• CNBC Viewership Down 28%
  • Big jump in NYSE delistings this year
  • Bank Credit Swaps Head for Best Month Since April ’08
  • Unpaid property taxes hit localities

CNBC Viewership Down 28% – ZeroHedge

The bloodbath at GE’s propaganda station has reached critical levels: according to Nielsen, CNBC has lost 28% of viewers year over year, and 24% in the 25-54 age group category. This is obviously a stunning failure in an environment where the top stories on any other medium are finance and economy related……

Big jump in NYSE delistings this year - Crain’s NY

Two dozen companies have been dumped from the Big Board, with another 25 in danger of delisting. Prepare for a wave of gimmicks like reverse stock splits.

Companies are falling off the Big Board at a faster rate this year than last, according to New York Stock Exchange data. To date, 24 companies have been delisted from the NYSE, compared to just 16 delistings by the end of July 2008…..

Bank Credit Swaps Head for Best Month Since April ’08 – Bloomberg

The cost of protecting bank bonds from default headed for its biggest monthly decline since April 2008 in Europe as trading in fixed-income assets, surging stock prices and record bond issuance boosted earnings.

The Markit iTraxx Financial index of credit-default swaps on 25 European banks and insurers is on pace for an almost 30 percent decline, according to JPMorgan Chase & Co. It tumbled as much as 33 basis points to 77, the lowest since Aug. 18, and was trading at 79 basis points at 11 a.m. in London…..

Unpaid property taxes hit localities – USA Today

The number of Americans not paying their property taxes amid the recession and the brutal housing collapse has increased sharply — more than doubling in some parts of the country.

At a time when the nation’s housing crisis has put millions of Americans at risk of losing their homes through bank foreclosure, a growing pile of unpaid bills has put tens of thousands more in danger of losing them to tax seizures. That has caused multimillion-dollar shortfalls for some already-struggling local governments that rely on property taxes to pay for everything from schools to police….

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