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Latest News

Employers cut 533K jobs in Nov., most in 34 years (AP)

Alex Silverman of Great Neck, NY, who lost his job 14 months ago at WaMu Capital Corp. speaks with recruiter Julia Kaufmann-Yu of High Impact Coaching at the Wall Street Pink Slip Party for Wall Street job seekers and recruiters at the Public House New York Tuesday, Nov. 11, 2008 in New York. (AP Photo/Craig Ruttle)AP - Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.


Home loan troubles break records again (AP)

A foreclosure sign stands on top of a sale sign outside an existing home for sale in the west Denver suburb of Lakewood, Colo., on Sunday, Sept. 28, 2008. An industry group said Friday, Dec. 5, 2008, a record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.  (AP Photo/David Zalubowski)AP - A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.


AP IMPACT: Some bailout holdings down $9 billion (AP)

Interim Assistant Treasury Secretary Neel Kashkari addresses the Mortgage Bankers Association, Friday, Dec., 5, 2008, in Washington. (AP Photo/Lauren Victoria Burke)AP - Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.