Wednesday, July 09, 2008

More economic issues

CRACKDOWN: Fed plans new rules to protect future homebuyers...
Fed eyes extending emergency loans for Wall Street...

Oil down more than $9 in 48 Hours...

Pickens Sticks with $150 Oil...

The New Geography of Trade
North America Doesn't Exist

By Laura Carlsen

Fourteen years after implementation of the North American Free Trade Agreement, a majority of the population in all three countries believes the agreement has had a net negative effect on their nation and it turns out that the North American Free Trade Agreement is a misnomer in every one of its terms—it wasn't an agreement, it isn't free trade, and North America doesn't exist. So now what? Continue

Home Prices Fall in 23 of 25 U.S. Metropolitan Areas: 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.

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.

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.

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


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