustrated job seekers deciding to call it quits!
- Bank failure tally for year up to 16!
- Stocks slide on unexpected rise in jobless claims!
- U.S. households struggle to afford food!
- You lost your house but you still have to pay!
- Biting Depression leaves more Amerikans hungry!
- Unemployment rises in most metro areas!
- White House paints grim fiscal picture!
- Six more failed banks seized by regulators!
- Foreclosures spreading to previously insulated regions!
- George Soros says gold is now the ultimate bubble!
- New home sales fall in December!
- Verizon to cut 13,000 jobs!
- Escalating pension crisis will bankrupt major city!
- Massive housing complexes go to creditors!
- Federal deficit projected at 1.35 trillion dollars!
- Wal-Mart to cut 11,200 jobs at Sam's Club!
- FDIC closes five more banks in five States!
- Initial jobless claims rise unexpectedly!
- Home construction falls while wholesale prices edge up!
- Russia diversifies into Canadian dollars!
- Citigroup loss signals more trouble for commercial banks!
- Report anticipates new wave of mortgage defaults!
- The United States of debt!
- Citigroup loses $7.6 billion in fourth quarter as it repays TARP!
- Japan Airlines files for bankruptcy protection!
- Arizona closes state parks!
- Dollar crisis looms if U.S. doesn't curb debt!
- December retail sales drop!
- December foreclosures jump!
- Chamber warns of deeper Depression due to Democrat policies!
- More families rely on food stamps to feed children!
- Some jobs will never return!
- AMBROSE EVANS-PRITCHARD: America slides deeper into Depression as Wall Street revels!
- Mortgage delinquencies up at Fannie Mae and Freddie Mac!
- Sharp drop in temperatures could spike food prices!
- Number of new jobless claims increase!
- Banks considering cuts in principal for distressed mortgages!
- South Florida has over $12 billion in troubled commercial real estate!
- Noted economist predicts lawlessness in the United States!
Eulogies
Eulogy for an Angel
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Freedom
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My Father
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Dr. Stan Dale
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MICHAEL BADNARIK
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A. Solzhenitsyn
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Patrick McGoohan
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Joseph A. Stack
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Bill Walsh
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Walter Cronkite
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Eustace Mullins
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Paul Harvey
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Don Harkins
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Joan Veon
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David Nolan
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Derry Brownfield
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Leroy Schweitzer
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Vaclav Havel
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Andrew Breitbart
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Dick Clark
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Bob Chapman
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Ray Bradbury
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Tommy Cryer
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Andy Griffith
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Phyllis Diller
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Larry Dever
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Brian J. Chapman
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Annette Funnicello
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Margaret Thatcher
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Richie Havens
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Jack McLamb
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James Traficant
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Dr. Stan Monteith
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Leonard Nimoy
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Stan Solomon
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B. B. King
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Irwin Schiff
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DAVID BOWIE
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Muhammad Ali
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GENE WILDER
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phyllis schlafly
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John Glenn
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Charles Weisman
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Carrie Fisher
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Debbie Reynolds
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Roger Moore
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Adam West
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JERRY LEWIS
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HUGH HEFNER
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PROF. STEPHEN HAWKING
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ART BELL
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DWIGHT CLARK
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CARL MILLER
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HARLAN ELLISON
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STAN LEE
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CARL REINER
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SEAN CONNERY
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L. NEIL SMITH
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JOHN STADTMILLER
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