Bank failures hit 106 for year!
WASHINGTON - October 24, 2009 - It's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday - hitting 106 by the end of the day - the most in nearly two decades. But the trouble in the banking system from bad loans and the Depression goes even deeper.
Higher jobless rates could be the new norm!
WASHINGTON - October 20, 2009 - Even with propagandists’ hopes for an economic revival, many U.S. jobs lost during the current Depression may be gone forever and a weak employment market could linger for years.
Revised formula puts 1 in 6 Amerikans in poverty!
WASHINGTON - October 20, 2009 - The level of poverty in Amerika is even worse than first believed. A revised formula for calculating medical costs and geographic variations shows that approximately 47.4 million Amerikans last year lived in poverty; 7 million more than the government's official figure.
School's out for Depression!
HONOLULU, Hawaii - October 19, 2009 - At a time when illegitimate President Barack Obama is pushing for more time in the classroom, Hawaii has created the nation's shortest school year under a new union contract that closes schools on most Fridays for the remainder of the academic calendar.
More State government layoffs expected soon!
HARRISBURG, Pennsylvania - October 19, 2009 - It appears likely that state government will announce another round of layoffs soon.
City managers to take off five weeks!
CHICAGO, Illinois - October 19, 2009 - Faced with a $550 million budget deficit, Chicago Mayor Richard M. Daley on Monday said that all non-union city workers would take nearly five working weeks of unpaid leave next year to save the city money.
Financial Armageddon proves parable for local governments!
BIRMINGHAM, Alabama - October 19, 2009 - In its 190-year history, Jefferson County, Alabama, has endured a cholera epidemic, a pounding in the Civil War, gunslingers, labor riots, and terrorism by the Ku Klux Klan. Now this namesake of Thomas Jefferson, anchored by Birmingham, is staring at what one local politician calls “financial Armageddon”.
More Articles ...
- Foreclosures force former owners to turn to shelters!
- U.S. bank failures top 100!
- Latin America bloc to stop using dollars in trade!
- Foreclosures level over past three months worst of all time!
- Fed warns of commercial real estate collapse!
- CIT bankruptcy looms as debt swap struggles!
- Continuing Depression now being blamed on low demand!
- Commercial real estate to drive bank failures!
- Dollar reaches breaking point as banks shift reserves!
- Steep losses pose crisis for pensions!
- Number of small bank failures increases!
- U.S. states suffer unbelievable revenue shortages!
- Tens of thousands demand financial help!
- Foreclosures mark pace of ongoing housing crisis!
- Gold hits new record high for third consecutive day!
- Inventories at U.S. wholesalers fall for 12th straight month!
- The demise of the dollar!
- Apartment glut expands!
- More businesses expected to fail!
- AMBROSE EVANS-PRITCHARD: Banks brace for Latvia's collapse!
- Bank failure tally approaches century mark!
- New jobless claims rise more than expected!
- State prepares for shutdown as budget deadline looms!
- Consumer confidence unexpectedly falls!
- U.S. income gap widens as poor take hit in Depression!
- Japan deflation deepens!
- AMBROSE EVANS-PRITCHARD: Merkel warns on spending cuts, fearing Depression era!
- U.S. may collapse if China and Japan don't buy debt!
- Job losses and early retirements hit Social Security!
- AMBROSE EVANS-PRITCHARD: Money figures show there's trouble ahead!
- Simmons plans to file for bankruptcy protection!
- Luxury hotels risk loan defaults!
- Citigroup considers shrinking branch network!
- AMBROSE EVANS-PRITCHARD: Spain tips into Depression!
- Teens lack jobs despite federal stimulus money!
- Depression could stall growth for seven years!
- Commercial real estate is next bubble to burst!
- FDIC may look to U.S. banks for funds!
- Iran replaces U.S. dollar with euro in foreign exchange!
- 42 states lose jobs in August!
- Kalifornia and Nevada hit record unemployment levels!
- Incomes of young people in nosedive!
- Big companies that are veering toward bankruptcy!
- Officials warn option mortgages about to explode!
- 86 percent of Amerikans believe Depression continues!
- Blockbuster more than doubles planned store closures!
- Projections suggest 200-300 more bank failures this year!
- AMBROSE EVANS-PRITCHARD: U.S. credit shrinks at Great Depression rate!
- U.S. foreclosure filings continue at record pace!
- Number of poor in U.S. climbs to 39.8 million!
