Initial jobless claims rise unexpectedly!
WASHINGTON - January 21, 2010 - The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the Depression continues to deepen despite assurances by government economists that we are in economic recovery.
Home construction falls while wholesale prices edge up!
WASHINGTON - January 20, 2010 - The housing market remains a significant risk to the economy, data Wednesday showed, as bad weather across much of the country hammered the construction industry.
Also on Wednesday, the government said buyers will face higher fees and tougher standards for home loans backed by the Federal Housing Administration, a popular source of loans for first-time buyers.
Also on Wednesday, the government said buyers will face higher fees and tougher standards for home loans backed by the Federal Housing Administration, a popular source of loans for first-time buyers.
Russia diversifies into Canadian dollars!
MOSCOW, Russia - January 20, 2010 - Russia’s central bank announced on Wednesday that it had started buying Canadian dollars and securities in a bid to diversify its foreign exchange reserves.
Citigroup loss signals more trouble for commercial banks!
NEW YORK - January 20, 2010 - Wall Street may be drawing attention for its rebounding profits, but not all big banks are rolling in dough.
On Tuesday, Citigroup posted a $7.6-billion loss for the last three months of 2009, the banking giant's first unprofitable quarter since 2008. Similar bad news is expected today when Bank of America, Inc., Wells Fargo & Co. and U.S. Bancorp report their earnings.
Report anticipates new wave of mortgage defaults!
WASHINGTON - January 20, 2010 - The high level of foreclosures plaguing the country will get worse before it gets better, according to a report issued Wednesday by state regulators that found that mortgage relief being offered to distressed borrowers is not keeping up with the need.
The United States of debt!
Amerikan cities and states have piled on the debt in recent years. Who is headed for trouble?
NEW YORK - January 20, 2010 - Bankruptcy fears in Dubai and Greece roiled world credit markets in recent months as investors braced for the possibility of default. But United States governments have their own share of woes.
NEW YORK - January 20, 2010 - Bankruptcy fears in Dubai and Greece roiled world credit markets in recent months as investors braced for the possibility of default. But United States governments have their own share of woes.
Citigroup loses $7.6 billion in fourth quarter as it repays TARP!
NEW YORK - January 19, 2010 - Citigroup says it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid its government bailout money.
More Articles ...
- 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!
- National Irish Bank to stop handling cash!
- Small business bankruptcies rise 81% in Kalifornia!
- Third-quarter growth revised downward!
- More prime mortgages default in third quarter!
- Citadel Broadcasting files bankruptcy!
- City shuts down on Christmas Eve to save cash!
- U.S. Treasuries harder to buy!
- Regulators close seven more banks!
- Four big bailout recipients mired in debt!
- Banks send checks into the recycle bin of history!
- Jobless claims rise for second straight week!
- AMBROSE EVANS-PRITCHARD: Gulf petro-powers launch their own currency!
- FDIC boosts 2010 budget and staff!
- Producer prices climb more than forecast!
- UN socialists seek Obama support for global financial tax!
- Dead-end decade for shares likened to 1930s!
- Foreclosures top 300,000 for ninth straight month!
- New jobless claims rise more than expected!
- Home prices expected to slide further!
- The coming wave of debt defaults!
- UK and U.S. financial ratings weaker!