Jobless Rates Hit 5.1%
April 4, 2008
According to The Houston Chronicle, employers slashed 80,000 jobs in March, the most in five years and the third straight month of losses. At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be shrinking. The new snapshot of the job market, released by the Labor Department today, underscored the damage...
Bankruptcy More Common with the Economic Decline
March 27, 2008
When she was laid off in February, Patricia Guerrero was making $70,000 a year. Weeks later, with bills piling up and in need of food for her family, this middle-class mother did something she never thought she would do: She went to a food bank. It was Good Friday, and a woman helping her offered to pay her utility bill. “It brought tears to my...
U.S Home Prices Decline
March 26, 2008
The drop in U.S. home prices accelerated in early 2008 and shows no sign of bottoming. Preowned home prices nationwide fell by a record 11.4 percent in January, according to the monthly S&P/Case-Shiller home price index released Tuesday. And while Dallas home prices continued to hold up better than those in its peer cities, the closely watched report showed that values here fell by 3.3...
Chiropractors Accused of Multistate Scam
March 25, 2008
As reported by the Dallas Morning News, Allstate Insurance Co. filed a lawsuit Thursday in Dallas against Chiropractic Strategies Group Inc. of Arlington, accusing it of orchestrating a multistate scam involving doctors, lawyers and telemarketers. According to the lawsuit, telemarketers working for Chiropractic Strategies solicited auto accident victims to come in for a free check-up. Doctors would tell the patients they had severe injuries, while...
Home Sales Rise Nationally
March 24, 2008
According to the Houston Chronicle, after falling for six straight months, sales of existing homes posted an unexpected increase in February which may have reflected more aggressive price cutting by sellers in some parts of the country, a real estate trade group reported today. The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted...
Spitzer Uses Call Girl Service
March 14, 2008
CNN reports that federal agents have determined New York Gov. Eliot Spitzer used a high-priced call-girl ring at least eight times in recent months, and agents had him under surveillance twice this year, sources familiar with the investigation said Wednesday. Spitzer announced his resignation Wednesday, two days after reports of his connection to the Emperors Club VIP became public. He has not been charged with...