Tuesday, 11 August 2009


Donald Rumsfeld makes $5m killing on bird flu drug: Donald Rumsfeld has made a killing out of bird flu. The US Defence Secretary has made more than $5m (£2.9m) in capital gains from selling shares in the biotechnology firm that discovered and developed Tamiflu, the drug being bought in massive amounts by Governments to treat a possible human pandemic of the disease.

U.S. banks to make $38 billion from overdraft fees: report: A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper.

State unemployment rates continue to climb: The most recent numbers from the Bureau of Labor Statistics continue to paint a bleak picture for unemployment rates. According to the most recent unemployment rate press release, unemployment rates rose in 38 states.

Guess What? Unemployment's Really at 16.3 Percent: How is it possible for the unemployment rate to essentially remain unchanged when 247,000 jobs have been lost? Because the number of people who gave up and stopped looking for work rose dramatically.