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29 Dec 2009 10:23

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Biz: Consumers more confident, convinced they can do anything now

  • 50.6 the consumer confidence level in November; uhh, are we sure we can do this?
  • 52.9 the consumer confidence level this month; see, it went up! You can do anything, guys! source

23 Dec 2009 15:26

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Biz: Big banks pay back TARP, but small banks are simply screwed

  • 55 banks and other companies missed their TARP interest payments in November
  • 140 banks have closed this year, the most since 1992, which is depressing source

23 Dec 2009 13:49

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Biz: Wells Fargo: We don’t need your stinkin’ bailout money anymore

  • $25 billion goes back to the government ASAP source

23 Dec 2009 13:41

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Biz: Spending up, homes down: Our economy likes mixed signals

  • 0.5% increase in consumer spending in November alone
  • -11.3% decrease in new home sales; oh, how you tease source

23 Dec 2009 13:33

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U.S.: With no housing boom, people are leaving Florida and other states

  • What we have is a decade of a roller coaster in terms of migration. If you look at the middle part of this decade, Florida led the country in net domestic migration. Now it’s in the negative part of the ledger.
  • Brookings Institution demographer William H. Frey • Discussing how states experiencing huge growth during the housing boom – specifically Florida, but a few others too – have had people leaving en masse after the financial crisis dried up housing. Despite this, there is some silver lining to be found – the numbers mean that these states will be eligible for more political representation after the 2010 census. source

22 Dec 2009 08:57

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Biz: The not-so-incredibly-growing economy: It’s not as big as hoped

  • +2.8% the rate that the economy grew last quarter, according to numbers released last month
  • +2.6% the revised rate that the economy grew last quarter; we want our other .6% back source

18 Dec 2009 15:30

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Biz, U.S.: Most states say their unemployment numbers are going down

  • 36 states – and D.C. – say that things are getting better source
 

08 Dec 2009 09:59

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World: Looking to fend off recession, Japan pushes their own stimulus

  • $81 billion to help keep their economy afloat source

04 Dec 2009 10:09

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U.S.: Obama puts pressure on the private sector to start hiring again

  • While I believe that government has a critical role in creating the conditions for economic growth, ultimately, true economic recovery is only going to come from the private sector.
  • Barack Obama • Speaking at the jobs summit, which include more than 100 CEOs and other buisness and political leaders, about the private sector’s role in economic recovery. In other words, you bastards have to start hiring again if we’re gonna get out of this mess. source

02 Dec 2009 09:24

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Biz: Less bleeding in November, but still lots of unemployment

  • 130,000 jobs will likely have been lost in November – the lowest level seen since July 2008
  • 10.3% the current level of unemployment – a slight jump, but still the highest level this generation source