1-1-09 Microsoft planning big layoffs for January?
12-18 Internet valuations below Dot-com bust levels
Of course it was Clinton's fault then so it must be now too.
12-18 Credit Card companies get new Federal regulations but they won't go into effect until mid 2010.
12-11 Bank of America slashes 35,000 jobs
12-7 Obama warns economy will get much worse in months ahead
12-5-08 Employers slah 533,000 jobs in November, biggest loss in 34 years
12-4 20,000 jobs cut today, biggest slashes were AT&T 12,000 jobs and Dupont 6,500
12-3-2008 ADP reports 250,000 jobs lost in November 2008, 179,000 cut in October.
Bush administration mum. Republicans blame Obama.
11-22 2 more thrifts fail. Community bank in Georgia fails
I used to have an account there.
11-17-2008 Economy declared in a Recession since late 2007/early 2008 by all except NEBR. Edit: Now NEBR admits the Economy tanked under Bush yet Republicans still insist it is Obama's fault even well before he takes office.
11-17-2008 Citibank slashes a whopping 53,000 jobs.
11-15-08 Man who lost job at Santa Clara startup killed 3, including CEO and another top executive
Is still on the run
Wu, in some news reports, was said to have a wife and two children. He is described as 5-foot-11 and weighing 170 pounds, with black eyes and black hair. The Mercury Mariner he is believed to be driving has a license plate of 6CJU602.
People who encounter Wu are urged to keep their distance and call Santa Clara police immediately at (408) 615-4700. If Wu is in another city, witnesses should call 911 to reach that city's police department.
11-14-08 Citigroup cuts at least 10,000 jobs, raises interest rate on Credit Card customers
11-10 DHL cuts 9,500 jobs, Circuit City XXX thousands, Post Office 40,000 jobs
added .5% which is stingy, probably a lot higher
11-7 1.2 Million jobs gone this year, rate now 6.5%
10-17 Added Mervyn's to list of closed stores, was 59 yr old retailer
New Poll - Is this the last year for Macy's Thanksgiving Parade?
10-15 Store closings and layoffs updated
Yet still no official annoucment of a recession
10-9 Bush Administration mulling taking over U.S. Banks
10-7 Iceland about to be first country to go bankrupt in the Global Depression of 2008
Funny when U.S. still doesn't admit it's in Recession and caused it all
10-3 Boston Properties CEO warns U.S. to be prepared for long deep recession unlike anything seen since WWII.
10-3 France officially in Recession
9-19 SEC puts temporary ban on Short Selling
9-18 Stocks surge 400 points after re-establishment of RTC
9-18 After blaming Democrats now Bush says he is "working hard" on the economy crisis
How many times has he used this "working hard" line?
Is he working some nights and saturdays too as he said once before in the past?
9-16 Bush and Republicans blame Democrat controlled Congress for the crisis
No surprise here
9-15 HP to cut 24,600 jobs as part of EDS integration
9-14 BoA buys Merril, Lehman hung out to dry
How can they stop 1929 Part II?
9-6 DOW Falls 350 another bank fails - run by Andrew McCain until recently
8-25 DOW fails 225, another bank fails
8-19 Wholesale prices rising at fastest pace since 1981
8-14 Home foreclosures up 55% in July
8-13 Arkansas Democrat Chairman gunned down by man that lost job at Target
8-7 Jobless claims rise to highest since March 2002
8-6-2008 Freddie Mac reports loss of $821 million
Freddie Mac on Wednesday posted its fourth consecutive quarterly loss, set plans to slash its common stock dividend and warned of more difficulty ahead amid the steepest U.S. housing market slump since the Great Depression.
8-4-2008 Satellite TV Sees First Quarterly Subscriber Loss Ever
8-3-2008 Rich begin feeling the pain in down economy
7-19-2008 NPR interviews Ohio family on Gov't tit. It clearly shows the problem on bith sides of the Govt/Citizen equation
7-16-2008 SEC trying save 19 big Financial Institutions
7-12-2008 Government takes over IndyMac bank.
2nd largest bank failure in U.S. history $32 billion
New Poll question
Is this the only bank to fail or is it only the beginning?
6-13-2008 Inflation rate jumps by biggest amount in 6 months
The inflation rate shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy.
The Labor Department reported Friday that consumer prices rose by 0.6 percent last month, the biggest one-month increase since last November, as gasoline costs surged by 5.7 percent. Food prices, which have also been rising sharply, were up 0.3 percent as the cost of beef and bakery products showed big gains.
Analysts said the pressure in both the energy and food areas is likely to continue as global food shortages and rising demand push food prices up and energy costs continue to soar, reflecting a relentless surge in crude oil prices.
The combination of rising inflation and weak wage gains contributed to another drop in weekly earnings.
====================================================
6-6-2008 Unemployment rate jumps to 5.5 percent in May, biggest rise since 1986
"Certainly this isn't a report that we wanted to see today," White House deputy press secretary Scott Stanzel said. He acknowledged that the increase was higher than experts expected. "It is a number that is too high in our view but it is lower than the average of the last three decades."
Bush Administration still spinning
=====================================================
This can't be.
How can 61% of the U.S. agree with me when no one in P&N ever agrees with me?
All the way back in 2002 I spoke about the mass numbers of empty houses being built by developers and banks.
Now the empty house numbers grow and of course it's all the peoples fault.
:roll:
2-10-2008 Many believe US is already in recession
Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg are taking a hit. Could the country be in recession?
Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg are taking a hit. Could the country be in recession?
"For-sale signs are everywhere. In my area, 35 to 40 homes are standing there and aren't even complete. There aren't any buyers," said Jim Sims, 60, of Greer, S.C.
Nanette Dahlin, 52, of St. Louis Park, Minn., called the situation "very scary." She said friends in Madison, Minn., put their home up for sale recently and reduced the asking price more than $100,000 in just a week. "They are in bad shape," Dahlin said.
By one rough rule of thumb, a recession occurs when there are two consecutive quarters ? six straight months ? when the economy shrinks. That did not happen in the last recession, though. The economy contracted in the first quarter of 2001, turned positive in the second quarter, shrank in the third quarter and turned up again in the final quarter of that year.
The National Bureau of Economic Research, the recognized arbiters for dating recessions, uses a more complicated formula. It takes into account such things as employment and income growth. By that measure, the last recession was in 2001, starting in March and ending in November.
Bush, citing some experts, said the U.S. was not in a recession, although he acknowledged "that the signs are troubling enough" to justify the $168 billion economic rescue plan that passed Congress this past week. The measure he intends to sign on Wednesday includes tax rebates for people and tax breaks for businesses.
To bolster the economy, the Federal Reserve embarked on a rate-cutting campaign in September, with two big reductions last month. In just eight days in January, the Fed slashed rates by 1.25 percentage points. The hope it that the lower rates will induce people to buy more and revive the economy.
So if the poll figure of 61 percent is right ? that the country is now in recession ? then those relief efforts will help ease the effect of a downturn.
"People are both depressed and anxious about the state of affairs. The anxiety is going to persist because we are in an uncertain season economically and politically," said Terry Connelly, dean of Golden Gate University's Ageno School of Business.
==============================================
Denial - the ultimate tool used by Politicians and P&N Republican supporters.
12-18 Internet valuations below Dot-com bust levels
Of course it was Clinton's fault then so it must be now too.
12-18 Credit Card companies get new Federal regulations but they won't go into effect until mid 2010.
12-11 Bank of America slashes 35,000 jobs
12-7 Obama warns economy will get much worse in months ahead
12-5-08 Employers slah 533,000 jobs in November, biggest loss in 34 years
12-4 20,000 jobs cut today, biggest slashes were AT&T 12,000 jobs and Dupont 6,500
12-3-2008 ADP reports 250,000 jobs lost in November 2008, 179,000 cut in October.
Bush administration mum. Republicans blame Obama.
11-22 2 more thrifts fail. Community bank in Georgia fails
I used to have an account there.
11-17-2008 Economy declared in a Recession since late 2007/early 2008 by all except NEBR. Edit: Now NEBR admits the Economy tanked under Bush yet Republicans still insist it is Obama's fault even well before he takes office.
11-17-2008 Citibank slashes a whopping 53,000 jobs.
11-15-08 Man who lost job at Santa Clara startup killed 3, including CEO and another top executive
Is still on the run
Wu, in some news reports, was said to have a wife and two children. He is described as 5-foot-11 and weighing 170 pounds, with black eyes and black hair. The Mercury Mariner he is believed to be driving has a license plate of 6CJU602.
People who encounter Wu are urged to keep their distance and call Santa Clara police immediately at (408) 615-4700. If Wu is in another city, witnesses should call 911 to reach that city's police department.
11-14-08 Citigroup cuts at least 10,000 jobs, raises interest rate on Credit Card customers
11-10 DHL cuts 9,500 jobs, Circuit City XXX thousands, Post Office 40,000 jobs
added .5% which is stingy, probably a lot higher
11-7 1.2 Million jobs gone this year, rate now 6.5%
10-17 Added Mervyn's to list of closed stores, was 59 yr old retailer
New Poll - Is this the last year for Macy's Thanksgiving Parade?
10-15 Store closings and layoffs updated
Yet still no official annoucment of a recession
10-9 Bush Administration mulling taking over U.S. Banks
10-7 Iceland about to be first country to go bankrupt in the Global Depression of 2008
Funny when U.S. still doesn't admit it's in Recession and caused it all
10-3 Boston Properties CEO warns U.S. to be prepared for long deep recession unlike anything seen since WWII.
10-3 France officially in Recession
9-19 SEC puts temporary ban on Short Selling
9-18 Stocks surge 400 points after re-establishment of RTC
9-18 After blaming Democrats now Bush says he is "working hard" on the economy crisis
How many times has he used this "working hard" line?
Is he working some nights and saturdays too as he said once before in the past?
9-16 Bush and Republicans blame Democrat controlled Congress for the crisis
No surprise here
9-15 HP to cut 24,600 jobs as part of EDS integration
9-14 BoA buys Merril, Lehman hung out to dry
How can they stop 1929 Part II?
9-6 DOW Falls 350 another bank fails - run by Andrew McCain until recently
8-25 DOW fails 225, another bank fails
8-19 Wholesale prices rising at fastest pace since 1981
8-14 Home foreclosures up 55% in July
8-13 Arkansas Democrat Chairman gunned down by man that lost job at Target
8-7 Jobless claims rise to highest since March 2002
8-6-2008 Freddie Mac reports loss of $821 million
Freddie Mac on Wednesday posted its fourth consecutive quarterly loss, set plans to slash its common stock dividend and warned of more difficulty ahead amid the steepest U.S. housing market slump since the Great Depression.
8-4-2008 Satellite TV Sees First Quarterly Subscriber Loss Ever
8-3-2008 Rich begin feeling the pain in down economy
7-19-2008 NPR interviews Ohio family on Gov't tit. It clearly shows the problem on bith sides of the Govt/Citizen equation
7-16-2008 SEC trying save 19 big Financial Institutions
7-12-2008 Government takes over IndyMac bank.
2nd largest bank failure in U.S. history $32 billion
New Poll question
Is this the only bank to fail or is it only the beginning?
6-13-2008 Inflation rate jumps by biggest amount in 6 months
The inflation rate shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy.
The Labor Department reported Friday that consumer prices rose by 0.6 percent last month, the biggest one-month increase since last November, as gasoline costs surged by 5.7 percent. Food prices, which have also been rising sharply, were up 0.3 percent as the cost of beef and bakery products showed big gains.
Analysts said the pressure in both the energy and food areas is likely to continue as global food shortages and rising demand push food prices up and energy costs continue to soar, reflecting a relentless surge in crude oil prices.
The combination of rising inflation and weak wage gains contributed to another drop in weekly earnings.
====================================================
6-6-2008 Unemployment rate jumps to 5.5 percent in May, biggest rise since 1986
"Certainly this isn't a report that we wanted to see today," White House deputy press secretary Scott Stanzel said. He acknowledged that the increase was higher than experts expected. "It is a number that is too high in our view but it is lower than the average of the last three decades."
Bush Administration still spinning
=====================================================
This can't be.
How can 61% of the U.S. agree with me when no one in P&N ever agrees with me?
All the way back in 2002 I spoke about the mass numbers of empty houses being built by developers and banks.
Now the empty house numbers grow and of course it's all the peoples fault.
:roll:
2-10-2008 Many believe US is already in recession
Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg are taking a hit. Could the country be in recession?
Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg are taking a hit. Could the country be in recession?
"For-sale signs are everywhere. In my area, 35 to 40 homes are standing there and aren't even complete. There aren't any buyers," said Jim Sims, 60, of Greer, S.C.
Nanette Dahlin, 52, of St. Louis Park, Minn., called the situation "very scary." She said friends in Madison, Minn., put their home up for sale recently and reduced the asking price more than $100,000 in just a week. "They are in bad shape," Dahlin said.
By one rough rule of thumb, a recession occurs when there are two consecutive quarters ? six straight months ? when the economy shrinks. That did not happen in the last recession, though. The economy contracted in the first quarter of 2001, turned positive in the second quarter, shrank in the third quarter and turned up again in the final quarter of that year.
The National Bureau of Economic Research, the recognized arbiters for dating recessions, uses a more complicated formula. It takes into account such things as employment and income growth. By that measure, the last recession was in 2001, starting in March and ending in November.
Bush, citing some experts, said the U.S. was not in a recession, although he acknowledged "that the signs are troubling enough" to justify the $168 billion economic rescue plan that passed Congress this past week. The measure he intends to sign on Wednesday includes tax rebates for people and tax breaks for businesses.
To bolster the economy, the Federal Reserve embarked on a rate-cutting campaign in September, with two big reductions last month. In just eight days in January, the Fed slashed rates by 1.25 percentage points. The hope it that the lower rates will induce people to buy more and revive the economy.
So if the poll figure of 61 percent is right ? that the country is now in recession ? then those relief efforts will help ease the effect of a downturn.
"People are both depressed and anxious about the state of affairs. The anxiety is going to persist because we are in an uncertain season economically and politically," said Terry Connelly, dean of Golden Gate University's Ageno School of Business.
==============================================
Denial - the ultimate tool used by Politicians and P&N Republican supporters.