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Poll: Just 17 percent of Americans are satisfied with the direction the...
Decline. We’re a nation of discontents, apparently. According to Gallup, U.S. satisfaction in 2011 ranks as the second lowest since 1979. Throughout 2011, an average of 17 percent of Americans said...
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Bankruptcy Filings Down 11.7% in 2011
The year-end bankruptcy statistics from Epiq Systems have arrived. There were just over 1,379,000 U.S. bankruptcy filings in 2011, a decline of 11.7% from the previous year. On a monthly basis,...
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WaPo poll: Romney 35, Gingrich 17
Surge confirmed? Yesterday’s Fox poll gave the first indication that Mitt Romney has suddenly broken through the ceiling of his polling support in 2011. Today, the Washington Post poll corroborates...
View ArticleMark Hansen | Foreclosures & REO RAISE House Prices, Economic Activity &...
Foreclosures & REO RAISE House Prices, Economic Activity & Taxes. How did Everybody get Brainwashed to think otherwise? The entire world is now brainwashed to think foreclosures are a bad thing...
View ArticleBofA Said to Freeze Moynihan’s Salary
BofA Said to Freeze Moynihan’s Salary as Stock Awards Decline Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s compensation for 2011, granting him no cash bonus and freezing his...
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No Surprise: Bankruptcy Filings Jump in February
Bankruptcy filings rose in February, but the spike in filings keeps with historical trends. According to data from Epiq Systems, there were over 104,000 bankruptcies in February 2012. Spread over the...
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Feelgood story of the day: Lottery winner still using food stamps because...
“I feel that it’s okay because, I mean, I have no income and I have bills to pay.” Via the Daily Caller, a snifter of civilizational decline at the end of a long day. Granted, $700,000 sounds like a...
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U.S. Surgeon General: We need more … smoking bans! And tobacco taxes!
Naturally. In a report released today, the U.S. Surgeon General called for increased governmental measures to cut down on youth tobacco use. Less than one in five high-school-aged teenagers smoke...
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Downward Bankruptcy Filing Trend Continues
Bankruptcy filings for March continued to show a year-over-year decline. According to the latest release from Epiq Systems, there were an average of 5,550 daily bankruptcy filings in March, which...
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Poll: Tea Party support on the decline?
If ABC and WaPo say so … Support for and opposition to the Tea Party are roughly equivalent, but, by a 23-point margin, the more Americans hear of the Tea Party, the less they like it, according to a...
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New residential home sales fall 7.1% in March; Update: USA Today predicts...
But inventory down as well. The string of bad economic news to close out Q1 continued today with the Census/HUD announcement of new residential sales in March. The seasonally-adjusted annual rate of...
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California by the numbers
Decline. The weekend produced a spate of dang-this-is-bad articles on the economic situation in California. Steven Greenhut’s for the Orange County Register is entitled “California to middle class:...
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ADP: Hiring slowed significantly in April
Factory orders tank as well. How bad will Friday’s employment for April be? The ADP report, which usually paints a rosier picture of private-sector job gains, shows a decline in growth of almost half...
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Video: Bill Ayers awfully confident that America’s best days are behind us
“The game is over.” While Bill Ayers roots for the demise of America some guy from his old neighborhood is presiding over it in Washington. Coincidence? You be the judge. This is from an event last...
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Weekly jobless claims steady-ish at 370K, durable goods order for April “weak”
Revisions. Consistency, thy name is … the weekly initial jobless claims from the Department of Labor. Once again, the report shows a slight decline from last week’s figures. Once again, that slight...
View ArticleLender Processing Services | LPS Estimates its Total Potential Legal Costs...
LPS still waiting for housing rebound From the jaxdailyrecord… Business remains down early in 2012. LPS reported first-quarter revenue fell 6 percent to $506 million, and adjusted earnings fell from 81...
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Factory orders drop in April across the board
“Surprise”! Want to know why the economy has seen jobs eroding over the last two months? Today’s report from the Commerce Department on factory orders gives an unpleasant explanation. Orders fell by...
View ArticleCoreLogic June MarketPulse Report | Negative Equity Increases Home Prices in...
“Paradoxically, as the flow of REOs has slowed over the last 18 months, negative equity has become a positive force in real estate markets by restricting supply in the face of increasing demand” ~...
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ADP report estimates 176K private-sector jobs added in June
Don’t get cocky, kid. No, really. Tomorrow, the Bureau of Labor Statistics will produce the June jobs report, but we have a look at two key indicators this morning. First, weekly initial jobless...
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Bankruptcy Filings Are Down — Everywhere
With half the year over, there is half of the year still to go. For our few readers who might actually know the quote–yes, that is a tribute to the legendary Murray Walker. Giving our place in the...
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