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06 Oct 2010 10:08

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Biz: September offered more good news for job growth (sarcasm)

  • 39,000 private sector job cuts (meh) source
Posted by Ernie Smith • 1 Comment • Permalink

05 Oct 2010 20:10

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Biz: Hey, stocks had their first really good day in a long while

  • 10,944 the Dow’s close at the end of today – after a huge gain
  • 11,151 the Dow’s close on May 3, the last time it was this high source
Posted by Ernie Smith • 0 Comments • Permalink

03 Oct 2010 11:37

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U.S.: Nevada is stuck in the abyss of recession with no way out

  • 3.8% the state’s unemployment numbers a decade ago – pretty good, right?
  • 14.4% the state’s jobless numbers now – and it’s even worse when you get to Las Vegas
  • 44 number of months the state has led the country in foreclosure numbers – nearly four years source
Posted by Ernie Smith • 0 Comments • Permalink

30 Sep 2010 11:04

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Biz: Bailout bonanza: AIG brokers a payback deal with the U.S.

  • 92.1%taxpayers’ upcoming stake in AIG
  • what The U.S. government will receive $62 billion in common shares of AIG stock to replace the $49 billion in preferred shares it currently has floating around.
  • why Because, over time, the government will be able to sell these shares and hopefully make back some of the billions it paid AIG during bailout-o-rama. source
  • » But wait, there’s more: AIG also plans to pay back $20 billion that it received from the Federal Reserve Bank of New York credit facility. An end result of all of this is that taxpayers will see an instant paper profit of $10 billion along with the long-term profits from the sale. Who wants to say “screw all those future generations” and grab a piece?
Posted by Ernie Smith • 0 Comments • Permalink

23 Sep 2010 10:23

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Biz: Blockbuster’s bankruptcy: Sorry, there’s something in our eyes

  • Let’s face it, this is the possible death of an American icon. Or at least a sign of the times. A once iconic business model – Blockbuster’s movie-rental biz – is facing a tough Chapter 11 challenge, in part because of the insane amount of debt it has. So now it’s going to try to fix itself. Good luck trying to survive with Netflix and Redbox in your face. Some numbers:
  • $1Bthe amount of debt the company has right now; time to reorganize!
  • $100Mthe amount of debt it plans to have after bankruptcy ends
  • 3,000 number of stores the company has; expect that to go down source
Posted by Ernie Smith • 0 Comments • Permalink

20 Sep 2010 12:29

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U.S.: Recession officially over, and it was a really long one, guys

  • 18 number of months the last recession, which officially ended in June 2009 according to this group, lasted
  • 16 number of months two previous postwar recessions, in the 1970s and 1980s, lasted source
Posted by Ernie Smith • 0 Comments • Permalink

03 Sep 2010 09:52

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Biz: Jobs grew, but the unemployment rate still rose

  • 9.6% the latest unemployment rate, which is an uptick source
  • Why the increase? Interesting reasons, actually; apparently, private-sector jobs actually increased. Unfortunately, government jobs continued to disappear.
Posted by Ernie Smith • 1 Comment • Permalink
 

26 Aug 2010 10:18

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Biz: New jobless claims not as awful as last week, still pretty awful

  • -31,000 the decrease in new jobless claims this week, which is minor, but positive, economic news
  • +3,250 the increase in jobless claims over a four-week period, which means we’re at a nine-month high source
  • » Protip on jobless claims numbers: They’re volatile and change from week to week, meaning the number that really matters is the more stable monthly figure.
Posted by Ernie Smith • 0 Comments • Permalink

24 Aug 2010 10:18

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Biz: Existing home sales, meet crapper: Sales hit lowest level in 15 years

  • 27.2% decline in existing home sales in July source
Posted by Ernie Smith • 2 Comments • Permalink

19 Aug 2010 09:36

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Biz: New jobless claims back up above the magical 500,000 mark

  • 500,000number of jobless claims last week, the highest level since November
  • 12,000the increase in claims from the previous week source
Posted by Ernie Smith • 0 Comments • Permalink
 
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