‘Driving Tips’ Offered to Big Three Auto Executives

Despite two recent trips to Washington, D.C. — first by private jet, then by electric vehicle — Big Three executives seem incapable of turning around the no-longer-profitable domestic automobile industry in the face of stiff competition from foreign manufacturers. ...

Olympics on Track Despite Economic Downturn

    VANCO declared today that they are financially secure to carry on with the 2010 Olympics despite the global economic downturn. At the moment they are running a $65 million deficit which they...

Woman on mission for medical marijuana

"Woman on mission for medical marijuanaCalifornia couple runs only legal marijuana farm in U.S.Valerie Corral and her husband, Mike, founders of the only legally recognized, non-profit medical marijuana club in the United States, pose in their office in Santa Cruz, Calif., on...

Chicago Tribune Newspaper $13bn record bankruptcy

Is this a print error $13 bn dept for a newspaper ? How can a Newspaper disguise $13bn dept and who was so stupid to finance this? If this number is true, the Responsibles should go to prison immediately. Chapter...

GM cancels shift at Oshawa, about 700 workers to be laid off, CAW says

Another blow to Ontario's economy:" TORONTO - General Motors Canada will temporarily lay off the third shift at its Oshawa car plant starting the first week of February, the Canadian Auto Workers said Thursday...

Should the public own the auto industry?

Jim Stanford and Justin Fox discuss public ownership of the Big 3

Governor Corzine To Provide Help to Homeowners Facing Foreclosure

Governor Jon S. Corzine has proposed a financial aid program for New Jersey that includes an assistance package for those facing foreclosure."Corzine, Democratic presidential candidate Barack Obama’s economic...

What would you do if you lost everything tomorrow?

The NY Times, freakanomics blog writes:"These are the economic times that try men’s souls, and women’s too. In the past few months, a lot of people have seen their net worth fall substantially, and I’m sure...

US retail sales in record plunge

Retail sales are in decline in the US, the steepest drop in 16 years. In the face of rising unemployment, unstable corporate performance, and dismal market numbers, this isn't altogether surprising, but worrisome...

Reverend White Pledges to Fight Threats of Foreclosure

Without Walls International Church Pastor Randy White has disclosed the financial status of the church during a service in Tampa, Florida. He told his congregation that Without Walls leaders are negotiating with...

Circuit City files for bankruptcy

Youtube video : Circuit city closes 150 stores Electronics, always important in the US finds no buyers " Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection...

US jobless rate at 14-year high, Canada grows

Unemployment is skyrocketing in the US as businesses liquidate and people go bankrupt. Unemployment is predicted to reach 8% by next year."Figures from the US Labor Department showed US employers cut 240,000 jobs in October, the 10th month in a row that the economy has lost...

More Lenders Working with Troubled Borrowers to Avoid Foreclosure

In the past year and a half, about 3 million Americans were able to receive assistance in the form of affordable loans via different mortgage relief programs initiated by both the government and the private sector. But aside from these programs, the Mortgage Bankers...

Country singer Lorrie Morgan files for bankruptcy

Lorrie Morgan, an American country music singer has filed for bankruptcy estimating her liabilities to be between 1 million to 10 million. "he bankruptcy filing showed her with assets of $500,000 to $1 million.The...

Evander Holyfield: Latest Foreclosure Victim

Everyday thousands of homes enter some stage of foreclosure due to different reasons. This clearly shows that no one is immune to the foreclosure crisis that is currently affecting the entire nation. Take for...

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