Dave Manuel.com
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Posts by Dave Manuel.com
US Economic Recovery Continues to Slow in Q2
Jul 30th
As expected, the economic recovery in the United States continued to slow during the second quarter of 2010. Real gross domestic product increased at an annual rate of 2.4% in Q2, down from 3.7% the quarter before.
These numbers were not a surpri...
Many Economists Turning More Pessimistic on US Economy
Jul 29th
According to the latest quarterly "AP Economy Survey", a number of leading economists believe that the US economy will grow slower than previously expected.
The AP survey compiles "forecasts of leading private, corporate and academic economists"....
Homeownership Rate in United States at Lowest Level Since 1999
Jul 28th
On October 15th, 2002, President George W. Bush said:
"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."
These ...
Tony Hayward Officially Out as CEO of BP
Jul 27th
In conjunction with the release of their Q2 earnings numbers, BP announced earlier this morning that current CEO Tony Hayward has agreed to step down from his post on October 1st.
BP Managing Director Bob Dudley has agreed to take over the role o...
103 Bank Failures This Year and Counting
Jul 24th
Regulators closed 7 banks in 7 different states this week, bringing the total number of bank failures in 2010 up to 103.
This marks the second straight year that the United States will have more than 100 bank failures.
The 7 banks that failed...
Another Trillion Dollar Plus Deficit Is Coming in 2011
Jul 24th
The White House revealed today that contrary to previously released official projections, the federal budget deficit will be higher than $1.4 trillion in both 2010 and 2011.
Now, everybody knew that the United States would be posting another tril...
Estimated $3.7 Trillion in Taxpayer Dollars Have Been Committed By US To Support Financial System
Jul 22nd
Special Inspector General of the Troubled Asset Relief Program (TARP) Neil Barofsky released a report earlier this week that claimed that the "outstanding balance of overall Federal support for the nation's financial system" had increased more than 2...
State Unemployment Rates for June
Jul 21st
According to the BLS (Bureau of Labor Statistics), 39 states posted a drop in their unemployment rate in June. This data is not really surprising, given that the national unemployment rate dropped from 9.7% to 9.5% on the month.
Of the remaining ...
Nevada’s Unemployment Rate Continues to Tick Higher
Jul 20th
According to various media reports, Nevada's unemployment rate ticked up to 14.2% in June, up from May's rate of 14.0%.
Nevada now has the "distinction" of possessing the highest unemployment rate in the country. Last month, Nevada was able to cat...
Sign of the Times: Delta Air Lines Expecting 65,000 Applications for 1,000 Job Openings
Jul 19th
According to a recent article on Bloomberg.com (link below), Delta Air Lines Inc. is expecting to receive 65,000 applications for its 1,000 airport job openings.
Delta said that the new 1,000 hires will be dispersed across 25 of the largest airpo...