Obama says unemployment rate will keep rising!
WASHINGTON - July 14, 2009 – Illegitimate President Barack Obama conceded Tuesday that the unemployment rate will keep growing for "several months" as he prepared to head to battered Michigan to unveil a plan to help train people for the next generation of jobs.
Options dwindle for cashing Kalifornia IOUs!
SACRAMENTO, Kalifornia - July 14, 2009 - Thousands of Kalifornia creditors were left Monday with fewer options for cashing promissory notes issued by the state, as several major banks said they no longer will honor them.
Budget deficit tops $1 trillion for first time ever!
WASHINGTON - July 13, 2009 - The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.
French workers threaten to blow up car parts factory!
PARIS, France - July 13, 2009 - First there was boss-napping; now angry workers at a factory in France have come up with a new tactic in their battle against mass redundancy.
Staff at bankrupt car parts maker New Fabris are threatening to blow up the plant if they do not receive compensation from the companies that provided most of the firm's business.
Staff at bankrupt car parts maker New Fabris are threatening to blow up the plant if they do not receive compensation from the companies that provided most of the firm's business.
Number of factory jobs continues to shrink!
DETROIT, Michigan - July 13, 2009 - Manufacturing, which represented about 1 in every 5 nonfarming Michigan jobs at the turn of the millennium, now employs just 12 percent of the state's workers, and the downward trend line in that job sector shows no sign of a turnaround.
Major lender considering bankruptcy!
NEW YORK - July 11, 2009 - CIT Group, Inc., a lender to almost a million mostly small and midsize businesses across the country, is preparing for a possible bankruptcy filing after so far failing to win a government guarantee to help it borrow, said people familiar with the matter.
Unemployment continues at record pace!
NEW YORK - July 9, 2009 - According to the Department of Labor, in the week ending July 4, the advance figure for seasonally adjusted initial claims was 565,000, a decrease of 52,000 from the previous week's revised figure of 617,000. The 4-week moving average was 606,000, a decrease of 10,000 from the previous week's revised average of 616,000.
More Articles ...
- 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!
- As the Dollar Falls off the Cliff...
- Rising interest on debts of nations may sap world growth!
- Airlines face worst year in aviation history!
- Economic outlook gloomy despite positive spin by government officials!
- General Motors goes bankrupt!
- To ensure a rising market, General Motors and Citigroup are removed from the Dow Jones Industrials!
- Food stamp participation at record levels!
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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