Archive for May, 2010
President-Elect Barack Obama held his first press conference yesterday, one that focused mainly on the current economic crisis. One detail that flew under the radar, however, was which networks and newpapers got to ask questions, or, rather, which one didn’t get to ask a question. As Media Bistro notes, one network who was not called upon sticks out: Fox News. It will be interesting to see how the conservative network adjusts to a political reality in which the Democratic Party holds the White House and substantial majorities in both houses of Congress. Michael Wolff, a Vanity Fair columnist who is writing an authorized biography on Rupert Murdoch’s career and family, claims that even Murdoch is embarrassed by Fox News www.huffingtonpost.com CHICAGO — Inheriting an economy in peril, President-elect Obama warned on Friday that the nation faces the challenge of a lifetime and pledged he would act urgently to help Americans devastated by lost jobs, disappearing savings and homes seized in foreclosure. But the man who promised change cautioned against hopes of quick solutions. “It is not going to be easy for us to dig ourselves out of the hole that we are in,” Obama said at his first news conference since winning the presidency on Tuesday. The No. 1 priority, Obama said, is to get Congress to approve an economic stimulus plan that would extend jobless benefits, send food aid to the poor, dispatch Medicaid funds to states and spend tens of billions of dollars on public works …
Markets: Despite Europe’s woes, Asia and U.S. reflect strength
This sets the stage for a Canadian interest rate hike on Tuesday
Unemployment could shoot up in the second and third quarters of this year because the domestic economy has been had hit by the political turmoil and the agricultural sector by pests and drought, the National Economic and Social …
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Thailand Economic and Social Board sees Unemployment rising …
A gap in unemployment insurance coverage has left many jobless workers without a safety net. States are addressing that disparity and collecting large federal incentives to replenish their dwindling unemployment trust funds.
See the article here:
An unemployment insurance balancing act
Schools terminate more than 50
When the dust settled after Wednesday’s three-hour long DeKalb County Board of Education meeting, more than 50 school employees found themselves without jobs.
A new show I wanted to do pointing out how contradicting the news is to the degree we don’t know what’s really going on. 001 – Economy Trade, jobless claims figures show recession fades news.yahoo.com US unemployment rate hits 26-year high of 9.7% news.yahoo.com *note: look at the related news on these pages.
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Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 8 (Excerpt) If facing financial issues make sure you hire qualified help, mortgage broker, financial planner, CPA and attorney So with the real estate market, we know here in Arizona, there are literally hundreds of thousands, maybe millions of people that are confronted with a very difficult decision, declining home values, upside down in the home, the home value is worth much less than they actually owe, we need to give them options. If the option is foreclosure, short sale or loan modification, I would take the modification approach, most likely we would have to look at a person’s situation a little bit closely, but as I am going down some of the things that we have prepared for the show today, it looks like there are four main issues that people should know they need to consider, the cancellation of debt income, capital gains tax issue, the deficiency judgments side, and the credit report side and Mike, I know you can talk to some of these things. But we brought up in the first segment what I think this might represent and then I think we started to talk about how Mike can help people minimize the impact of what that would look like on the tax return or eliminate based on the situation, so let’s make sure that the people know these four concerns are something they …
Congress is currently wrangling over a so-called “extenders” bill, which would simply extend the filing deadlines for the current tiers of unemployment coverage through the end of the year.
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The budget numbers are not adding up in the Central Valley School District and on Wednesday district officials say 41 para-educators were laid off. KXLY4’s Tania Dall reports.