Friday, February 26, 2010

CLIFF NOTES II ... WE ARE AT THE PRECIPICE

US jobless claims show surprise rise
The number of US workers making new claims for jobless benefits recorded a surprising increase last week, offering more evidence that the labour market’s recovery will be rocky - Feb 25 2010

US senator warns of ‘financial meltdown’ risk
The US is heading for a debt-driven ‘financial meltdown’ within five to seven years, according to Judd Gregg, the outgoing Republican senator for New Hampshire - Feb 25 2010

US states struggle in the shadow of Greece
As protesters and strikers took to the streets of Athens this week demonstrating against cutbacks aimed at stemming the Greek debt crisis, questions were being asked in the US about whether similar financial stress could erupt in states there - Feb 25 2010
"YOU CAN'T HANDLE THE TRUTH", man on the street


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Pyramid Economy
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Political HumorVancouverage 2010

New US home sales fall to record low
Sales of new homes in the US unexpectedly fell in January, dropping to the lowest level on record, as government stimulus measures failed to spur purchases - Feb 24 2010