Extending unemployment benefits creates joblessness!
NEW YORK - August 2, 2009 - Extending unemployment benefits will encourage people not to look for work, says Michelle Malkin.
The writer and columnist told a roundtable panel on ABC’s This Week that “there are a lot of these smart economists who say that if you keep extending these temporary unemployment benefits, you’re just going to extend joblessness even more.”
The writer and columnist told a roundtable panel on ABC’s This Week that “there are a lot of these smart economists who say that if you keep extending these temporary unemployment benefits, you’re just going to extend joblessness even more.”
Depression worst than prior estimates!
NEW YORK - August 1, 2009 - The first 12 months of the U.S. Depression saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.
Weak treasury auctions raise worries about U.S. debt burden!
NEW YORK - July 30, 2009 - The U.S. Treasury sold $39 billion in five-year debt Wednesday in an auction that drew poor demand, raising worries over the cost of financing the government's burgeoning budget deficit.
U.S. Postal Service struggling for survival!
WASHINGTON - July 30, 2009 - Lawmakers on Thursday will consider various proposals to restructure the U.S. Postal Service, just days after government auditors warned that it must quickly address its financial viability.
Jobless claims rise more than expected!
WASHINGTON - July 30, 2009 - The number of U.S. workers filing new claims for jobless benefits rose slightly more than expected last week, but a gauge of underlying labor trends fell for a fifth straight week, government data showed on Thursday.
Verizon to cut 8,000 employee jobs!
NEW YORK - July 27, 2009 - Phone company Verizon says it will cut 8,000 jobs from among employees and contractors before the end of the year to keep costs in line as the Depression saps demand from businesses for telecommunications services.
Actual unemployment rate hits a 68-year high!
NEW YORK - July 26, 2009 - Although you have to dig into the statistics to know it, unemployment in the United States is now worse than at any time since the end of the Great Depression.
More Articles ...
- British economic collapse rivals Great Depression!
- Commercial mortgage delinquency up 585 percent!
- CIT bankruptcy filing may follow August debt swap!
- New U.S. weekly jobless claims jump!
- Profits fall at eBay as Depression hits online businesses!
- Continental Airlines cuts 1,700 jobs!
- Economist predicts Depression will continue!
- White House delays report to avoid admission of bleak economic outlook!
- Commercial mortgage failure rate at 20-year high!
- Retailers predict years of economic gloom!
- Two more Kalifornia banks closed by FDIC!
- CIT group closer to bankruptcy as U.S. denies aid!
- Foreclosure rate continues to rise!
- Big broadcaster Sinclair in dire straits!
- Obama says unemployment rate will keep rising!
- Options dwindle for cashing Kalifornia IOUs!
- Budget deficit tops $1 trillion for first time ever!
- French workers threaten to blow up car parts factory!
- Number of factory jobs continues to shrink!
- Major lender considering bankruptcy!
- Unemployment continues at record pace!
- FDIC gearing up for large number of bank closures!
- Actual unemployment rate is already at 20 percent!
- Subprime default rate as high as 49 percent!
- U.S. lurching towards debt explosion with long-term interest rates on course to double!
- Kalifornia credit rating cut to near junk status!
- Seven more banks fail, pushing current year tally to 52!
- Kalifornia default is imminent!
- Unemployment rate rises more than expected!
- States brace for shutdowns!
- U.S. consumer confidence sinks!
- Kalifornia preparing to issue IOUs!
- Detroit Public Schools considering bankruptcy!
- U.S. dollar falls most in month as China urges new reserve currency!
- Rise in number of commercial defaults projected!
- Substantial downgrade in Kalifornia credit rating is imminent!
- Number of people on welfare increases sharply!
- Unemployment expected to remain in double digits for many years while Depression continues to get worse!
- Employers cutting back on 401(k) plans!
- U.S. home prices drop 6.8 percent in April as foreclosures rise!
- Red Roof Inn financial collapse!
- Kalifornia officials warn financial doom is near!
- U.S. initial jobless claims jump for second week in a row!
- Five more U.S. banks are seized!
- China sells U.S. bonds to express its concern over Amerikan economic policies!
- Refinance applications off by nearly 25 percent in one week!
- 22 banks downgraded by S&P!
- The recession tracks the Great Depression!
- British Airways asks staff to work for free!
- Bankers say cash will become extinct within a decade!