Food Stamps For The Wealthy – Millionaires Meet Eligibility Requirements
Newt Gingrich started a food fight at the last Republican debate by calling Barrack Obama “The Food Stamp President” and suggesting that food stamps were creating dependence on the government. Mr. Gingrich went on to say that [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 6,700 AOL 700 FORD CREDIT [...]
