Stocks Tumble, Recession worries, Standard & Poor 500 Index worst nine day slump since March 2009, Jobs reports dismal From Bloomberg August 4, 2011. “A global rout in equities drove the Standard & Poor’s 500 Index to its worst nine-day slump since March 2009, while two-year Treasury yields plunged to a record low amid concern [...]
Aug 4 2011 | Posted in
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Rhino Times, December 9, 2010, Under the Hammer, Obama tax lies, Obama records “Why has Obama, for over 2 years, employed numerous private and government attorneys to avoid presenting a legitimate birth certificate and college records?”…Citizen Wells and millions of concerned America From The Rhinoceros Times December 9, 2010. Under The Hammer by John Hammer [...]
Dec 11 2010 | Posted in
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Unemployment rate 9.8 percent, Worst stretch since World War II, 19 months above 9 percent From the Wall Street Journal December 3, 2010. “Economy Added Fewer Jobs Than Expected in November” “The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, underlining the continued [...]
Dec 3 2010 | Posted in
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Rhinoceros Times, Under the hammer, John Hammer, Bush tax cuts, Media bias, November 18, 2010 One of my favorite publications in NC is the Rhinoceros Times, published weekly, and one of my favorite writers is John Hammer, the author of “Under the Hammer” and Editor in Chief. John Hammer has been exposing much of the [...]
99 weeks of unemployment, Recession worse than depression, Congress extended unemployment benefits to 99 weeks From CBS 60 minutes. “The economic jam we’re in has topped even the Great Depression in one respect: never have we had a recession this deep with a recovery this flat. Unemployment has been at nine and a half percent [...]
Oct 25 2010 | Posted in
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September 2010 unemployment rate, US Bureau of Labor Statistics, Nonfarm payroll employment down 96000, 9.6 % unemployment From the US Labor Dept. Bureau of Labor Statistics October 22, 2010. THE EMPLOYMENT SITUATION – SEPTEMBER 2010 “Nonfarm payroll employment edged down (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent, the U.S. [...]
Durable goods orders below estimates, August 25, 2010, Commerce Department report From Bloomberg August 25, 2010. “Orders for durable goods increased less than forecast in July, a sign one of the few remaining bright spots in the U.S. economy is cooling. Bookings increased 0.3 percent, compared with the 3 percent median estimate of 75 economists [...]
Home sales record drop, July existing home sales, 27 percent plunge From Bloomberg August 24, 2010. “Sales of existing houses plunged by a record 27 percent in July as the effects of a government tax credit waned, showing a lack of jobs threatens to undermine the U.S. economic recovery. Purchases plummeted to a 3.83 million [...]
Jobless claims rise 12000, August 19, 2010, US Labor Dept, Initial claims half million From the US Labor Dept. August 19, 2010. “UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an increase of 12,000 from the previous week’s revised [...]
Housing starts lower than forecast in July, August 17, 2010 From Bloomberg August 17, 2010. “ Work began on fewer homes than forecast in July and building permits fell to the lowest level in more than a year, indicating little evidence of a rebound in U.S. construction following an expired tax credit. Housing starts totaled 546,000 [...]
