Hard decisions are in store for state and local governments in Utah as Government budgets worse than anticipated . The state's bleak finances appear to be even worse than previously thought. The revenue figures for the last three months show the economy is hammering government budgets. Bob Spri ... Read more

A well deserved victory celebration goes to the workers at Boeing Co.'s 787 Dreamliner factory who on September 10 voted 199-68 to decertify representation by the International Association of Machinists. Today the seeds of desertification bore fruit as Boeing picks Charleston for new 787 line . ... Read more

Here is an interesting video by Pete Schiff that discusses in what instances homes are investments vs. speculation vs. just a place to live. I agree with Schiff that for most people who own and live in their own home, the best way to think about homes is as shelter. The mistake many made was th ... Read more

Professor David Waggoner posted the following chart yesterday on Minyanville that I think is worth noting. click on chart for sharper image Professor Waggoner commented "The next intermediate level pivot down is around 882. It is a 50% retrace of the entire move up from the low and is a po ... Read more

Houston, we have a problem. We are bankrupt. That is the finding of Bob Lemer, CPA, Retired Partner at Ernst & Young; Aubrey M. Farb, CPA, Retired Partner at Grant Thornton; and Tom Roberts, CPA, Retired Partner at Fitts Roberts. Cover Letter October 22, 2009 Name, Title and Address [see l ... Read more

A rising tide of IT professionals is seeing its annual compensation decline. CIO is asking IT Pay Cuts: Are You Next? As more companies enforce across-the-board pay cuts and unpaid furloughs, a rising tide of IT professionals is seeing its annual compensation decline and must decide whether to sw ... Read more

I have been talking about the Job Loss Recovery for quite some time. Here are a few recent examples. July 14: Bernanke Sees Chance of Jobless Recovery Given that the Fed's first mission is to delay, confuse, hope, and otherwise attempt to buy time while engaging in wishful thinking along the way ... Read more

Early this morning in How The Citi-Grinch Stole Christmas (and Why It's a Good Thing) I wrote "If ever there were screams of "Please Regulate Me" these actions by First Premier and Citigroup must be at the top of the list." Well, that was fast. Dodd introduces bill to freeze credit-card rates ... Read more

Over 65, out of work and desperate for a job? So are record numbers of people who thought they would be retired but now find they cannot afford to. Please consider 65 and Up and Looking for Work . It is well known that during the nation’s gale-force recession, many older Americans who dreamed ... Read more

Emails are pouring in over Citigroup's "Hail Mary Pass": How To Know Citigroup Is In Serious Trouble . Here is one from "HG" who writes Hey Mish, We have a 7 figure net worth, no mortgage debt (we do own our own home), pay credit debt in full each month, and have credit scores of 726 and 702 ... Read more