According to the government, there are 14.8 million people unemployed in the United States as of October 2010. That is the official figure. Unofficially, it likely exceeds 30 million without work. At some point, these people (and those who join the unemployment rolls going forward) will lose their jobless benefits as well.

It looks like those preparing for the end of the world on December 21, 2012 may have some more time to get ready. According to a new report, the conversion from the Mayan calendar to the Gregorian calendar may have been conducted improperly, leading to a potential multi-decade miscalculation

The Sheriff of Cook County, Illinois released a statement indicating that he would not execute forecloses on home owners without assurances that the foreclosure was processed “properly and legally.”

Have we really created 800,000 jobs this year? Is unemployment really only at 9.7%? And are the actions by our government doing anything to help?

There is a reason that these numbers, especially for college grads, are peaking at levels we have never seen before: it’s because our economy is shambles with no clear recovery in sight.

This is extremely important to understand, and Lira outlines exactly how this process is supposed to work and the problems that have occured as a result of banks dicing and slicing mortgages into securities and trading vehicles for investors. Essentially, as mortgage notes were “transferred” from one bank to another the chain of title was broken, which means that whoever was supposed to make their monthly payments on that title no longer had to do it, because the title was not transferred legally.

The mortgage fiasco is just one of several elements ailing the U.S. economy. Add to that the problems facing the US dollar, a dying American consumer, rising unemployment, andpersonal debt defaults to the equation, and we have a very serious problem on our hands – one that could make the Great Depression look like a cake walk.

This isn’t just about the U.S. government and the powers that be “saving the system.” There is a lot more going on under the hood, and regular people like us will not know what happened until after the fact, if ever.

The question on the minds of Americans who are in foreclosure, delinquent on payments, or are making payments but not sure if they are paying the right company is: Do I have to keep paying, and if I don’t will they take my house?

Protesters greeted President Obama when he arrived in Chicago on Thursday, October 7, 2010. The President was reportedly stuck in a traffic jam as a result, giving him ample time to reflect on the concerns of the voting public.

Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.