Unemployment Claims Drop Last Week; According To New Statistics

" WASHINGTON (AP) -- In a hopeful sign, the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week, dropping below 500,000 for the first time since January."...

World markets fall 1.5% on Wednesday -weak U.S. consumer report

As evidence mounts, that the U.S. consumers will not return to their spendthrift ways, Asian markets overnight fell by 1.5%. The U.S. Dollar lost ground against the Japanese Yen and Oil dropped below...

Are the Grapes of Wrath Growing in California's Vineyards?

When I read reports of huge numbers of ordinary Americans pushed into homelessness, I ask myself if the grapes of wrath once again growing in California's Vineyards.  The classic John Steinbeck novel, The...

Wall Street Execs Set To Receive $Billions More In Bonuses

I really  think it's time for the America people to man their pitchforks and stick some pigs. The pigs to whom I refer are the Wall Street execs who are set to receive 20% more in bonuses this year over the...

"The House is on Fire" says Nation blog

From the liberal perspective of Nation blogger Katrina Vanden Heuvel  -  a well respected journalist and author,  by the way  -  the crisis of our Nation is nothing less than a dire...

Canadian dollar approaching parity with U.S. dollar

The Canadian Dollar is almost at par with the U.S. Dollar.  It was up by 1.22 cents as of 11 am trading at 96.27 cents. The Canadian Dollar has crept up over the summer from a low around 88 cents to it's...

What Is the U.S. Debt Clock?

The U.S. Debt Clock, or formally known as the "National Debt Clock," is a billboard sized located on Sixth Avenue in Manhattan, New York City. The Debt Clock measures the current U.S. public debt and how much...

Random Thoughts On The State Of the U.S. Economy

No beat-up intended on President Obama in the following, nor do I have an ideological axe to grind. Indeed, I've criticized President George W. Bush a hell-of-alot-more than I've criticized President Obama....

Americans may be sleep walking into an economic Depression

Food stamps are the symbol of poverty in the U.S. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive - a sure sign the world's richest country faces economic crisis. We knew things were bad on Wall Street, but on Main Street...

Clueless candidates - Freddie, Fannie, Lehman, Merryl Lynch, etc etc

Now with the meltdown of financial institutions like Lehman Brothers, neither candidate for Presidency of the US has a clue that we've been the world's leading economic power "without clothes," that the financial...

The Bull Pulls the Bear out & Leaves The Dow down

ITS OFFICIAL - the Dow Jones has a bear loss on Wall Street as of today the Bull market is over. The loss of shares in one of America's and the world most influence able stock Market has been on the slide since its highest mark on October 9th, 2007 (14,164.5). Today's Dow...

The Heart of the Housing Market Problems

At the heart of the housing crisis in the United States lie two problems: foreclosure homes and falling home values, and now many are blaming the housing crisis in the U.S. on the world’s current financial crisis. Currently families all over the United States are finding...

Feast Or Famine?

Jenny does most of our grocery shopping, so I must say that I am not confronted by the prices at the store all the frequently. But, with food prices on the rise and food riots breaking out, I decided to do a...

Tampa Businessman Releases Stimulus Plan For U.S. Economy

The U.S. economy, sputtering over the past several months, was hit with a double whammy Friday when the Labor Department announced 63,000 non-farm jobs were eliminated in February, which hit an already dreadful...

Greenspan renews warning on deficits (Reuters)

Reuters - Good short-term prospects for the U.S. economy should not distract from huge looming fiscal strains that pose "significant" economic risks, Federal Reserve Chairman Alan Greenspan said on Friday in a renewed warning on budget deficits.

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