DMX FORECLOSED HOME ROBBED!

Posted in Crime, Lifestyle, Power of a dollar with tags on January 13, 2009 by recessionsection

Incarcerated rapper DMX’s foreclosed Arizona home has been placed on the market for an estimated sale price of $429,000. According to 3TV, the Valley residence has continued to endure physical damage and frequent robberies since SWAT team members raided the home last May when X was faced with animal cruelty, theft and drug charges.

“I think people showed up, walked the house and took what they wanted,” The appointed banker added. “The place was glamour and when they split up, nothing got taken care of.”

X reportedly purchased the home around 2003 for $600,000 but the bank’s current sale price remains at roughly $429,000.

Almost all of the possessions in his Arizona mansion have reportedly been stolen since no one has been around to look after the home.

cocaine is a hell of a drug….

source: thisis50.com

T.I. Faces Child Support issues

Posted in Lifestyle, Power of a dollar with tags on January 13, 2009 by recessionsection

I swear these hollywood baby mamas are so thirsty!!!

Macy’s Closing 11 Stores In 9 States

Posted in Lifestyle, Power of a dollar on January 13, 2009 by recessionsection

NEW YORK – Department-store operator Macy’s Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years.

Stores slated to close include locations in Los Angeles, West Palm Beach, Fla., Nashville, Tenn., and St. Louis, among others. Cincinnati-based Macy’s Inc. says the closures will cost about $65 million, most of which will be booked in the 2008 fourth quarter.

Clearance sales at the stores begin next week.

“These closings are part of our normal-course process to prune underperforming locations each year in order to maintain a healthy portfolio of stores,” said Macy’s Chief Executive Terry J. Lundgren in a statement.

Employees at the stores that are closing may be considered for open positions at other Macy’s stores, the company said.

Department-store operators have been among the harder-hit in the retail sector as consumers cut back amid the recession, hunting for bargains and trading down to discounters.

Macy’s reported Thursday that its December sales at stores open at least a year, or same-store sales, fell 4 percent — still not as bad as the 5.3 percent drop analysts surveyed by Thomson Reuters were expecting.

Total sales for the five-week period ended Jan. 3 fell 5 percent to $4.4 billion from $4.61 billion last year.

Same-store sales fell 7.5 percent during the combined November and December holiday period. Macy’s said the holiday season ended with improving sales in the fourth and fifth weeks of December but that sales were sluggish before that.

The company said it marked items down sharply in the fourth quarter to gain sales and reduce its inventories, but that hurt its margins and led it to lower its profit forecast for the fourth quarter and full year.

Macy’s now expects earnings of 90 cents to $1 per share in the fourth quarter, down from its previous guidance of $1.10 to $1.30 per share. Analysts expect earnings of $1.11 per share.

For the full year, the company now expects to earn $1.10 to $1.20 per share, down from its previous forecast of $1.30 to $1.50 per share. Analysts expect a profit of $1.35 per share.

Source: Associated Press

524,000 Jobs Lost in December

Posted in Lifestyle on January 13, 2009 by recessionsection

The nation’s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.

The Labor Department’s report, released Friday, underscored the grim toll the deepening recession is having on workers and companies. And it highlights the difficulty President-elect Barack Obama faces in resuscitating the flat-lined economy. This year has gotten off to a rough start with a flurry of big corporate layoffs, pointing to another year of hefty job reductions.

“The situation is dire,” Obama said during a news conference Friday to discuss additional appointments for his administration.

source: MSNBC

Natalie Dylan’s virginity is now bidding @ 3.7 Million dollars!

Posted in Lifestyle, Power of a dollar, Why didn't I think of that? with tags on January 13, 2009 by recessionsection

Virgin Natalie Dylan, a psuedonym as a safety precaution, is a 22 year old, pretty brunette that wants to sell herself to pay for her college tuition. The auction is due to kick-off on Howard Stern’s show, September 9th, after Natalie was introduced to Stern by Dennis Hof the owner of the infamous legal Nevada brothel Moonlite Bunny Ranch. Natalie Dylan’s sister Avia already works there.

Natalie is reported as saying “I don’t have a moral dilemma with it, we live in a capitalist society, why shouldn’t I be allowed to capitalize on my virginity?”

Denis Hof is reported as saying “Why lose it to some guy in the backseat of a Toyota when you can pay for your education?”

Natalie Dylan‘ says she is prepared to undergo a polygraph test and a gynaecological exam to prove that she is indeed a virgin and the successful auction bidder is indeed getting what he wants.

So why is she doing it? Well, according to Natalie, she and her sister Avia were forced into the ‘skin trade’ partly due to her stepfather allegedly taking out student loans in their names without permission. Tune in and follow the auction.

Porno Bailout???

Posted in Lifestyle with tags on January 8, 2009 by recessionsection

Joe Francis, creator of the “Girl’s Gone Wild” video series, and Larry Flynt, founder of Hustler, will ask Congress for a $5 billion bailout due to the 22%  drop in DVD sales, according to TMZ. “With all this economic misery and people losing all that money, sex is the farthest thing from their mind,” Flynt is quoted as saying on TMZ. “It’s time for Congress to rejuvenate the sexual appetite of America.”The porn industry generated about $12 billion in 2007. we will always have the internet… it ain’t that serious kidddd.

Obama Inauguration Poster

Posted in Current events, Worldwide with tags on January 8, 2009 by recessionsection

are you going??? rememeber that date folks, its going to be something historical.

NY Metrocards going up!

Posted in Lifestyle with tags on January 8, 2009 by recessionsection
Looks like the MTA is in a deeper deficit then we thought:metrocards
  • Charging an additional $5 for the monthly unlimited-ride MetroCard, now priced at $76.
  • Reducing the 20% MetroCard bonus that gives riders who buy five rides a sixth free. The bonus would drop to 15%. A $10 MetroCard – five rides at $2 each – would come with an additional $1.50 in value toward the price of a sixth trip.
  • Scrapping the idea of an off-peak fare of $1.50.
  • Increasing the price of a weekly MetroCard to $25 from $24.
  • Adding a two-week unlimited-ride MetroCard for $47.
  • 50 cent loses GM sponsorship & MTV reality show

    Posted in Power of a dollar with tags on January 8, 2009 by recessionsection

    Is 50 Cent losing his place as the new cash king of hip hop? Today, Pontiac spokesman Jim Hopson confirmed the company’s decision to stop plans for a two-door vehicle with a six-foot bed for the rapper who has already put out a car with the company. In a statement to the Associated Press, the Pontiac spokesman said the cancellation is part of a restructuring plan within GM due to the recession and the company’s long-term “vision for Pontiac.” In other words….we have to make cars that are SURE sellers, can’t be betting on you kids in a time like this.
    Making matters worse MTV has just canceled his reality show 50 Cent: The Money and the Power as the good Donald predicted after six episodes because of low ratings. It felt very weird to see 50 Cent and Tony Yayo try to be fun loving to some MTV reality kids….we see you guys felt the same.

    source:Thelifefiles.com

    Somebody get Notorious B.U.M a Deal!

    Posted in Ghetto with tags on January 7, 2009 by recessionsection

    He can’t make it rain, but he sure can make it drizzle.