Commercial Mortgage Meltdown Has Just Begun (Update)

According to the AP, there is another mortgage crisis looming. That mortgage crisis involves commercial real estate including malls from Georgia to Michigan. The crisis doesn’t end there though. The meltdown is happening in hotels in Tucson, Ariz., and Hilton Head, S.C., also about to default on their mortgages.
More from the AP:
That pace is [...]

Spungen Family, Owners Of A Ball Bearings Company In Waukegan, Ill, Reward Workers With Five Figure Bonuses

This is a truly heartfelt story a company in Il and a family named Spungen. They promised a reward to their workers when they recently sold the company to a Swedish company for an undisclosed amount.
From MSNBC:
With $100 million in sales last year, Peer recently was acquired by a Swedish company for an undisclosed amount. [...]

Four Economic Reports Reveal Recessionary Economy

According to Armstrong MyWire business report, four new reports recently released by the federal government show an economy deep in grips of a recession. Here is the story:
The government released a quartet of reports Wednesday that paint a bleak picture of the nation’s economy: Jobless claims remain at recessionary levels, Americans cut back on their [...]

Local Florida Councilman Proud He Helped Decide the Democratic Nomination at The Rules and By Laws Committee Meeting In May

Allan Katz is very proud of the part he played in getting the nomination for Obama rather than Hillary Clinton. He just beams with the part he played at the “faux” Democratic National Committee Rules and Bylaw Meeting in May to knock Hillary Clinton out of nomination for the presidency. Wow! Nothing else to be [...]

Governor Sarah Palin To Campaign In Georgia For Chambliss

Sarah Palin once again reminds us that she isn’t in politics for herself. She is traveling to Georgia on Sunday to campaign for Senator Saxby Chambliss. This is good news fo Chambliss. Sarah Palin will be able to reach out to people in Geirgia. They will be curious but truly enjoy that she is just [...]

The Faux President On Cuts And Sacrifices

The faux president is now calling “for “cuts and sacrifices” the nation will need to make in the days ahead.” But from whom I must ask?
Not Your Sweetie had this to say:
And it’s strange because the very rich were just reassured that they won’t have to give up anything any time soon – so who [...]

Obama’s Faux Economic Team!!!!

Obama’s economic team has never worked in the private sector, yet he has tapped them for job creation. It appears to be a recipe for disaster. Here is a list of his economic team beginning with Geithner, a government bureaucrat. These are probably nice people, at least I assume so. But actual expertise with capital [...]

Geithner, Treasury Pick Is A Protectionist

“Obama Picks Protectionist for Treasury Secretary” is the title of the latest from Dean Baker who is co-director of the Center for Economic and Policy Research in Washington, DC. He is a frequent guest on National Public Radio, Marketplace, CNN, CNBC and other news programs. He is the author of several books, including The Conservative [...]

Time’s Mark Halperin Admits The MSM At Large Was In The Tank For Obama

Mark Halperin must think the American voter is pretty blind. Well not all of us are. We saw Halperin for what he was, just another biased “reporter”. He was definitely not an “investigative reporter”. He reported what he wanted us to hear, never what we needed to know. Halperin was as bad as the rest [...]

No Cracks In The Glass Ceiling (Update)

Marie Cocco wrote an interesting piece yesterday, titled “The Glass Ceiling Holds Strong” and her premise correct. I was recently introduced to Christal Phillips, she had something to add to Marie’s post. Here it is:
In her op-ed, The Glass Ceiling Holds Strong, Marie Cocco of The Washington Post rightly tells women to stop kidding ourselves. [...]