National Guardsmen are coming home from Iraq to face a new enemy – a swooning economy that has landed like a KO’d heavyweight on the canvas of their home towns.
Americans will be throwing more hot dogs and hamburgers on their backyard grills rather than steaks this holiday as the recession and high unemployment crimp celebrations.
Big, burly and a “car guy” since high school, Tom Persinger worked for years at General Motors. Now he’s a nurse’s aide earning an hour. ”I’ve been humbled quite a bit,” he said.
Many forecasters now expect the U.S. economy to begin growing later this year. But it probably won’t feel like a recovery for most people. By John W. Schoen.
Major stock indexes ended down more than 2 percent Tuesday after the U.S. unemployment rate hit a 26-year high.
Expect these new models to hit the road in the next five years.
The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff’s million Manhattan penthouse, an action that forced his wife to move elsewhere.
PVM Oil Associates, the world’s biggest over-the-counter oil brokerage, says it lost nearly million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.
Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job.
Out-of-work with no place to land, the legions of America’s unemployed are growing. The nation’s unemployment rate rose to 9.5 percent in June, a 26-year high.