OTTAWA - The recession hit home last month, as a massive 129,000 workers joined the unemployed, more than half of those in Ontario. The province's unemplyment rate rose to 8%, up from 7.2% in December....
By, Uwe Paschen. The Global recession could have been avoided even with the latest financial scandals and the US mortgage crisis would we have had a common global currency. Some of the hard ship that companies do...
opinion by Paschen | 42 wks ago | updated 25 wks ago 2417 views | 58 recommendations | 48 comments
After battling with the problems with Zune digital music player, Microsoft is preparing, for the first time in the 32 years of company's history, for a large scale job cut and as many...
created by Sanjay Jha | 44 wks ago | updated 44 wks ago 261 views | 2 recommendations | 0 comments
The job drought story has lost its impact, this is normal human tendency to ignore the generality, it is very repititive in nature.We always want to shut our cognitive gate when any thing that hurts comes in...
"Although Congress took some action to address our nation’s economic crisis, too many Americans are still hurting. AARP is calling on Congress to support a plan to bring real relief to struggling Americans. We...
created by gdg | 48 wks ago | updated 48 wks ago 129 views | 0 recommendations | 0 comments
Some of the customers injured in Friday's horrific stampede at a Walmart on Black Friday, the day after Thanksgiving in the US when stores open early and offer big deals for people who come at dawn, are planning...
created by Dave Keating | 48 wks ago | updated 48 wks ago 405 views | 11 recommendations | 1 comment
The current financial meltdown is going to affect employment market deeply and the crisis could lead to 225,000 job cuts. The slowdown has led to massive writedowns and credit losses, consolidation, and...
created by Sanjay Jha | 49 wks ago | updated 49 wks ago 104 views | 7 recommendations | 3 comments
"Citigroup executives presented a plan to federal officials on Friday evening after a weeklong plunge in the company’s share price threatened to engulf other big banks. In tense, round-the-clock negotiations that stretched until almost midnight on Sunday, it became clear...
"Henry Paulson's $700 billion plan to save the world is dead or dying, but the bailout was not killed by his arrogance or his grossly misleading claims about what the public's money would buy. The plan collapsed because it didn't work. The Treasury secretary has launched a PR...
created by MortgageAuditor | 49 wks ago | updated 49 wks ago 136 views | 0 recommendations | 0 comments
"NEW YORK (AP) - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.U.S. Attorney Joseph Russoniello told The...
created by MortgageAuditor | 50 wks ago | updated 50 wks ago 132 views | 0 recommendations | 0 comments
Scary news for Canada as when before Canadians knew the economy was slowing down, analysts now predict the recession is to hit hard in several sectors of the economy. According to the report:" Canadians are...
created by mazevedo | 51 wks ago | updated 51 wks ago 3100 views | 56 recommendations | 13 comments
"NEW YORK: Pakistan suffered huge losses, amounting to US $34.5 billion, since 2001 for its role in the war against terror and wants regional ownership of the crisis in a bid to bring peace and stability to the troubled region, Foreign Minister Shah Mahmood Qureshi said...
created by pakalert | 51 wks ago 147 views | 0 recommendations | 0 comments
"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...
created by danheil | 1 year ago 65 views | 0 recommendations | 0 comments
Despite the talk of insulated, Chinese economy is also deeply affected with current global economic crisis. World's fastest growing economy is sputtering into an economic slowdown. World is hinging high hope on China to bail out from the current crisis. China's export sector...
A broker named Prag killed himself and pregnent wife due to financial crisis.This incident of financial fiasco led killing took place in financial capital of India Mumbai. " Parag Tanna and wife Neha were found dead at home by Parag's mother when she entered their house...
created by anamika.mis15 | 1 year ago | updated 1 year ago 407 views | 14 recommendations | 8 comments