Job Exlposion Map Shows Losses from June 08 to June 09
Map shows a striking visual of employment trends over the last business cycle using net change in jobs from the U.S. Bureau of Labor Statistics on a rolling 12-month basis.
Jobs and Employment
Reporter Discovers Real Face of ‘Toxic Assets’
George from InflationUS goes out to real estate development zones that have been abandoned in Southern California.
“This is what the future will look like. Bombed-out suburbia converted to public housing with the government as the communist landlord for the rental serfs because the mega-wealthy don’t want it, they keep only the good assets for themselves.”
Latest New York State Unemployment Rate Record High – Only Government Is Hiring
Historically, the New York state unemployment rate is much below the national averages. However, according to the NYS Department Of Labor the August 2009 New York state unemployment rate is 9.0 percent, compared to a national average of 9.7%.
From Wall Street to Ice Cream Truck Driver
Bill Sonner, 47, used to be known as ruthless on the New York Stock Exchange trading floor. As WSJ’s Mary Pilon reports, this Wall Street refugee has found a new passion as an ice cream man since being laid off.
Senate Spends Millions on Road Signs Marking Stimulus Projects
Senate Democrats found it to be more important to “let the people know” they are fixing the economy than it is to actually fix it.
Senate Democrats approved a measure 52-45 to spend millions of dollars putting up road signs to highlight where the stimulus money was being spent.
Tsunami Of Unemployed Workers Benefits to Expire Soon
As many as 1.5 million set to lose jobless benefits by the end of 2009. Many people are becoming desperate.
58-year-old has Karen Inbody of Elkhart, IN has just about three weeks of benefits to figure out how she will pay for food and shelter.
“I’d shovel horse poop,” she says wearily. “I haven’t even found one of those jobs available.”
Support 9/11 First Responders
On September 11, 2001 2,974 people were murder in an attack on the world trade center.
Since 9/11 thousands of first responders have died from asbestos and chemical poisoning.
The majority of rescue workers have been denied the most basic health care assistance from the U.S. Government.
Dealers Pulling Out of Clunkers Program Citing Not Getting Paid
Hundreds of car dealerships in New York are pulling out of the “Cash for Clunkers” program today citing fears that the government may not be able to properly reimburse them.
The program offers up to $4,500 dollars per vehicle for customers purchasing a more fuel efficient car or truck. However the dealerships must pay the rebates out of pocket, and then must wait to be reimbursed by the government. The program has been and administrative nightmare so far, the initial funding for the program was burned through in only 4 days.
Fannie Mae seeks $10.7B in US aid after 2Q loss!
Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.
The mounting price tag for the rescue of Fannie and its goverment-sponsored sibling, Freddie Mac, is surpassed only by insurer American International Group Inc., which has received $182.5 billion in financial support from the government so far.
Job Sites 1939 vs. 2009
On the left is an image from a work site back in 1939. On the right is 2009. Today we can see very similar and troubling trends. While stimulus projects go to frivolous pet projects for Senators and Congressmen, work sites across the country are shutting down.
Cash For Clunkers Program “GREAT SUCCESS” Runs Out Of Cash In Four Days
“Cash for Clunkers may have run out of cash, but America’s consumers haven’t run out of clunkers. We’re going to work with the Obama administration to keep this wildly successful program going until it reaches its goal of helping take 1 million gas guzzlers off the road”
