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Debt Consolidation & Mississippi Credit Counseling

Friday, January 9th, 2009

East Side Mississippi

Our East Side Mississippi debt consolidation program allows you to make a single monthly payment that is in turn distributed to your creditors.

Since the average Mississippi household has 14 credit cards, debt consolidation companies were created to help those families concerned with credit debt elimination.


FREE East Side Mississippi Debt Consultations
FREE East Side Mississippi Debt Consultations

We have qualified counselors standing by to help you with a specialized debt consolidation program. Resident of East Side MS Mississippi can fill out the form on the right for a FREE Mississippi debt consultation now!



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.
 
US unemployment hits 7.2% as 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 - The US economy lost a massive 524,000 jobs in December, sending the unemployment rate to a 16-year high of 7.2 percent, according to official data published 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 unemployment rate surged to its highest level in nearly 16 years in December as a deepening economic slump forced companies to slash payrolls by more than half a million jobs.


 
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.
 
CVS Caremark issues disappointing 2009 forecast (AP)
AP - Drugstore operator and pharmacy benefits manager CVS Caremark Corp. on Friday forecast a smaller 2009 profit than Wall Street expected, pointing to uncertainty in the U.S. economy.
 
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. The labor market is expected to remain weak as mass layoffs continue.


 
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.
 
Coca-Cola says Malaysia boycott will hurt economy (AFP)

Coca Cola billboard. Coca-Cola spoke out Friday against a boycott of its drinks and other US goods called by Malaysian Muslim groups over the Gaza offensive, saying it would only hurt the local economy and citizens.(AFP/File/William West)AFP - Coca-Cola spoke out Friday against a boycott of its drinks and other US goods called by Malaysian Muslim groups over the Gaza offensive, saying it would only hurt the local economy and citizens.


 
Obama Begins Selling Americans the Stimulus Plan (BusinessWeek Online)
BusinessWeek Online - President-elect Barack Obama rocketed to national prominence and won the battle for the nation's highest office in large part thanks to his extraordinary communication skills. Now, just 12 days before he takes office, he's turning to those skills to convince Americans that his ambitious $775 billion stimulus plan will go a long way to helping pull the U.S. economy out of its deep funk.
 
Wall Street: The Bright Side of a Bad 2008 (BusinessWeek Online)
BusinessWeek Online - Last year was that rare wrinkle in history when everything that could go wrong did go wrong. Stocks and real estate imploded. Bank failures abounded. Fannie Mae, Freddie Mac, and AIG became wards of the state, while the Federal Reserve had to double its balance sheet in the course of a few weeks.
 
Obama team working on overhaul of financial rescue (Reuters)

President-elect Barack Obama (L) leaves the podium with Timothy Geithner, president of the New York Federal Reserve Bank, after announcing that he will become Treasury Secretary during a news conference in Chicago, November 24, 2008. (John Gress/Reuters)Reuters - President-elect Barack Obama's economic team is working on an overhaul the $700 billion financial rescue program with the aim of doing more to spur the flow of credit to the struggling U.S. economy, an Obama aide said on Friday.


 
Rifts show as Obama urges quick action on stimulus (AP)

President-elect Barack Obama arrives to speak about the economy, Thursday, Jan. 8, 2009, at George Mason University in Fairfax, Va. (AP Photo/Charles Dharapak)AP - Lawmakers are under orders to finish action on President-elect Barack Obama's nearly $800 billion economic recovery plan by mid-February. But already it is plain that a set of serious fissures need to be bridged if the bill is to be completed within five weeks.


 
Panasonic restructures as crisis bites (Reuters)

Customers look at Panasonic television sets at an electronic shop in Tokyo January 9, 2008. (Issei Kato/Reuters)Reuters - Japanese electronics maker Panasonic Corp (6752.T) will cut its investment in two new flat-screen TV plants by about $1.5 billion and exit unprofitable businesses as the global economic slump slices into its profits.


 
European shares extend losses (AFP)

Stock brokers go about their business at the stock exchange in Frankfurt/M, 2008. Europe's main stock markets extended recent losses as traders reacted to more negative economic news from around the globe while awaiting key US jobs data.(DDP/AFP/File/Martin Oeser)AFP - Europe's main stock markets on Friday extended recent losses as traders reacted to more negative economic news from around the globe while awaiting key US jobs data.


 
World waits on jobs data as recession weighs (Reuters)

Shoppers walk down Fifth Avenue past a store going out of business in New York, December 7, 2008. (Chip East/Reuters)Reuters - Steep falls in European industrial output underlined the severity of the world economic crisis on Friday and more grim news was on the way with the United States expected to report the biggest monthly job cuts in more than 30 years.


 
British manufacturing output slumps in November (AP)
AP - British manufacturers experienced in November one of their worst months since the mid 1980s as export markets dried up, firms went bust and domestic demand was reined in, official figures showed Friday.
 
Euro falls slightly against US dollar (AP)
AP - The 16-nation euro fell slightly Friday in early trading against the U.S. dollar as traders looked ahead to unemployment data from Washington later in the day.
 
Renault clings to market share as sales drop (Reuters)

A Renault car is displayed at a dealership in Biarritz, southwestern France, November 18, 2008. (Regis Duvignau/Reuters)Reuters - French carmaker Renault on Friday posted a 4.2 percent drop in 2008 sales in a world market that fell 4.8 percent as the global financial and economic crisis hit vehicle sales.


 
Paulson Bailout Didn’t Give Taxpayers What Goldman Gave Buffett (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.
 
Great Depression jobs parallel may not be far flung (Reuters)

File photo of unemployed people looking for a job during the Great Depression, 1935. (Franklin D. Roosevelt Presidential Library and Museum/National Archives and Records Administration/Handout/Reuters)Reuters - When economists tell us the current U.S. slump could never turn into another Great Depression, they all point to one thing: one of four Americans was out of work in the 1930s.


 

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