Los Angeles is one of the most difficult places for job seekers in the U.S. | Money & Company | Los Angeles Times
Global market turmoil hints that U.S. recovery may founder | McClatchy
Awww, man.
Conflicting U.S. jobs data and mounting concerns about debt defaults abroad that threaten global economic growth triggered a worldwide wave of stock-market volatility Friday amid fears that the improving U.S. economy could unravel.
A mixed jobs report from the Labor Department, including a revision that showed that 2009 job losses were far greater than thought, called into question the strength of the U.S. recovery.
via Global market turmoil hints that U.S. recovery may founder | McClatchy.
The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com
As a recent Congressional Budget Office report put it, “Recessions often accelerate the demise or shrinkage of less efficient and less profitable firms, especially those in declining industries and sectors.”
via The Growing Underclass: Jobs Gone Forever - Economix Blog - NYTimes.com.
Oregonians Vote to Raise Taxes on Rich, Corporations
Too bad it can't happen here.
Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services.
The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes on households with taxable income above $250,000, and Measure 67 sets higher minimum taxes on corporations and increases the tax rate on upper-level profits.
Watch as this story gets zero attention in the mass media. This is the first I'd even heard of the ballot measures, and I'm a pretty well-informed guy.
via Oregon voters pass tax increasing measures by big margin | Politics & Elections - - Oregonlive.com.
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values : The Implode-o-Meter Blog
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values : The Implode-o-Meter Blog.
Sweet.
SocGen Bearish: Putting It Mildly
Yikes!
Société Générale tells clients how to prepare for potential 'global collapse'
Realtors ponder bottom, bust and WalMart – Lansner on Real Estate : The Orange County Register
Realtors ponder bottom, bust and WalMart - Lansner on Real Estate : The Orange County Register.
FHA may be setting up repeat of housing bubble, lawmakers worry — latimes.com
FHA may be setting up repeat of housing bubble, lawmakers worry -- latimes.com.
Apartment Vacancy Rate Set to Break Record – The Home Front (usnews.com)
Apartment Vacancy Rate Set to Break Record - The Home Front (usnews.com).
Roubini says housing market hasn’t bottomed – Yahoo! News
Roubini says housing market hasn't bottomed - Yahoo! News.
