“We continue to see high unemployment nationally and in our local markets. And the outlook for improvement in economic growth, which we believe is necessary to drive loan demand, remains questionable.”-Len Williams, Home Federal Bancorp
Home Federal Bank will close six branches in Idaho and Oregon. Officials hope it will save the bank […] Continue Reading…
September 29, Boise based Micron reports losing money for the first time since 2009. For the quarter ending September 1, Micron lost U.S.$135 million.
That’s a big drop compared to the previous quarter when the Idaho memory chip maker (they also make computers) reported a $75 million profit!
The loss is being blamed on a drop […] Continue Reading…
September 29, the Russian navy successfully launched a new submarine based ICBM. The Inter Continental Ballistic Missile was launched from the Tula nuclear powered submarine in the Barents Sea.
Russian officials say the warheads hit their targets in Kamchatka in the Russian Far East. It has longer range than older submarine based ICBMs, and […] Continue Reading…
“This investigation and prosecution focused not only on the sellers, but also on the users because of the critical role that these employees play in manufacturing military aircraft.”-Zane David Memeger, U.S. Attorney General’s office
After a four year investigation, 37 current and former employees at the Boeing plant in Philadelphia, have been arrested […] Continue Reading…
September 30, Japan’s Mizuho Financial Group will invest big time in a major Vietnamese bank, Vietcombank, all in an effort to profit off Vietnam’s explosive economic growth.
Even officials with the U.S. bank Citigroup is amazed at how well Vietnam’s economy is doing.
Currently Vietnam’s GDP is at 6.11%. Very good, but less than their 2010 […] Continue Reading…
“The findings of this survey show declines in each category of economic measurement.”-Jim McNerney, Chairman of Business Roundtable and Chairman, President and CEO of The Boeing Company
September 29, according to Business Roundtable, more than half of the biggest companies in the United States will not hire any new employees for at least six months.
In […] Continue Reading…
Two weeks later, instead of fizzling out like so many greedy corporate America loving right wing nut jobs predicted, the Occupy Wall Street protestors are still there, and they’re growing, nearly 2,000 at last count.
On top of that, ‘Occupy’ protests are spreading to other cities. Some have fizzled out, while others continue.
In Los Angeles, […] Continue Reading…
The cost of getting a higher education in the United States has increased by 29% in just the past five years, and, despite the rhetoric from Corporate America and universities, many jobs taken by college graduates do not require a college degree!
First off, approximately two thirds of all college students graduate with […] Continue Reading…
September 29, according to the Federal Bureau of Labor Statistics, last month Texas fired 900 people from education related jobs.
It’s part of the U.S.$4 billion in cuts to Texas public schools, that Governor Rick Perry approved this year!
As an example of how bad it’s getting in Texas; near Austin, two newly built […] Continue Reading…
“This unemployment situation we have, the jobs situation, is really a national crisis. We’ve had close to 10% unemployment now for a number of years and, of the people who are unemployed, about 45% have been unemployed for six months or more. This is unheard of!”-Ben Bernanke, Federal Reserve Chairman
September 29, […] Continue Reading…