More than 400 US Banks Will Fail

More than half of the 800-plus US banks on the "critical list" are likely to go bust, according to renowned economist Nouriel Roubini of Roubini Global Economics.

http://www.cnbc.com/id/38986777



Sellers Cut Prices on 50% of Homes

Seven cities saw price reductions on more than half of their inventory, with Jacksonville, Phoenix and Minneapolis on top with 55 percent, 54.4 percent and 52.4 percent, respectively.

http://www.housingwatch.com/2010/09/03/sellers-cut-prices-on-50-of-homes/



Survey of employed finds 25 percent lost a job during recession

Just over a quarter of the nation's 139 million currently employed workers endured a bout of unemployment during the Great Recession, according to results of a Pew Research Center survey released Thursday. And they tend to be less satisfied in their current jobs than are other workers.

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/02/AR2010090204956.html


From Information Clearing House



http://sharenews.twoday.net/search?q=bank+failure
http://sharenews.twoday.net/search?q=recession
http://sharenews.twoday.net/search?q=unemploy
http://sharenews.twoday.net/search?q=Roubini

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