Archive for the 'Collapse' Category
Richest 1% of Americans Close to Surpassing Wealth of Middle Class
November 10th, 2019Via: Bloomberg: The U.S.’s historic economic expansion has so enriched one-percenters they now hold almost as much wealth as the middle- and upper-middle classes combined. The top 1% of American households have enjoyed huge returns in the stock market in the past decade, to the point that they now control more than half of the […]
Blackouts, Fires, High Gas Prices: Who Wants to Live in California Today?
November 8th, 2019Via: Wall Street Journal: One crisis rolls into another in parts of Golden State; ‘If I wasn’t as old as I am, I would pack up and get the hell out’
A Michigan Man Underpaid His Property Taxes By $8.41, the County Seized His Property, Sold It and Kept the Profits
November 6th, 2019Via: Reason: An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale. Under Michigan law, it was all legal. And hardly uncommon. Uri Rafaeli, who lost his property and […]
U.S. Adult Diaper Market Explodes, Topping Baby Diapers
November 5th, 2019Via: ZeroHedge: As the population of the elderly explodes, the need for hygiene products like adults diapers will likely see a commensurate surge (and many of the companies that make these products are publicly-traded consumer staples). The market is already growing, and last year, it expanded by 9%, to hit $9 billion.
French High School Students Will Learn About Bitcoin And Crypto [???]
November 4th, 2019Via: ZeroHedge: France is about to introduce an educational module to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies. In June, the French Ministry of National Education amended its study plan to incorporate the world’s largest cryptocurrency. French educators are expected to teach an introductory course that will assist students in understanding the […]
The Next Shoe In The Farm Crisis Drops: Bankruptcies Soar 24%
November 4th, 2019Via: ZeroHedge: The American Farm Bureau (AFB) warned Wednesday that farm bankruptcies are entering a parabolic move. The farm crisis, as we’ve pointed out, is only accelerating and will likely be on par with the farm disaster that was seen in the early 1980s. President Trump’s farm bailouts, given to farmers earlier this year, appears […]
Why Are So Many People Over 55 Going Bankrupt?
November 4th, 2019Via: MarketWatch: One major factor behind the rise of these bankruptcies: medical debt. In fact, six out of 10 people 65 and older who file bankruptcy do so because they can’t afford to pay their enormous medical bills, Lawless says.
U.S. Debt Surpasses $23 Trillion for First Time
November 1st, 2019Via: The Hill: The federal government’s outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday. Growing budget deficits have added to the nation’s debt at a speedy rate since President Trump took office. The debt has grown some 16 percent since […]
The Fantasy of Opting Out
November 1st, 2019Via: The MIT Press Reader: Consider a day in the life of a fairly ordinary person in a large city in a stable, democratically governed country. She is not in prison or institutionalized, nor is she a dissident or an enemy of the state, yet she lives in a condition of permanent and total surveillance […]
The Global Fertility Crash
November 1st, 2019There’s a fascinating interactive chart at the link. Via: Bloomberg: At least two children per woman—that’s what’s needed to ensure a stable population from generation to generation. In the 1960s, the fertility rate was five live births per woman. By 2017 it had fallen to 2.43, close to that critical threshold.
