Friday, March 11, 2011

foreclosure statistics

On Monday night, I watched my foremost, The Last Phrase host Lawrence O’Donnell.
Whilst O’Donnell laudably attempted to focus the audience’s awareness onand hopefully previous, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen below for excellent, I used to be overtaken, not through the pulling on the thread, and the voracious audience he serves. It did not make me unfortunate, it created me angry.

With regards to celebrities, we are able to be considered a heartless nation, basking in their misfortunes like nude sunbathers at Schadenfreude Seaside. The impulse is understandable, to some diploma. It could be grating to pay attention to complaints from people who delight in privileges that the majority of us can’t even visualize. If you should cannot muster up some compassion for Charlie Sheen, who can make extra revenue for a day’s do the trick than many of us will make in the decade’s time, I guess I can’t blame you.



Along with the rapid tempo of activities on the internet as well as the knowledge revolution sparked by the On-line, it’s extremely uncomplicated for the technologies market to think it’s one of a kind: constantly breaking new ground and doing details that no one has ever carried out before.

But there's other sorts of internet business that have by now undergone a few of the similar radical shifts, and have just as amazing a stake in the potential.

Take healthcare, as an illustration.

We usually believe of it like a tremendous, lumbering beast, but in fact, medicine has undergone a sequence of revolutions with the past 200 a long time that happen to be at the very least equal to all those we see in technology and data.

Less understandable, but even now within the norms of human nature, will be the impulse to rubberneck, to slow down and look into the carnage of Charlie spectacle of Sheen’s unraveling, but of the blithe interviewer Sheen’s daily life as we pass it with the proper lane of our everyday lives. To be sincere, it could possibly be difficult for customers to discern the difference among a run-of-the-mill focus whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its own merits, a quote like “I Am On the Drug. It is Named Charlie Sheen” is sheer genius, and we cannot all be expected to consider the complete measure of someone’s daily life each individual time we listen to some thing funny.

Rapidly forward to 2011 and I'm wanting to look into implies of being a bit more business-like about my hobbies (typically audio). By the finish of January I had manned up and commenced to promote my weblogs. I had developed several diverse blogs, which have been contributed to by associates and colleagues. I promoted these activities by means of Facebook and Twitter.


2nd: the very little abomination the Gang of 5 about the Supream Court gave us a year or so ago (Citizens Inebriated) genuinely consists of a little bit bouncing betty of its own that may particularly well go off with the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Due to the fact this ruling extended the concept of “personhood” to both equally businesses and unions, to consider to deny them any most suitable to run inside the legal framework that they have been organized below deprives these “persons” for the freedoms of speech, association and movement. Which means (once yet again, quoting law school trained family members) that either the courts ought to uphold these rights for that unions (as individual “persons” as guaranteed through the Federal (and most state) constitutions, or they have to declare that these attempts at stripping or limiting union rights should utilize to big firms, also.

This article by Michael is filled with despair and presents evidence that the recovery in the stock market is more like the price of bread in Zimbabwe than a real recovery. - Ilene 



18 Sobering Facts Which Prove That The Middle Class Is Not Being Included In This “Economic Recovery”

Courtesy of Michael Snyder, Economic Collapse


Have you heard the news?  The stock market is absolutely soaring and according to the U.S. government and the Federal Reserve we are in the beginning stages of a robust economic recovery.  Yippee!  The S&P 500 is up 6.8 percent so far in 2011, and the stock market recently hit a two and a half year high.  So shouldn't we all be celebrating?  Well, if stock market performance was an accurate measure of economic health, then Zimbabwe would have had one of the healthiest economies on the entire globe during the last decade. 


But just like Zimbabwe's stock market was artificially pumped up with "funny money" that was rapidly being devalued, so is ours.  All of the "quantitative easing" that the Federal Reserve has been doing is pumping plenty of money into the financial markets and is helping to inflate a false stock market bubble, but it is doing very little to alleviate the suffering of the U.S. middle class.  In fact, when you take a closer look at the numbers you quickly find out that the suffering of the middle class is getting even worse.


According to Gallup, the unemployment rate is now over 10%.  The number of Americans that have given up looking for work recently set a new all-time record.  The number of mortgages in foreclosure tied a record high during the fourth quarter of 2010.  Gas and food prices are rising rapidly.  The number of Americans on food stamps continues to increase every single month.


Yes, right now the economic situation is not in free fall like it was a couple years ago.  We should be thankful for that.  Periods of relative stability such as we are enjoying now will be few and far between in the years ahead.  This "bubble" of economic calm is a great opportunity that we should all be taking advantage of.


However, those that are hoping that this is an economic "turning point" and that things will soon be back to "normal" are going to be greatly disappointed.  This is about as "normal" as things are going to be ever again.


Even during this time of relative economic stability, the U.S. middle class is still being ripped to shreds.  If there are those among your family and friends that are somehow convinced that the U.S. economy is recovering nicely, you might want want to show them the following 18 very sobering facts....


#1 According to Gallup, the U.S. unemployment rate is currently 10.3 percent.  When you add in part-time American workers that want full-time employment, that number rises to 20.2 percent.


#2 According to the U.S. Bureau of Labor Statistics, the number of job openings in the United States declined for a second straight month during December.


#3 There are currently more than 4 million Americans that have been unemployed for more than a year.


#4 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.


#5 Gasoline prices in the United States recently hit a 28-month high.


#6 During the 4th quarter of 2010, 4.63 percent of all U.S. home loans were in foreclosure.  That matched the all-time high, and it was up significantly from 4.39 percent in the 3rd quarter.


#7 It is estimated that there are about 5 million homeowners in the United States that are at least two months behind on their mortgages, and it is being projected that over a million American families will be booted out of their homes this year alone.


#8 Almost 14 percent of all credit card accounts in the United States are currently 90 days or more delinquent.


#9 The average credit card rate in the United States had increased to a whopping 13.44 percent at the end of 2010.


#10 Americans now owe more than $890 billion on student loans, which is even more than they owe on credit cards.


#11 Average household debt in the United States has now reached a level of 136% of average household income.  In China, average household debt is only 17% of average household income.


#12 U.S. life expectancy at birth is now three years less than Canada and four years less than Japan.


#13 New home sales in the state of California were at the lowest level ever recorded in the month of January.


#14 43 percent of all mortgages in south Florida are currently underwater.


#15 Prior to the most recent economic downturn, there were usuallysomewhere around four to five million job openings in America.  Today there are about 3 million.


#16 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.


#17 One out of every seven Americans is now on food stamps.


#18 One out of every six elderly Americans now lives below the federal poverty line.


You know things are bad when articles start popping up in the mainstream news instructing us how to interact socially with the hordes of unemployed Americans that are out there today.  A recent USA Today article entitled "What not to say to someone who is unemployed" listed some of the things that you should not say to someone that does not have a job.  The following are some of their suggestions on what NOT to say....


"Hey, have you found anything yet?"


"How's the search going?"


"You just have to pound the pavement."


"Something will turn up."


"It's tough out there."


"Other people are going through the same thing."


"Maybe you're asking for too much money."


"Maybe you should go back to school."


"There are plenty of jobs out there."


I am sure most of us have heard things like this at one time or another.  It can be a soul-crushing thing to have others look at you in pity because you don't have a job and you can't pay the mortgage and feed your family.


Most unemployed Americans are not lazy.  The vast majority of them desperately want jobs.  But the U.S. economy is not producing nearly enough jobs today.  As noted above, the U.S. economy currently has about 3 million job openings, but approximately 20 percent of the workforce wants to find a full-time job.  The demand for jobs is far, far, far greater than the supply.


Unfortunately, this is the legacy of decades of bad economic decision-making.  The U.S. economy should be able to provide work for every single person that wants it, but because of the choices that have been made that will never be the case again.


The middle class in America is being ripped to shreds right in front of our eyes and very little is being done to stop it.  Desperation is rising across the nation.  More Americans slip into poverty every single day.  It is almost as if a cloud of gloom and despair has descended upon the U.S. economy and every single month the situation only seems to get darker.


So what about you?  How has this economy affected you and your family?  Please feel free to leave a comment with your thoughts below.... 




  • To fund a huge civil service, you need a huge tax base, but the crippling red tape and rules produced by this huge civil service of regulation-generators have driven employers and jobs overseas at a frenetic pace, stunting the growth of that critical tax base.
  • To finance a pension plan, you set aside money every year, and invest it in the stock market; but the recent assault on the private sector has robbed those Wall Street investments of their expected growth, even shrinking their value, requiring ever greater state contributions to meet their obligations.
  • To gain control of the healthcare industry and maintain their partnership with the trial lawyers, they passed ObamaCare, which has already caused massive increases in healthcare costs and has further damaged the economy... necessitating government's call to increase employee participation in the costs of these benefits at last.



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