great recession
Oh goody,the new Xmas Survey from Grandparents.com (?) has arrived in the Email: “Santa’s sleigh is going to be a lot lighter this year, according to a new survey by Grandparents.com. Forty-three percent of parents and grandparents surveyed will buy fewer gifts than they have in the past, and a whopping 90 percent plan to [...]
After dropping like a stone for the past three or four years, existing home prices in the United States went up a little teeny tiny bit in the second quarter of 2009. HOORAY WE CAN REFINANCE OUR WAY TO HAPPINESS AGAIN! So, the sales price of American houses went up by 2.9% between April Fools [...]
Some math wizards down in Texas have come to an incredible conclusion: What with 6.5 million lost jobs since this Hellcession began, there’s less rush-hour traffic. HEY THAT ALMOST MAKES A CRAZY KIND OF SENSE. But the news isn’t all good.
It’s official for Sad America: As the economy shrunk another 6.1% in the first quarter of 2009, the total GDP loss for this recession (so far!) is 3.3%, making this the worst recession since the legendary “Elvis Downtown” of 1957-58. And there’s only one economic collapse larger than our current horror: the Great Depression of [...]
Not that we should put much faith in what Professional Auditors say, but a terrifying new report predicts that a fourth of America’s remaining publicly-traded companies may be gone by the end of the year. This means 3,600 shareholder-owned businesses are in “going concern” territory, or in serious danger of failure in the next 12 [...]
Jesus christ, this whole country is drowning in its own blood. We take a day off — the Sabbath — and there are another half-dozen gruesome murders or murder-suicides. Cops and the families of the killers seem to be particularly common targets. We don’t recall Homicidal Frenzy as being a normal part of, say, the [...]
It’s another new new unemployment record, America! The happy month of March saw 669,000 U.S. jobs vanish, bringing the jobless rate up to 8.5% — the highest since the end of Reagan’s Lil’ Depression at the end of 1982. About 5 million jobs have now been lost in this current Great Recession. And stocks are [...]
These supposed Christians made a mockery of their faith in October, when they cavorted about this golden idol of mammon, the Molten Calf of Wall Street, because obviously the best way to head off a global recession is to sing God Bless America to a statue of an animal. What has happened since these idolaters [...]
Ever get the feeling that your country has become one of those places where this kind of thing is always making it to the nightly news in rich countries? [Political IQ]
The Czech government collapsed, which means current prime minister — and current president of the European Union, whoops! — Mirek Topolanek is now powerless and will soon be jobless, but that doesn’t mean he can’t deliver an apocalyptically Slavic-ly gloomy sermon against the United States and its terrible bailout plan, which is just like the [...]
Somebody give Jim Cramer his golden dildo back, and let Larry Kramer out of the shit-cage where he sleeps, because the Stock Markets had a great big rally! Everything is good again! The U.S. markets were all up up up about 7% all the way around, which means the Dow is right back to, uhm, [...]
Bob Dylan’s got a new record coming out next month, and you should be terrified. Yes, the dude continues to make great music, but his past two studio albums were also Harbingers of Doom. Love and Theft was about America in flames, and then under water, and it was recorded in 2001 and released on [...]
Here, watch this, and maybe you too can someday see why it is funny to tag the AIG flogging liveblog with “bonus army.” Ugh.
FUN RECESSION NEWS: A half-dozen AM-radio wingnuts have lost their shows/jobs in California, because nobody’s listening and there are no ads. [Fishbowl LA]
