Famous™

Pete Carroll is the highest paid employee at USC making 4 times what the President of the school makes. Pete Carroll’s pay was $4.4 million dollars in the 2006-07 school year. Next in line is a dermatologist at Columbia named Steven M. Silvers who cleared $4.3 million. Mr. Silvers treats skin cancer helping potentially save lives.

Does USC think Pete Carroll is worth it?

According to the Bureau of Labor Statistics they reported an all time high unemployment rate of 7.2%, which amounts to approximately 11.1 million people. That statistic is up by 50% from last year. And from the start of the recession there have been approximately 2.59 million more jobs lost.

Goldman Sachs predicted that unemployment rates would be…

Approximately 7 months ago we began a recession in states like California, Florida, New Mexico, Michigan and Nevada; now in October we have 27 states that are in a recession. California currently has an unemployment rate of approximately 7% while other places like Rhode Island and Nevada have over an 8% unemployment rate.
However, some of the states are somewhat less affected by the current recession due to their particular economic climate. For instance, you have Alaska which because of their…

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Now that President Bush and Henry Paulson have been given the $700 billion that they have requested, they will use $250 billion to inject into banks. Their hopes are that this will work similar to a vaccine and prevent the ongoing spread of banking and financial failures that have occurred.

The breakdown of the initial $250 billion will be distributed to 9 banks such as:

-Citigroup
-Goldman Sachs
-Morgan Stanley
-Wells Fargo, etc…

Then the rest of the injection will be submitted

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House rejects the bailout package for a vote of 228 to 205:

Read more at nytimes.com…

The first thing that must be stated is that customers that had up to a $100,000 will be protected and receive their money which is guaranteed by the (FDIC) government. This means that you will be able to go to the bank and pull out your money in an orderly fashion.

Famous™ WaMu otherwise known as Washington Mutual has been seized by the Federal Government. Why? Because there has been a customer panic and in just 10 short days WaMu’s customers pulled out…

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Okay maybe not a trillion, but how about $700 billion give or take a couple of billion. That is the financial rescue plan that Henry M. Paulson Jr., has been trying to push.

The Federal Reserve chairman, Ben S. Bernanke, appeared with Mr. Paulson before congress and said about the financial system

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