Unemployment rate for June may have climbed towards 10%, loss of Nonfarm Payrolls increased in June
Fred Day
Jun. 28, 2009

The unemployment picture continues to worsen, although far less drastically than a few months back. The stimulus money is working to stabilize the economy but things do not look that great.

Unemployment rate for June may have climbed towards 10%, loss of Nonfarm Payrolls increased in June again. The payrolls report will show manufacturers slashed workers this month. The job reductions, layoffs, and plant shutdowns persists, reflecting the fallout from the bankruptcies of major US corporations.

The biggest threat is healthcare costs. Small companies are the major backbone of US corporations. That is where the biggest pain is. The Republicans who should have represented the small businesses, worked for the lobbyists and large corporations. The Democrats do not understand the pain of small business risk takers. America is helpless today because the politicians and the economic system failed.

Unemployment rate for June may have climbed towards 10%, loss of Nonfarm Payrolls increased in June
Fred Day
The unemployment picture continues to worsen, although far less drastically than a few months back. The stimulus money is working to stabilize the economy but things do not look that great.
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The next wave of financial meltdown about to start – small bank lining up for TARP funds
Joe Weinman
If the economy does not turn around, the next wave of financial meltdown will wipe out the financial infrastructure.
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Lantus diabetes drug was linked to an increased risk of cancer in studies in Germany and Sweden : European Association for the Study of Diabetes
Special Correspondent
European Association for the Study of Diabetes says Sanofi-Aventis SA’s Lantus diabetes drug was linked to an increased risk of cancer in studies in Germany and Sweden.
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Coca-Cola, Archer Daniels use lobbyists to stop Obama from financing a federal health-care overhaul using tax on sugared beverages
Marla Guthrie
President Obama is adamant on getting the healthcare reform complete. The money has to come from somewhere.
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Warren Buffett’s lunch meeting price points to a deep bear market for the rest of 2009
Peter Oberois
The steakhouse lunch with billionaire investor Warren Buffett sold for $1.68 million in an online auction to benefit a San Francisco charity, trailing last year’s record of $2.1 million by a staggering 25%.
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The highest savings rate in 15 years signaled consumers may pare spending in US – the housing recession, the loss of jobs having direct effects
Sam Adelton
The US Commerce Department reported that the savings rate among Americans reached 6.9 percent in May, the highest since December 1993...
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Brazil, Russia, India, and China start discussing removing US dollar as the world benchmark currency
Sagar Malhotra
It is a complex issue, says Indian Prime Minister Manmohan Singh.
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