Politicians Want to Use Tax Dollars to Crush Newer-Model Trucks and SUVs Senator Diane Feinstein (D-CA) and Rep. Henry Waxman (D-CA)Oppose S. 247 and H.R. 520SEMA ( Specialty Equipment Market Association) is opposing an effort by some Washington lawmakers to include a national car crushing program in the upcoming economic stimulus package. Vehicles targeted for [...]
Excerpt:DOBBS: (There is) seething anger tonight at the federal government’s utter failure to help homeowners in danger of losing their homes, even as the government is spending literally trillions of dollars to help out banks, investment companies. There were more than three million foreclosure filings last year, a million people foreclosed upon. Now, one lawmaker, [...]
Comment: The damage to businesses will be huge. Many are using their line of credit to buy goods and keep the doors open. These credit companies are taking the bailout funds and investing it into other countries because of the risk here. ( You will be hearing about these money movements in the future guaranteed!) [...]
On the job front, the Labor Department reported that the number of workers receiving unemployment benefits jumped 159,000 last week to 4.78 million, the most since the government began keeping records in 1967. As a proportion of the workforce, which has grown substantially since the 1960s, the number of people on unemployment was the highest [...]
The rules of technical analysis for this pattern are: Pennants are continuation patterns – that is, whatever direction the market is moving when it comes in, it will move when it comes out.The minimum target for the move is given by the length of the pole to which the pennant is attached.In this case the [...]
Ernesto Zedillo, the former Mexican president, said the United States “needs to show some proof they have a plan to get out of the fiscal problem.” (Scott Eells/Bloomberg News)World worries how U.S. will pay for stimulus By Nelson D. Schwartz Published: January 30, 2009 DAVOS, Switzerland: Even as the U.S. Congress looks for ways to [...]
‘Countries around the world are expressing grave concern’: PM Of Canada As passed by the House, section 1110 of the American Recovery and Reinvestment Act of 2009 says, “None of the funds appropriated or otherwise made available by this act may be used for a project for the construction, alteration, maintenance, or repair of a [...]
The gloom surrounding this year’s World Economic Forum descended into confrontation yesterday as international labour leaders launched a withering attack on the 1,400 business executives and 41 heads of government at Davos over what the labour leaders alleged was their failure to respond effectively to a deepening crisis of their own creation. Guy Ryder, the [...]
Huge crowds have taken to the streets in France to protest over the handling of the economic crisis, causing disruption to rail and air services.The head of France’s biggest union said a million workers had rallied to demand action to protect jobs and wages.But despite the show of public support, the strike appeared to be [...]
New Bank Bailout Has $2 Trillion Price Tag Thursday, January 29, 2009 8:10 AM U.S. government officials seeking to revamp the financial bailout have discussed spending another $1 trillion to $2 trillion to help restore banks to health, the Wall Street Journal said, citing people familiar with the matter. The paper said the Barack Obama [...]
