recession
After Mitt Romney’s on-the-defensive appearance in Sunday morning’s MSNBC/Facebook debate, the frontrunner showed up at the Nashua Chamber of Commerce in Nashua, NH Monday to give an address in which he admitted that he “likes being able to fire people who provide services to me.” The context was health care: Romney evidently thought that the [...]
Let’s weigh your options for this Thanksgiving holiday: There’s either subjecting yourself to the TSA’s new fingering policy or NOT GOING ANYWHERE. If America’s Top Molesting Force is insisting that it’s necessary to see everybody naked, and forbidding the transport of cranberry sauce unless it’s out of reach of anal probing, then this is the [...]
HAPPY FRIDAY! “A far more disturbing number (in Table A-1 of today’s BLS release) shows that ‘persons not in the labor force’ increased by about 840,000 between November and December, from 83,022,000 to 83,865,000. That’s seasonally-adjusted; unadjusted, the number is closer to a million… What happened to the million Americans who went missing from the [...]
How does Fox News trim the work force during a terrible recession without mentioning layoffs at all? Just put out an “internal memo” announcing a sudden & comical “zero tolerance” for the constant fuckups and intentional lies that make Fox News so funny. (The memo went out Friday, so it didn’t mention today’s hilarious idiocy.) [...]
Sorry but this might be a “LOCALS ONLY” post and the rest of you are just going to have to deal with that, okay? Okay. PSST, HUMANS IN WASHINGTON: our local professional sports team, the Redskins, who play in Maryland, is the worst organization on Earth!
Poor Rhode Island is a wee state with a huge unemployment problem, horrible taxes, and an abysmally high cost of living. Fortunately, it’s also got a governor with a can-do attitude who sees one very obvious way to dig the state out of its current budget mess: just get state workers to take two and [...]
IT’S LIKE A RECOVERY, BUT WITH NO EQUITY, SAVINGS, CONSUMER SPENDING, JOBS, RETIREMENT ACCOUNTS, INNOVATION, STRONG CURRENCY, AFFORDABLE HEALTH CARE, BASIC SHELTER, OR LONG-TERM PROSPECTS FOR A COMPETITIVE MODERN ECONOMY: “The housing market continues to threaten signs of an economic recovery, with new data released on Thursday showing an all-time high of Americans falling behind [...]
Sad news! While sales of peasant dwellings have begun to creep upward due to the first-time home buyer tax credit, low mortgage rates, expanded FHA loans, and of course FIRE SALE PRICING on foreclosed homes, homes costing more than $750,000 have been difficult to move in this market. Wealthy home owners (or “the middle class,” [...]
Feeling a little fancy today? You should be! If you’re Canadian, we mean …. Because the Bank of Canada has announced the Horrible Recession is over, done, finished, kaput, était finie. But only in Canada, and only for Canadians. Dang. [Canada.com/Globe and Mail]
All of your aspirational yuppie mall brands like Pottery Barn and Williams Sonoma and Coach (which used to be legitimately fancy, years ago, before they decided to start selling loudly branded handbags to Bethesdan tweens) are having to lower prices permanently because nobody has money anymore and they don’t want to get people used to [...]
NO JOBS LEFT TO LOSE: New jobless claims fell this week, hooray, due to the number of jobs in the US forming an asymptote with zero. Continuing jobless claims, meanwhile, are just staggering and awful, a wretched 5.47 million and counting. Start growing your Victory Gardens now, because otherwise you might not have food next [...]
