Road to Depression

U.S. housing market faces fresh gloom!

on .

LONDON, England - February 22, 2011 - The S&P/Case-Shiller index, the most comprehensive barometer of the housing market, reported that prices in the United State's 20 biggest cities fell 2.4% in December compared with the same month in 2009. For the final quarter of 2010, prices were down 4.1% compared with the final three months of 2009.

Michigan orders school district to make huge cuts!

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LANSING, Michigan - February 21. 2011 - Swift and severe changes are coming to Detroit Public Schools.
State education officials have ordered Robert Bobb to immediately implement a financial restructuring plan that balances the district's books by closing half of its schools, swelling high school class sizes to 60 students and consolidating operations.

U.S. housing figures continue to worsen!

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NEW YORK - February 20, 2011 - While some officials – wearing rose-colored lenses – think the U.S. economy at large appears to be gathering steam, one key area remains mired in the muck of the Second Great Depression.

Germans vote no more bailouts!

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HAMBURG, Germany - February 20, 2011 - As the results of the first of seven German regional elections hits the wire, the German people are heard loud and clear: "no more bailouts."

U.S. inflation rises more than expected!

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WASHINGTON - February 17, 2011 - U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures.

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