Archive for the 'Collapse' Category
80% of Millennials Say They Want to Buy a Home—But Most Have Less Than $1,000 Saved
May 29th, 2017Via: CNBC: Millennials aren’t buying homes in the same numbers as previous and older generations, but it’s not because they don’t want to. The vast majority of millennials do indeed aim to buy someday, or would even like to now if they could. Unfortunately, the numbers don’t look good. New data from Apartment List shows […]
British Airways Cancels Flights as Major IT Failure Causes Worldwide Delays
May 27th, 2017Via: Guardian: British Airways has cancelled all flights from Heathrow and Gatwick before 6pm on Saturday due to a major IT failure that is causing very severe disruption to its global operations. The airline said that its terminals at Heathrow and Gatwick had become “extremely congested” due to the computer problems. It had therefore decided […]
France’s Macron Seeks to Extend State of Emergency to November
May 25th, 2017Via: France24: President Emmanuel Macron will ask France’s parliament to extend a state of emergency, in place since the 2015 attacks by Islamic State (IS) group militants, following this Monday’s suicide bombing in Manchester. France’s new president said in a statement that he will ask lawmakers to prolong the measure from July 15, its current […]
Brazil: Army Deployed to Capital
May 25th, 2017Via: Time: Brazil’s president ordered soldiers to restore order in the country’s capital Wednesday after some government ministries were evacuated during clashes between police and protesters who are seeking the leader’s ouster. Tens of thousands of demonstrators marched to Congress to protest economic reforms that President Michel Temer is pushing through and to demand he […]
President Trump’s Budget Includes a $2 Trillion Math Mistake
May 25th, 2017It wouldn’t be the first time. Here’s another $2.3 trillion dollar mistake that’s long forgotten: On Sept. 10, Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, “the adversary’s closer to home. It’s the Pentagon bureaucracy,” he said. He said money wasted by the military poses a serious threat. “In fact, it could […]
Baking Soda Shortage?
May 25th, 2017A cartel combined with absurd government regulations can look a lot like a doomed socialist state at times. In Venezuela, for example, there are shortages of food, toilet paper, medicines etc. Pretty standard stuff, Comrade. But in the U.S., how is it possible that the there’s a shortage of solutions of sodium bicarbonate? Key words […]
UK to Deploy Troops After Attack
May 23rd, 2017Via: Reuters: Britain’s armed forces will be deployed to boost security, Prime Minister Theresa May said on Tuesday, as the country raised its terror threat to the highest level of “critical” after a suicide attack in Manchester that killed 22 people, including children. May said members of the armed forces would be positioned at key […]
A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash
May 20th, 2017Via: ZeroHedge: Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years, 44% of respondents said they wouldn’t be able to cover an unexpected $400 expense like a […]
Americans Are Paying $38 to Collect $1 of Student Debt
May 19th, 2017Via: Bloomberg: The federal government has, in recent years, paid debt collectors close to $1 billion annually to help distressed borrowers climb out of default and scrounge up regular monthly payments. New government figures suggest much of that money may have been wasted. Nearly half of defaulted student-loan borrowers who worked with debt collectors to […]
Brazil’s Stock Market Declines 10 Percent
May 18th, 2017Via: CNN: Brazil’s stock market, Bovespa, plunged more than 10% immediately after opening Thursday, wiping out almost all of its gains for the year. Officials halted trading for 30 minutes. Brazil’s currency, the real, also tanked 7% against the dollar, its worst day since the global financial crisis in 2008. The selloff came after new […]
