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There are 60k to 70k condominiums coming online in south Florida over the next 18 months, even amidst the anemic demand. Many of the projects have been taken over and are being finished by the lenders who foreclosed on developers, including people such as the condo kink of Miami, Jorge Perez...

Jul 30, 9:18 AM EDT New jobless claims rise more than expected WASHINGTON (AP) -- The government says the number of newly laid-off workers filing first-time claims for jobless benefits rose last week, though the increase was mostly due to seasonal distortions. Graphic shows change...

And in the meantime, dozens of large manufacturing plants a day are closing in the United States: Thursday, July 30, 2009 Rieter Automotive closing Indiana factory Associated Press Lowell, Ind. -- Rieter Automotive North America plans to close a northwestern Indiana factory by the end...

Thursday, July 30, 2009 Dow Chemical loses $486 million Associated Press Midland -- Dow Chemical says it lost $486 million in the second quarter because of charges related to the buyout of rival Rohm & Haas and dismal sales for chemicals used in everything from plastic bags to cars...

Thursday, July 30, 2009 Volkswagen's second-quarter profit plummets 83 percent Matt Moore / Associated Press Berlin -- German automaker Volkswagen AG said Thursday that its second-quarter net profit plummeted 83 percent on lower sales of its cars -- from Audis to Skodas -- as consumers...

Thursday, July 30, 2009 'Crowdsourcing' offers quick buck Nicholas Diakopoulos / Sacramento Bee With the economy reeling and California's unemployment rate moving toward 12 percent, many people are looking at all options for earning an extra buck or two. Amazon Mechanical Turk -- an...

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aAXgbJTzHp4M Commercial Real Estate Is a ‘Time Bomb,’ Maloney Says (Update2) Share | Email | Print | A A A By Dawn Kopecki July 9 (Bloomberg) -- The $3.5 trillion commercial real estate market is a ticking “time bomb” that may...

I couldn't agree with you more.

Do any of you like Gladiator movies? Or speak jive? <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/bfDCRAtODa0&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

The answer is really based on circular reasoning. Keynes coined the phrase, and stated that cost-push occurred when labor and/or materials increased in price suddenly while demand for the end product remains constant. It's definitely real, IMO, since Keynes framed what it was. We can...

I hate to say it, but nothing surprises me. Nothing. There is nothing at all that I wouldn't believe given the absolute corruption festering all around.

http://www.nytimes.com/2009/07/29/opinion/29wilmott.html Hurrying Into the Next Panic? By PAUL WILMOTT Published: July 28, 2009 Istanbul ON vacation in Turkey, I am picked up at the airport by a minibus. It’s past midnight, pitch-black, the driver is speeding around corners...

You think so, huh? Tell that to the people who died and were paralyzed in 1976 when everyone was told the influenza vaccine was perfectly safe. http://www.washingtonpost.com/wp-dyn/content/article/2009/05/08/AR2009050802050.html

There's a rumor that Morgan Stanley is about to downgrade Goldman Sachs.

I will not get any vaccine. There is nothing under the Posse Comitatus Act that prevents the National Guard or even branches of the regular military from conducting non-law enforcement operation on U.S. soil, so they could certainly help setting up bases to help civilians in a time of...

http://news.bbc.co.uk/2/hi/business/8173807.stm Woes continue for world carmakers Last updated at 10:54 GMT, Wednesday, 29 July 2009 11:54 UK Carmakers PSA Peugeot Citroen, Daimler and Nissan have all reported big losses in the face of continuing declines in global vehicles sales...

Well, if you have a fleet of 600 ships, it's like having 200+ of them requiring no fuel at all, based on the annual fuel savings.

China Sparks Drop in Emerging-Market Stocks; Oil, Copper Fall Share | Email | Print | A A A By Gavin Serkin and Laura Cochrane July 29 (Bloomberg) -- Chinese stocks plunged the most in eight months, dragging emerging markets lower, on speculation the government will curb investment to...

Translation: Get ready for the government tax-you-up-the-ass with higher income taxes, capital gain taxes, sales, fee, permit and service taxes. Also, there are 30 million Americans unemployed, or 20% of the workforce, according to the broadest (and purest) form of unemployment measures.