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Economic Tip: Be Realisitic and Stop Waiting for a Miracle

2,755 views · Published 9 February 2009 · 7:29 · Indexed 6 November 2026

Channel: DEMCAD · 2009 · News & Politics

The government has no idea how to deal with this economy. The problem is too big.

Economy sheds 598,000 jobs in January, most since 1974
-unemployment rate to 7.6 percent
-highest level in 16 years
-underemployment?
http://www.chicagotribune.com/business/chi-sat-economy-jobs-feb07,0,1169530.story


As Layoffs Surge, Women May Pass Men in Job Force 
-full 82 percent of the job losses have befallen men
-manufacturing and constructioN
-women will get hit when commercial real estate and retail tanks
http://www.nytimes.com/2009/02/06/business/06women.html?ref=business


California Scrambles to Prepare for Furloughs
-Gov. Arnold Schwarzenegger 
-90% of CA's 238,000 state employees took Friday off. (MANDATORY)
http://www.nytimes.com/2009/02/06/us/06furlough.html?ref=us


Two banks in California, 1 in Georgia are closed
FirstBank Financial Services (GEORGIA)
-$337 million assets


Alliance Bank (CALIFORNIA)
-$1.14 billion in assets

County Bank
-$1.7 billion of assets
http://www.marketwatch.com/news/story/two-banks-california-one-georgia/story.aspx?guid={0ADB4918-43F9-46A3-8EDD-19A2503A81B3}&dist=msr_2

Economic Tip: Be Realisitic and Stop Waiting for a Miracle

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