Posts Tagged ‘Bankruptcy’
GM / Chrysler Updates May 29, 2009
May 29, 2009Anatomy of an economic meltdown
May 19, 2009Updates: April 24, 2009
April 25, 2009International Monetary Fund Says World Economy Will Shrink This Year
Voice of America – USA
A new report by the IMF estimates that the world economy will shrink by one
and three-tenths percent this year. That would be the worst performance in
more …
Economic outlook remains bleak as world leaders gather
USA Today – USA
As the world’s finance ministers and central bank chiefs descend on
Washington for this weekend’s annual meeting of the IMF and World Bank, …
By Chris Isidore, CNNMoney.com senior writer
Last Updated: April 24, 2009: 6:13 AM ET
NEW YORK (CNNMoney.com) — Chrysler LLC faces the most difficult, and important, week in its 84-year history as the automaker tries to close three difficult deals in order to avoid bankruptcy
Economy contributing to abuse hotline calls
March 23, 200910:02 PM CDT on Sunday, March 22, 2009
By DEBRA DENNIS / The Dallas Morning News
debdennis@dallasnews.com
At SafeHaven Tarrant County, the phone lines are jumping with calls these days. Most are queries about the domestic abuse agency’s services. Others are hysterical calls from battered spouses in fear for their lives.
SafeHave n received 23,080 calls in 2007. That figure jumped to 41,774 in 2008.
The faltering economy, said agency officials, is a big reason for the bump. Increased job losses, bankruptcies and foreclosures all contribute to higher domestic violence.
I figured it would be only a matter of time before this headline made its way into the news. Any psychologist would tell you that as times get harder the abuse factor also goes up! This sort of thing is also far more prevalent among the poor who have no financial safety net to fall back on. As the times get harder the ranks of the poor will increase and so will the abuse. This goes hand in hand with the national increase in medication for stress, depression, insomnia, fatigue, etc., etc. Just take a look at this AARP Bulletin: Mental stress spirals with economy
The headlines of sudden violent acts has in fact been increasing. You have only to look at the news and weekly there are reports of some individual killing his family because he lost his job. There have been several in the past months that have garnered national attention.
These sort of headlines actually come hand in hand with the deteriorating economy and will continue to do so. No doubt once the economy begins to get better there will be a high rate of addiction related problems as the aftermath of the economic crisis.
Annus Horribilis Peaks in Anxiety for Global Economy (Update2)
December 16, 2008Well the economic forecasters are coming out in droves as the economy keeps going down the drain. Bankruptcies continue to rise. Unemployment is worse than it looks. FDIC Chairman warns more bank failures coming. And last but not least Detroit is in Purgatory…
Annus Horribilis Peaks in Anxiety for Global Economy (Update2)
Big Three CEOs Flew Private Jets to Plead for Public Funds
November 20, 2008Boy, How Dare They!
They are using scare tactics saying that refusal to bail them out could bring about a Depression! People, we are headed to a Depression any way you look at it so why should we bail them out? We have our own problems. As one of the congressmen pointed out, Why don’t they sell their Private Jets and fly back in coach? Let them apply for bankruptcy like everybody else! What, they don’t like the idea of being economically challenged? Boy, Give Us A Break!
You can go Here for the shocking news of the encounter in Congress and Here!
Let Detroit Go Bankrupt
“Detroit needs a turnaround, not a check.”
The British tried a bailout when their auto industry was in trouble and that didn’t work. They threw billions at the problem only to have them come back asking for more!!! Check it out here: How billions failed to fix UK’s car industry
Hunterseekers The Next Great Economic Depression 