U.S. bankruptcy filings up 37% last month

U.S. consumer bankruptcy filings soared 37 percent in May compared with the same period last year, according to figures released Tuesday by the American Bankruptcy Institute.

http://snipurl.com/jdd2n



California will run out of cash in 14 days

The state wallet is empty. The bank closed. Credit has dried up, Gov. Arnold Schwarzenegger told lawmakers in a special Tuesday morning address at the Capitol.

http://www.bizjournals.com/pacific/stories/2009/06/01/daily23.html



State's unemployment fund short by billions

California is paying out so much for jobless benefits and collecting so little in payroll taxes that its unemployment insurance fund could be $17.8 billion in debt by the end of 2010.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/02/MNSG17UR5H.DTL


From Information Clearing House



http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=jobless

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