President Obama warned that it will take "many more months" for recession to be really over. This statement was made after the GDP figures revealed that the dip was better than expected for the second quarter.
Even with positive indicators such as...
It looks like we've got another bonus scandal in our hands.
AIG drew the ire of taxpayers after it handed top executives huge millions in bonuses despite receiving billions in bail out funds from the government. Now, a study by New York Attorney...
Tuesday July 21, 2009 16:59
Posted by Alex as Recession
Disaster-preparedness is one thing but stockpiling two-year's worth supply goods? Isn't that a bit over the top? Well, that is not the case for some. Some families have taken on a survivalist mentality and has started to prepare for something short of...
Monday July 13, 2009 18:48
Posted by Alex as Recession
All this government spending to spur on the economy has to come from somewhere. However, when tax receipts don't match the government's spending, it leaves Uncle Same with quite a lot in the hole. The federal budget deficit is now over $1...
These days, everyone seems so easily displaced. Unemployment rates are still rising. Home foreclosures follow the same trend. When before, suburban America was the home of the American dream with the family home with white picket fences, today it's...