"The sky is falling! The sky is falling!" That sounds just like what all the media people are telling us these days. "Recession! Recession!" Calm down, Chicken Little! The sky is NOT falling. Everything will be okay. [ www.daveramsey.com ]
Sam submitted, made popular 6 years ago - (www.msnbc.msn.com) » 0 Comments
When you've lost almost half your business, even a little hop in activity can look like a huge leap. The Commerce Department said Tuesday that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units.
Bernanke said in a rare televised interview that while the U.S. recession will come to an end "probably this year," he warned the unemployment rate will continue to rise. See full story. The jobless rate, at its highest in over a quarter century, has been one of the key factors hurting consumer demand and sentiment.
According to media reports, Bernard L. Madoff is expected to plead guilty to eleven felony charges when he appears today in a Manhattan federal court. Madoff, whose massive Ponzi scheme led to a multi-billion dollar financial collapse, will now be counted among the most infamous of criminal investors.
Meager signs of life in the economy sparked another rally on Wall Street yesterday, but new data showed that markets have a long way to go to replace the vast wealth lost by Americans in recent months.
What does it say about our country that we have to hear the cold and hard truth from a comedian? Check out the video below as comedian Jon Stewart of the Daily Show interviews and exposes Jim Cramer - the self hyped investment and financial guru.
Help wanted: pharmacists, engineers and nurses. Believe it or not, even some banks are hiring, at least for their technology teams. While the recession has claimed 4.4 million jobs, the economy has created others, many of them for highly trained and specialized professionals. More than 2 million jobs openings now exist across a range of industries, according to government data.
Federal Reserve Board Chairman Ben Bernanke stressed Tuesday that major financial institutions would not be allowed to fail given the fragile state of financial markets and the global economy. In a speech in Washington, Bernanke repeated that a sustainable economic recovery will "remain out of reach" until the banking sector is stabilized.