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Category archives for: Economy

Despite Financial Crisis, Global Arms Race Spirals

Despite Financial Crisis, Global Arms Race Spirals

The United States and Russia remained by far the largest exporters

Social Security to start cashing Uncle Sam’s IOUs

Social Security to start cashing Uncle Sam’s IOUs

Now the government will have to borrow even more money

States Freezing Tax Refunds

States Freezing Tax Refunds

“It’s an indicator of how bad it is.”

43% have less than $10k for retirement

43% have less than $10k for retirement

Grew for the third straight year

Fake store fronts set up to ‘lessen the impact’ of economic reality on public

Fake store fronts set up to ‘lessen the impact’ of economic reality on public

With 140 empty shops in the borough

Construction Developer Says Banks Suddenly Playing Hardball

Construction Developer Says Banks Suddenly Playing Hardball

What’s Going On?

Kansas City may close half its schools

Kansas City may close half its schools

It is on the brink of bankruptcy

TIME: Obama Administration setting stage for sharply higher taxes

TIME: Obama Administration setting stage for sharply higher taxes

Of course, it’s not an absolute certainty

New ghost towns: Industrial communities teeter on the edge

New ghost towns: Industrial communities teeter on the edge

“The way things are going,” he says, “there’s not going to be anything here.”

Greek debt crisis could happen in US

Greek debt crisis could happen in US

“If we don’t change course, it will happen here.”

Jobless benefits expired for 1.2 Million

Jobless benefits expired for 1.2 Million

Without federal extension, 27,000 in Wisconsin would lose checks

Bernanke to Congress: You Are Going to Have to Cross That Fiscal Valley Yourself

Bernanke to Congress: You Are Going to Have to Cross That Fiscal Valley Yourself

“It’s not something that is 10 years away. It affects the markets currently.”

FDIC shuts down two more banks

FDIC shuts down two more banks

The pace of bank seizures this year is likely to accelerate in coming months, FDIC officials said this week

US senator warns of ‘financial meltdown’ risk

US senator warns of ‘financial meltdown’ risk

“So the warning signs are pretty clear and the path is unsustainable and, at this point, unless we take different actions, unavoidable.”

Debt Dynamite Dominoes: The Coming Financial Catastrophe

Debt Dynamite Dominoes: The Coming Financial Catastrophe

Assessing the Illusion of Recovery

Jobless claims up 12% in past 2 weeks

Jobless claims up 12% in past 2 weeks

The government said 4,617,000 people filed continuing claims in the week ended Feb. 13,

New home sales reach record low

New home sales reach record low

A decline 6.1% from January 2009

450 banks added to FDIC ‘troubled’ list

450 banks added to FDIC ‘troubled’ list

List of Troubled Banks at 16-Year Peak, F.D.I.C. Says

Bad economies in states to worsen: governors

Bad economies in states to worsen: governors

“What we’re finding out from a fiscal standpoint is that the worst is yet to come.”

Economy Stagnant When Action Is What Is Needed

Economy Stagnant When Action Is What Is Needed

Probable head count in Census around 320 Million, What is Bernanke hiding at the Fed? No end to zero interest rates after 14 months, China to change some things, Greek basket case, California even worse than Greece, home owners stuck with houses worth less than what they paid

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