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Debt Consolidation & California Credit Counseling

Friday, January 9th, 2009

Cool California

Our counselors will work with the residents in Cool CA to put together a program that fits each need. If you are looking to consolidate debt or plan for the future our counselors are waiting to help. They will teach you the tools necessary to make sound fiscal decisions, and educated choices on which options are right for those in CA.

For residents of Cool CA, credit consolidation services and debt consolidation has been a safe and reasonably fast and easy way to get out of debt.


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FREE Cool California Debt Consultations

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Related Debt News for our Cool CA visitors



Obama labor pick vows to help combat recession (Reuters)
Reuters - President-elect Barack Obama's pick for top U.S. labor official vowed on Friday to fight the recession by helping people find jobs and said the right to join a union "is the basic premise of our democracy."
 
US unemployment surges to 7.2 pct, 524,000 jobs lost (AFP)

A man looks at job listing at a federally-funded job search center in Pasadena, California, 2008. According to official data the US economy shed 524,000 jobs in December, sending the unemployment rate to 7.2 percent.(AFP/File/Robyn Beck)AFP - US unemployment surged to a 16-year high of 7.2 percent as a deepening recession pushed employers to shed a massive 524,000 jobs in December, capping a yearly loss of 2.6 million, data showed Friday.


 
US Treasury slammed over handling of financial bailout (AFP)

A view of the Treasury Department. A US congressional panel Friday criticized the Treasury over its handling of a 700 billion financial bailout fund and its strategy of rescuing troubled enterprises.(AFP/File/Karen Bleier)AFP - A US congressional panel Friday sharply criticized the Treasury for its handling of a 700 billion financial bailout fund, as lawmakers moved to demand more transparency and accountability.


 
Paulson Bailout Didn’t Give Taxpayers Buffett’s Terms (Bloomberg)
Bloomberg - Jan. 9 (Bloomberg) -- Henry Paulson may be the most powerful manager of money in the world and he still couldn’t do for taxpayers with the $700 billion bailout of American banks what Warren Buffett did for his shareholders in investing in Goldman Sachs Group Inc.
 
Obama says his economic plan will be refined (AP)

US President-elect Barack Obama speaks as he nominates Leon Panetta (L) as director of the Central Intelligence Agency and retired admiral Dennis Blair (R), as National Intelligence director.(AFP/Mandel Ngan)AP - President-elect Barack Obama said Friday that he and Congress will "hone and refine" his nearly $800 billion economic recovery plan, as he seeks to patch fissures with senior Democrats over key features of the still-emerging plan.


 
Jobless rate jumps to 7.2 percent in December (AP)

Steve Pruitt, from Belle Chasse, La., fills out an employment application during a Dollar General job fair in Metairie, La., Thursday, Jan. 8, 2009. The nation's unemployment rate bolted to 7.2 percent in December, the highest since early 1993, as nervous employers slashed 524,000 jobs. (AP Photo/Alex Brandon)AP - The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.


 
Boeing cuts 4,500 jobs (Reuters)

The first Boeing 777 freighter is displayed outside a hangar prior to its debut ceremony at the company's factory in Everett, Washington in this May 21, 2008 file photo. (Robert Sorbo/Reuters)Reuters - Boeing Co became the latest U.S. industrial giant to cut jobs on Friday, shedding 4,500 workers from its commercial plane operations, or about 7 percent of the unit total, as it looks to trim costs in the face of a global recession.


 
Obama: US economy 'dire,' urges action on plan (AFP)

US President-elect Barack Obama speaks on the economy at George Mason University in Fairfax, Virginia. US economic conditions are AFP - President-elect Barack Obama said Friday that staggering new job loss figures showed the need for Congress to urgently pass his plan to revive the "dire" and "deteriorating" US economy.


 
Dollar strengthens after jobs figures (AFP)

A bank employee counts US dollar bank notes. The euro fell sharply against the dollar despite weak US unemployment figures, which analysts said were in line with forecasts.(AFP/File/Jung Yeon-Je)AFP - The euro fell sharply against the dollar despite weak US unemployment figures, which analysts said were in line with forecasts.


 
Worried Americans cut spending as jobs disappear (Reuters)
Reuters - Americans, already anxious about losing their jobs, faced Friday's news of deepening unemployment with grim resignation and vowed to cut their spending further, update their resumes and brace for survival in what many expect will be a long, painful recession.
 
US aerospace giant Boeing to shed 4,500 jobs (AFP)

The Boeing logo on a building at the Boeing plant in Huntington Beach, California. US aerospace giant Boeing said Friday it would cut about 4,500 jobs beginning next month amid a weakening global economy.(AFP/File/Robyn Beck)AFP - US aerospace giant Boeing said Friday it would cut about 4,500 jobs beginning next month amid a weakening global economy.


 
Mexico central banker: 4Q economic growth negative (AP)
AP - Mexico's economy contracted in the fourth quarter and could post negative growth in 2009, Central Bank president Guillermo Ortiz said Friday, as the U.S. recession slashes exports.
 
Panel criticizes Treasury use of TARP funds (Reuters)
Reuters - The U.S. Treasury has done nothing to ensure a $700 billion financial bailout fund is used to stabilize the weak mortgage market, which caused the U.S. economic crisis, a congressional watchdog said on Friday.
 
Jobless rate at 16-year high as payrolls plunge (Reuters)

Employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, a government report showed on Friday, suggesting that the year-long recession was deepening. (Graphic/Reuters)Reuters - The U.S. unemployment rate surged to the highest level in nearly 16 years last month as a deepening year-long recession forced companies to cut payrolls by more than half a million jobs, data showed on Friday.


 
KB Home reports worse-than-expected quarterly loss (Reuters)
Reuters - KB Home posted a worse-than-expected quarterly loss on Friday and said unprecedented pressures on the industry and the economy would remain difficult or worsen, sending its shares lower.
 
Brazil inflation meets central bank target in 2008 (AP)
AP - Brazilian consumer prices rose 5.9 percent in 2008, their greatest gain since 2004 but still lower than previously forecast.
 
Obama says jobs report shows need for action (AP)
AP - President-elect Barack Obama says America is facing a "devastating economic crisis" and the time to act is now.
 
Will Americans put on "recession pounds"? (Reuters)

A man eats a McDonald's hamburger in Miami Beach, Florida in this July 27, 2008 file photo. Americans may reduce the amount they spend on food in response to a sour economy but some experts fear they may pick up weight in the process. The specter of 'recession pounds' is a concern weighing on health professionals who point to numerous studies linking obesity and unhealthy eating habits to low incomes. There is anecdotal evidence to support such concerns including the success of U.S. fast-food giant McDonald's, which has a low-priced menu that is high in fat and calories. To match feature FINANCIAL/OBESITY (Carlos Barria/Files/Reuters)Reuters - Americans may reduce the amount they spend on food in response to a sour economy but some experts fear they may pick up weight in the process.


 
Crude falls below $40 for first time in 2009 (AP)

Bar chart showing EU countries' dependency on gas imports from Russia. Wrangling over pipeline monitors delayed the restoration of Europe's shut-off gas supplies from Russia on Friday, with the EU pushing hard to end a crisis that has left thousands without heating.(AFP/Graphic)AP - Oil prices dipped below $40 per barrel Friday for the first time this year as the government reported the nation's worst annual job losses since World War II.


 
AMD expects fourth-quarter restructuring and impairment charges (Reuters)

A Hewlett-Packard Pavilion laptop is shown next to a laptop displaying the 'Engine Room' Notebook Design Contest winning design during an Industry Insider session on the first day of the 2009 International Consumer Electronics Show (CES) in Las Vegas, Nevada, January 8, 2009. (Steve Marcus/Reuters)Reuters - Chipmaker Advanced Micro Devices Inc expects to report restructuring and impairment charges amid a weaker economy and falling shares, according to a regulatory filing on Friday, although it gave no estimates.


 

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