13 July 2010

Business/Economic/Housing/Layoff News for July 14, 2010

How the “too-big-to-fail” banks got that way, and why the current banking reform won’t solve the problem

Hotels, promoter, real estate agents say LeBron James giving South Florida boost

Mish:FICO Credit Scores Collapse - 25% of Americans Sink Below 600 vs. 15% Historically

Sell Bonds, Buy Precious Metals, Rice as ‘Refuge,’ Rogers Says

Peter Schiff unravels on Alex Jones show, advocating preemptive strike on 'nuclear' Iran

Gold climbs most in three weeks on rekindled Europe debt concern

Crude Oil Falls From Two-Week High After U.S. Stockpiles Gain

BP Gives Up Control of Cushing Oil Storage With Sale to Magellan, LP (NYSE: MMP)

Rail traffic softens further in June
Jewellery store closures mount

Boston Fed’s Rosengren: Growth Slowing, Deflation Is Emerging Risk

Mish: Did Retail Sales Rise, Or Did Tax Rates Go Up

Tech stocks help European shares to seventh day of gains


Despite Stocks' Gains, Skeptics Wait and See

Caterpillar Paces Dow; Apple's Pain Grows


The twin Financial Frankensteins of Fannie Mae and Freddie Mac continue to wreak havoc on US Taxpayers

Obama administration backs private twist to public housing

NYC's Comptroller threatens to remove pension funds from Big Banks which are dragging their feet on loan modifications for homeowners

San Diego: Home Sales Up Due To Expiring Tax Credits, Soon To Change To Strong Head Wind

Get Ready for a Cataclysmic Market Crash! (Or Maybe Not)

Meet the Man Who Made a Fortune Exploiting the Poor With Payday Loans

WSJ: "Too Rich To Live?"



First Data cuts 78 employees from its staff in Ventura, CA

Mosaic Warns 221 of Layoffs at South Fort Meade Mine

Long Beach School Board fires 357 teachers

St. Francis Hospital in Kansas to cut 105 workers

Netflix to lay off 125 in Orange County

50 Lee County, FL workers for Department of Transportation to be cut as county tax base plummets from $96.5 Billion to $55 Billion

Salinas hospital offers buyout to 138 employees but really wanted to cut 200 employees from every department

59 year old laid off lawyer has applied for over 1000 jobs in 18 months and has never been called back for an interview

80 Oakland Police Officers laid off

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