HAPPY WEDNESDAY: Yes, the housing crisis is still going on, bleak as ever. According the latest report by First American CoreLogic, the research firm that monitors housing equity, 11.3 million homeowners – that’s 24% of all homes with mortgages – were underwater at the end of 2009. That number is up from 10.7 million borrowers [...]
Posts Tagged ‘Economy’
Posted in Economy, Homelessness, tagged doom, Economy, housing on 02/24/2010 | Leave a Comment »
U.S. State Pension Funds Face Massive Shortfall
Posted in Economy, The End of the World, tagged Economy, only a trillion bucks short, pension shortfall, whoops on 02/18/2010 | Leave a Comment »
According to a report released by the Pew Center today, U.S. states face a total shortfall of at least $1 trillion in their funds for employees’ pension and retirement benefits. The really really bad news? The analysis only includes data from the first six months of 2008 (!!!) which basically means it’s not reflective of [...]
Stimulus Working, But For Whom?
Posted in Economy, Lawmaking, Politicking, tagged death, doom, Economy, jesus h. christ, some package you got there, Stimulus on 02/17/2010 | Leave a Comment »
Despite the NY Times’ and Joe Biden’s claims that OF COURSE the stimulus has been successful, MoJo (thankfully) reminds us that this is only part of the picture. According to a report by the Kirwan Institute for the Study of Race and Ethnicity, many of the employment gains from the $787 billion American Reinvestment and [...]
Road To Economic Recovery Beset On All Sides By Failure And Doom
Posted in Economy, The End of the World, World News, tagged doom, economic recovery, Economy, finance, unemployment, USA! on 02/05/2010 | Leave a Comment »
Oh looksy, the January jobless data report is out! And, just like it’s been the case for most months over the last year and a half, more jobs were lost. Something like 20,000 was it? And analysts and economists and the administration fear that economic recovery might be slower than anticipated. Again. I mean, at [...]
Joblessness Among Young Blacks Insanely High
Posted in Jobs, Racisms, tagged Economy, joblessness, race on 11/24/2009 | 2 Comments »
Joblessness for 16-to-24-year-old black men has reached Great Depression proportions – 34.5 percent in October, reports the Bureau of Labor Statistics. That figure is more than three times the rate of unemployment for the general U.S. population!!! Young black women have an unemployment rate of 26.5 percent, significantly higher than the 15.4 percent rate for [...]
This Just In: Our Economy Still Sucketh
Posted in Economy, The End of the World, tagged Economy, job (losses) on 09/18/2009 | Leave a Comment »
Wait, what’s this? Job losses are up again? You mean offices weren’t empty because everyone was on vacation in August? We are SHOCKED. Well, freaked out, is probably more accurate. Forty-two states lost jobs last month, up from 29 in July. The Labor Department says that 27 states saw their unemployment rates increase, with [...]
Low-Wage Workers Often Cheated By Employers
Posted in Education, Jobs, tagged Economy, Jobs, poverty, prejudices, racism, sexism, studies, wages on 09/02/2009 | Leave a Comment »
A comprehensive new study found low-wage workers are routinely denied proper overtime pay and are often paid less than the minimum wage. The study surveyed 4,387 workers (39% illegal immigrants, 31% legal immigrants, and 30% native-born Americans) in various low-wage industries, including apparel manufacturing, child care and discount retailing.
What Crisis?
Posted in Economy, tagged big banks, economic crisis, Economy, Lawmaking, regulations, wall street on 08/28/2009 | Leave a Comment »
J.P. Morgan Chase, an amalgam of some of Wall Street’s most storied institutions, now holds more than $1 of every $10 on deposit in this country. So does Bank of America, scarred by its acquisition of Merrill Lynch and partly government-owned as a result of the crisis, as does Wells Fargo, the biggest West Coast [...]
Communism Defeated by TP
Posted in Stuff, tagged communism, Cuba, Economy, hurricanes, poverty, toilet paper on 08/10/2009 | 1 Comment »
Oh noes! It appears Cuba is on the verge of a toilet-paper crisis. Those poor, pink Cubano tushes!
The state-run company that manufacturers the country’s supply has warned that the economic crisis, combined with a series of devastating hurricanes has left it unable to guarantee it will be able to produce or import sufficient supplies again [...]
Here Read This:
Posted in Economy, Racisms, tagged assault on the black middle class, Economy, inequality, Kai Wright, mortgage crisis, poverty, racism, Reccs on 08/06/2009 | Leave a Comment »
An excellent and troubling article “The Assault on the Black Middle Class”, penned by author Kai Wright. It details first-hand how the sub-prime mortgage debacle inordinately disaffected people of color, and provides historical context and examples of the insistent racial divide that defines land-ownership, wealth, and class in this country. [The American Prospect: The [...]
Mortgage Companies Forgo 2008 Economic Meltdown Lessons To Make A Profit (What Else, Really?)
Posted in Economy, Homelessness, Politicking, tagged Economy, foreclosures, Homelessness, mortgage companies, Obama Administration on 07/30/2009 | Leave a Comment »
Poised to roll out its $75 billion program to prevent foreclosures, the Obama administration this week summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward foreclosure. Just for good measure, Treasury officials also called on companies to hire and train more people to expedite the relief [...]
Big Tobacco Heads To Africa
Posted in Traveling to the Foreigns, World News, tagged Africa, big tobacco, Economy, exploitation, Health, poverty on 07/29/2009 | Leave a Comment »
Time magazine is reporting that for tobacco companies, Africa is the next great – and unsold – frontier. With relatively few smokers, and increasing disposable income (thanks in part to the commodity booms the continent has experienced over the last couple of years), Africa is a perfect market/target for the greedy tobacco industry. “In Ghana, [...]
The Re-Emergence Of The Geisha
Posted in Traveling to the Foreigns, World News, tagged Economy, geishas, Japan, Jobs, women, women's rights on 07/28/2009 | Leave a Comment »
With Japan experiencing the worst recession since World War II, many of its young women are left with no college education, often limited to low-paying, dead-end jobs or temp positions. Amidst such bleak realities, an old profession is regaining popularity and respectability. Hostessing – a position where women lavish adoring attention on men for a [...]
The Government Will Soon Regulate Our Snacking and Nap Times, Because Democrats Are a Bunch of Communist Pansies
Posted in Economy, Health, Lawmaking, Media, Politicking, TeeVee, Terrorisms, War, tagged Chuck Schumer, drugs on teevee, Economy, government regulations, Health, laws, Media, Obama Administration, politics, stock market, TeeVee, The CIA on 07/27/2009 | Leave a Comment »
Why do Democrats Hate Our Freedoms?
• Lawmakers are trying to curb TeeVee commercials for prescription drugs aimed at curing people of preposterous maladies like deficient eyelashes, restless leg syndrome, and male urinary urgency, that may cause obscene side effects like four-hour erections. (Because honestly, wouldn’t a four-hour erection cause urinary urgency and restless leg syndrome?) Maybe [...]
Today’s Headlines: FEMA Trailers Make Homelessness Seem … Not So Bad
Posted in Economy, Homelessness, Jobs, Lawmaking, Military, Terrorisms, tagged Economy, FEMA, hate crimes, Jobs, laws, Military, Obama Administration, Terrorisms, The Fed, unemployment, War on 07/24/2009 | Leave a Comment »
• Years of state and federal neglect have hobbled the nation’s unemployment system, leaving millions of needy people (roughly 40% of claimants) waiting for months for their checks. The number of jobless Americans seeking aid has doubled during the recession, while state funds have depleted, resulting in 16 states borrowing billions to pay out claims – [...]
Male Unemployment, Irritability and Depression Are A Woman’s Problem, So Deal With It Bitch, Before I Smack You Again
Posted in Health, Jobs, Ladies, tagged bad advice, dumb things, Economy, Health, how to keep a man, ignorant media, marriage, sexism, women on 07/23/2009 | Leave a Comment »
Roughly 74 percent of the 6 million or so jobs lost in this recession have been men’s, according to the Bureau of Labor Statistics, a statistic which has resulted in the uptick of another one: relationship problems (and subsequent divorces). This because earning a living is still centrally tied to male self-esteem, since Tarzan still [...]
More Headlines: Trains And Cars Also Racist
Posted in Colleges, Economy, Education, Military, Terrorisms, The End of the World, Traveling to the Foreigns, War, World News, tagged death, Economy, student loans on 06/30/2009 | Leave a Comment »
• A freight train derailed and exploded in Northern Italy, killing at least 12 and injuring 50. [Talking Points Memo]. Oh and a car bomb hits NATO-supplying trucks in Pakistan, killing four. [NY Times]
• As the U.S. begins its troop withdrawal from Iraq, the country is expected to start a much-heralded auction of licenses to develop [...]
The U.S. Economy Is In The Shitter (Ta-da!)
Posted in Stuff, The End of the World, tagged broke ass nation, Economy, unemployment, you will die very soon on 06/22/2009 | Leave a Comment »
–>The nation’s unemployment rate is projected to rise for another year, before topping out in double digits, thereby threatening to slow economic growth and increase poverty. So, all those reports and rumors of the recession ending? LIES! All lies, my pretties! Mwaaaahhahahaha.
[Wash Po]
–>A quarter of U.S. employers have eliminated matching contributions to employee 401(k) retirement [...]
Good Thing No One Is Overreacting Over This Swine Flu Thing
Posted in Traveling to the Foreigns, tagged and we're sure they built the pyramids?, dumb things, Economy, healthcare, News on 04/29/2009 | Leave a Comment »
On governmental orders, Egypt’s Health Ministry workers drove through the country, rounding up and slaughtering roughly 300,000 pigs on Wednesday. As a precautionary measure, you see. Good thing the virus isn’t spread through human-to-human contact. Oh, wait. What?
[1010 WINS dot com]
Meanwhile, 300,000 pigs is a lot of meat. Especially to the 1 billion undernourished people [...]
TARP Releases New Remix “Why Yes, We Do Want You to Bend Over and Just Take It”
Posted in Economy, tagged bailout, banking industry, Economy, Stimulus, Thieving Assholes Ream Populace on 04/22/2009 | Leave a Comment »
Hey, remember when the government decided to tax its people to rescue all those greedy, irresponsible banks with its magical TARP program, while the rest of its citizens went around without healthcare, homes, or even money? Well, part of the reason it got away with the bailout (aside from that whole ‘they govern the land’ [...]
Child Abuse Rises with Recession
Posted in Sicknesses, tagged child abuse, Economy on 04/17/2009 | Leave a Comment »
According to reports throughout the country, child abuse in the United States is on the rise, and associated specifically from the increased psychological and financial distress on families resulting from the economic crisis our country has been experiencing over the last 18 months.
Boston hospitals have seen twice as many cases in the last three [...]
