World-News

The Sacramento, California, region saw the biggest drop, with prices falling 31.7 percent from April 2007. Sacramento was followed by the Las Vegas area (29.9 percent), San Diego (28.1 percent), Phoenix (25.5 percent) and Los Angeles (23.4 percent), Radar Logic said.

http://tinyurl.com/6n5w7p



Long-term unemployment in the US climbs 37 percent in one year

The number of people out of work for more than six months has shot up by 37 percent since June of 2007, according to the Bureau of Labor Statistics.

http://www.wsws.org/articles/2008/jul2008/econ-j08.shtml



U.S. businesses file for bankruptcy at a faster rate

Bankruptcy filings in the U.S. during the month rose 33 percent from a year earlier and may surpass 1 million in a year for the first time since bankruptcy laws were tightened in October 2005.

http://www.iht.com/articles/2008/07/02/business/02bankrupt.php



Pension plans suffer huge losses

Report says weak markets, credit crunch have drained $280 billion from plans of largest U.S. companies.

http://tinyurl.com/5e977o


From Information Clearing House



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