In final report, federal debt commission warns of fiscal 'reckoning'
The bipartisan panel's recommendations include a cap on discretionary spending, Social Security reforms and an overhaul of the tax code. A final vote on the plan is set for Friday.
I posted this about last summer. Things have gotten worse. More folks out of work and 2 million folks to lose their unemployment benefits this month, 450,000 of them in California. In the post are just a few reasons why some folks are angry. I posted this once again. http://la-economy.blogspot.com/2010/07/why-are-american-people-mad.html
Stocks close sharply higher on signs of economic growth
Up today but down again soon as automated profit taking trading kicks in later this week and the real figures on hiring come to light after all the nonsense such as "seasonally adjusted" is laughed at and the 2 million folks falling off benefits are counted, 450,000 of the this month in California alone.
Don Petrosky Garza many folks are not gonna be able to pay their rent this month..
Myles Rose December is going to be a killer month for a lot of folks ... just in time for the holiday season. What a total load of garbage.
Max Buda These are tough days for individual traders/investors.
My AT&T blog is gaining traction with over 10,000 viewers since it was published. Just one more picture of why America finds it hard to compete in today's economy.
Turlock Journal - Cold weather shelter opens today http://t.co/prVF6G5 via @AddThis
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/12/AR2010111202857.html - death of the news?
http://www.csmonitor.com/Business/Robert-Reich-s-Blog/2010/1201/Sour-economy-could-put-Sarah-Palin-in-the-White-House?sms_ss=facebook&at_xt=4cf68037d116d519%2C0 and a few comment on
Sarah Palin in the White House:
Yeah. Seriously, if that happens, I'm leaving the country. I'll have no faith in my fellow citizens anymore.
That's not going to happen & I wish the media would just stop promoting it.
I'm inclined to think the same thing, Bob... but I thought the same thing about W.
Bernanke Tells Ohio Executives He's Concerned About Long-Term Unemployment - Bloomberg http://t.co/CyTfUHn via @BloombergNow
.... and if that is not enough ... latimes: Widow of 'Singing Cowboy' Gene Autry kills pedestrian while driving in Palm Springs http://lat.ms/h13ZlL
Europe's debt troubles deepen as investors flee bonds of Spain, Italy http://lat.ms/hfm1ND
It seems to me that the system is crashing down faster than the speed of a falling object under the pull of gravity. Watch the news on uemployment benefits? If you are in L.A. places like @URM may be your only safety net.
All the above happened or were reported in the last 24 hours. But wait ... it does not stop there...
From last night: Currently on the news. 2 million will loose unemployment benefits next month.
CA_EDD: Many unemployed workers may see new limits on unemployment benefits available due to federal extension deadlines. http://bit.ly/ia06OC
Cut-off of jobless aid would shrink economic growth and raise unemployment and poverty rates
Unemployment benefits for more than 100,000 people in both Kentucky and Indiana could run out in a matter of days if Congress doesn't act. Many people are filing for benefits, others are looking for jobs, but with the threat of benefits running out, tempers are flaring.http://www.wlky.com/r/25948793/detail.html
Euro zone unemployment rate at 12-year high
But it all started with some music and reflections of days past with my blog post prior to this one
There you go ... a bit of a weekly look at the nation through my eyes.