Major US lender 'on the brink': Days of talks on a possible last-ditch bail-out between the US government and troubled New York-based lender CIT Group Inc have come to an end. Nine Reasons the US Economy is Not Getting Better: Jobs data paint a discouraging picture of more pain to come Moody's cuts Calif rating, budget talks press on: Moody's cut its rating on Tuesday on about $72 billion of California's debt to near junk status, citing the state's budget crisis, but a top lawmaker said a deal to close a $26.3 billion gap was near. Michigan Unemployment Rate Soars To 15.2%: Michigan's unemployment rate for June of 2009 jumped to 15.2%. That's a 1.1% increase over the prior month. Los Angeles accused of criminalizing homelessness: Two major advocacy groups for the homeless on Tuesday ranked Los Angeles as the "meanest" city in the United States, citing a Skid Row police crackdown they say has criminalized poverty and homelessness there.
Friday 17 July 2009
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