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Jon Stewart Interviews Jim Cramer on Daily Show

March 13, 2009

Tweet If any of you missed the Daily Show last night, Jon Stewart interviewed Jim Cramer. Jim Cramer came on the show expecting to help assuage the situation it seems, but instead dug himself a bigger hole when Jon Stewart showed some clips of him from back in 2006. Jon Stewart illustrated very clearly the […]

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UK World’s Largest Ponzi Scheme

February 28, 2009

Tweet Despite how bad many may think the US economy is – and it is bad – the USD is still holding its own against other currencies (for now), and foreigners for the time being still continue to purchase our debt. In fact, in relation to some other western countries, the US is holding up […]

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CNBC Classic: The Call For A 21st Century Tea Party

February 19, 2009

Tweet I’ve mentioned before the dislike I have for CNBC, but I was just sent a clip from earlier today on CNBC that is worth watching. Rick Santelli, who some of you may know as the guy who reports from the trading floor, lost it and went on a mini-tirade about the way the government […]

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Government Unveils Its Plan For Housing

February 18, 2009

Tweet Obama and the U.S. Treasury have revealed their housing plan, and its both extensive and wildly expensive. The government is putting aside $75B to help 9 million homeowners stay in their homes. In addition, $200 billion in losses will be absorbed at Fannie Mae and Freddie Mac. The program requirements will be laid out […]

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Joint Venture Silicon Valley Network Releases 2009 Silicon Valley Index

February 17, 2009

Tweet The Joint Venture Silicon Valley Network has released its annual publication on Silicon Valley which tracks trends in the region’s economy and community. The report discusses trends in regional investment, job growth, diversity, real estate, and government. It is a good resource for those inside and outside of Silicon Valley to see where the […]

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20,000 California State Jobs At Risk

February 16, 2009

Tweet Twenty-thousand layoff notices will go out on Tuesday morning Such was the word from the Governor’s spokesperson as the California state legislature and governor try to close a massive budget deficit in the state. In addition to these potential cuts, the state has halted public works projects and has began furloughing state employees. Kansas […]

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Frontline Special To Air Tomorrow: Inside The Meltdown

February 16, 2009

Tweet A PBS Frontline special called “Inside the Meltdown” is set to air on February 17th. According to PBS description,  The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers’ collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal […]

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Japan’s Economy Shrinks by Annualized Rate of 12.7%

February 16, 2009

Tweet In what is the steepest drop in 1974 for Japan, the economy their retreated by an annualized rate of 12.7%. This is the third straight quarter that GDP fell in the country as exports continued to plunge. In addition consumer confidence is at the lowest level in 26 years, and unemployment jumped by the […]

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CBRE’s Raymond Torto Predicts Two More Years of “Serious Problems”

February 13, 2009

Tweet In an interview with the Real Estate Channel, CBRE’s global chief economist, Raymond Torto indicated things should improve by year’s end, but that at least two more years of trouble looms. Here are some notable tidbits: Q - How bad is the economic situation we are in today? A  - Bad.  It compares to the Great […]

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Mortgage Modification Talk Swirling

February 6, 2009

Tweet The new Treasury Secretary Tim Geithner is set to hold a press conference on Monday to discuss his new plan for helping the economy get back on its feet. It’s not clear exactly what will be proposed, but one of the latest efforts which is being talked about is the government using some $100-150B, […]

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