Some impeccable logic from Vice President Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’ [1]
From Greg C.: Foreclosures at record high in first half 2009 despite aid [2]
Frequent content contributor Karen H. sent the following items:
Port of Long Beach imports down 28.4% [3]
Foreclosures rise 15% in the first half of 2009 [4]
Dem health RX a Poi$on Pill in NY – Terrifying 57% Tax looms for biggest earner [5]s.
Social Security spends $700,000 on Phoenix Conference [6]
Industrial Production down 13.6% [7]
Map of Hardest Hit Regions of Unemployment in the U.K. [8]
CIT moving toward bankruptcy [9].
Verleger Sees $20 Oil this Year on ‘Devastating’ Glu [10]t “Crude oil will collapse to $20 a barrel this year as the recession takes a deeper toll on fuel demand, according to academic and former U.S. government adviser Philip Verleger.”
Items from The Economatrix:s
Food Prices Falling on US Stores [11]
The five latest failures: Bank of Wyoming Failed (#53), First Piedmont Bank (#54), BankFirst (#55), Vinyard Bank (#56), and Temecula Valley Bank (#57) [12]. Gee, and we’ve been told that Wyoming was one of the states hurt the least by the recession…