Ron Paul Warns of Violence from Pending Dollar Crisis;
Says Israel Strike on Iran the Trigger
IMF warns that banks have yet to reveal half their likely losses:
BANKS AROUND the world still have to reveal about half their likely losses resulting from the financial and economic crisis, the International Monetary Fund said yesterday, warning there was still a "significant" risk of another downward lurch in the global recession.
Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt:
The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery
Michigan government shuts down, but does anyone notice?:
The state of Michigan officially is having a 22-hour workday today, and lawmakers there are pretty exhausted after spending all night trying to overcome their budget standoff.
We're broke ... time for a new tax:
Given the country's fiscal hole, former Fed chair Paul Volcker and many tax experts say there may be a need for a value-added tax.
U.S. Factory Orders Plunge Unexpectedly in August:
New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession.
U.S. loses 263,000 jobs in September:
The United States lost 263,000 jobs in the month of September and unemployment continued to trend upward to 9.8 percent, according to a new report from the U.S. Department of Labor Bureau of Labor Statistics.
InkStop Closes All Stores, Workers Stunned:
No paycheck, no health insurance and no job! That's exactly what all InkStop employees are suddenly dealing with. The company has closed all InkStop stores nationwide, which includes 23 stores in Michigan.
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