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Lets Hang Together or We Will Surely Hang Apart!
Foreclosed Homeowners Should Stay Put Says Congresswoman
If you’re poor and the bank is coming for your home, Congresswoman Marcy Kaptur has a plan for you.
Just squat, she says.
Yes, this Ohio Democrat is actually encouraging her financially distressed constituents whose homes have been foreclosed upon, to simply stay put.
In a Friday report, CNN’s Drew Griffin explored [...]
Union Membership Rises for Second Straight Year
WASHINGTON — Amid widening unemployment, home foreclosures and credit woes, union membership jumped to 12.4 percent of the work force last year.
The Bureau of Labor Statistics says the ranks of organized labor rose by 428,000 workers — the biggest annual gain since the government began compiling such data [...]
Unemployment Sweeps Nation
NEW YORK (CNNMoney.com) — Unemployment spiked in all states nationwide in December for the first time as companies shed hundreds of thousands of positions, federal data released Tuesday shows.
All 50 states and the District of Columbia recorded unemployment rate increases compared with the previous month and the year prior period, the Bureau of [...]
Your Bailout Money at Work
“The notion of Citigroup spending $50 million on a new corporate jet, even as it is depending on billions of taxpayer dollars to survive, does not fly,” said Sen. Carl Levin, D-Detroit. “To permit Citigroup to purchase a plush plane — foreign-built no less — while domestic auto companies are being [...]
Economy is Getting Worse
NEW YORK (CNNMoney.com) — Economists expect an already deep recession to get even worse in 2009, according to a survey released Monday.
Companies will lay off more workers and hoard more cash during the next 12 months, according to the National Association for Business Economics survey, a quarterly take from a panel of [...]
The Job Market is Worse Than You Think
NEW YORK (CNNMoney.com) — The unemployment rate rose to 7.2% in December, the highest it has been since 1993. That’s obviously not good news.
But the job market might be in even worse shape than this number suggests. There’s a growing number of market experts who think that the [...]
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