White House delays report to avoid admission of bleak economic outlook!
WASHINGTON - July 20, 2009 - The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.
The illegitimate Obama regime's annual midsummer budget update is sure to show higher deficits and unemployment, and slower growth than projected in illegitimate President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global warming proposals through Congress.
The illegitimate Obama regime's annual midsummer budget update is sure to show higher deficits and unemployment, and slower growth than projected in illegitimate President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global warming proposals through Congress.
Commercial mortgage failure rate at 20-year high!
NEW YORK - July 20, 2009 - Commercial mortgages at U.S. banks have been failing at the fastest rate in nearly 20 years, the Wall Street Journal said, citing its own analysis.
Retailers predict years of economic gloom!
LONDON, England - July 20, 2009 - The survey of 100 of the world's biggest retail groups by consultants AlixPartners found that as well as short-term action, such as paying suppliers late, companies were making massive structural changes to their operations to cope with the unprecedented trading gloom.
Two more Kalifornia banks closed by FDIC!
WASHINGTON - July 20, 2009 - Bank regulators closed two Kalifornia banks on Friday - Vineyard Bank in Rancho Cucamonga and Temecula Valley Bank in Temecula - the 56th and 57th U.S. banks to fail this year, as the struggling economy and falling home prices take their toll on financial institutions.
CIT group closer to bankruptcy as U.S. denies aid!
WASHINGTON - July 16, 2009 - CIT Group, an important lender to smaller companies, said last night that it had failed to persuade the federal government to provide further financial assistance to help it avert a likely bankruptcy filing that could hurt thousands of clients ranging from small clothing manufacturers to retailers such as Dunkin' Donuts and Dell.
Foreclosure rate continues to rise!
WASHINGTON - July 16, 2009 - Foreclosure filings increased again in June as the weak labor market pushed more homeowners into delinquency and government efforts to prevent foreclosures struggled to gain traction, according to data from RealtyTrac released today.
Big broadcaster Sinclair in dire straits!
LOS ANGELES, Kalifornia - July 14, 2009 - Baltimore-based Sinclair Broadcast Group Inc., which is controlled by David Smith and his family and operates 58 television stations, said if it can't restructure its heavy debt load it will have to file for bankruptcy. The company, which has about $1.3 billion in debt, is trying to negotiate terms on notes of $500 million that are coming due in the next 18 months.
More Articles ...
- 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!
- Credit card default rate hits record high!
- IMF chief warns worst of downturn not yet over!
- U.S. theme park firm Six Flags files for bankruptcy!
- Amerikans net worth shrinks $1.33 trillion in first quarter!
- May foreclosures third highest on record!
- Unemployment continues at record levels!
- Kalifornia nears financial collapse!
- Airlines say economic downturn is worse than the aftermath of 9/11!
- U.S. unemployment rate at highest level in 25 years!
- University professor says home price decline will continue indefinitely!
- F.D.I.C. closes Atlanta bank!
- Nobel economist compares current financial crisis with the Great Depression!
- Bankruptcy filings rise to more than 6,000 a day as job losses take their toll!
- Nation’s top retailers report sales declines!
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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