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Mortgage Loan Delinquency Rates Rise for Seventh Straight Quarter

added: 09-12-2008

Mortgage loan delinquency (ratio of borrowers 60 or more days past due) increased for the seventh straight quarter, hitting a national average high of 3.96 percent for the third quarter of 2008.

58 Percent of Union Members in the United States Oppose Big Three Bailout

added: 09-12-2008

As Congress mulls whether or not to spend anywhere from $15 to $34 billion in taxpayer money to bailout Ford, General Motors and Chrysler, a new ATI-News/Zogby poll shows a clear majority of Americans, including union employees, oppose such a bailout.

Holiday E-Commerce Season Sales Finally Match Last Year as Two Workdays This Past Week Each Surpass $800 Million in Online Spending

added: 08-12-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 35 days of the November - December 2008 holiday season. For the holiday season through December 5, $14.92 billion has been spent online, essentially the same level compared to the corresponding days last year. For the five days beginning with December 1 (Cyber Monday), the kick-off to the heaviest part of the online shopping season, sales totaled $3.74 billion, up 9 percent versus year ago.

Online Banking During a Financial Crisis

added: 08-12-2008

Consumers have flocked to the Internet for advice on how to cope with the global financial crisis, according to comScore World Metrix. The research company said visits to financial news and research sites grew 10% to 8.8 million visitors in September, during the height of the financial crisis, from the previous month.

Spherion Employee Confidence Index Suggests U.S. Workers Slightly More Optimistic in November 2008

added: 08-12-2008

The Spherion Employee Confidence Index increased 0.5 points to 42.0 in November. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that slightly more workers expressed confidence in the future of their current employer and in their ability to find a new job. More workers are also likely to look for a new job in the next year, with 35 percent reporting a likelihood of doing so compared to 31 percent in October.

MBA Report Shows Crisis Deepens as Efforts to Stop Foreclosures Fail

added: 08-12-2008

We learn from the Mortgage Bankers Association (MBA) that at least one out of every 10 homeowners is behind on their mortgage or already facing foreclosure, a fact that underscores what we already know is the gloomiest housing picture in the United States in decades, possibly ever.

US Employment Situation in November 2008

added: 08-12-2008

Nonfarm payroll employment fell sharply (-533,000) in November, and the unemployment rate rose from 6.5 to 6.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported. November's drop in payroll employment followed declines of 403,000 in September and 320,000 in October, as revised. Job losses were large and widespread across the major industry sectors in November.

Major Retailers Experience 161% Increase in Attempted Hacker Attacks

added: 08-12-2008

SecureWorks(R)reports they have seen a 161% increase in the number of attempted hacker attacks they are blocking for their retail clients. Attempted attacks increased from an average of 56,000 per client per month in the first six months of the year to 133,000 per client per month for the last five months.

Companies Step Up Workforce Planning Activity in Response to Economic Slowdown

added: 08-12-2008

As companies begin to feel the effects of the economic downturn, they are ramping up their workforce planning activities, according to a survey by Watson Wyatt Worldwide, a global consulting firm.

Deloitte: One-Third of Companies Still Have No Policy on Legal Holds for Discovery

added: 08-12-2008

One-third (30 percent) of attorneys and executives polled by Deloitte said their companies have no formal policies and procedures in place regarding legal holds, the process by which companies preserve evidence subject to discovery for lawsuits and other legal and regulatory matters.

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