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U.S. mortgage fraud sting nets indictments (Reuters)
Reuters - An FBI undercover sting netted indictments against 24 people in the Chicago area accused of helping phony buyers walk away from home
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... of it. Homeowners have lost their homes. Working stiffs and Wall Street sharpies have both lost their jobs. But the violence-prone yahoos still expect something for nothing. The bailout plans will work, ...
... jobless claims that are expected to show another 650K U.S. citizens were out of a job last week. This would be the eighth consecutive week of a 600K+ number for jobless claims. The jobs numbers will have ...
AP - One of the largest privately held U.S. homebuilders said Sunday it is looking at all options to meet its funding needs and has reportedly shed jobs companywide to cope with the economic slump.Read ...
4. Untitled
(News/Latest)
... to the floor just as it did in 29-30. Once all this bailout money finally hits the street, inflation will cause the dollar to fall and gold to fly. More will lose their jobs and houses and people will ...
... today's taxpayers or their children and grandchildren. There comes a time when government simply cannot provide enough government jobs to bolster the economy. There comes a time when the taxpayers' burden ...
6. The Credit Depression
(News/Latest)
... their spending and consumption habits, it sends ripples throughout the economy. For example, tomorrow’s jobs figure in the U.S. will likely be the worst in sixty years. Over 700,000 Americans will ...
by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? Overlooked details from Friday’s jobs news… troubling signs from retail and energy sectors Rob Parenteau ...
8. A Jobs Disaster
(News/Latest)
By Chuck Butler. "November's awful print of -533K was revised downward to -584K. And here's the really scary number... -67K retail jobs were cut in December... That's right, December! The month when retailers ...
9. Basic Economics
(News/Latest)
... Toyota effect, multiplied many times over. 2.5 Million jobs were lost in 2008. You get millions out of a job, millions behind in their mortgage and credit card payments, millions with homes worth less ...
... service economy where people are losing their jobs and businesses are going under, so that these sad-sack people can buy new cars at prices that, with only slight exaggeration, now average approximately ...
11. A Jobs Jamboree Friday
(News/Latest)
By Chuck Butler. "Earlier in the week the 'experts' were forecasting 500K in job losses... But as the week has gone on, that forecast has inched up to -515K and then -523K... It's like the BLS is setting ...
by Addison Wiggin & Ian Mathias Another half a million jobs lost… unemployment reaches new historic highs So how long until people take to the streets? Army already plans to “quell civil unrest” Consumers, ...
13. Buy Trinity Industries
(News/Latest)
... star. He promises jobs, massive infrastructure overhauls, public works for everyone! So then, in a period of distrust for stocks and of hope and faith in government, which companies might we expect to ...
... at our jobs, mostly through sheer stupidity, the repercussions are quite different. So why do Bernanke and the Fed get away with stonewalling, while I have to barricade my office door with office furniture ...
... Obama Economic Stimulus Plan, huh?" Hahaha! Well, Mr. Shedlock throws cold water on that, too, and says, "Obama needs to create 3 to 4 million new jobs just to counterbalance another 3 to 4 million layoffs" ...
... with a bit of barely-disguised sarcasm that I detected after actually looking for it, that "A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands ...
by The Mogambo Guru The Bureau of Labor Statistics of the U.S. Department of Labor reported that nonfarm payrolls fell by a whopping 533,000 jobs in November, and the official government-approved unemployment ...
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