Life Without Oprah

            This shows a picture of a rehab center which includes welcoming people who were obsessed with watching Oprah because her show went off the air as of Tuesday.

Foreclosures for sale: Big supply, low prices

           Las Vegas has so many foreclosures that 53% of all the homes sold in Nevada are in some stage of foreclosure.  Foreclosures represent 45% of sales in California and Arizona, and 28% of all existing home sales during the first three months of 2011.  With the slowed sales pace, it will take three years to burn through the inventory of 1.9 million distressed properties, according to Sharga.


http://finance.yahoo.com/news/Foreclosures-for-sale-Big-cnnm-2801454840.html

Bank Robbery

The Fate of Huguette Clark's Fortune

          The intensely reclusive copper heiress Huguette Clark died on Tuesday, she was 104. Now, the fate of her estimated $500,000,000 fortune she inherited from her copper mining magnate father, W.A. Clark will have to be determined.  She divorced in 1930 and never remarried. After her mother Anna died in 1963, she cut herself off from the world, shutting herself into the family's massive apartments at 907 Fifth Avenue, in New York.  The family owns the entire eighth floor and half of the twelfth--42 rooms in all. There's also a beach house in Santa Barbara that she hasn't visited since the 1950s and a country house in New Canaan, Conn., currently for sale for $23 million.
         Also, her only apparent family seems to be nieces, nephews, and cousins.  In my opinion, I believe either the fortunes should be kept in the family, or let someone buy most of the realist ate and use some of the money to pay off any fees, debts, and commissions for the employees and lawyers.  Honestly, if she wasn't so reclusive from the public; she would probably have made some type of will where closely related relatives and friends could receive some inheritence.


http://news.yahoo.com/s/atlantic/20110524/ts_atlantic/fatehuguetteclarksfortune38100

How Domino’s Delivered a Tasty Turnaround

          Recently, some purveyors of chow are thriving, including Domino's Pizza. The chain's stock is near a 52-week high.  In its most recent quarter, Domino's reported the same-store sales in the U.S. fell 1.4 percent compared to the year-before quarter. But, international same store sales grew 8.3% in the first quarter, marking the 69th consecutive quarter of same-store sales growth for this division.  While total U.S. sales slumped one percent in the quarter, total international stores rose 15.3 percent — and that's not including the impact of a lower dollar. In the first quarter of 2011, Domino's shut a net 20 stores in the U.S. and opened a net 48 stores overseas. The upshot: today, 4,470 of the company's 9,379 stores are outside the U.S. (nearly 48 percent).

Greek Debt

        This cartoon shows a man trying to push a boulder as the rocks below him are falling.  This represents Greece's debt, as they try to lower it, it's continually going to enlarge and sink.

The Great Recession's Lost Generatio

        Last year, the unemployment rate for college graduates age 24 and younger rose to 9.4%, the highest since the Labor Department began keeping records in 1985.  Hires with limited experience have the toughest time competing in a job market flooded with experienced candidates.  Adecco found that 18% of recent grads have been forced to turn to full-time jobs outside their field of study, often jobs for which a college degree is not required.  
       With hiring on the rise, this year's college grads will find a somewhat better job market awaiting them after graduation, but those already hurt by the recession might not bounce back so quickly.  According to a study by Till von Wachter, an economics professor at Columbia University, the drag on income lasts for 10 years, on average.  In addition, the outlook could be worse for the class of '09 or '10, von Wachter said, since the worse the recession, the longer it takes to get earnings and a career back on track.  "In the bad recessions in the past, the graduates recovered in 10 to 15 years. But we've never had such a strong recession," he said.


     Brittney Winters graduated from Princeton in 2009, she has a double major in French and Spanish. But aside from some freelance tutoring, the jobs she's been able to find: waitress, public relations and video store clerk-- all aren't in her field.

     Afshin Shirazian had trouble finding an internship in the summer of 2009, so he changed careers and went to UCLA business school despite bad timing.  He graduated in 2010, and has been trying to find a marketing job in the health care field ever since. But so far, he has only been able to find freelance consulting jobs.

    By the time Michael Brody graduated from Hunter College with degrees in English and film in 2009, he knew he was going to be facing a tough job market.  Two years later he still doesn't have a permanent, full-time job.  Since graduation, Brody's done some freelance writing, worked in construction and even tried his hand at stand-up comedy.


http://finance.yahoo.com/career-work/article/112754/recession-lost-generation-cnnmoney