Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Unemployment and Recession taking United States of America to insolvency

Posted: December 25th, 2008 | Author: | Filed under: Recession News | Tags: , , , , , | No Comments »

A shocking report at AlterNet reveals that at least 12 states of USA are on the brink of insolvency. In 20 other states, the funds have lost value, even before the big job losses of the past two months.

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