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2009 Depression Validated

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posted on Apr, 1 2009 @ 09:34 PM
Headlines for April 2nd 2009

Geithner: U.S. bears ‘responsibility’

China Boosts Yuan Swaps, Store Payments as Dollar Concern Grows

100,000 fewer online job ads posted in March

What to do when you can’t pay your tax bill

Kinder evictions in Illinois county

Social Security clogged with disability claims

For laid-off, a lesser problem: What to do today

[edit on 4/1/2009 by Hx3_1963]

posted on Apr, 1 2009 @ 09:39 PM
[edit on 4/1/2009 by Hx3_1963]

posted on Apr, 2 2009 @ 10:14 AM
G20 Communique statement

G-20 Leaders to Channel $1.1 Trillion in Aid, Draft Text Says

Greenberg Calls AIG Bailout A "Failure"

Home-Equity Loan Delinquencies Hit Record on Job Cuts, Deepening Recession

UPDATE 2-U.S. consumer loan delinquencies highest on record

Jobless Claims Jump 669,000; Total At 5.7M

More U.S. workers worried about layoffs: survey

UPDATE 1-Parts shortage idles second Chrysler Canada plant

Costco to close Home stores due to slowdown

UPDATE 1-RESEARCH ALERT-Credit Suisse cuts 3 homebuilders

UPDATE 3-Rite Aid posts loss, explores refinancing options

Moody's cuts Salem Communcations CFR to B3

Orix Borrows From State to Combat Financial Crisis, President Yanase Says

More Than 30,000 Japanese Committed Suicide in 2008, Police Agency Says

Aviva to Cut 1,100 Jobs at Norwich Union, Drawing Condemnation From Union

As Many as 12,000 Latvian Teachers Protest Government Proposal to Cut Pay

Mexico's Economy Will Shrink 2.8% in 2009 as Crisis Deepens, Ministry Says

Japan Asks Urgent UN Response to North Korean Missile (Update2)

One in 10 Americans receiving food stamps

[edit on 4/2/2009 by Hx3_1963]

posted on Apr, 2 2009 @ 03:50 PM
Just a reminder to stock up on natural remedies.

About 35 Ohio hospitals are planning layoffs sometime in the next six months, according to a survey by the state’s hospital trade association. The results were part of the Ohio Hospital Association’s HealthBeat newsletter, which said about one-third of respondents were planning employee cut-backs. A total of 110 of the association’s 174 members responded to the survey. The association did not know how many layoffs were planned and would not provide a list of hospitals that said they were planning layoffs.

also 20% - getting up there.

Jobless rate tops 20% in Martinsville
Thursday, April 2, 2009

By MICKEY POWELL - Bulletin Staff Writer More than one-fifth of Martinsville’s labor force is unemployed as the city’s jobless rate reached a record 20.2 percent in February, Virginia Employment Commission (VEC) figures released Wednesday show. Henry and Patrick counties, as well as the city, saw sharp increases in their jobless rates, the figures reveal. Martinsville once again had the highest unemployment in the state — a distinction it briefly lost in January.

[edit on 2-4-2009 by spinkyboo]

posted on Apr, 2 2009 @ 05:23 PM
Gold prices may fall as G20 wants IMF to sell precious metal

G20 supports IMF's plan to sell 403 tons of gold

[edit on 4/2/2009 by Hx3_1963]

posted on Apr, 2 2009 @ 08:46 PM

Thur 4-2-2009

MPG -50 Creative Memories -50
Richmond Times-Dispatch -59
Hogan Hartson Law Firm -93
Berstein-Rein In Kansas City -10
Kohler Co. -455
Law Firm Mayer Brown -135
BF Goodrich Tuscaloosa -50
Taylor Made Glass Systems -78
US Postal Service -1,490
Suzuki USA -475
City of Worcester -308
Maysteel Closing Plant-89
107 Hospitals Layoff 50 or More
UTMB Galveston -3,800
NC State University -150
Klockner Pentaplast -38
Nippon Paper Mill Furloughs -75
Bombardier Aerospace -3,000
Misc. Solar Jobs -700 - Shouldn't solar jobs be important about now?
Buzz Media -15
City of St. Petersburg -10
Flint Michigan Schools -257
AIG Cuts At 38 Locations -580
i Crossing -30
Banc of America Securities -12

TOTAL - 12,050+

posted on Apr, 3 2009 @ 01:09 PM
Headlines for April 3rd 2009

Congress approves budget plans, long road ahead

Fed to use all tools to stabilize markets: Bernanke

Treasuries Tumble as Traders Shift Focus to Record Debt Supply From Jobs

Fed Struggling to Win Over Investors Wary of `Sharks' in TALF Aid Program

Bair pitches hedge funds on bank plan

SEC Said to Weigh Two Plans for Short-Selling Curbs Amid Lawmaker Pressure

Hedge Funds Get Earful From Clients About Fees, Withdrawals

Jobless rate hits 25-year high

U.S. economy sheds 663,000 jobs

GM, Chrysler Bankruptcy Risk Prompts Parts Suppliers to Embrace U.S. Aid

AMR, U.S. Airlines May Struggle for Credit as Rates Rise Amid Travel Slump

FASB Shift Won't Spur Bank Rally Because of Loan-Loss Growth, Goldman Says

Bailed-out banks may buy toxic assets: report

Calpers Bet on Apollo Sours as Private-Equity Firm Tries to Salvage Deals

Correction: Moody's may cut Bank of America covered bonds

Moody's cuts BMW Bank of North America

Moody's cuts Genworth debt to lowest investment grade

Moody's rates Frontier Communications notes Ba2

Ackman stumps for General Growth bankruptcy

Prime U.S. Mortgage-Loan Default Rates Doubled in 2008 as Credit Tightened

Failure Rate Rises on Mortgages Revised in Late 2008, U.S. Regulators Say

U.S. property bust threatens condo "death spiral"

Citic Pacific Raided by Hong Kong Police in Conspiracy Probe; No Arrests

Toyota `Shocked' by Credit Markets, Borrows From Japan to Fund U.S. Sales

Shanghai Prime Office Building Vacancy Rate Rose to 4-Year High in Quarter

Indonesia Cuts Benchmark Rate for Fifth Month to Sustain Consumer Demand Indonesia’s

Malaysia Exports Fell a Fifth Month in February, Longest Slump Since 2002

Kazakhstan's Biggest Bank May Fail After Bailout, Former BTA Chairman Says

OTP Annual Net Declines 21% After Serbian, Ukrainian Writedowns Increase

WRAPUP 2-ECB almost at rate floor, other moves in focus

ECB Faces Day of Reckoning as Trichet Says New Tools May Come Next Month

Ireland's Economy to Shrink as Much as 12% by 2010, Central Bank Forecasts

Euro-Area Ministers Give France Three Years to Get Deficit Below EU Limit

Airbus May Fail to Meet Goal for Double-Decker A380 Deliveries This Year

HSBC Luxembourg Unit Sued by Herald Fund Over Losses on Madoff Investments

Hypo Real Nationalization Moves Closer as Flowers Demands Equal Treatment

Merckles' Banks Extend Bridge Financing as Family Prepares to Sell Assets

Government May Cut Car-Scrapping Incentive After Reviewing It Next Week

MAN May Make More Spending Cuts as Truck Sales Drop 50%, Samuelsson Says

Merck KGaA to Reduce Hours for Some Chemical Workers as Recession Kicks In

DSG to Close Eight PC City Stores in Sweden, Markantalo Outlets in Finland

Canada's Dollar Depreciates as U.S. Unemployment Rate Increases in March

Sell Rand and Canadian Dollar If Gold Falls, BNP Paribas Analyst Says

Colombian Central Bank Says Economy Is Slowing More Than It Anticipated

General Motors South Africa Will Cut 700 Jobs by June as Car Sales Slump

South African Airport May Be Sold to Foreign Investors, Business Day Says

De Beers Halts Diamond Exploration Project in Congo Amid Declining Prices

North Korea readies rocket for launch

[edit on 4/3/2009 by Hx3_1963]

posted on Apr, 3 2009 @ 01:17 PM
reply to post by Hx3_1963

1982 saw 9.7 % unemployment

your opinion , we going to hit that ?

posted on Apr, 3 2009 @ 01:43 PM
reply to post by Seany

"They" are saying that "they" expect unemployment numbers to rise to 8.7 percent - and then... stop.
Hmmm. Really? We will see.

posted on Apr, 3 2009 @ 02:06 PM
reply to post by Seany
Ahhh...we're already above that...

10+ States over 10% now...12%+ here in Michigan...

They just publish what they want you to see...

posted on Apr, 3 2009 @ 02:15 PM
reply to post by Hx3_1963

None of the "official" numbers can be trusted.
This is MSNBC and even these people are reporting larger - depending
on what you consider unemployed.

If part-time and discouraged workers are factored in, the unemployment rate would have been 15.6 percent in March, the highest on records dating to 1994, according to Labor Department data released Friday.

[edit on 3-4-2009 by spinkyboo]

posted on Apr, 3 2009 @ 02:17 PM
Obama Bank Policy Signals $1 Trillion in Writedowns (Update1)

Senate OKs measure calling on Fed to name firms

Gordon Brown's G20 deal will not save British jobs, warns Alistair Darling

G20: Russia won't fund $1.1 trillion summit deal

UK firms' Q1 credit costs rose despite lower rates-CBI

Chrysler debts come back to haunt banks

FedEx confirms 1,000 layoffs

Small businesses hurt by supplier credit drop: UBS

FHA program strained by record loan defaults

U.S. Office Vacancies Hit 15.2% -- and Rising

Activists protest bailouts near Wall Street

New York Times threatens to shut Boston Globe

[edit on 4/3/2009 by Hx3_1963]

posted on Apr, 4 2009 @ 12:17 AM

Fri 4-3-2009

Johnson Controls Update -10
Plants Yellow/Roadway Trucking -600
FedEx Salaried Workers -1,000
Rockingham Sheriff's Office -10
Hamilton Sunstrand -300
Shipman and Goodwin Law Firm -26
Bowling Green State Univ. -15
MKS Instruments -370
Law Firm Edwards Angell -9
Domtar Shuts Mill For 10 Weeks -500
Dell -50
B and C Corp. -142
APAC Customer Services -95
Sherwin Williams Closing Plant -120
Acadian Asset Management -16
IFAS -93
Cannondale Bikes -200
FisherCast -4
TV Stations KMPH/KFRE -22
Winnebago County Govt. -48
Bloomsburg Mills Closing 2 Plants -226
John Zink -63


TOTAL - 3,900+

posted on Apr, 4 2009 @ 12:24 AM
Headlines for April 4th 2009

Britain 'should not fear asking for IMF cash'

RBS needs five years

Investors Asked to Stop Focusing on Bank’s Mistakes

Chip Maker Sues Banks Over Securities

Stimulus Boost For Food Stamp Recipients

$500K homes going for $200,000

N.Y. State Passes $131 Billion Budget

Obama’s Farm Subsidy Cuts Meet Stiff Resistance

Thousands Join Anti-Government Rally in Ukraine

Spain's Economic Outlook Grimmest in Europe

Making Ends Meet in the Great Depression

Nonprofit Theaters Say Next Season May Be Their Toughest Yet

[edit on 4/4/2009 by Hx3_1963]

posted on Apr, 4 2009 @ 12:27 AM
reply to post by Hx3_1963

Wow - 1 out of 10 on food stamps.
That's hard to believe.
That's scary.

posted on Apr, 4 2009 @ 12:35 AM

posted on Apr, 4 2009 @ 12:41 AM
reply to post by spinkyboo
Star 4 U!

Yeah scary is right...and now they're talking about cutting farm subsidy's...

Heck of a time to cut, just when we need it most and numbers are increasing...

@ Tentickles: Star 4 U!
Just for stopping by and adding...

posted on Apr, 4 2009 @ 01:51 AM
U.S. May Keep Losing Jobs in Coming Months, Extending Worst Postwar Slump

Unemployment May Make America as Grim as Thatcher's Britain: Chart of Day

Summers Earned Millions in Salary From D.E. Shaw and Bank Speech Payments

Bernanke, Kohn Pledge Fed Will Withdraw Emergency Credit When Crisis Wanes

Treasuries Slide as Traders Focus on Record U.S. Debt Supply

Banks could bet on toxic assets with taxpayers' money

UPDATE 2-Lawmaker sees Fannie, Freddie bonus "insult"

Banks resisting pressure to swap debt for stock-WSJ

Obama and GM investors play high-stakes game of chicken

GM CEO says bankruptcy will be fast if needed: report

American, US Air May Struggle for Financing as Rates Rise in Travel Slump

Shrinking airlines park more planes in the desert

Texas Rangers Baseball Team Owner Hicks Defaults on $525 Million of Loans

Apollo Taps Calpers for Biggest Distressed Leveraged Buyout Investments

Prada May Reorganize $1.6 Billion Debt to Fund New Stores as Sales Suffer

Elpida to post $1.6 bln loss for 2008/09 - Nikkei

Lebedev to Cancel $1 Billion Airbus Order as Germany Pulls Airline License

Intel's `Unthinkable' Exit Leaves Filipino Chipmakers, Cooks Without Jobs

European Finance Chiefs Say ECB Doing What It Can to Fight the Recession

EU Bank Revamp Spurs U.K. Resistance to Ceding Power (Update1)

EU Urges Mark-to-Market Overhaul to Avoid Banks at Disadvantage With U.S.

Jose Manuel Barroso warns millions more Europeans will lose their jobs

Europe to Lag Behind in Economic Growth, Goldman’s O’Neill Says

U.S. envoy says Darfur on brink of deeper crisis

NATO Protesters Torch Buildings, Clash With Cops

French Police, Protesters Clash During NATO Summit (Update1)

Italians Rally in Rome to Protest Economic Policies (Update1)

Italian Union Says 2.7 Million Protesters in Rome, AP Reports

U.S., Mexico to Form Border Group to Fight Drug Cartels

Building Stadiums in Deep Recession

Saks will pass on lower prices for luxury brands

Intermission on Broadway?

Harvard May Cut Capital Spending on Expansion by 50% as Endowment Declines

[edit on 4/4/2009 by Hx3_1963]

posted on Apr, 4 2009 @ 03:17 PM
Estimated U.S. taxpayer cost for bailout jumps

Recession persists, but jobless benefits ending

Britain heading for the IMF - official

Britain should not fear asking for IMF cash

Banking-Rules Overhaul in EU Stumbles as Britain Objects to Ceding Power

EU Finance Chiefs Defend Stimulus Efforts Amid Labor Protests, Kidnapping

Hard Economic Times Force States to Soften Crime Laws

North Korea appears to launch rocket: Japan

North Korean rocket passes over Japan - Tokyo

[edit on 4/4/2009 by Hx3_1963]

posted on Apr, 4 2009 @ 03:57 PM

U.S. congressional budget analysts have raised their estimate of the net cost to taxpayers for the government's financial rescue program to $356 billion, an increase of $167 billion from earlier estimates.

They are so full of it. 356 billions? Yeah right. Make it 12.7 trillions and going up fast.... they won't repay those loans. Why? Because the derative bubble is much bigger and the money is being transfered to other banks outside US jurisdiction in Europe... This is a big scam.

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