America's Addiction to Debt Finally Crashes the System
Market evangelists created the wreckage, but ordinary working people will bear the greatest burden.
http://www.alternet.org/story/62787/
Almighty US dollar turns into 'American peso'
Since 2001 the dollar has lost more than half its value against the euro. It now costs nearly $1.40 to buy one euro. And it isn't just the euro that seems to be growing stronger against the US dollar. It has declined against many other major world currencies, and even including minor ones like our peso, reflecting the dollar's loss of purchasing power.
http://www.abs-cbnnews.com/storypage.aspx?StoryId=93050
Current Foreclosure Crisis Deemed the Worst in U.S. History
According to the most recent foreclosure numbers released by the Mortgage Bankers Association (MBA), the U.S. is embroiled in the worst foreclosure crisis in recorded history. More than 14 percent of subprime borrowers are defaulting, and prime borrowers are beginning to follow suit.
http://snipurl.com/1qx9d
Housing construction falls to 12-year low
Data indicate real estate slump is worsening
http://www.msnbc.msn.com/id/20868561/
Housing layoffs
Struggling companies in the mortgage and housing sectors have cut more than 80,000 jobs this year.
http://snipurl.com/1qx9l
Paulson Asks Congress to Lift Debt Limit: The limit is $8.965 trillion
Unless Congress votes to raise it, the country would be unable to borrow more money to keep the government operating and to pay debt obligations coming due.
http://biz.yahoo.com/ap/070919/debt_limit.html?.v=2
From Information Clearing House
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Paulson
http://www.alternet.org/story/62787/
Almighty US dollar turns into 'American peso'
Since 2001 the dollar has lost more than half its value against the euro. It now costs nearly $1.40 to buy one euro. And it isn't just the euro that seems to be growing stronger against the US dollar. It has declined against many other major world currencies, and even including minor ones like our peso, reflecting the dollar's loss of purchasing power.
http://www.abs-cbnnews.com/storypage.aspx?StoryId=93050
Current Foreclosure Crisis Deemed the Worst in U.S. History
According to the most recent foreclosure numbers released by the Mortgage Bankers Association (MBA), the U.S. is embroiled in the worst foreclosure crisis in recorded history. More than 14 percent of subprime borrowers are defaulting, and prime borrowers are beginning to follow suit.
http://snipurl.com/1qx9d
Housing construction falls to 12-year low
Data indicate real estate slump is worsening
http://www.msnbc.msn.com/id/20868561/
Housing layoffs
Struggling companies in the mortgage and housing sectors have cut more than 80,000 jobs this year.
http://snipurl.com/1qx9l
Paulson Asks Congress to Lift Debt Limit: The limit is $8.965 trillion
Unless Congress votes to raise it, the country would be unable to borrow more money to keep the government operating and to pay debt obligations coming due.
http://biz.yahoo.com/ap/070919/debt_limit.html?.v=2
From Information Clearing House
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Paulson
rudkla - 20. Sep, 11:12
