Salvation Army In Canada Reports 75 Percent Rise In Food Bank Demand The Past Year

The recession has spurred a higher demand for food amid a decline in donations received by relief and charitable organizations. According to the Salvation Army in Canada, demand for food service has jumped by almost 75 percent ... continue

Hopes Rise As New Jobless Claims Drop

New jobless claims dropped by 33,000 in the week ended Oct. 3, according to data released Thursday by the Labor Department. The seasonally adjusted 521,000 filing initial claims for state unemployment benefits is the smallest level since the ... continue

Bank Failures Prompt Near Record Amount Of Mortgage-Related Closings

Driven by 100 bank failures so far this year, mortgage-related failures and closings have already exceeded the total for last year's and are within two failures of a record, according to the Mortgage Graveyard -- a journal ... continue

YouTube user gets B of A to respond with calls for “debtor’s revolt”

YouTube user Rockerchic4God, also known as Arlene from True Blood Ann Minch, couldn't get any Bank of America employees pay attention to her when she had problems with her account. So she turned to YouTube. After being laid ... continue

Bernanke: World Beginning To Emerge From Financial Crisis

Washington, D.C. (AHN) - Federal Reserve Chairman Ben Bernanke was in Wyoming on Friday to address an annual economic symposium. Acknowledging that there are still more problems to face, Bernanke nonetheless asserted that the global economy has ... continue

The new “ghost towns”

Far from the kind that bring madcap Brady Bunch adventures, the NY Times recently commissioned a series on "the ruins of the second gilded age." Since the real estate market began tanking in the US, tales of modern ... continue

Matt Taibbi on the Great American Bubble Machine

In what can almost be described as an "Economic Meltdown For Dummies," Matt Taibbi's article "The Great American Bubble Machine" in the latest issue of Rolling Stone is a great primer on the machinations behind the current ... continue

Ken Karpman: from Hedge Fund CEO to Pizza Driver

Meet Ken Karpman. The UCLA MBA graduate is a former hedge fund CEO earning $750,000 a year. During his glory days, he traveled the world, purchased a huge house, and spent up big. One small problem though: ... continue

Depression Cooking with Clara a hit on YouTube

Youtube may have created its oldest star. 91 year old great grandmother Clara Cannucciari has started Depression Cooking with Clara, an instructional cooking series focused on recipes from the Great Depression. The pitch is simple: American has fallen ... continue

Interesting: Amex paying card holders to close their accounts

Need to get higher risk clients of your books? One way is to pay them to leave, and that's exactly what American Express is doing. Amex is paying a number of card holders $300 to close their accounts. "We ... continue

Rick Santelli flips out over foreclosure relief (video)

CNBC's Rick Santelli isn't a happy man. In a cross to the trading floor of the Chicago Mercantile Exchange, Santelli, backed by a cheersquad of traders rallied against President Obama's plan to not immediately foreclose on homeowners behind ... continue

GM Viability Plan: 47,000 jobs to go, Saab, Hummer and Saturn for sale, may close

General Motors (GM) will slash 47,000 jobs and attempt to sell off prime brands as part of a viability plan submitted to the US Government. GM was required to submit the viability plan as a condition of receiving ... continue