No job growth for small business spurs recovery doubt!
NEW YORK - February 8, 2010 - Small businesses are becoming fuel for the continued Depression by limiting growth and job creation.
Companies with fewer than 500 employees, such as Phoenix Technologies, Ltd. and Sonic Corp., helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New Jersey-based Automatic Data Processing, Inc., the world’s largest payroll processor.
Companies with fewer than 500 employees, such as Phoenix Technologies, Ltd. and Sonic Corp., helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New Jersey-based Automatic Data Processing, Inc., the world’s largest payroll processor.
Rash of retirements pushes Social Security to brink!
WASHINGTON - February 8, 2010 - Social Security's annual surplus nearly evaporated in 2009 for the first time in 25 years as the Depression led hundreds of thousands of workers to retire early or claim disability.
Euro in danger of becoming unstable!
BERLIN, Germany - February 6, 2010 - Guenther Oettinger, a conservative leader in Germany and designated European Union energy commissioner, warned in a German newspaper interview on Saturday that the euro was in danger of becoming an unstable currency. Oettinger, the outgoing state premier of Baden-Wuerttenberg, told the Reutlinger General-Anzeiger daily that stabilizing the euro in the face of a deepening debt crisis is one of the greatest challenges the European Union faces.
Frustrated job seekers deciding to call it quits!
SAN FRANCISCO, Kalifornia - February 6, 2010 - Many jobless people have reached a conclusion that captures the depth of the unemployment crisis: Looking for a job is a waste of time.
The economy is creating few jobs. That's why in the past eight months, 1.8 million people without jobs left the labor market. Many had grown so frustrated by their failure to find a job that they threw up their hands and quit looking for one.
The economy is creating few jobs. That's why in the past eight months, 1.8 million people without jobs left the labor market. Many had grown so frustrated by their failure to find a job that they threw up their hands and quit looking for one.
Bank failure tally for year up to 16!
NEW YORK - February 5, 2010 - Regulators shuttered a Minnesota bank on Friday night, for the 16th failure of 2010.
The bank, 1st American State Bank of Minnesota, in Hancock, was closed by the state's Department of Commerce. The department named the Federal Deposit Insurance Corp. the receiver.
The bank, 1st American State Bank of Minnesota, in Hancock, was closed by the state's Department of Commerce. The department named the Federal Deposit Insurance Corp. the receiver.
Stocks slide on unexpected rise in jobless claims!
NEW YORK - February 4, 2010 - Stocks tumbled Thursday after disappointing jobless claims numbers had investors worrying about the government's upcoming January jobs report.
At the same time, more trouble for debt-strapped European governments also unnerved investors and sent them in search of safe haven holdings like the U.S. dollar and U.S. Treasury notes. The Dow Jones industrial average fell 200 points, and all the major indexes were down about 2%.
U.S. households struggle to afford food!
WASHINGTON - Februiary 4, 2010 - Nearly one in five U.S. households ran out of money to buy enough food at least once during 2009, said an antihunger group on Tuesday, urging more federal action to help Amerikans get enough to eat.
More Articles ...
- 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!
- Economists say financial crisis is far from over!
- States running out of money for unemployment benefits!
- 2009 bankruptcies up by 32 percent!
- Devastated commercial market to spark more lawsuits and bankruptcies!
- Commercial real estate could trigger deeper Depression!
- Amerikans seek silver lining in 2010!
- U.S. new jobless claims dip to 17-month low!
- U.S. in fiscal peril with $12.1 trillion debt!
- Japan Air stock plunges as investors fear bankruptcy!
- Treasury claims majority stake in GMAC!
- North Texas commercial foreclosures jump by 27 percent!
- Real estate could be a red flag for smaller banks!
- Debt will continue to dominate in 2010!
- Royal Canadian Mint reveals how it lost gold!
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Eulogy for an Angel
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Freedom
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My Father
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Patrick McGoohan
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CARL MILLER
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