The U.S. Debt Clock is a billboard-sized sign which continuously updates itself to reflect the current level of U.S. public debt, along with every American family’s portion of it.
It recently made headlines when the national U.S. debt soared above the $10 trillion dollar level and it ran out of [...]

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Is America’s Great Recession ending? Perhaps.
Employers eased up on layoffs last month, cutting only 247,000 jobs, the fewest in 12 months, and the unemployment rate dropped to 9.4 percent, its first downward movement in 15 months.
The news was much better than expected and could indicate that the recession is finally drawing to a close.
Analysts [...]

Continue reading " Unemployment Rate Drop for First Time in 15 Months "

That’s not a typo.  If you are somehow lucky enough to wind up sitting in one of the luxury boxes at the new Dallas Cowboys stadium, you’d better be ready to take out a home equity loan if you would like some pizza.
Those watching a Cowboys game from a luxury suite at the new stadium [...]

Continue reading " WTF: Dallas Cowboys Stadium to Sell $90 Pizza "

Has the Drudge Report uncovered the ultimate smoking gun in America’s economic recovery efforts?  It certainly looks that way at first glance.
On Monday, the popular breaking news website published a list of products purchased by the Recovery.org  website along with their corresponding costs.
Here is a look at the list…

The United States Department of Agriculture was [...]

Continue reading " Recovery.org: 2 Pound Frozen Ham Sliced = $2.5 Million "

MySpace will be laying off 300 people internationally and shutting down at least 4 offices outside the United States.
Owen Van Natta has admitted to trying to grow their European presence too quickly.  The employees affected are mainly in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden, and Spain.
MySpace’ Japanese and Chinese operations will be [...]

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MySpace has confirmed today that the company is going to “reduce staff by nearly 30 percent,” effective immediately.
Reports indicate that there is currently extra security in the MySpace corporate offices. Managers have also been given boxes to distribute to employees to pack their belongings.
MySpace currently has around 1,600 employees, which would seem to indicate [...]

Continue reading " MySpace Layoffs: Almost 500 Employees Affected "

The economic slowdown has taken its toll on MySpace.
The social networking site has laid off about 45 employees. The exact number is uncertain but MySpace cut a large portion of its staff.
MySpace execs have has refused to comment, so we don’t know the rationale behind the layoffs, bit it seems as though these positions [...]

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Sources indicate that a fresh round of 700 layoffs have begun over at Yahoo.
New CEO Carol Bartz had indicated this round of layoffs was coming.  In fact, the actual number seems to be around 600 people affected.
Many of those who were laid off were informed during the day today.  Others that were traveling received notice [...]

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The economic recession here in the United States has seemingly claimed another victim.  David Kellermann, 41, acting CFO (Chief Financial Officer) of Freddie Mac mortgage company, was found dead having apparently committed suicide this morning in the basement of his home in Fairfax County.
Police officers arrived at the home around 5:00 AM after being called [...]

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It’s not a good day at hi5. No, it’s not an early April Fool’s joke either.
The large social network is laying off about half of its staff today. hi5 previously employed about 100 people, so you can do the math.
VP of Marketing, Mike Trigg, said the layoffs were the result of a “realignment of [...]

Continue reading " No High Fives at hi5 Today, Half of Staff Laid Off "