News News Archive Email A Friend April 19, 2024 Workers Compensation Bill 2024: One percent of employee’s salary to contribute to workers’ compensation fund in Kenya. April 15, 2024 Colorado Worker Shows Head Injury Happened as a Consequence of a Knock on the Head at Work April 4, 2024 Callfornia Division of Workers' Compensation Pharmacy and Therapeutics Committee Meeting Scheduled for April 17, 2024 April 3, 2024 California Division of Workers' Compensation Posts Adjustments to Official Medical Fee Schedule (DMEPOS)
| | Obama States 'Gears Of Our Economic Engine Slowly Turning Once Again' By Lonce LaMon - May 12, 2009The month of April 2009, which ended just 12 days ago, saw the smallest amount of private sector job cuts since last November 2008. This presents another hopeful economic sign, along with the fact that the data from payroll company ADP suggests the government's monthly jobs' report due out on Friday may not be as dire as feared.
In even another promising sign, mortgage applications rose last week even though mortgage rates hit their highest levels in weeks. The bulk of the applications came from prospective buyers, lending hope of a less dismal Spring buying season.
"The gears of our economic engine do appear to be slowly turning once again," U.S. President Barak Obama stated in a speech he made within the last few days.
Some more details about the results of the bank stress test are being leaked. In the worst case scenario, Bank of America is said to need a 34 billion dollar capital cushion, a source familiar with the situation told the London news agency, Reuters. Meantime, Citigroup is said to need 10 billion, but just under half of the 19 banks tested may not need any more capital, according to another source that communicated with Reuters. The results will be made public on Thursday. |