26 August 2010

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

Bernanke's helicopter could move to new altitude

Asian Stocks Decline on U.S. Growth Concern, Advancing Yen

Another Toyota Recall Affecting 1 Million Corolla and Matrix Brand Cars

1,000-Megawatt Plant in Calif. Marks New Milestone in Solar Expansion

India to add 100 Mw solar power capacity

UPDATE 2-Toshiba plans solar power push in Europe, U.S.

Solar, wind expected to become world's main sources of energy: scientist
US Wind Turbine Projects Run Into Resistance From The US Military . . . Here's Why

Breakthrough! Scientists create a synthetic surface for growing stem cells

China's Biggest Wireless Telecom Might Begin Selling Apple iPads In September


Silver and Gold ETFs: Protecting Yourself From a Sell-Off

The Great Delveraging Lie

Mass Delusion American Style

Dow closes below 10,000

S&P 500 down over 13% since April's high; surpisingly, short interest has stayed relatively flat

Dallas-Fort Worth commercial foreclosure filings are up 51% in 2010


11 Million U.S. Properties with Negative Equity in Q2

Chart of the Day: Housing Prices Since WWII

Current trends suggest that the housing market is collapsing. Again. Will it take the economy further down with it?

Mish: Burning Down the House; New Home Sales Consensus 330K, Actual 276K, a Record Low; Nationwide, Zero New Homes Sold Above 750K


The Renting Alternative Will Undermine The Housing Market For Years

Mish: Weekly Unemployment Claims Drop to 473,000, Last Week Revised Up to 504,000; 4-Week Average Rises to 486,750

Scarcity of jobs puts more at risk of foreclosure


Newark submits plan to eliminate nearly 1,000 city jobs

Children's Hospitals plans to cut up to 250 jobs

USA Today to give pink slips to 130 employees


Raytheon cuts 82 NASA workers

25 August 2010

Business/Economid/Housing/Layoff News for August 26, 2010




New Home Sales decline to Record Low in July

Denninger: The Newest Ripoff In Housing

Capital Expenditures By US Corporations Slows Down And Endangers Hiring

Intel CEO: U.S. faces looming tech decline

24 August 2010

Business/Economic/Housing/Layoff News for August 25,2010



Mish: Japan's Finance Minister Threatens Yen Intervention to Halt "One-Sided Movement"

Elliot Spitzer: They Still Don't Get It

Santander Analyst Made Insider Trades Before BHP Bid for Potash, SEC Says

Burger King 4Q net income falls 17%; sales slip


Apple Said to Prepare New 99-Cent TV Show Rental Service

Traders Freaking Out Over WSJ Report On The Fed: Here's Why


U.S. Existing Home Sales in Record Plunge

Economy Caught in Depression, Not Recession: Rosenberg


Ireland Long-Term Sovereign Credit Rating Cut by S&P

Yes Folks, Hindenburg Omen Tripped Again. . . Creator Of Hindenburg Gets Entirely Out Of Market

The Automatic Earth: "How Low Can We Fall This Fall?"

Louis Navellier: 9 Mega Cap Blue Chip Stocks To Dump Immediately


Gross Says Mortgage Yields Would Soar Without Government Aid
PIMCO's Bill Gross on "Deep Demographic Doo-Doo"

Former Countrywide CEO Mozilo faces more allegations


Home Prices: They're Not Quite What They Seem

NYT: "The Overconfidence Problem In Forecasting

Realty Check: The Experts Failed To See The Housing Crisis Coming


The Two Gangs Of Economists Warring Over The Causes Of High Unemployment


Deal between Miami Beach and CWA Union falls apart putting 450 jobs in peril


Between 600 to 1,000 workers to be laid off in Arkansas Whirlpool Plant

Pfizer: 150 plant workers to lose jobs in December


Income Inequality and Financial Crises

Business/Economic/Housing/Layoff News for August 24, 2010


7:06 AM EST - Stock futures drop on global economic worries; traders brace for weak housing report.

Hussman: Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar

Leaked Documents Provide Glimpse Behind Baseball’s Financial Curtain

15-year high for the Japanese yen

Mish: Dissent at the Fed, 7 of 17 Express Reservations about QE; Appeals Court Refuses Fed's Motion to Dismiss Bloomberg's Freedom of Information Request


First Time Ever: Pay TV Subscribers In The US Decrease

Great Recession, Great Depression

Zero Hedge: Mapping The Tipping Points

Zero Hedge: How Hyperinflation Will Happen

Mogambo Guru: "Inflation Follows The Stimulus Boom"

The Fed Can Create Money, Not Confidence

Barry Ritzholz Video - Are We In An Economic Purgatory?


Sign of Trouble? Bankers Pitch 100 Year Bonds

Bond Funds Attracting Cash Like Stocks During Dot-Com Boom: Credit Markets


The End of Management - Corporate bureaucracy is becoming obsolete. Why managers should act like venture capitalists

WSJ: Facing Budget Gaps, Cities Sell Parking, Airports, Zoo

Wikipedia entry on "Quantitative Easing"

How to protect your money during deflation

Der Spiegel: On The Way Down - The Erosion Of America's Middle Class

Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans


Credit Card Rates Fly Through The Roof

The Age of Nations is Over. The New Urban Age has Begun.

Boarded-up Tuscon, Arizona complex excels now in a sorry way - decay


The Housing-Market Diagnosis: Still Weak
15 Signs The U.S. Housing Market Is Headed For Complete And Total Collapse

Henry Blodgett - Now They Tell Us: Experts Say Housing Is A Lousy Investment And Always Will Be (video included)

The U.S. Housing Fetish Hurts the American Dream

Homeowner confidence in real estate market dips

Mish:Commercial Real Estate Foreclosures to Hit Chicago "Loop", First Since 1999; Big Wave of Commercial Foreclosures, Bank Failures Coming

What to Do With a $7.6 Million Home? Tear It Down!


Even high-end properties can't escape foreclosure wave in Palm Beach County


Sacramento Wastewater Plant Upgrade Would Cost 390 Jobs Per Year

Canadian Pacific Railway Plans To Announce Job Layoffs In The Next Two Weeks

22 August 2010

Business/Economic/Housing/Layoff News for August 23, 2010

Peter Schiff: The Fed Has A Drug Problem, Bernanke Is Addicted To Printing

Stocks Rally on Takeover Optimism; Coffee Jumps to 12-Year High

Debt's Deadly Grip

Mish's Weekend Potpourri: Commercial Real Estate Prices Tank; Late Mortgage Payments Spike; Half of Shanghai, Beijing Flats Are Vacant; Pension Fraud by New Jersey Cited by SEC

USA: Portrait of a Sagging Empire

Bond Yields Showing No Economic Spoils for Republicans in 2010

Bond bubble fear returns as investors flee stocks


How Pimco is holding the American homeowners hostage

It's doom and gloom all over again

Today’s economic crisis is less about the quantity of output than the distribution of income and leisure


Late-fee limits could cost card issuers $3 billion

Democracy or “Lobbyocracy”?

Beijing Billionaire Who Grew Up With Mao Sees No Housing Bubble


4th Straight Year Of Decline: Country clubs for golfing closing nationwide

10 Big Retailers Closing Stores

Small Investors Flee The Stock Market


Firm: N. Calif home sales drop 23 percent in July

Another top money manager says the market is priced attractively at this time

7 Reasons Why You Should Not Buy A House


Post-Mortgage Meltdown, Where Do We Go Now?

Dr. Housing Bubble: The fallacy of cheap home prices and the two income trap – dual income households underscore massive housing inflation. Nationwide home prices overvalued by 25 percent.

Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof?

Housing Fades as a Means to Build Wealth, Analysts Say


Bloomberg: Housing Slide in U.S. Threatens to Drag Economy Into Recession

Watch Out Amazon, Here Comes Rakuten!


Delta to Recall, Hire Attendants as Carrier Expands

What is real jobless rate in North Carolina? Try 17.8%


Bleak Picture for Employment

Veterinary supplier files bankruptcy, lays off 300


State of Texas considers cutting "thousands" of jobs to balance their budget

BAE Systems laying off 124 at Western Pennsylvania plant


Wells Fargo laying off 90 employees in Reading, PA

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