Mike: Update: The administration has reconsidered the auto bailout and granted a $17.4B loan. There must have been heavy political pressure to have them realize that this is in the best interest of the country. WASHINGTON (AP) — The Bush administration came to the rescue of the U.S. auto industry Friday, offering $17.4 billion in loans […]
Mike: The big unemployment news – initial claims – comes in at 554,000; an improvement but still at recession levels: Initial jobless claims drop more than expected, but layoffs continue amid recession WASHINGTON (AP) — Initial claims for unemployment benefits dropped more than expected last week, but mass layoffs continue amid a recession that appears […]
Mike: Unemployment’s affects on individuals and families can be severe. Those affects range from damaged self esteem to damaged finances. The following article contains some excellent information on how we are thinking as a country and how that translates to the actions we are taking as this recession unfolds: Job insecurity is at its worst […]
