Tax bills put pressure on struggling homeowners!
NEW YORK - August 17, 2009 - Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local governments, but to private companies that charge double-digit interest and thousands of dollars in service fees.
Resort offers $19 "survivor" package!
SAN DIEGO, Kalifornia - August 17, 2009 - For their one-and-only family getaway this year, the Billingtons checked in to an upscale San Diego resort on Sunday with many of the usual vacation accessories - bathing suits, board games and golf clubs.
But they also brought flashlights, sleeping bags and an inflatable mattress because the pool-side room they booked for just $19 comes with a tent where the beds normally would be. They even had to pack their own toilet paper.
But they also brought flashlights, sleeping bags and an inflatable mattress because the pool-side room they booked for just $19 comes with a tent where the beds normally would be. They even had to pack their own toilet paper.
Chinese stocks plunge almost 6 percent!
BEIJING, China - August 17 2009 - China’s benchmark stock index fell almost 6% on Monday, dropping through the 3,000-point level and extending two weeks of falling prices that have wiped out two months of gains.
Consumers don't share market optimism!
NEW YORK - August 17, 2009 - The market wants to grow again. We've seen that in recent trading patterns. We've also seen what happens when investor enthusiasm outpaces consumer confidence.
An avalanche of insider stock selling!
NEW YORK - August 13, 2009 - Over the last two weeks corporate insiders have dumped over $2.1 billion in stock as opposed to $73.1 million in buys. I'm not sure I've ever seen the ratio of insider sells vs. buys this skewed toward officers and directors looking for the exit door. Talk about the captain jumping into the lifeboat and speeding away before the ship sinks.
Think about that when you call up your financial advisor or broker and tell him you want to get out of the stock market.
Consumer bankruptcies may hit 1.4 million by end of year!
NEW YORK - August 10, 2009 - Consumer bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by December 31, as jobs are lost and loans are harder to get, according to the American Bankruptcy Institute.
Foreclosures rise substantially over previous month!
WASHINGTON - August 13, 2009 - The number of U.S. households on the verge of losing their homes rose 7% from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.
More Articles ...
- Retail sales dip more than expected while jobless claims rise!
- InterContinental says recovery is years away!
- Soaring deficit very bad news for the economy!
- Bad assets still threaten banks!
- Anti-Obama trinket sales hit new high!
- Federal deficit grew by $181 billion in July!
- Number of food stamp recipients tops 34 million for first time ever!
- Sluggish July sales show tight-fisted consumers!
- Jobless claims continue at record rate!
- Half of all mortgages will be "underwater" within two years!
- General Motors to lay off thousands more!
- GMAC posts wider quarterly loss as loan defaults rise!
- Alabama County makes massive job cuts!
- USPS may close up to 1,000 post offices!
- Extending unemployment benefits creates joblessness!
- Depression worst than prior estimates!
- Weak treasury auctions raise worries about U.S. debt burden!
- U.S. Postal Service struggling for survival!
- Jobless claims rise more than expected!
- Verizon to cut 8,000 employee jobs!
- Actual unemployment rate hits a 68-year high!
- British economic collapse rivals Great Depression!
- Commercial mortgage delinquency up 585 percent!
- CIT bankruptcy filing may follow August debt swap!
- New U.S. weekly jobless claims jump!
- Profits fall at eBay as Depression hits online businesses!
- Continental Airlines cuts 1,700 jobs!
- Economist predicts Depression will continue!
- White House delays report to avoid admission of bleak economic outlook!
- Commercial mortgage failure rate at 20-year high!
- Retailers predict years of economic gloom!
- Two more Kalifornia banks closed by FDIC!
- CIT group closer to bankruptcy as U.S. denies aid!
- Foreclosure rate continues to rise!
- Big broadcaster Sinclair in dire straits!
- 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!