30 July 2010

Business/Economic/Housing/Layoff News for July 30, 2010

America Sits Out The Clean Energy Race With China

“Unused Rooftops”: The Future of Solar Power

US Faces Water Supply Crisis

A New Spotlight on Japanese-Style Deflation


Euro nears level not seen since European bailout package

Another slap on the wrists of Banksters: Citigroup Inc. agreed on Thursday to pay $75 million to settle a lawsuit brought by the Securities and Exchange Commission that the bank failed to disclose $40 billion in subprime exposure to investors

The Great Ethanol Boondoggle

Goldman's Leading Indicator Plummets To A Seven-Month Low, Predicts An ISM Collapse Next Week

The New Normal: Americans Cutting Back — Even If They Don’t Have To

Henry Paulson calls for shrinkingFreddie Mac and Fanny Mae

More Foreclosures Expected as Housing Crisis Continues


Dr. Housing Bubble: Real City of Genius – The Westside of Los Angeles. Three short sales in Palms, Santa Monica, and Culver City. $100k to $300k in discounts in prime Southern California locations. Short sales still too expensive even with large discounts

6 Reasons Why The Housing Market Has Not Recovered

Don't Count on Housing to Lead the U.S. Recovery

MISH: Housing Bubble will Not be Reblown; Foreclosures Increase in 154 of 206 Metro Areas with Population Over 200,000


President of the Dallas Federal Reserve explains why there is no job growth in the USA

"A Modern-Day Depression": Rosenberg Sees "Tough Slogging" for the Economy


BP May Attempt ‘Static Kill’ of Well Before Aug. 1

Prudential Insurance Sued Over Veteran Life-Insurance Claims, Lawyer Says

SEC Brings GIGANTIC Insider Trading Case Against The Famous "Swift Boating" Wyly Brothers Of Texas

Investing Advice:Finding the Right Dividend ETF: Aristocrats and Achievers

OMB nominee got $900,000 after Citigroup bailout

Justice Department sues Oracle for fraud


Microsoft Working on iPad's Rivals

Google Develops a Facebook Rival

Fed's Bullard: Fed would act if recovery fails

U.S. Economy Grew 2.4% in Second Quarter, Below Forecast

Americans cut back on visits to the doctor


PricewaterhouseCoopers laying off 500 people in Tampa


New York state government to fire 1,000 workers

First Data pink slips 355 employees worldwide (50 in Omaha)

28 July 2010

Business/Economic/Housing/Layoff News for July 29, 2010

Target To Close All 262 Of Its Gardening Centers Nationwide

Asian shares down on new signs US economy slowing

AP survey: A bleaker outlook for economy into 2011

Countdown to Gold's $1,300 assault

Chris Martenson . . .What Should I Do?: The Basics of Preparation (Part I)

Foreclosures up in 75 percent of top U.S. metro areas

Don't hold your breath for a bounce in home prices

Mish: "New Home Sales and Bear Market Math"


It Looks Like This Recovery Is Already Over

Fleckstein: "Deflation Crisis Doesn't Exist"

Five cities near Army bases to receive federal grants to build housing for homeless veterans

Independent Alternative World News from A1A News

How Warren Buffet "Destroyed" The Market

John Mauldin: "Deflation Dissected"

Schwarzenegger declares California fiscal emergency

What I've learned from market bubbles: "The Last Gasp of government.com"

The inventor of Mortgage Securities says these bundled up pieces of sliced and diced crap were not behind the Housing Crash

More Builder Evidence of Tax Credit Goose, Post-Credit Bust

Government Mortgage Mods: Failure, or Just Flawed?


Northern Coast - San Diego : Amid crash, house rentals surge


Closing the Door on Homeowners



Alternative Energy - Engineers race to design world's biggest offshore wind turbines

U.S. wind power installations drop in first half of 2010

Duke Energy - The Amazon of Energy?


U.S. “Home Equity” Loans Revealing
Americans Tap $8.3 Billion in Home Equity, Least in a Decade

On too big to fail banks - "Let Them Eat Losses"

Outrageous! How Insurance Companies Profit Off Surviving Family Members Of Dead Soldiers

Atlas Didn't Shrug: Uncertainty In The Markets Forces Many Business People To Sit On Their Hands

Durable Goods Orders "Unexpectedly" Sink; How did Economists Blow the Call?

While Dow Theory says buy, leading indicators flash warnings

Must read for ETF Commodity Investors: "Amber Waves Of Pain"

Ex-NYC Money Manager Admits To Bilking Over $330 Million From Investors, Some Of Which He Used To Buy Collectible Teddy Bears And Invest In Race Horses

'Glenn Beck': Bell's City Council Pay Scandal


American Safety Razor Files for Bankruptcy With Plan for Sale to Lenders

Must read from Robert Reich - "The Great Decoupling of Corporate Profits from American Jobs"

In Vineland, more than 300 workers agree to furloughs and government will shut down for 12 days


King's Daughter Hospital in Ashland, Kentucky terminates 85 employees and reduces 150 more to part-time status


MTA board OKs public hearings on toll, fare hikes and approves 200 layoffs of token booth clerks


Navistar to cut 340 employees in Columbus as order for Marine vehicles comes to end of production

Hartford, CT: St. Francis Hospital To Lay Off 200 In August

26 July 2010

Business/Economic/Housing/Layoff News for July 27, 2010

Oil well just off course of Louisiana hit by barge this morning, 20 foot high oil spew still not capped, booms surrounding spill

US shopping center vacancy rates rose in 2nd qtr

Cap-And-Trade Advocates See Tougher Battle After Elections

Taleb: Government Deficits Could Be the Next 'Black Swan'

Unless women take control of Wall Street and America, 'The End' is near

The Illustrated Guide To Larry Summers' FinReg Hypocrisy And Hallucinations

The Government's Role in the Housing Bubble

Sickness, late pay, faulty equipment & lies . . . what it's like to be one of the non-inmates working for BP cleanup crews

With scores of coastal residents out of work after the spill, BP is hiring inmates to clean up its mess—and getting lucrative tax breaks in the process


Undersea oil plumes linked to BP Oil Volcano

As counties across the USA run defecits, more asphalt roads are returned to gravel


Derek Thompson of The Atlantic - "The Scariest Unemployment Graph I've Seen Yet"

James Howard Kunstler: "What Is It?"

London bankers buying up 1974 book on mechanics of Weimar Republic hyper-inflation

Head of Bush's TARP program for bankers, Neel Kashkari, wants to cut entitlements such as Social Security for the Middle Class

Cities looking at giving away land and cracking down on non-profits as a means to generate more revenue

Rochester schoolboard to give pink slips to 116 teachers

United Technologies to cut another 1500 jobs for remainder of 2010

Pennsylvania state government employee layoffs still coming

Must Read Of The Day - - - Roger Ebert: "BP's Tree Fell On My Lawn"

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