News News News…..We Are Screwed Edition

FANNIE MAE LOSES $2.2 MILLION IN FIRST QUARTER
STUDENT LOAN FIRM TO CUT 500 JOBS
MERCK TO SPEED UP 1,200 JOB CUTS
MORGAN STANLEY TO CUT 5% OF STAFF THIS YEAR
JOB CUTS SOARED IN APRIL, BUT NOT FOR CEO’S
WHY THE U.S. EMPLOYMENT PICTURE IS MUCH GRIMMER THAN IT LOOKS
DOUBTS RAISED ON MORTGAGE AGENCIES
FORECLOSURE FILINGS MORE THAN DOUBLED IN FIRST QUARTER
MORE MIDDLE CLASS FAMILIES TURNING TO FOOD PANTRIES
ANALYST: $200.00 OIL COULD BE AHEAD
GET READY FOR $4.00 A GALLON MILK
SCHOOL KIDS FEEL THE BITE OF HIGH FOOD PRICES




