Actual U.S. Unemployment: 15.8%
By Frank Ahrens
That U.S. unemployment has hit 13.7 million, pushing the rate to 8.9 percent, tells only half the story of this recession. Continue
China overtakes the US as Brazil's largest trading partner: China has become Brazil's most-important trading partner, disrupting a relationship between the United States and the Latin country that stretches back to the 1930s.
Short Sales: Banks Blocking Way Out Of Foreclosure Crisis: In a time of collapsing real estate values, where one in five homes are now under water, a short sale is increasingly the only option before foreclosure. It is less damaging to credit scores and spares the homeowner the shame of foreclosure.
Estimate of Budget Deficit Now Tops $1.84 Trillion: The economic crisis is already taking a toll on the Obama administration’s new budget projections, adding $90 billion to its already historically high estimates of deficits for both this fiscal year and next.
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