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Originally posted by stander
Would this before-noon projection be overly optimistic?
The "good" news about lower-than-expected job cuts is further weighed down by revisions to June and July figures. The Labor Department now says the U.S. lost an additional 49,000 jobs in June and July.
"So in fact we're in a worse situation than people thought we were…slightly," says Justin Fox, the economics reporter for Time and author of 'The Myth of the Rational Market'.
Sept. 4 (Bloomberg) -- Supertanker owners may start refusing cargoes within the next three months unless rates return to a profitable level, said Frontline Ltd., the biggest operator of the ships which carry almost half the world’s oil.
Ship owners are contributing $942 a day toward fuel costs to ship Middle East crude, according to the London-based Baltic Exchange. Rates have been below operating costs since July. Should the losses persist, some owners may choose to idle their ships, according to Jens Martin Jensen, Singapore-based chief executive officer of Frontline’s management unit.
Originally posted by marg6043
People are becoming a burden to an already burdened government, states are running on empty and borrowing just like the Fed does to keep unemployment benefits going.
And the markets rally on this?.
Stocks rallied to the finish line Friday as tech stocks surged after some encouraging comments from Intel's CEO.
Investors breathed a sigh of a relief after the August jobs report, which showed the unemployment rate hit a 26-year high.
Failed Bank List
Vantus Bank Sioux City IA 27732 September 4, 2009
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $168 million.
InBank Oak Forest IL 20203 September 4, 2009
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $66 million.
First Bank of Kansas City Kansas City MO 25231 September 4, 2009
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $6 million.