Half a million jobs lost in November

Posted by | Posted in Life | Posted on 05-12-2008

533,000 non-farm jobs lost in November. That’s far more than the 350,000 that analysts were expecting.  More details:

U.S. Sheds Over Half Million Jobs

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Written by Jean Valjean

In rush-hour labor, ticket delivered

Posted by | Posted in Society | Posted on 05-12-2008

All too often, the congested roads of Greater Boston conspire with the vagaries of childbirth to leave a mother-to-be in a car on the roadside at one of life’s most critical moments. A hard-bitten state trooper shows up and morphs into a highway midwife, clearing the newborn’s nose and mouth, cutting the cord, and sometimes even saving a life.

This is not one of those stories.

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Links for 12/04/2008

Posted by | Posted in Politics | Posted on 04-12-2008

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AT&T Cutting 12K Jobs in Dallas

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And, on the lighter side of the news:

Class Ring lost 21 years ago in a lake turns up inside a bass fish

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Written by Jean Valjean

Links for 12/03/2008

Posted by | Posted in Society | Posted on 03-12-2008

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Car sales for November 2008 fall off a cliff, even for imports

Mortgages in delinquency expected to double in 2009

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Written by Jean Valjean

R.I.P. Doris “Tanta” Dungey

Posted by | Posted in Life | Posted on 01-12-2008

The blogger Tanta, an influential voice on the mortgage collapse, died Sunday morning in Columbus, Ohio.

Tanta, who wrote for Calculated Risk, a finance and economics blog, was a pseudonym for Doris Dungey, 47, who until recently had lived in Upper Marlboro, Md. The cause of death was ovarian cancer, her sister, Cathy Stickelmaier, said.

Thanks in large part to Tanta’s contributions, Calculated Risk became a crucial source of prescient analysis as the housing market at first faltered, then collapsed and finally spawned a full-blown credit crisis.

Tanta used her extensive knowledge of the loan industry to comment, castigate and above all instruct. Her fans ranged from the Nobel laureate Paul Krugman, an Op-Ed columnist for The New York Times who cited her in his blog, to analysts at the Federal Reserve, who cited her in a paper on “Understanding the Securitization of Subprime Mortgage Credit.”

Read the rest of this entry »

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Written by Jean Valjean