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Post Info TOPIC: 5M unemployed


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Jobless claims top 5 million mark
WASHINGTON -- New jobless claims jumped unexpectedly last week to 667,000, with continuing claims topping the 5 million mark.

Thursday morning's data from the Labor Department are the latest evidence that the current recession is deepening as it extends into its second year.

(The preceding report appeared on the Web site www.msnbc.msn.com on February 26, 2009.)

 

February 26, 2009


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-- Edited by Troll at 09:18, 2009-02-26

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Send a few workers to Iran... Life is good there.

Iranians Celebrate 30 Years After a Revolution

As Iranians Mark Anniversary, Ahmadinejad Offers to Talk to U.S.

Iranians flooded the streets of the capital today by the hundreds of thousands.

Iran celebrates 30th anniversary of the 1979 Islamic revolution
Iranian school boys hold national flags as photos of Iran's late leader Ayatollah Khomeini, left and... Expand
Iranian school boys hold national flags as photos of Iran's late leader Ayatollah Khomeini, left and Iran's supreme leader Ayatollah Ali Khamenei, right, are seen during a ceremony at celebrations marking the 30th anniversary of the 1979 Islamic revolution that toppled the U.S.-backed late Shah Mohammad Reza Pahlavi and brought hard-line clerics to power, in Tehran on Tuesday Feb, 10, 2009. Iran welcomed talks with the new administration of U.S. President Barack Obama on the basis of mutual respect, President Mahmoud Ahmadinejad said. Collapse
(Hasan Sarbakhshian/AP Photo)
More Photos

Even amid a crumbling economy and deep internal divisions, the 1979 Islamic revolution remains a unifying force here and today was no different.

"We're very happy," one marcher said of events in Tehran marking the 30th anniversary of Iran's transformation from a constitutional monarchy to an Islamic republic. "Just look at the size of the crowd."

Many of the events were directed at America, with marchers chanting, "Down with the USA!"

Others carried effigies of U.S. and Israeli leaders. Many said they see the revolution as the time when Iran finally broke free from dependence on the United States, which remains a powerful sentiment.

When asked if Iranian leaders should accept President Obama's offer to talk, an offer he repeated during his news conference Monday night, many Iranians said the burden of change is on the United States.





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Unstable & Irrational

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Stock market poised to take another dump today. Stay away from looking at your investments. It will make you ill, unless you are buying to do that dollar cost averaging. I throw $50 bucks at it, and it loses as soon as it hits the floor.

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Freddie Krueger wrote:

Stock market poised to take another dump today. Stay away from looking at your investments. It will make you ill, unless you are buying to do that dollar cost averaging. I throw $50 bucks at it, and it loses as soon as it hits the floor.



So far, I've lost nearly all of my 401(k). I have about $5200 left in there, and have lost around $40,000 over the past 1 1/2 years. I just wanna cry when I see that shit, and then the stock market falls below 7000, and oil rises...

 



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Force Majeure

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Snippy tried....

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Snippy wrote:

Snippy tried....



Yes you did, but I thought I was being bullish by purchasing BN stock when it fell to $65 a share. Oh well, lesson learned.

Currently, I have moved the remainder of my money into the Dodge&Cox fund. It ain't gaining much, but I won't lose what I have left. When the market starts a rebound, I will again move it into some higher risk stuff, just to try to "win" some of my money back.

 



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Unstable & Irrational

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Unemployment rate is now 8.1% GM will be in chapter 11 soon. I can see were the metal scrappers will start taking apart those stored railroad cars soon.

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Professional Asshole

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At this point, I'm thinking Chapter 11 is where the auto makers should be. Bailouts are bullshit, and we are continually sinking into a deeper deficit that we will NEVER get out of. China will own us...

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Unstable & Irrational

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The carnage in the unemployed is what I see. But I am having a hard time disagreeing with you on the bailouts.

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