Tag: pt our flourishing economy

Stocks Collapse Everywhere In Reaction To World’s Ending

If you've been avoiding the Business News because maybe you don't want to know how badly your 401k just got radiation-sodomized, let's just bring you out of the fog and into the harsh light: Marketwatch reports: US stocks plunged deep into...

Obama Reveals New Budget That Won’t Be Approved

President Obama unveiled his 2012 budget proposal today, and everybody who pays attention to these things said, "Eh, too much/not enough." Even with the tax increases for the wealthy and the humble request that U.S. multinationals occasionally pay a...

This Mortgage Modification Story Is So Terrible Because It’s Probably Very Common

Like a lot of people in ridiculous housing markets a couple of years ago, Jeremy Fletcher of Northridge paid way too much for a house in the San Fernando Valley because that was the only way to buy a...

Collapse of World’s Governments Fuels Investor Concern

Ha ha, this is our attempt at a "business news" headline. (We were never very useful at the business desk.) But there does seem to be some investor concern, what with everything in free fall around the world and...

Hooray, the Super Rich Have Totally Recovered From the Collapse!

Have you been worried that maybe the super rich global elite has been suffering since the economic meltdown began three years ago? Well thanks for worrying, but they are doing just fine. Sure, there was a bit of turbulence...

Unemployment Drops As Americans Abandon Pointless Search For Work

Good news for the U.S. job market: The unemployment rate miraculously dropped from 9.8% to 9.4% in December, the biggest one-month drop in the official jobless rate since 1998! Coincidentally, this plunge in the number of Americans desperately seeking...

Republicans Intentionally Sabotaging Economy

Here's a fun mainstream opinion for your "Oh for chrissakes" files: The Week magazine says the GOP is intentionally sabotaging the American Economy so shit will be so bad in 2012, even Willow Palin's pot dealer will be a...

Most U.S. Unemployed Will Never Ever Find Work Again

Here's some cheery news from the Roosevelt Institute: "Starting at the beginning of 2009, it is now more likely that someone who is unemployed will drop out of the labor force than find a job." Uhh ... that's probably...

U.S. Consumer So Totally Screwed, Economists Say

It's a good thing Obama sort of halfway gave that Consumer Protection Bureau job to his alleged friend Elizabeth Warren, because it sort of sounds like these are terrible times for the Consumer -- who, by executive order, officially...

44 Million Americans Now Officially Living In Poverty

With one of every seven Americans -- and 20% of all U.S. children -- now officially impoverished, the nation is finally back to the official level of poors last seen during the 1992-1994 recession. Unofficially, the number is at...

Now Playing: Global Starvation Riots

Well, things may be bad, but at least we don't have massive worldwide food shortages and accompanying riots in poor countries ... oh wait, we do have that now? The New York Times reports: Food prices rose 5 percent globally...

Recession Makes Americans Kill Pets, Quit Having Kids

Not that you'd notice from the 40 million unemployed "workers" in this country, or the way all the houses in your neighborhood are being abandoned by night, or the miles of empty strip malls on the edge of every...

HMMM, WHAT WAS THE NUMBER FOR XINHUA'S HR DEPARTMENT AGAIN?: Exciting new unemployment numbers are out and they are bad! 83,000 private sector jobs were added (130 to 150K are needed just to keep up with population growth),...

Financial Reform/Communism Passes Senate, America Rich Again!

The financial reform bill passed the Senate! So exciting. "FinReg" is what people called it, on Wall Street and also on Capitol Hill. Both Chris Dodd and Barack Obama are very happy/proud. So what did they do, anyway? It's...

We’re Also Having Another Total Economic Collapse

Not to spread the funny news too thick today, but have you glanced at the business headlines? The stock markets have not reacted too well to the awful lack-of-employment numbers, with the Dow Jones Index plunging 325 points --...

Nobody’s Making the House Payment, Nobody’s Getting New Mortgages

Despite the complete recovery of the American Economy -- what, did you miss it? -- a record 14% of households with mortgages are currently delinquent. That's more than 7 million households. Another survey says 10% of all mortgages are...