Why Any Recovery Will Be Jobless

//www.lewrockwell.com/orig9/nemko3.1.1.html

Central Banks Can't Stop Global Unraveling
//www.lewrockwell.com/spl2/global-unraveling.html

How Long Before You Wake Up, Politicos?
//www.lewrockwell.com/spl2/in-a-depression.html

Is the Current Recovery a Piñata With No Candy Inside?
//www.lewrockwell.com/higgs/higgs141.html

--------

A Deceptive Job Recovery -- Real Unemployment at 16.8%
//www.commondreams.org/newswire/2010/03/05-11

--------

Regulators close banks in four states

U.S. bank regulators closed four banks in as many states on Friday, bringing the number of failures so far this year to 26 as deteriorating loans continued taking a toll on financial institutions.

//www.reuters.com/article/idUSTRE6250DO20100306



15,000 S.F. workers given layoff notices

Newsom ordered the layoff notices be sent to most of the city's 26,000 workers and said the overwhelming majority of them will be hired back within two weeks to work 37.5 hours a week instead of their current 40 - meaning they'll see a 6.25 percent cut to their paychecks.

//www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/03/06/BAJ11CBKHJ.DTL



Jobless rates rose in every state in '09

The sharpest rise occurred in Michigan, where the average jobless rate for 2009 was 13.6 percent, up 5.3 points from 2008's average of 8.3 percent.

//www.bizjournals.com/charlotte/stories/2010/03/01/daily49.html



42nd US bank failure in '10 is South Carolina bank

Regulators on Friday shut down a bank in South Carolina, marking 42 bank failures in the U.S. so far this year amid mounting loan defaults, especially in commercial real estate.

//snipurl.com/vew1h


From Information Clearing House



//freepage.twoday.net/search?q=recovery
//freepage.twoday.net/search?q=real+estate
//freepage.twoday.net/search?q=layoff
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=jobless
//freepage.twoday.net/search?q=financial+institution
//freepage.twoday.net/search?q=central+bank
//freepage.twoday.net/search?q=bank+failure
//freepage.twoday.net/search?q=/nemko
//freepage.twoday.net/search?q=Karl+Denninger
//freepage.twoday.net/search?q=/higgs
//freepage.twoday.net/search?q=Americans+for+Democratic+Action

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