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Posts Tagged ‘Economy’

Reagan’s Toll on the Middle Class

04 Feb

In the lead-up to what would have been Ronald Reagan's 100th birthday on Sunday, conservatives have been trotting out all manner of panegyrics to their patron saint and his creed of trickle-down economics. For 90 percent of the people in this country, here's what should matter:

Source: Economists Thomas Piketty and Emmanuel Saez as cited by PolitifactSource: Economists Thomas Piketty and Emmanuel Saez as cited by Politifact

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Google foreclosure maps

09 Dec

Barry sez,
Google Maps keeps evolving, expanding the ability to drill down into granular detail. The latest updated trick? Mapping foreclosures for sale. This great and terrible Google trick has been around at least since 2008 -- but it seems to have become much more robust earlier this year:

1. Punch any US address into Google Maps.
2. Your options are Earth, Satellite, Map, Traffic and . . . More. (Select "More")
3. The drop down menu gives you a check box option for "Real Estate."
4. The left column will give you several options (You may have to select "Show Options")
5. Check the box marked "Foreclosure."

I wanted to demonstrate the full extent of Foreclosures in the US, so after setting GMaps on foreclosure listings, I slowly zoomed out of the map. Voila! Most foreclosures that are for sale in the USA are now showing on your screen. (Note: This map does not reveal any of the millions of REOs that have already been sold by the banks that hold them).

Google Map Foreclosure Tricks (Thanks, Barry!)

 
 

The 10 Biggest Chapter 11 Bankruptcies In US History [Lehman Brothers]

17 Sep

CNBC has put together a quick slideshow list of the top 10 largest Chapter 11 bankruptcy filings in US history based on the pre-bankruptcy assets of the companies in question. It really gives you a sense of the incredible scale of the Lehman Brothers filing — the next closest bankruptcy was Worldcom, which had $103.9 billion in assets before the filing — 535.1 BILLION DOLLARS less than Lehman Brothers. Damn.

10. United Airlines
Assets: $25.2 billion
Date Filed: Dec. 9, 2002

9. Pacific Gas and Electric
Assets: $29.8 billion
Date Filed: April 6, 2001

8. Global Crossing
Assets: $30.2 billion
Date Filed: Jan. 28, 2002

7. Refco
Assets: $33.3 billion
Date Filed: Oct. 17, 2005

6. Financial Corp. of America
Assets: $33.9 billion
Date Filed: Sept. 9, 1988

5. Texaco
Assets: $35.9 billion
Date Filed: April 12, 1987

4. Conseco
Assets: $61.4 billion
Date Filed: Dec. 18, 2002

3. Enron
Assets: $63.4 billion
Date Filed: Dec. 2, 2001

2. Worldcom
Assets: $103.9 billion
Date Filed: July 21, 2002

1. Lehman Brothers
Pre-Bankruptcy Assets: $639 billion
Date Filed: Sept. 15, 2008

Biggest Chapter 11 Cases [CNBC]
(Photo: epak )


 
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