Sluggish July sales show tight-fisted consumers!
NEW YORK - August 6, 2009 - Shoppers worried about job security and finding fewer options among the sales bins remained tight-fisted in July, resulting in sluggish sales for many merchants and raising concern about the back-to-school shopping season's health.
Jobless claims continue at record rate!
WASHINGTON (PNN) - August 6, 2009 - Continuing claims for jobless benefits rose by 69,000 to a record 6.31 million, the worst unemployment our country has seen since the Great Depression.
Half of all mortgages will be "underwater" within two years!
NEW YORK - August 5, 2009 - The percentage of U.S. homeowners who owe more than their houses are worth will nearly double to 48% in 2011 from 26% at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
General Motors to lay off thousands more!
NEW YORK - August 4, 2009 - General Motorsexpects to lay off thousands of factory workers after the number who voluntarily quit through a recent buyout and early retirement program fell short of the carmaker’s target, The New York Times’ Nick Bunkley reported.
GMAC posts wider quarterly loss as loan defaults rise!
NEW YORK - August 4, 2009 - GMAC Inc., the lender that received $13.5 billion in government bailout funds, reported a $3.9 billion second-quarter loss tied to rising loan defaults and said part of its insurance operations may be sold.
Alabama County makes massive job cuts!
BIRMINGHAM, Alabama - August 3, 2009 - Alabama's debt-ridden Jefferson County laid off about two-thirds of its 3,600 employees on Monday because of plummeting revenues, a move that will sharply curtail services in areas ranging from roads to courthouses.
USPS may close up to 1,000 post offices!
WASHINGTON - August 3, 2009 - The postal service is considering closing as many as 1,000 local offices, as it battles staggering financial problems.
More Articles ...
- 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!
- 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!
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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Derry Brownfield
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Margaret Thatcher
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Jack McLamb
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Irwin Schiff
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Muhammad Ali
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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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