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ResCap To Shed 700 More Jobs Amid Subprime Turndown Asia is likely to have 7.2 million more jobless people in 2009 than last year due to fallout from the global economic crisis, raising the region’s jobless rate to 5.1 percent. Your blog resource for current local news, events, and real estate market updates.
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ResCap To Shed 700 More Jobs Amid Subprime Turndown Bear Stearns cuts 240 subprime jobs.. About 140 more jobs will be cut at Bear Stearns Residential, which funds risky subprime mortgages and Alt-A loans for borrowers with decent credit, the. "This is our first year with sunflowers.
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No tears are being shed for these hedge. can’t pay our bills. Look for more companies to move overseas and the unemployment rate to increase into double-digits. As that all happens, crime will also.