Latest news (Page 142)
The Dull Compulsion of the Economic (i)
I've decided to revive this series of posts. I hope to post weekly or bi-weekly, with links and
Failing Banks Could Cost FDIC Over $40 Billion
Nine banks have failed so far in 2009, including three that went down on Friday. Twenty-five went under in 2008,
Agreement on Stimulus Package
From The Financial Times: Deal reached on $800bn US stimulus package By Alan Beattie in Washington and Alan Rappeport in
Black Male Jobless Rate: 15.8% In January
As bad as the general official unemployment numbers are, the real jobless rate for Black males appears to have no
Closures & Layoffs (Feb. 1-7)
From Mark Heschmeyer at CoStar. 2008's Brutal Layoff Count A Weekly Report on Future Corporate Downsizings By Mark
Thoughts on Republic Windows and Doors
Our next-door office pals, United for a Fair Economy, just held a brown bag lunch meeting with some of the
BoA on Ropes Again: $20 Bn Lifeline Not Enough
From Bloomberg: Bank of America Slides to 1984 Levels on Concern for Capital By David Mildenberg Feb. 5 (Bloomberg) Bank
Ambrose Evans-Pritchard: Worst Over?
This reckoning is interesting coming from the noted bear: Recession: glimmers of hope? The first glimmers of hope are starting
Playing Chicken with the Fed, by John Kemp
This Reuters piece contains a lot of rather technical, but important information : February 4th, 2009 Playing chicken with the Fed
Yves Smith on Post Piece on Bad Banks
From her outstanding blog, Naked Capitalism: Wednesday, February 4, 2009 The Bad Bank Assets Proposal: Even Worse Than You Imagined
Planned layoffs in January hit 7-year high
From Reuters today. It will be interesting to see what Friday's non-farm payroll numbers say. NEW YORK (Reuters)
Beneath the Daschle Flap
Interesting piece by David Sirota that gives background to the Daschle flap. Hat-tip to D&S collective member Ben