According to an article in the Star-Telegram, a Florida appeals court chastised a judge for granting extensions in a foreclosure case for compassionate reasons. The article said: "The Third District Court of Appeal ruled last week that Circuit Judge Valerie Manno Schurr could not grant extensions solely on grounds of benevolence or compassion. Schurr had [...]
Are you one of the 5 million Americans who have remained unemployed for more than six months? There are more than 14 million unemployed Americans and five million of them are facing long-term unemployment that could extend well past a year. Even after the economy improves, many analysts expect that the unemployment rate will continue [...]
Texas' Unemployment Fund According to an article in the Dallas Morning News, the Texas unemployment compensation fund is out of money and relying on loans from the federal government to survive. New taxation for businesses is probably the only way to get out of the red; but officials are hesitant to hit businesses with higher [...]
According to an article in the Dallas Morning News, the Labor Department announced that new claims for unemployment insurance benefits dropped last week to a seasonally adjusted 521,000. The article said: "Despite the improvement, initial claims remain well above the 325,000 that economists say is consistent with a healthy economy." Also, there are still 8.9 [...]
According to an article in the Associated Press, the nation's largest construction subcontractor, Building Materials Holding Corp., will pay nearly $475,000 to a group of construction workers under a legal settlement approved by the bankruptcy judge overseeing the company's Chapter 11 proceedings. The article said: "The lawsuit accused the company and its subsidiaries, including San [...]
According to an article in the Star-Telegram, Texas Health Resources is implementing its third round of job losses this year. More than 100 Texas Health Resources employees have suffered job losses this year, including 23 workers at the Texas Health Harris Methodist Hospital Fort Worth. The article said: "The layoffs, announced to employees on Sept. [...]
According to an article in the Dallas Morning News, first-time claims for unemployment insurance benefits increased more than expected last week. The Labor Department reported that initial unemployment insurance claims rose to 551,000 from 534,000. Analysts had expected that unemployment claims would only rise to 535,000. "Economists closely watch initial claims, which are considered a [...]
It's seems to be getting tougher out there for Americans who are struggling financially, facing foreclosure and/or bankruptcy. According to an article in the Dallas Morning News, as millions of Americas face job losses, more employers are choosing to run credit checks on prospective workers. And what's on a candidate's credit report may affect whether [...]
According to an article in the Star-Telegram, the Texas unemployment rate hit 8 percent for the first time in 22 years. The last time the state experienced unemployment numbers that high was during the 1980's oil bust. But despite Texas' high unemployment rate, the state is still fairing better than the country as a whole, [...]
According to an article in the Star-Telegram, young people between the ages of 25 and 29 and women over age 55 are being hit hardest by job losses and prolonged unemployment. The article said: "Places with high concentrations of people in their late 20s or nearing what they thought would be their retirement age are [...]