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18 Feb 2009 09:51

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Biz, U.S.: So, builders are building fewer houses. Who saw that coming?

  • 17% dip in housing starts in January – that’s a record source
Posted by Ernie Smith • 0 Comments • Permalink

17 Feb 2009 21:29

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U.S.: Which state economy is doing the worst? Easy. California.

  • Many, many problems California can’t get a state budget passed, they have a deficit of $41 billion, their governor is a former actor who doesn’t have any support in the state legislature, they’re laying off a bunch of people, and they have the worst credit of any state in the nation. Should we go on, guys? source
  • Many, many problems California can’t get a state budget passed, they have a deficit of $41 billion, their governor is a former actor who doesn’t have any support in the state legislature, they’re laying off a bunch of people, and they have the worst credit of any state in the nation. Should we go on, guys?
  • The budget crisis The California state legislature has been going at their budget for days, attempting to get a bill onto to Arnold Schwarzenegger’s desk. They keep getting distracted – today, they randomly honored Hudson Bay hero pilot Chesley Sullenberger. Um, can’t Sully wait for a couple days? source
  • Many, many problems California can’t get a state budget passed, they have a deficit of $41 billion, their governor is a former actor who doesn’t have any support in the state legislature, they’re laying off a bunch of people, and they have the worst credit of any state in the nation. Should we go on, guys?
  • The budget crisis The California state legislature has been going at their budget for days, attempting to get a bill onto to Arnold Schwarzenegger’s desk. They keep getting distracted – today, they randomly honored Hudson Bay hero pilot Chesley Sullenberger. Um, can’t Sully wait for a couple days?
  • And one jerk … … is trying to attach a bunch of unrelated junk to the budget bill, which is making things even more complicated than they already are. Republican State Senator Abel Maldonado is pushing for an open primary system, which Democrats don’t like. Dude, your economy’s about to implode! source
Posted by Ernie Smith • 0 Comments • Permalink

17 Feb 2009 21:08

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Biz, U.S.: General Motors has a plan, and that plan is drastic

  • 47,000 job cuts for the automaker, who will have to have their pampered senior executives make the cars at that rate source
Posted by Ernie Smith • 0 Comments • Permalink

17 Feb 2009 10:35

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Biz: Donald Trump’s company is doing so bad, he fired himself.

Trump Entertainment filed for bankruptcy today. Plus, he resigned from the board. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Feb 2009 22:07

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U.S.: Bill Clinton has harsh words for Time Magazine

  • Do any of them seriously believe if I had been president, and my economic team had been in place the last eight years, that this would be happening today? I think they know the answer to that: No.
  • Former president Bill Clinton • on being blamed, in part, for the economic crisis in a recent Time Magazine article • source
Posted by Ernie Smith • 2 Comments • Permalink

16 Feb 2009 22:03

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U.S.: If you were Bill Clinton, wouldn’t you complain, too?

  • 25 people got blamed for the economic crisis in a Time Magazine article source
Posted by Ernie Smith • 0 Comments • Permalink

15 Feb 2009 23:12

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Biz, World: Japan’s economy goes down the toilet :(

  • -12.7% decline in gross domestic product in the 4th quarter of 2008 source
Posted by Ernie Smith • 0 Comments • Permalink
 

15 Feb 2009 20:01

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Biz, U.S.: How nuts has the peanut salmonella crisis been?

Posted by Ernie Smith • 2 Comments • Permalink

15 Feb 2009 12:55

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Biz, U.S.: My, isn’t this auto industry quote dramatic

  • If we don’t beat the second half of 2008 this year, then it could be all over. We’re all going to be peeling bark off trees and go back to being an agrarian society.
  • Erich Merkle • An independent auto analyst, on the auto industry’s need to beat its dismal 2008 in 2009. Personally, we like farming. Give us a good mule and a way to cut through the soil, and we’re set for life! • source
Posted by Ernie Smith • 0 Comments • Permalink

14 Feb 2009 09:31

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Biz, U.S.: Obama has his stimulus package – he just needs to sign it

  • I will sign this legislation into law shortly, and we’ll begin making the immediate investments necessary to put people back to work doing the work America needs done.
  • President Barack Obama • During his weekly radio address, on the passage of the $787 billion stimulus package he pushed through Congress. He hoped to get bipartisan support but it didn’t happen, with the bill passing along party lines. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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