Commercial real estate to drive bank failures!
NEW YORK - October 12, 2009 - The next big headache for banks is likely to be commercial real estate and analysts expect big losses and another wave of bank failures to result.
Dollar reaches breaking point as banks shift reserves!
NEW YORK - October 12, 2009 - Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two-quarter rout in almost two decades.
Steep losses pose crisis for pensions!
WASHINGTON - October 11, 2009 - The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.
Number of small bank failures increases!
NEW YORK - October 10, 2009 - A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th bank failure of 2009.
U.S. states suffer unbelievable revenue shortages!
WASHINGTON (PNN) - October 9, 2009 - Government officials say that the U.S. economy may be creeping toward recovery after the worst slowdown since the Great Depression, but many states see no end in sight to their diving tax revenues.
Tens of thousands demand financial help!
DETROIT, Michigan - October 8, 2009 - The economic tsunami washing over metro Detroit swept its casualties to the doors of Cobo Center on Wednesday in the form of 35,000 people so desperate for help with mortgage and utility bills that threats were made, fights broke out and people were nearly trampled. Some were treated by emergency medical workers on site.
Foreclosures mark pace of ongoing housing crisis!
MIAMI, Florida - October 8, 2009 - Every 13 seconds in Amerika, there is another foreclosure filing.
That's the rhythm of a crisis that threatens to choke off hopes for a recovery in the U.S. housing market as it destroys hundreds of billions of dollars in property values a year.
That's the rhythm of a crisis that threatens to choke off hopes for a recovery in the U.S. housing market as it destroys hundreds of billions of dollars in property values a year.
More Articles ...
- Gold hits new record high for third consecutive day!
- Inventories at U.S. wholesalers fall for 12th straight month!
- The demise of the dollar!
- Apartment glut expands!
- More businesses expected to fail!
- AMBROSE EVANS-PRITCHARD: Banks brace for Latvia's collapse!
- Bank failure tally approaches century mark!
- New jobless claims rise more than expected!
- State prepares for shutdown as budget deadline looms!
- Consumer confidence unexpectedly falls!
- U.S. income gap widens as poor take hit in Depression!
- Japan deflation deepens!
- AMBROSE EVANS-PRITCHARD: Merkel warns on spending cuts, fearing Depression era!
- U.S. may collapse if China and Japan don't buy debt!
- Job losses and early retirements hit Social Security!
- AMBROSE EVANS-PRITCHARD: Money figures show there's trouble ahead!
- Simmons plans to file for bankruptcy protection!
- Luxury hotels risk loan defaults!
- Citigroup considers shrinking branch network!
- AMBROSE EVANS-PRITCHARD: Spain tips into Depression!
- Teens lack jobs despite federal stimulus money!
- Depression could stall growth for seven years!
- Commercial real estate is next bubble to burst!
- FDIC may look to U.S. banks for funds!
- Iran replaces U.S. dollar with euro in foreign exchange!
- 42 states lose jobs in August!
- Kalifornia and Nevada hit record unemployment levels!
- Incomes of young people in nosedive!
- Big companies that are veering toward bankruptcy!
- Officials warn option mortgages about to explode!
- 86 percent of Amerikans believe Depression continues!
- Blockbuster more than doubles planned store closures!
- Projections suggest 200-300 more bank failures this year!
- AMBROSE EVANS-PRITCHARD: U.S. credit shrinks at Great Depression rate!
- U.S. foreclosure filings continue at record pace!
- Number of poor in U.S. climbs to 39.8 million!
- July trade deficit rises to $32 billion!
- Another wave of foreclosures looms!
- Gold jumps to 18-month high on weaker dollar!
- Post Office threat adds to U.S. property woes!
- Swiss topple U.S. as most competitive economy!
- China signals move away from U.S. dollar!
- UN conference calls for new global currency!
- U.S. banks lose collective 3.7 billion dollars in quarter!
- FDIC might sink into red by end of year!
- Ambrose Evans-Pritchard: Can the soufflé really rise again?
- Real U.S. unemployment rate at 16 percent!
- Senator warns of hyperinflation!
- State government to shut down for 12 days!
- Analyst predicts 150-200 more bank failures!
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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