In April, the American economy lost over half a million jobs, and that’s still not quite as bad as expected. The Economic Policy Institute did all the heavy math to show us that we need 7 million new jobs — that’s 7,000,000 — to get back to where we were before the recession began. Don’t forget to look at their charts for job losses and unemployment rising as compared with past recessions.
Things are bad enough that USA Today had to run an item on whether or not multi-level marketing plans were “a good choice for you.” Well here’s a hint folks: when someone would rather sell you their business than their product, you don’t want it. If the product is so good, why on earth would they want more competitors selling it?
In Closing: Worst CEOs Ever; 33rd bank failure of the year (exceeding last year’s total already, and it’s only May); when torture enhanced interrogation becomes murder, you don’t get any “valuable intelligence” from them anymore; why Republicans wanted to curtail the ability of bankruptcy judges to address debtors’ biggest debt; the President demands a bill to crack down on credit card abuses; and Happy Mothers Day.