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While mostly everyone who goes to work for Wall Street is looking to be a millionaire, it looks like that’s certainly not the case for all of them. The office of New York state comptroller, Thomas DiNapoli, has gone on the record saying that up to 10,000 jobs are likely to disappear on Wall Street [...]
The last two years have been somewhat interesting as far as looking at what the people we elect have or haven’t done for we, the people. As we get closer to what’s known as midterm elections, I thought it would be interesting to look back to see what’s gone on. I’m going to be as [...]
There have been a few times on this blog when I have stated that my belief is that most of the jobs that were let go in 2008 and 2009 we’re never coming back. I’ve had that confirmed by a news story last week where interviews were done with many CEOs on the subject. However, [...]
Man, I hate being right. It seems that there’s a prediction that around 1.2 million people are about to fall off the extended unemployment benefit rolls, and with that goes the benefit they were getting on their COBRA insurance coverage. I’ve talked about the fact that unemployment figures are usually skewed by the number of [...]
So, is Chrysler still in major trouble, or are they okay? It was announced that Chrysler lost an astounding $3.8 billion dollars in the second half of 2009, but it doing much better now. Much better means that for the first quarter of this year they only “lost” $197 million. While I acknowledge that’s a [...]
This can’t be a surprise to anyone, but yesterday, the Dow Jones closed at 9,908.39, falling 104 points from last Friday. Supposedly, the market is falling because of three reasons. One, President Obama wants there to be a bit more regulation in watching what these guys do. Two, foreign markets have been erratic, especially with [...]
It seems 2009 was more memorable than anyone hoped it would be as it pertains to the housing market. A record number of foreclosure notices went out in 2009, and more are expected in 2010 to break 2009′s record; how scary is that? There were around 2.8 million foreclosure notices that went out in 2009. [...]
