Page 1 of 2 12 LastLast
Results 1 to 10 of 18
Like Tree2Likes

Thread: US Economy

  1. #1
    Google King Array texan's Avatar
    Join Date
    Nov 2011
    Location
    US
    Posts
    5,816
    Rep Power
    173375

    US Economy

    Stories and indicators of our US Economy.

    1st up. New Jersey city that is home to Cambells Soup, Camden NJ.
    It has been rated one of the highest murder / crime cities off and on for years.

    Now:
    Gritty N.J. city of Camden to scrap police department amid budget woes

    Crime-ridden Camden, New Jersey - often referred to as the most dangerous city
    in the United States—is getting rid of its police department.


    Read more: Gritty N.J. city of Camden to scrap police department amid budget woes | Fox News
    menotyou likes this.
    They that forsake the law praise the wicked; but such as keep the law contend with them.

  2. #2
    Für Meno :) Array klein's Avatar
    Join Date
    Jul 2009
    Location
    Edmonton, Alberta
    Posts
    9,731
    Rep Power
    14715

    Re: US Economy

    Oh well, citizens can carry their own guns for self protection - no biggie.
    [SIGPIC][/SIGPIC]"Oh it's so easy for you isn't it, Kenny? I've had to become poor all on my own, you know?!
    I wasn't born with a plastic spoon in my mouth."

  3. #3
    Google King Array texan's Avatar
    Join Date
    Nov 2011
    Location
    US
    Posts
    5,816
    Rep Power
    173375

    Re: US Economy

    Moody's Sees More California Cities Going Bankrupt
    One of the nation's top credit rating agencies said Friday it will begin a wide-ranging review of
    municipal finances in California because of what it sees is a growing threat of increased city
    bankruptcies and bond defaults.

    Moody's Investors Service issued a report saying that the growing fiscal distress in many cities
    in the nation's most populous state was putting bondholders at risk.


    Moody's Sees More California Cities Going Bankrupt - Reason 24/7 : Reason.com
    They that forsake the law praise the wicked; but such as keep the law contend with them.

  4. #4
    Google King Array texan's Avatar
    Join Date
    Nov 2011
    Location
    US
    Posts
    5,816
    Rep Power
    173375

    Re: US Economy

    Last October, Jefferson County, AL declared Chapter 9 bankruptcy. It's home to the state's most
    populous city, Birmingham. Its debt exceeded $4 billion. It was America's largest
    municipal filing in history.

    In August 2011, Central Falls, RI declared bankruptcy. Located north of Providence, it's the
    state's poorest municipality. In 2010, it entered receivership. Major concessions were made.

    In March 2011, Boise County, Idaho filed for protection. It did so to buy time to figure out
    how to pay creditors.

    US Cities Going Bankrupt
    They that forsake the law praise the wicked; but such as keep the law contend with them.

  5. #5
    Registered Users Array wkmac's Avatar
    Join Date
    May 2002
    Posts
    12,176
    Rep Power
    41187

    Re: US Economy

    Tex,

    Research the Comprehensive Annual Financial Report (CAFR) and you may learn that the claims of local cities, towns, counties that they are going broke is in fact bogus.

  6. #6
    Google King Array texan's Avatar
    Join Date
    Nov 2011
    Location
    US
    Posts
    5,816
    Rep Power
    173375

    Re: US Economy

    More payday drama in Scranton, Pennsylvania, as last-minute loan backs paychecks
    City workers in Scranton, Pa., who earlier this summer saw their salaries temporarily slashed to
    minimum wage, will be crossing their fingers on payday this week.

    If an emergency loan to the city doesn't go through, neither will the workers' paychecks.
    "We only know what the public knows, what's in the news," said a Department
    of Public Works employee who asked not to be named.

    City officials, including Mayor Chris Doherty, insist that the city will meet payroll and all other city
    obligations now that New York-based Amalgamated Bank made the city a short-term tax anticipation
    loan of $6.25 million.

    But the city workforce already dealt with payday drama in July, when Doherty unilaterally cut
    everyone's salary -- including his own -- to the state minimum wage of $7.25 per hour.

    Read more: More payday drama in Scranton, Pennsylvania, as last-minute loan backs paychecks | Fox News
    They that forsake the law praise the wicked; but such as keep the law contend with them.

  7. #7
    Google King Array texan's Avatar
    Join Date
    Nov 2011
    Location
    US
    Posts
    5,816
    Rep Power
    173375

    Re: US Economy

    US economy "far from satisfactory", says Bernanke

    WASHINGTON: US Federal Reserve Chairman Ben Bernanke expressed deep worry over the
    US economy on Friday, calling the situation unsatisfactory and saying labour market
    stagnation was "a grave concern".

    In a much-anticipated speech to central bankers in Jackson Hole, Wyoming, the chief of the
    US central bank offered no new promises of intervention to boost growth, but strongly
    signalled that he was leaning that way.

    "The economic situation is obviously far from satisfactory," he said in the keynote speech
    of the Fed's annual conference of central bankers.

    "Growth in recent quarters has been tepid, and so, not surprisingly, we have seen no net
    improvement in the unemployment rate since January," he said.

    Unless the economy begins to grow more quickly than it has recently, the
    unemployment rate is likely to remain far above levels consistent with maximum
    employment for some time."

    Bernanke made clear that the jobless rate, at 8.3 percent, is one of his biggest worries
    as head of the central bank, which has reducing unemployment as a key goal.

    US economy "far from satisfactory", says Bernanke - Channel NewsAsia
    They that forsake the law praise the wicked; but such as keep the law contend with them.

  8. #8
    bella amicizia Array menotyou's Avatar
    Join Date
    Aug 2009
    Posts
    11,820
    Rep Power
    128738

    Re: US Economy

    Quote Originally Posted by klein View Post
    Oh well, citizens can carry their own guns for self protection - no biggie.
    FYI. Not all can or do.
    "If a dog will not come to you after having looked you in the face, you should go home and examine your conscience."-Woodrow Wilson-

  9. #9
    golden ticket member Array moreluck's Avatar
    Join Date
    May 2000
    Location
    San Clemente, CA.
    Posts
    58,779
    Rep Power
    318528

    Re: US Economy

    Be the kind of woman that when your feet hit the floor each morning the devil says, "Oh crap, she's up !!"

  10. #10
    Natural Born Citizen Array Baba gounj's Avatar
    Join Date
    Nov 2007
    Location
    Eastern Massachusetts
    Posts
    9,697
    Rep Power
    53788

    Re: US Economy

    China's Manufacturing Slump Deepens
    NEW YORK (CNNMoney) -- More bad news about China's factories: The country's manufacturing sector has contracted for the first time in nine months.
    The National Bureau of Statistics in Beijing said on Saturday that the China Manufacturing Purchasing Managers Index for August fell to 49.2 from 50.1 in July. Any reading below 50 indicates that factory activity is shrinking rather than growing.

    The fate of manufacturing in China is considered a barometer of the global economy because of the country's role as a powerhouse exporter.
    China, the world's second-largest economy behind the United States, has been hit particularly hard by the recession in much of Europe. The country has lowered its growth outlook -- and weak manufacturing numbers suggest a return to rapid pre-recession growth rates will take time.
    Jambo Bwana


Page 1 of 2 12 LastLast

Similar Threads

  1. The economy?
    By cheryl in forum Brown Cafe Polls
    Replies: 8
    Last Post: 10-18-2009, 09:29 PM
  2. my take on the economy and the players
    By dannyboy in forum Current Events
    Replies: 29
    Last Post: 03-18-2009, 06:40 PM
  3. What UPS is doing to survive this bad economy
    By Raw in forum UPS Discussions
    Replies: 127
    Last Post: 02-13-2009, 05:32 PM
  4. down economy and helpers
    By WhatPCM in forum UPS Discussions
    Replies: 49
    Last Post: 09-21-2008, 06:03 PM
  5. How is the volume with this economy
    By Channahon in forum UPS Discussions
    Replies: 31
    Last Post: 06-07-2008, 11:45 AM

This page has been found by people searching for:

brown cafe, browncafe

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •