Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (207681)	6/20/2009 11:45:50 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 306849

Somebody around here was buying into that green shoots crap last week on the continuing claims crap. Here's a wake up call. -ng- freep.com === No cash for some jobless 34% of out-of-work Michiganders can't collect assistance BY KATHERINE YUNG • FREE PRESS BUSINESS WRITER • JUNE 20, 2009 Despite billions of federal dollars being poured into Michigan's unemployment benefits program, the safety net for jobless workers doesn't stretch far or wide enough for a growing number of residents as the state jobless rate hits its highest mark in a quarter-century. More than 232,000 jobless Michiganders -- 34% of the unemployed -- were not eligible for benefits due to the program's rules, many of which were established decades ago. Another major problem: A growing number of unemployed residents are running out of the benefits, even though payments have been extended several times. The Michigan Unemployment Insurance Agency estimates that between May and December, more than 99,000 Michiganders will have exhausted their 79-week benefits. They face a job market that's expected to get only worse as more auto plants close. These problems are coming to a head as Michigan's unemployment rate soars. In May, it climbed to 14.1%, the highest since July 1983. "What are we going to do about that as a society, as a government?" asked Rick McHugh, an attorney for the National Employment Law Project, an advocacy group for low-wage and jobless workers. If Michigan changes a few of its rules, federal money is available to help one group of unemployed workers to obtain the benefits. But so far business groups are resisting the move. Jobless workers urge benefit changes Thanks to recent government efforts, unemployment benefits in Michigan now last about 1 1/2 years. The problem: about a third of the state's jobless people are not eligible for this assistance. The benefits -- a government safety net created during the Great Depression -- have become increasingly important as thousands of Michigan workers lose their jobs each week. But long-standing rules that govern the program exclude a variety of workers, including many part-time employees, self-employed people and certain commission-based professionals

To: NOW who wrote (207681)	6/20/2009 11:52:39 PM
From: John Chen	Respond to of 306849

"Is their some sort of stupid virus in circulation?" Yes, yes, yes. The country deserves the initial dose of stupidy and the last 8+ years have built a very strong foundation on that path. .. and no change in course, full speed ahead, with a different locomotive at the front.

To: NOW who wrote (207681)	6/21/2009 1:20:43 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Obama has tried to change the basic way in which we think about large issues.<< no, i think he's right, in a wrong headed sort of way. obama is trying to change the way we think about large issues. who else would think that... 1. it is ok for billionaire bankers to get trillions in welfare 2. it is better to move forward than to prosecute financial crime that brought down the world economy 3. expanding war is the fruition of a promise to eliminate war 4. blatant breaking of well established laws to enrich political constituencies is the new american way 5. obama is from the government and he's here to help you 6. being a banana republic isn't so bad after all i could go on and on and on, but i don't think that is what the author had in mind when he penned those words.