U.S. job market could worsen as stimulus money is spent!
NEW YORK - March 3, 2010 - Snow in February is not the last of the stormy weather for the U.S. labor market.
The weak rebound in the services sector will be a drag on job creation in the near term, and stubbornly high budget deficits at many states will bring more job cuts as federal stimulus spending declines significantly next year.
The weak rebound in the services sector will be a drag on job creation in the near term, and stubbornly high budget deficits at many states will bring more job cuts as federal stimulus spending declines significantly next year.
Man in apartment one day and homeless the next!
TAMPA, Florida - March 3, 2010 - The storm that has engulfed homeowners and the housing industry in recent years has taken a harsh toll on untold numbers of Floridians. Half of Tampa Bay homeowners are underwater on their mortgage. Foreclosure cases are clogging local courthouses.
American reliance on government at all-time high!
WASHINGTON - March 2, 2010 - The Second Great Depression has left Amerikans depending on the government dole like never before.
Without record levels of welfare, unemployment and other government benefits as well as tax cuts last year, the income of U.S. households would have plunged by an astonishing $723 billion - more than four times the record $167 billion drop reported last month by the Commerce Department.
Moreover, for the first time since the Great Depression, Amerikans took more aid from the government than they paid in taxes.
Without record levels of welfare, unemployment and other government benefits as well as tax cuts last year, the income of U.S. households would have plunged by an astonishing $723 billion - more than four times the record $167 billion drop reported last month by the Commerce Department.
Moreover, for the first time since the Great Depression, Amerikans took more aid from the government than they paid in taxes.
Congressman says Greek debt crisis could happen in Amerika!
WASHINGTON - March 1, 2010 - The United States must embrace a blend of tax increases and spending cuts to rein in its deficit or face a potentially crippling debt crisis like the one in Greece, a top U.S. lawmaker warned Monday.
City considers ban on feeding the hungry!
MIAMI, Florida - February 28, 2010 - Miami residents may have to think twice before giving up their leftovers to the homeless.
The Miami City Commission is set to consider a proposal next month that would prohibit unauthorized people and groups from feeding the homeless downtown, an ordinance proponents say will cut down on litter and ensure the safety of the food the homeless do eat.
The Miami City Commission is set to consider a proposal next month that would prohibit unauthorized people and groups from feeding the homeless downtown, an ordinance proponents say will cut down on litter and ensure the safety of the food the homeless do eat.
Weak data raises worries about ongoing Depression!
WASHINGTON (PNN) - February 25, 2010 - Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, the latest data to suggest a step back in the recovery some economists and propagandists insist we are having, despite statistical indications otherwise.
Noted economist predicts China economy will collapse!
TOKYO, Japan - February 24, 2010 - Harvard economics professor Ken Rogoff is throwing some serious bear punches again.
He argues that for China not to crash would be an extremely unusual historical precedent:
“You’re not going to go a decade without having a bump in the business cycle,” said Rogoff, former chief economist at the International Monetary Fund, in an interview in Tokyo yesterday. “We would learn just how important China is when that happens. It would cause a (Depression) everywhere surrounding” the country, including Japan and South Korea, and be “horrible” for Latin American commodity exporters, he said.
He argues that for China not to crash would be an extremely unusual historical precedent:
“You’re not going to go a decade without having a bump in the business cycle,” said Rogoff, former chief economist at the International Monetary Fund, in an interview in Tokyo yesterday. “We would learn just how important China is when that happens. It would cause a (Depression) everywhere surrounding” the country, including Japan and South Korea, and be “horrible” for Latin American commodity exporters, he said.
More Articles ...
- World economy to be hit by several sovereign defaults!
- Regulators report 27 percent jump in problem banks!
- Nearly 20 percent of U.S. workers are underemployed!
- Consumer confidence falls sharply!
- Millions of unemployed face years without jobs!
- Governors say states have not yet seen the economic worst!
- Citigroup warns customers it may refuse to allow withdrawals!
- Jobless claims rise unexpectedly!
- AMBROSE EVANS-PRITCHARD: U.S. bank lending falls at fastest rate in history!
- Toyota to halt production at 2 plants!
- Commercial real estate losses could hit $300 billion!
- Number of commercial property foreclosures surge!
- Foreign demand for Treasury securities falls!
- To save money, Utah considers eliminating senior year of high school!
- Growing numbers of homeless living in their cars!
- Soulless IRS shuts down homeless shelter during Depression!
- IRS shuts down homeless shelter!
- Foreclosures continue at record pace!
- AMBROSE EVANS-PRITCHARD: China orders retreat from risky assets!
- Las Vegas Ritz-Carlton to close!
- Depression chugs on except in government!
- No job growth for small business spurs recovery doubt!
- Rash of retirements pushes Social Security to brink!
- Euro in danger of becoming unstable!
- Frustrated job seekers deciding to call it quits!
- Bank failure tally for year up to 16!
- Stocks slide on unexpected rise in jobless claims!
- U.S. households struggle to afford food!
- You lost your house but you still have to pay!
- Biting Depression leaves more Amerikans hungry!
- Unemployment rises in most metro areas!
- White House paints grim fiscal picture!
- Six more failed banks seized by regulators!
- Foreclosures spreading to previously insulated regions!
- George Soros says gold is now the ultimate bubble!
- New home sales fall in December!
- Verizon to cut 13,000 jobs!
- Escalating pension crisis will bankrupt major city!
- Massive housing complexes go to creditors!
- Federal deficit projected at 1.35 trillion dollars!
- Wal-Mart to cut 11,200 jobs at Sam's Club!
- FDIC closes five more banks in five States!
- Initial jobless claims rise unexpectedly!
- Home construction falls while wholesale prices edge up!
- Russia diversifies into Canadian dollars!
- Citigroup loss signals more trouble for commercial banks!
- Report anticipates new wave of mortgage defaults!
- The United States of debt!
- Citigroup loses $7.6 billion in fourth quarter as it repays TARP!
- Japan Airlines files for bankruptcy protection!
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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Margaret Thatcher
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Stan Solomon
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Irwin Schiff
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Muhammad Ali
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phyllis schlafly
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Charles Weisman
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Carrie Fisher
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Roger Moore
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Adam West
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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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