Posted on July 16, 2009 by mcauleysworld
WASHINGTON – Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration’s efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.
In past recessions, the housing industry helped get the economy back on track. Home builders ramped up production, expecting buyers to take advantage of lower prices and [...]
Filed under: Banking Crisis, Barack Obama, Economic Crisis, Economic Recovery, Economy, Employment, Mortgage Crisis, Mortgage Foreclosures, Mortgage Modification, Unemployment | Tagged: Economic Recovery, Economy, Mortgage Crisis, Mortgage Foreclosures, Obama, Unemployment | 1 Comment »
Posted on July 16, 2009 by mcauleysworld
Foreclosures rise 15 percent in first half of 2009
Foreclosures keep soaring as unemployment becomes main cause of housing woes
WASHINGTON (AP) — The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to [...]
Filed under: Mortgage Crisis, Mortgage Foreclosures | Tagged: Mortgage Crisis, Mortgage Foreclosures | Leave a Comment »
Posted on July 16, 2009 by mcauleysworld
WASHINGTON – The number of newly laid-off Americans signing up for unemployment benefits last week, and those using this safety net over a longer period, both plunged. But the government figures released Thursday were clouded by difficulties adjusting for temporary shutdowns at auto plants. READ “The reported numbers plunged” the real numbers, the count of [...]
Filed under: Barack Obama, Economy, Unemployment | Tagged: Economy, Fudging The Unemployment Count, Obama, Unemployment | Leave a Comment »
Posted on July 4, 2009 by mcauleysworld
Oil brokerage PVM names rogue trader behind oil spike
By David Sheppard David Sheppard – Fri Jul 3, 8:40 am ET
LONDON (Reuters) – PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm’s London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
The [...]
Filed under: Crude Oil Futures, Crude Oil Price, Drill Baby Drill, Economic Crisis, Economic Recovery, Energy, Energy Crisis, Gasoline Futures, Gasoline Prices, Oil, Oil Futures | Tagged: Oil Futures, Oil Prices Manipulated, The Crooked Oil Futures Market, Crude Oil Prices Manipulated | Leave a Comment »
Posted on July 4, 2009 by mcauleysworld
The following was taken from Real Clear Politics … follow the links to read the full stories.
July 3, 2009
Wrong Again
By Oliver North
WASHINGTON — It took the Obama administration eight days to figure out whether Iranians being gunned down for protesting a fraudulent election and demanding basic civil liberties deserved to be acknowledged by the president [...]
Filed under: Barack Obama, Cuba, Fidel Castro, Honduran Congress Removes President Zelaya For Constitutional Violations, Honduras, Hugo Chavez, Oliver North | Tagged: Attorney General Luis Alberto Rubi, Daniel Ortega, Defense Minister Edmundo Orellana, Fidel Castro, Gen. Romeo Vasquez, Honduran Crisis, Honduran Supreme Court, Hugo Chavez, Manuel Zelaya, Oliver North | Leave a Comment »
