Category: Economy

African-American Unemployment figures always masked by totals

African-American Unemployment figures always masked by totals

On Friday, the Labor Department released the unemployment figures for March 2009. Keith Hall -commissioner of the federal Bureau of Labor Statistics- made the following statement before the Joint Economic Committee of Congress. Labor market conditions continued to deteriorate in March. Total nonfarm payroll employment decreased by 663,000, and the...

Obamas take London by storm, IMF and N. Korean on agenda

Obamas take London by storm, IMF and N. Korean on agenda

The Obama’s are the talk of Great Britain, as the POTUS and FLOTUS met with Queen Elizabeth II and then Meet the Browns at 10 Downing Street. The President gifted an Ipod to the Queen, loaded with footage from her 2007 visit to the United States. This morning on CNN,...

Video:  Roller Coaster Model of Housing Prices

Video: Roller Coaster Model of Housing Prices

This is a pretty clever way to look at American Home Prices adjusted to inflation since 2007.  This video using a virtual roller coaster to represent home values was uploaded to YouTube exactly two years ago, before the housing market totally melted down. An updated version would have the roller...

President Obama lays out plan for ailing auto industry

President Obama lays out plan for ailing auto industry

In a statement directed at Americans nervous about the auto industry, President Barack Obama outlined his administrations further involvement in helping the struggling auto makers.  That includes the Obama administration forcing GM Chairman and CEO Rick Wagoner to resign. The President said that the plans formerly submitted by GM and...

Game Sold Not Told: Madoff’s $65 Billion Ponzi Scheme

Game Sold Not Told: Madoff’s $65 Billion Ponzi Scheme

BY JAMES “BIRD” GUESS Wall Street investor conman, Bernie Madoff, made off with billions of investor’s money and on December 10, 2008, he confessed to orchestrating an estimated $65 billion “ponzi scheme,” that is considered the largest act of investor fraud ever by a single person. On March 12, 2009,...

New York A.G. Andrew Cuomo: “A.I.G. made more than 73 millionaires”

New York A.G. Andrew Cuomo: “A.I.G. made more than 73 millionaires”

In an article by Louise Story of the New York Times, N.Y. Attorney General Andrew Cuomo says that seventy three people at AIG received at least $1,000,000 in bonuses. “A.I.G. made more than 73 millionaires in the unit which lost so much money that it brought the firm to its...

President Obama wants AIG bonuses back, Dow fizzles after mostly good news

President Obama wants AIG bonuses back, Dow fizzles after mostly good news

President Barack Obama was very clear about how he felt regarding recent reports of bonuses paid out at AIG (American International Group), that surfaced over the weekend. “This is a corporation that finds itself in financial distress due to recklessness and greed,” the President said in remarks made at the...

Congresswoman Eddie Bernice Johnson and Freedom Baptist Church present: Dallas Job Fair and Training

Congresswoman Eddie Bernice Johnson and Freedom Baptist Church present: Dallas Job Fair and Training

Congresswoman Eddie Bernice Johnson and Freedom Baptist Church will host a job fair and traning session in Dallas on Thursday. The event will be held at Freedom Baptist Church from 9 a.m. until 2 p.m. Dallas Job Fair and Training HOSTED BY: Rep. Eddie Bernice Johnson & Freedom Baptist Church...

John Stewart lampoons CNBC and Rick Santelli

John Stewart lampoons CNBC and Rick Santelli

The Daily Show With Jon StewartM – Th 11p / 10c CNBC Gives Financial Advice Daily Show Full Episodes Important Things With Demetri Martin Political Humor Joke of the Day It’s amazing how upset talk show hosts get when a guest cancels on them (remember David Letterman and Sen. John...

Affordable housing organization taking the lead in building homes, restructuring lives

Affordable housing organization taking the lead in building homes, restructuring lives

By Gordon Jackson It may be one of the greatest turn-a-rounds of an inner city community in the country. House by house, block by block, West Dallas is changing, distinctly for the better. A lot of determination and grit by several community and housing organizations and churches have served as...