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New House Construction hits 17 Year Low

Construction for new homes has hit a 17.5 year low and signals the worst housing slump since the Great Depression. According to a report released by the Commerce Department, new house construction dropped 6.2% to an adjusted annual rate of 895,000 new homes this year. …

Recession Proof Industries: Part 1, Vices

Like I’ve posted in the past…plenty of people are losing their jobs because of the slumping economy. Well I’d like to start a series about recession proof industries. These are the cockroaches and Twinkies of industry.
Part 1
Vices.
Liquor – Of course liquor is an industry that …

Now I would like to talk about Sprint.

South Korea’s SK Telecom has showed interest in, once again, purchasing Sprint. Sprint…yes, THAT Sprint. I think Sprint has been getting a bad rap though. We’ve had Sprint for over 2 years, and have not had a problem with them. Their internet …

FBI probes IndyMac…IndyMac inevitably “probes” customers…

The FBI is starting an investigation into IndyMac about home loan fraud. (as of right now) No one knows when the FBI started their inquest, but I am pretty sure it started around the time the government seized the bank.
The FBI doing an inquest …