Are you ready PARTY for 9.09?
No not doom and gloom.....party time Alstrybater style.....let's all cheer for the following as the we ignore the demise of our nation.
Newspapers' financial woes worsened in the second quarter as advertising sales shrank by 29 percent, leaving publishers with $2.8 billion less revenue than they had at the same time last year.
It's the deepest downturn yet during a three-year free fall in advertising revenue -- newspapers' main source of income. The magnitude of the industry's advertising losses have intensified in each of the last 12 quarters.
Even newspapers' Internet advertising suffered in the second quarter. The industry's online ad revenue totaled $653 million, a 16 percent drop from last year.
It's OK.......who needs advertising.....we are a service based economy.
The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May.
YIPEEEEE....Bove and Whitney only thought it would be 200 or 300.....this will really help get rid of some of the dead weight.
The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.
FANTASTIC......and I was thinking it was under 10% this whole time.
At a town hall meeting Wednesday Sen. Jim Inhofe told Chickasha residents......"People are not buying these concepts that are completely foreign to America," Inhofe said. "We're almost reaching a revolution in this country."
REVOLUTION?....that must be partying Alstrybater style.
Aug. 28 (Bloomberg) -- Toyota Motor Corp. will shut an assembly plant for the first time in its 72-year history after the failure of a joint venture with General Motors Corp.
72 years and over 4500 employees!!!! We must be hitting bottom now....GM didn't go bankrupt in over 80......things sure looking up for the second half.....unless you are one of those 4500 or millions of others getting fired....but who cares if it is not me.
Come on guys....it is a jobless recovery in the second half.......and a failing bank recovery....you know, why do banks need to make any money in an economy based on leverage?......after all, just because we don't manufacture much anymore...even more so after the Toyota plant shuts down....it doesn't mean we can't be happy and pretend....pretending is fun....and Obama will send us all the checks we need.
THE CHINESE WILL PULL US OUT OF THIS....RELAX DON'T WORRY!!!!
Aug. 28 (Bloomberg) -- China Cosco Holdings Co., Asia’s biggest shipping company by market value, may cancel container- vessel orders after posting a second straight loss on slumping world trade.
WELL...MAYBE THE JAPANESE?
Japan's Jobless Rate Climbs to Record 5.7% in Blow to Aso on Election Eve
IT IS SO GREAT TO BE A BULL....THINGS ARE LOOKING SO GOOD FOR THE SECOND HALF....MAYBE I CAN GET OUT FROM UNDER ALL THIS DEBT BY DUMPING MY HOUSE?
Californians who lose their homes in a foreclosure, short-sale or deed in lieu of foreclosure this year could be hit with a state income tax on canceled or forgiven debt.
Maybe I can pay it off with a job from the state to pay off the tax from losing so much money on my house?
The National Conference of State Legislatures has released a new report on state budgets that shows that half of the states are projecting a cumulative shortfall of $142.6 billion for fiscal year 2010.
That's a gap the conference said will likely to "grow during the course of the fiscal year."
Whooops...too bad Toyota isn't hiring....but you know, things are looking up for the second half of the year......it is so great to be an Alstrybater.