Can The Unemployed Afford A Mortgage Payment?
Government Determined To Keep Unwilling Homeowners In Homes
The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution. This new FDIC program goes far beyond [...]
Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation?
Excluding the depression of the 1930’s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs 9.4% [...]
Cash Starved Consumers Stop Betting
People are no longer willing to wager their last dollar on the hope of striking it rich. The AP is reporting that Connecticut casinos reported almost a 10% decline in revenue for January 2009.
UNCASVILLE - Slot winnings [...]
Notable Links
Living Beyond Yours Means - California’s Economy Gets Worse
California’s Pain Is Only Beginning
BIG SUR, Calif. — As Sacramento squabbles over the state’s $42 billion deficit, Californians are getting a bitter taste of what’s to come after the [...]
Job Cuts And Pay Freezes - The Downward Spiral Continues
Companies by the thousands are announcing large layoffs to their labor forces and, in addition, cutting or freezing the pay of those who remain employed.
AT&T Freezes Salaries of 120,000 Management Workers
NEW YORK (Reuters) — AT&T Inc Chief [...]
The Unemployment Rate - Is It 7.5% Or 18%?
Job losses continue to accelerate as thousands of workers lost their jobs today.
The latest numbers include:
CORNING INC 3,500
BOEING 5,500
STARBUCKS [...]
