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25 Jun 2009 10:47

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Biz: Based on our GDP, the economy appears to be on the Atkins diet

  • -5.5% decline in GDP in the first quarter of ’09 source

24 Jun 2009 10:19

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Biz: People are buying more stuff they don’t have to replace immediately

  • +1.8% increase in durable goods in May source

23 Jun 2009 21:14

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Biz, U.S.: Ah, housing numbers. Per usual, they don’t make anyone happy.

  • +2.4% increase in sales of previously-owned homes in May, a number the National Association of Realtors say might be deceptive source

21 Jun 2009 11:58

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Biz: Want a loan in this economic climate? You must be this tall.

  • 720 credit score or higher to get a loan in this recession source

19 Jun 2009 14:47

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Biz, U.S.: Line up ten Californians. More than one of them is jobless.

  • 11.5% of Californians don’t have jobs; that’s a record source

18 Jun 2009 10:49

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Biz: This jobless number sounds good, but don’t be fooled

  • Unemployment insurance rolls dropped for the first time since January, dipping 148,000 – the biggest dip in seven years. source
  • Keep in mind that many of the people falling off the jobless rolls could merely be out of unemployment benefits. Oof. source

16 Jun 2009 10:31

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Biz: Lots of new houses were being built in May. A FREAKING TON.

  • +17.2% increase in housing starts in May; that’s a massive leap source
 

15 Jun 2009 17:49

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Biz: The stock market took a tumble, has a boo boo

  • -187.1 Point loss of the Dow today, caused by economic fears scaring investors like a bad horror movie source

15 Jun 2009 13:00

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Biz, U.S.: Obama: U.S. could go the way of GM with faulty health care

  • If we do not fix our health care system, America may go the way of GM — paying more, getting less and going broke.
  • President Barack Obama • Speaking to the American Medical Association today. A president claiming that the U.S. could go bankrupt for any reason is a big deal, and it’s an even bigger one when it’s because of health care. Wow. • source

12 Jun 2009 10:59

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Biz, U.S.: *POOF* A bunch of our wealth just disappeared recently

  • $1.3 trillion is completely gone from households in 1Q ’09 source