ST. PAUL, Minn. – Minnesota is deep in the hole financially, but the state still owns a premier golf resort, a sprawling amateur sports complex, a big airport, a major zoo and land holdings the size of the Central American country of Belize.Valuables like these are in for a closer look as 44 states cope [...]
Economic meltdown prompts protest in UkraineBy MARIA DANILOVA, Associated Press Writer – 2 hrs 13 mins ago KIEV, Ukraine – The currency has lost half of its value, tens of thousands face layoffs, residents in the capital are bundling up in winter clothes as the heat sporadically goes out and Russia is threatening to cut [...]
WASHINGTON (AP) – Democratic leaders in Congress decided Thursday to delay a vote to bail out automakers until December, according to officials, and will first demand the Big 3 companies show how the funds would transform their beleaguered industry. An announcement was expected later in the day, these officials said. They spoke on condition of [...]
GM Cut to `Sell’ at Deutsche, With Target of Zero (Update1)By Sarah Thompson and Sarah Jones Nov. 10 (Bloomberg) — General Motors Corp. was downgraded to “sell” at Deutsche Bank AG, which set a share-price estimate of zero, and was cut to “underweight” at Barclays Capital. GM fell 12 percent to $3.83 at 8:55 a.m. [...]
FROM CNN: GM, world’s largest carmaker, reports $4.2 billion loss and warns it is running out of money. Ford: Massive loss, job cutsDetroit under siege: Ford auto unit burns through $6.3 billion and cuts 2,600 hourly workers. US STAT:Jobs lost in 2008: 1.2 millionPayrolls shrink by 240,000 in October, 10th straight month of cuts. Unemployment [...]
FROM CNN: GM, world’s largest carmaker, reports $4.2 billion loss and warns it is running out of money. Ford: Massive loss, job cutsDetroit under siege: Ford auto unit burns through $6.3 billion and cuts 2,600 hourly workers. US STAT:Jobs lost in 2008: 1.2 millionPayrolls shrink by 240,000 in October, 10th straight month of cuts. Unemployment [...]
Financially troubled plants are being abandoned by the boss, leaving behind unpaid workers and debts.By Don LeeNovember 3, 2008 Reporting from Shaoxing, China — First, Tao Shoulong burned his company’s financial books. He then sold his private golf club memberships and disposed of his Mercedes S-600 sedan. And then he was gone. And just like [...]
Here is a list of Retail stores closing, is your favorite store here? This is quite scary folks! Ann Taylor closing 117 stores nationwide. Eddie Bauer to close more stores after closing 27 stores in the first quarter. Cache, a women’s retailer is closing 20 to 23 stores this year. Lane Bryant, Fashion Bug, Catherines [...]
1. Bankruptcy Attorney/Trustee/Advisor-Financial crisis advice for the bankrupt investor/home owner and average worker (with credit left)2. Pawn Shop Attendee-Grab valuable items and give them little cash for their efforts3. Government Worker-Make useless cash bring it home and burn it to keep warm4. Tent Salesman- Sell tents for the upcoming tent cities that will be springing [...]
FOAF just said Pilgrims Pride had two days worth of feed remaining. There could be a market flooded with chicken and low prices, quickly followed by skyrocketing prices. Lots of jobs will be lost also as neither Tyson or Waynes Farms would be able to take up all the slack. Talking about a coming depression! [...]
