FICRY

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The following is a statement from Dr. Nouriel Roubini, Chairman of RGE Monitor and Professor, New York University, Stern School of Business:
It has been widely reported today that I have stated that the recession will be over “this year” and that I have “improved” my economic outlook. Despite those reports – however – my views [...]

Out of ABC News comes the report that in the face of declining monthly web traffic, the Obama administration may spend as much as $18 million on a redesign of Recovery.gov, the website intended to map the road out of recession. But the mind-bogglingly high pricetag has left some politicians shaking their heads—and some web [...]

If you or someone you know is suffering at the hands of the FICRY, there may be ways to ease the pain. Check out this handy guide entitled “when the paycheck stops” put out by the afl-cio. The site, run by America’s Union Movement, provides information on how to get assistance paying utilities and handling [...]

In today’s financial crisis, 1 in every 9 Americans are feeding their families with stamps. There are currently 33.8 million Americans on food stamps– a number that far exceeds the the surge in food stamp users in the aftermath of hurricane Katrina. In the past year, family participation in the food stamp program has increased [...]

The Sunday Styles section of the New York Times just ran a story about the summer job blues–the woes of teens and young 20-somethings trading in competitive unpaid summer internships for working blue-collar jobs in their home towns.   Indeed, there is nothing stylish about being unemployed or settling for less.
Although working at an amusement [...]

The Associated Press reports that blabber-mouth Biden told reporters the White House “misread” the magnitude of the financial crisis. In an interview with ABC, the Vice President admitted that top administration officials were caught off guard by the jump in the unemployment rate– now at a staggering 9.5%. The administration hoped that the stimulus would [...]

Have you ever heard the rumor that beef in the United States comes from one of five ranches in the Midwest?  Fact or myth, whatever the number truly is, it is no question that large food companies hold a lot of power in the United States.  Here is the story of one of very large [...]

Newsflash: that tent on your friend’s back lawn is still a better option than the Manhattan dog-kennel-sized studio you turned down for $3000 a month one year ago. The only difference now is that you don’t have to be embarrassed about it. Yes, the tides have turned, people, to the point where an enterprising college [...]

In the midst of a national financial crisis, emergency suppliers and retailers have experienced an almost 50% increase in sales. Water filters, thermal blankets and emergency food are flying off of the shelves. And who’s buying these emergency supplies? Just your average surbanites or urban professionals with growing, apocalyptic fears of what the crisis may [...]

Nevada brothels may be one of the few remaining industries looking to hire new employees. Facing a slump in sales, brothels are so desperate to increase business that they are considering adding men to their staff. Bobbi Davis, owner of Shady Lady Ranch, is beginning to interview potential male prostitutes. Davis is looking for men [...]