Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

24 Mar 2010 10:47

tags

Biz: Must’ve been the snow: New home sales unexpectedly fall

  • 2.2% dip in new home sales in February source
Posted by Ernie Smith • 0 Comments • Permalink

16 Mar 2010 10:58

tags

Biz: Blame the snow: New home-building way the frack down

  • 5.9% dip in new housing starts (stupid snow) source
Posted by Ernie Smith • 0 Comments • Permalink

13 Mar 2010 12:32

tags

Biz: Bank closings didn’t stop just because of a new year!

  • 140 number of banks that closed in 2009, that’s a depressing record
  • 30 number of banks that have closed already in 2010, which is high
  • 152 number of banks that could close this year if that rate keeps up source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2010 10:32

tags

Biz: Lehman Brothers’ poison of choice named Repo 105

  • Among the toxins discovered was something called Repo 105. … Even if Repo 105 wasn’t lethal it was certainly poisonous.
  • Reuters columnist Antony Currie • Regarding the accounting trick that seems to have done in Lehman Brothers, among other things. An autopsy of the company’s corpse suggests that many of the top leaders – including CEO Richard Fuld – were responsible for a culture of ineptitude that allowed the company to fall apart, especially in its last year. Need a face for the financial crisis? Here’s a good one. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Mar 2010 10:12

tags

Biz: Unemployment: New jobless claims down, old ones way up

  • -6,000 decrease in jobless claims this week, which is fairly modest
  • +37,000 increase in continued claims this week, which is high source
Posted by Ernie Smith • 0 Comments • Permalink

10 Mar 2010 23:18

tags

Offbeat: Airline rewards points during recessions a new kind of currency

This poor guy doesn’t have an address or a job, but he does have thousands of rewards points saved up, which means he can stay at hotels for (almost) free. source
Posted by Ernie Smith • 0 Comments • Permalink

09 Mar 2010 10:38

tags

Biz: Nest eggs for retirement aren’t exactly first priority for workers

  • 43% of workers have less than $10k saved up source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 Mar 2010 10:41

tags

Biz, U.S.: Unemployment still sucks, but it’s not worsening

  • 9.7% jobless rate, the same as
    it was last month source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2010 10:58

tags

Biz: Road to recovery? Jobless claims drop, productivity way up

  • -29,000 the dip in new jobless claims last week, to 469,000 (this number had been affected by bad weather)
  • 6.9% the rise in productivity in the fourth quarter – more than previously forecast source
Posted by Ernie Smith • 0 Comments • Permalink

22 Feb 2010 09:42

tags

U.S.: Some people in this recession lose jobs, never get them back

  • 6.3 million long-term unemployed as of January; Jesus source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>