Thursday, February 25, 2010

New Home Sales Fall to a Record Low
Sick Banks Mean Feeble Recovery
New Jobless Claims Rise to 496,000
US Workers Unlikely To Go The Way of Greece

We're basically in the same economic boat. But unlike Greece there will be no general strike here. According to this article, only 12% of U.S. workers are organized. ONLY 12%! We're doomed.

Wednesday, February 24, 2010

SF Schoolboard Approves Nearly 900 Pink Slips
U.S. Economy: Consumer Confidence Falls to Lowest Since April
The Death of U.S. Capitalism: The Final 10 Scenes
The Unemployed Now Have Their Own Union, and It's Catching on Quickly

Also: Union of Unemployed Web Site

Commercial Mortgage Default Rate in U.S. More than Doubles
ABC News to Cut Hundreds of Staff
U.S. New-Home Sales Unexpectedly Fell to Record Low
Second Strike Paralyzes Greece
Sustained recovery still in question, says Bernanke
Almost 10% of FDIC-insured banks "troubled"

Also: Banks Deteriorate as Loan Losses Mount