Hi Rama, yep RBN too does good interviews.
BOB CHAPMAN interviewed many times during the day on various shows.
See shows that are posted regularly at:
The Bob Chapman Channel:
http://www.youtube.com/user/TheBobChapmanChannel
Figures Indicate Declines In Net Worth And A Difficult Path To Recovery
By:
Bob Chapman
Posted: December 12 2009
real property value losses and a recovery hindered by more foreclosures and higher interest rates, employment to remain flat, figures indicate record losses, continued worries for the economy,
Congressional appropriators agreed Tuesday night to give civilian federal employees a 2 percent pay increase -- which includes a locality pay increase President Obama didn't want.
Government workers will get a 1.5 percent nationwide increase in base pay and a 0.5 percent average increase in locality pay. The final agreement goes against the wishes of Obama, who called for a flat 2 percent jump and no locality increase.
Locality pay helps address the gaps between federal pay and private sector wages in high-cost areas of the country. The Federal Salary Council estimates the current private-public gap is about 26 percent, on average. Locality increases mean a federal worker in Cincinnati might get a smaller increase than a worker in Washington, D.C., because of local costs of living. [Why aren’t Social Security recipients and disabled veterans receiving their COLA raises for the next few years as well?]
US homeowners have lost about $5.9 trillion in value since the housing market’s peak in March 2006 as mounting foreclosures and the recession weighed on prices, according to Zillow.com.
Continues: http://www.theinternationalforecaste...th_To_Recovery