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This comes from Kiplinger (click to enlarge). Not only does this graphic break down where the trouble spots are for jobs today, it gives you a historical perspective as well. It looks like the Southeastern seaboard and the west coast are feeling the most pain relative to past recessions.
Also see What You Need to Know [...]

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This comes from the up until New Year’s aptly-titled “News from 1930” website.  It’s now really News from 1931 as it chronicles news during the Great Depression from exactly 79 years ago to the day.
US car and truck exhibitors at the annual New York Show include:
GM – Buick (20 models, sees long hold-off in buying [...]

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This comes from the blog News from 1930 on financial news from this day in… 1930 (I don’t what they plan to do after New Year’s Day):
Bankers Trust of Philadelphia closed after heavy withdrawals; had 135,000 depositors, total deposits $42.5M; Penn. Sec. of Banking says financial situation in Philadelphia sound, no reason for depositors in [...]

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The closing of the Bank of the United States could be considered the event during the Great Depression that was most akin for the U.S. to the collapse of Lehman Brothers last year.  The event occurred on 12 December 1930 – so 79 years ago yesterday.  The blog News from 1930 details the events from [...]

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This comes from the Blog News from 1930 which tells us what happened on this day in 1930 according to the Wall Street Journal:
Pres. Hoover criticizes wide variety of extensive relief measures introduced in Congress as “playing politics at the expense of human misery”; says prosperity can’t be restored by raids on the public treasury, [...]

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When I read Yves Smith’s recent comments on Bank of America’s repayment of its TARP funds, I couldn’t help but think of a post I wrote six months ago called "Asymmetric information and corporate governance in bank bailouts." The gist is of the post is about the same as Yves’ and it was inspired by [...]

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"This is definitely a threat on the horizon," said Blaise Ganguin, the agency’s European credit chief.
Some 75 companies large enough to be rated face likely default in 2010 as the slow-burn effects of the crisis hit home. The default rate peaked near 13pc this year, the highest since S&P began to collect data.

This [...]

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From the site News from 1930:
National City Bank notes epidemic of bank failures, and that “processes of deflation operate in a vicious circle” but is nevertheless optimistic: “obviously this sort of thing has to come to an end some time, and by the very nature of the circumstances the turn comes … [when] everything looks [...]

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By now you have heard that Dubai World, the investment company, has asked its creditors for a six-month delay in repaying its debt (see articles in links).  This is what is commonly referred to as default. Now many are wondering if Dubai the country is on the verge of default and asking who is most [...]

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Here’s a nice little music video on Alan Greenspan and all that he has wrought. Hat tip Scott.