The US economy lost 125,000 jobs in June, more than expected, as as thousands of temporary census jobs ended and private hiring grew less than expected.
But the unemployment rate unexpectedly fell to 9.5% from 9.7%.
Source:
http://www.cnbc.com/id/38054214/June_Job_Losses_at_125_000_But_Jobless_Rate_Falls_to_9_5
Desperate attempt to repay debts also driven by inability to find funds to develop infrastructure on islands
Source:
http://www.guardian.co.uk/world/2010/jun/24/greece-islands-sale-save-economy
Difficult choices are what serious politics is all about-the Obama administration and Congress face the toughest collection of such choices Washington has seen in years.
Stimulate the economy or cut spending? Halt deepwater drilling or permit drilling?
**Oh poor lamb! Didn't know that being President was so tough! Maybe because he never had a job!
Source:
http://blog.nj.com/njv_john_farmer/2010/06/at_every_turn_another_tough_de.html#mode_smoref_digg
There are basically 2 dimensions to the financial crisis.
One is the way finance has evolved into a gambling operation that's fundamentally risky and fails to contribute to the real economy. The other is plain, o-f greed...
The State of Israel was born out of the ruins and the ashes, and today it impresses the entire world with the force of its creativity and innovation, with its advanced research and knowledge, with the momentum of its economy and with its free and democratic society.
Source:
http://www.haolam.de/index.php?site=artikeldetail&id=1560
More importantly, though, the announcement of Woods return provided an immediate boost to ticket prices and sales.
We give you those numbers, and more, in our latest infographic.
Source:
http://www.mint.com/blog/trends/the-tiger-woods-economy/?display=wide
The former president is getting more flak than Obama or Dems who control Congress.
The Teapublicans are manning the ramparts to fight for the tax breaks of their bosses.
They've been so brainwashed into thinking that all taxes are bad that they don't even realize they aren't fighting for their own self-interest, their fighting for their boss's self-interest.
Good peasant, here's a cookie.
With housing values depressed and jobs disappearing, divorce has become a luxury beyond the reach of some couples.
There is often not enough money to pay for separate households or to hire lawyers, fight over children and go to court.
26-year-old Andrew Benton does not expect to hold a traditional 9-to-5 job unless he starts his own business again, and he is not overly concerned on the recession's longterm effect on his career. Whatever you make of this attitude, Benton is arguably the prototype of the new and perhaps ideal worker in the post-recession economy.
Both the number of workers filing new applications for unemployment insurance and producer prices unexpectedly surged, dealing a setback to hopes the economy was showing a strong recovery.
A top Saudi oil ministry adviser declared his concern that a peak in oil demand had already occurred, or would take place in the next decade, and said that his country, which relies heavily on income from its crude oil exports, is alarmed enough about it to diversify its economy by striving to become a leading alternative energy exporter.
More than a year after the economy tanked, not only do millions of Americans still find themselves out of work, but so do many undocumented immigrants.
With the economy poised for a rebound, will the U.S. see another increase of undocumented immigrants?
It is imperative for the country, the economy, the party, and the Obama presidency that Democrats resist the temptation to let this rare opportunity slip by.
The most effective path forward is also the most obvious . . .
Source:
http://www.washingtonmonthly.com/features/2010/1001w.benen.html
A growing number of analysts now predict that the economy is so weak that the Fed will have to reduce its official target to zero if it wants to jumpstart the stalled economy.
Forget the campaign-tailored wardrobe, the bumbling rhetoric, even the race baiting.
Here's Esquire's bottom line on why McCains Bizarro, plumber-laden realities dont hold water with Americas real issues today: the economy and the war.
Get the low-down here:
http://www.esquire.com/the-side/richardson-report/why-not-to-vote-for-john-mccain-102808?click=pp
Grim Outlook On the Economy Right Before the Elections
As retail sales decline, manufacturing slows and unemployment benefit claims rise, the economic situation looks more grim by the day.
Rises in the stock market that show a glimmer of hope are invariably followed by dips. The housing markets declines steadily and the recession shows signs of lingering well into next year. George Bush has called for a mid November summit to discuss the inter
The full story is here:
http://inspiredeconomist.com/2008/10/22/election-coundown-socialism-vs-capitalism/
Peter Schiff on Fox back in June 2006 being attacked by the idiot host, Stuart Varney, and a guest, Gary Smith, for predicting a downturn in the economy.
Now those idiots can eat their words. Digg to embarrass them more.
Check it out here:
http://www.youtube.com/watch?v=1goo36_z3jE
Despair over the economy sent Wall Street plunging again Wednesday, propelling the Dow Jones industrials down 733 points to their second-largest point loss ever.
Stocks fell on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that said tight...
Check it out here:
http://www.nypost.com/seven/10152008/business/dow_dives_133746.htm
Julian Robertson: 80% of Americans Are Broke, Crappy Economy For 10 Years
