Friday, 30 October 2009

Housing Rebound? "Not so fast" 

By Mike Whitney 

Senate Democrats are a dogged bunch. And they're not easily deterred from their primary duty of kowtowing the big banks. 
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Lack of health care led to 17,000 US child deaths: Lack of adequate health care may have contributed to the deaths of some 17,000 US children over the past two decades, according to a study released by the Johns Hopkins Children's Center

The Auto Bailout Isn't Over; GMAC May Get More Aid: If you hoped the auto bailout had ended when Chrysler and General Motors emerged from bankruptcy, you might want to stop reading.

Dollar, bonds rise as consumer confidence falls: Consumer confidence in the United States soured as the worst labor market in a quarter century increased concerns over the likely extent of an improvement

New jobless claims climb more than expected : The unemployment rate rose to 9.8 percent in September from 9.7 percent, the department said earlier this month, as employers cut 263,000 jobs. The recession has eliminated a net total of 7.2 million jobs.

New home sales take surprise tumble: Sales of new homes dropped unexpectedly last month as the effects of a temporary tax credit for first-time owners started to wane.

Consumer confidence slips unexpectedly: Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen.