Wall Street's Greatest Heist: The TARP
By Dean Baker
The notion that without the $700bn bailout we would be reduced to bartering was a ruse by the banks to get taxpayers' money. Continue
13 States post double-digit jobless rates: . Thirteen states posted double-digit unemployment rates in August, up from 11 in July, according to figures released Tuesday morning by the U.S. Bureau of Labor Statistics.
Jobless rate remains at record pace: At 14.4 percent, Nevada still leads nation in unemployment
Small Business Owners: Recession Not Really Over: The recession may be officially over, but many small business owners don’t see it that way.
Here's Why The NBER's Declaration Of The Recovery Is A Joke: So, the recession technically ended 15 months ago; tell that to the 15 million unemployed and the 42% share of these ranks that have been looking for a job fruitlessly for at least six months.
Moody's Forecast for Housing and the Economy: Dim: In the agency’s ResiLandscape report issued last week, they warn that there’s a stronger chance the country will slide back into a recession, and they are forecasting a “longer and deeper housing correction.”
Golden State Home Sales Continue Downward Spiral: August home sales in California were down 2.7 percent from July and 14 percent from a year ago, MDA DataQuick recently reported.
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