CHESSNOID

Random Noid Musings

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Housing bubble still deflating and foreclosures still skyrocketing

The stock markets closed up today and barely squeezed out a gain.  We were definitely oversold and when the leaked “Citicorp” fake memo came out stating they are profitable for the first 2 months even though they recently collected some bailout money, the investors were excited and started to do some major bargain shopping.  Today, [...]

The latest layoffs: teachers and school employees

Just like firemen and policemen, teachers are necessary for communities to thrive.  In my home state of California, one of the biggest cities just announced a major layoff.  LA Times:
L.A. Unified board OKs layoff notices to about 9,000 employees.
Because of the state and national fiscal crises, the district is facing a nearly $700-million shortfall over [...]