SpiderFarmer

Washington Post reports that the American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same business unit that brought the company to the brink of collapse last year. [...]

A list of retailers that are shuttering some, or all, of their doors:

Circuit City

Ann Taylor- 117 stores nationwide are to be shuttered

Lane Bryant,, Fashion Bug ,and Catherine’s to close 150 store nationwide

Eddie Bauer to close stores 27 stores and more after January

Cache will close all stores

Talbots closing down all stores

J. Jill closing all stores

GAP closing [...]

This is just heartbreaking. From kcet.org
Foreclosure Alley
For the past few years, the Inland Empire in Riverside County has been one of the fastest growing counties in the state – home to a major housing boom. But now the Inland Empire is pretty much the poster child for the foreclosure crisis. SoCal Connected tracked down [...]