White House made lots of claims about stimulus, including up to 3.6 million private-sector jobs. So far, they are 5.3 million jobs short. By Julia A. Seymour Business & Media Institute 8/4/2010 3:48:56 PM On Aug. 6, everyone’s attention will be fixed on the release of July’s unemployment numbers. The national unemployment rate is forecast […]
SACRAMENTO, Calif. (AP) –Citing lack of state budget, Schwarzenegger orders Calif state workers to be paid minimum wage. Gov. Arnold Schwarzenegger on Thursday ordered about 200,000 state workers to be paid the federal minimum wage this month because the state Legislature has not passed a budget. Department of Personnel Administration Director Debbie Endsley sent the […]
WASHINGTON (Reuters) – Contracts for pending sales of previously owned homes plunged a record 30 percent in May, far more than expected, after a popular tax credit expired at the end of the prior month, a survey from the National Association of Realtors showed on Thursday. The Realtors said its Pending Home Sales Index, based […]
Elliot Wave Predicts Triple-Digit Dow in 2016 by Peter Brimelow Commentary: If you think things are bad now… An investment letter that called the Crash of 2008 said that this would be a bad year — and it now says it will get worse. A whole generation of investors think that Robert Prechter and his […]
WASHINGTON – The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed. Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month […]
Bond markets could get very nasty over the coming months, while stock investors could take a few months off and stop attempting to trade volatile swings in the markets, Anthony Fry, senior managing director at Evercore Partners, told CNBC Monday. “The current problems will be with us for 5 years or more and uncertainty is […]
With the mainstream media focusing on the country’s leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has successfully navigated the economy through recession and growth has returned. But I will argue that a look under the proverbial hood reveals a very different picture. I believe the […]
#1) In what universe is an economy with 39.68 million Americans on food stamps considered to be a healthy, recovering economy? In fact, the U.S. Department of Agriculture forecasts that enrollment in the food stamp program will exceed 43 million Americans in 2011. Is a rapidly increasing number of Americans on food stamps a good […]
If monthly Foreclosures double (hypothetically) to 180k from April’s record 92.5k and stay at that level — based upon the 1) monthly average Notice-of-Default (NOD) 2) HAMP and private mortgage mod volume 3) and conservative cures and redefault rates — it will take 42 months to clear the portion of the 8mm loans presently in the distressed pipeline […]
NEW YORK (Reuters) – In a bid to reduce outsourcing of U.S. jobs, a Democratic senator said on Sunday he will push legislation to make companies inform customers when their calls were being transferred outside the United States and charge companies for those transferred calls. “This bill will not only serve to maintain call center […]
