unemploymentUnemployment numbers ticked upward during July at a much slower pace than past months, leading many establishment forecasters to conclude that an economic recovery had already begun. The official unemployment rate actually shrunk from 9.5 percent to 9.4 percent, even though the U.S. economy lost an additional 247,000 jobs in July.

Senator GreggAccording to Senator Judd Gregg (R-N.H.), the United States is on its way to becoming a “banana republic” within 10 years.

out of moneyAccording to the latest figures from the U.S. Department of Commerce, Americans’ personal incomes dropped 1.3 percent in June, the biggest drop in four years.

Item: President Barack Obama, reported the Bloomberg news agency for July 11, “said his $787 billion stimulus bill ‘has worked as intended’ as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.”

bonus moneyNine financial firms that received a total of $32.6 billion through the government's Troubled Asset Relief Program (TARP) paid their top traders and bankers more than $5 billion in bonuses last year, even as those same firms lost $81 billion, according to a report released on Thursday by New York Attorney general Andrew Cuomo.