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SEC Charges Goldman Sachs With Fraud: Market Drops 125 Points
The Securities and Exchange Commission (SEC) charged investment giant Goldman Sachs with fraud on Friday. The SEC alleges that Goldman failed to disclose information to investors regarding subprime mortgage-backed...
created by Rory Cripps | 3 years ago | updated 3 years ago
591 views | 24 recommendations | 4 comments
591 views | 24 recommendations | 4 comments
National Bureau of Economic Research: 28-Mos US Recession Ongoing
Economists at the National Bureau of Economic Research (NBER) announced on Monday that they couldn't confirm the recession, begun in December 2007 and longer than the Great Depression , is over despite positive...
created by Rory Cripps | 3 years ago | updated 3 years ago
515 views | 27 recommendations | 7 comments
515 views | 27 recommendations | 7 comments
US Unemployment Stays at 9.7%: 14.9 Million Americans Out of Work
The U.S. Bureau of Labor Statistics (BLS) released February's unemployment figures on Friday indicating no change from last month's 9.7 % unemployment rate. According to the BLS, there were 14.9 million...
created by Rory Cripps | 3 years ago | updated 3 years ago
1133 views | 34 recommendations | 28 comments
1133 views | 34 recommendations | 28 comments
Danger Signs That The U.S. Economy Is Headed For Disaster
"Most Americans believe that the U.S. economy will fully recover from this recent recession and will soon become stronger than ever. But that is definitely not what is happening. The truth is that the very foundations of the U.S. economy are coming apart and we... Unemployment statistics predict American's future lifestyle
Traditional U.S. economic indicators (as regressors/explained variables) which were used to predict an upward trend in U.S.employment and that were statistically significant and provided a nice R... U.S. unemployment rate down to 10 percent
The unemployment rate dipped 0.2 percent in November.It is now down to 10 percent from October's 10.2 percent.69,000 goods producing workers lost their jobs in November.41,000 manufacturing workers lost their jobs...
created by Rory Cripps | 3 years ago | updated 3 years ago
453 views | 52 recommendations | 11 comments
453 views | 52 recommendations | 11 comments
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...
created by Karl Gotthardt - albertacowpoke | 3 years ago
394 views | 46 recommendations | 12 comments
394 views | 46 recommendations | 12 comments
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... 378 views | 30 recommendations | 7 comments
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... 292 views | 94 recommendations | 9 comments
"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 emergency, requiring extreme action. To the right wing... 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...
created by Karl Gotthardt - albertacowpoke | 3 years ago
1255 views | 62 recommendations | 26 comments
1255 views | 62 recommendations | 26 comments
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...
created by candice.tsuei | 3 years ago | updated 3 years ago
1447 views | 4 recommendations | 4 comments
1447 views | 4 recommendations | 4 comments
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. I'm just calling it as I see it from the perspective of a... 247 views | 19 recommendations | 2 comments
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... Top Members Today
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