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Unemployment is a major thing today. The national figure is still sitting at 9.6%. Each month there are statistics that come out saying how many new jobs were created and how many were taken away. The figure has been fairly static most of the year; it’s almost a wash at this point. The thing is, [...]
After all these years, I think anyone who’s visited this blog more than once knows I’m black. It’s not for this reason that I often write about how many of these industries that are crashing are impacting both blacks and other minorities in general. It’s because it’s news. I don’t go searching for this stuff; [...]
By now, everyone knows the economy is in trouble. If most of you are paying attention, you know that where you live is probably going to be in trouble as well. There are many reasons for this, and we might as well look at some of them because this isn’t going to be pretty. Let’s [...]
So officially we’re not in a recession anymore, right? Well tell that to families, as census statistics reported that income went down for the second year in a row, there are fewer families making $100,000 a year in income, there are more people without health insurance and there are more people living in poverty, 14.3%. [...]
In a recent news article, it was reported that banks will also start laying off people as the economy struggles to recover. It’s not just American banks, but banks across the United States. The article mentioned that around 330,000 employees have already been let go because of the financial mess, but believes there will be [...]
Ten days ago I said that investing one’s money takes confidence. It seems I was more accurate on that point than ever, as August 2010 turns out to be the worst August since 2001, and that was days before what happened to the World Trade Center. The Dow dropped 4.3% in August, including dipping under [...]
If ever there was an obvious headline, the one above is it. The housing industry is in trouble, and it doesn’t look like there’s going to be a fix any time soon. So what’s going on? We’ll start with the news that existing home sales are at their lowest level in 15 years, down 27% [...]