Archive for the 'Collapse' Category
Mortgage Delinquencies Suddenly Soar at Record Pace
July 15th, 2020Via: Wolf Street: Transition from “Current” to 30-days past due: In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999. This was up from 0.7% in April last year. During the Housing Bust, this […]
California Locks Down Again
July 13th, 2020Via: Los Angeles Times: California is largely closing again amid a spike in COVID-19 cases across the state, as Gov. Gavin Newsom announced statewide restrictions Monday to again halt all indoor dining and close bars, zoos and museums. At the same time, most counties, including Los Angeles, San Bernardino, Orange and Riverside, will be forced […]
For First Time Since The Great Depression, Americans Must Wait In Line For The Most Basic Essential Items
July 12th, 2020Via: ZeroHedge: The scene can be somewhat dystopian and third world when you look at it: as a result of the pandemic and the new way that our economy is forced to do business, Americans all over the country are waiting in line – even for the most basic of essentials. For example, Bloomberg points […]
It Takes 3 Weeks to Escape Illinois
July 12th, 2020Via: The Street: Why 3 weeks? That’s how long it takes to reserve a one-way U-Haul outbound. “Everyone is leaving. No one is coming,” a U-Haul agent told us a few weeks ago.
The American Economy In Four Words: Neofeudal Extortion, Decline, & Collapse
July 9th, 2020Via: Of Two Minds: In sector after sector, the quality of the goods and services has declined while costs have soared. This is the acme of neofeudalism: insiders and the New Nobility are skimming fortunes as prices skyrocket and the quality of the goods and services provided plummet.
Economic Relief for Billionaires, Crooks of Every Description
July 7th, 2020Via: AFP: A centerpiece of US President Donald Trump’s economic relief program was under renewed scrutiny Tuesday following revelations it aided white-shoe lobbying firms and businesses linked to Kanye West and other billionaires. Besides West’s Yeezy brand and law firms connected to famed trial lawyer David Boies and Trump defense attorney Marc Kasowitz, recipients of […]
Deutsche Bank Hit with $150 Million Penalty for Relationship with Jeffrey Epstein
July 7th, 2020Via: CNBC: New York state financial regulators said Tuesday that they have slapped Deutsche Bank with a $150 million penalty “for significant compliance failures” in the bank’s dealings with accused child sex trafficker Jeffrey Epstein, a now-dead investor, as well as with two client banks. The New York State Department of Financial Services said that […]
New York City Suffers Highest Number Of June Shootings In Over 20 Years
July 7th, 2020Via: New York Post: Gun violence exploded across the city after the NYPD disbanded its anti-crime unit of plainclothes cops on June 15, with three times as many shootings in the last two weeks of the month over the same period in 2019, police stats show. And the shocking rise in gunfire — to 116 […]
Open Seeds: Biopiracy and the Patenting of Life
July 7th, 2020This is from 2012. It will be old, sad news for many of you, but it’s worth a look if you are new to the topic. Via: Corbett Report Extras:
Kanye West Running for President
July 4th, 2020Via: The Sun: KANYE West announced to his fans on the Fourth of July that he plans on “running for president of the United States.” Tesla CEO and Kanye’s friend, Elon Musk, quickly offered up his “full support” to the 43-year-old.
