Archive for the 'Collapse' Category
NYSE HALTED
July 8th, 2015[???/Coincidence] “Bizarre: New York Stock Exchange, Wall Street Journal, and United Airlines all downed by technical glitches” — [Related?] United Airlines Ground Stop, “Automation Issue” — Update: BloombergTV Live: DHS and FBI Treating Outage as Internal Technical Issue with NYSE — Update: BloombergTV Live: Orderly Trading Continues on Other Market Systems — Yep. Technical difficulties. […]
Britain: Young People Face ‘Housing Exile’, Cabinet Minister to Warn
July 1st, 2015Via: BBC: Many young people are being “exiled” from the neighbourhoods they grew up in because of a lack of affordable housing, a cabinet minister is to warn. Communities Secretary Greg Clark will tell council leaders it is a “defining test” for any government to provide homes to keep the “chain of community”. Harriet Harman […]
Survey Says: 35 Percent of Americans Would Expatriate
July 1st, 2015Via: CNBC: As the Fourth of July weekend looms and Americans prep their grills and ready their fireworks, some citizens are packing their bags. A recent online poll of more than 2,000 adults by TransferWise, a peer-to-peer money transfer service based in the United Kingdom, revealed that 35 percent of American-born residents and emigrants would […]
Greece Defaults
June 30th, 2015Via: USA Today: Greece’s midnight deadline passed Tuesday for repaying $1.8 billion to the International Monetary Fund and other international creditors, deepening a financial crisis that threatens the Mediterranean nation’s membership in the European Union. Despite an eleventh-hour effort by Greek lawmakers Tuesday to secure a new two-year debt deal before the deadline, European finance […]
F-35 Gets Its Clock Cleaned by 1970s Era Fighter
June 30th, 2015Meanwhile, in Russia: Sukhoi PAK FA. Via: Medium: The test pilot’s report is the latest evidence of fundamental problems with the design of the F-35?—?which, at a total program cost of more than a trillion dollars, is history’s most expensive weapon. … The F-35 was flying “clean,” with no weapons in its bomb bay or […]
GREEK BANKS AND STOCK EXCHANGE SHUTDOWN FOR WEEK
June 28th, 2015Via: Sky: Banks in Greece and the country’s stock exchange will be shut all week in a sign of the deepening financial crisis. The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms. Under the controls, there will be a daily €60 limit on withdrawals […]
Greece: Bank Holliday
June 28th, 2015Via: Washington Post: Greek leaders planned to shutter their banks on Monday amid last-ditch discussions about their nation’s economic future, as panicked citizens tried to pull their money from their accounts while they still were able. Sunday’s decision to declare a bank holiday was a signal that Greece’s five-year battle to stay in the shared […]
As Currency Dies, Zimbabweans Will Get $5 for 175 Quadrillion Zimbucks
June 12th, 2015Via: Reuters: Zimbabweans will start exchanging ‘quadrillions’ of local dollars for a few U.S. dollars next week, as President Robert Mugabe’s government discards its virtually worthless national currency, the central bank said on Thursday. The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean […]
Texas Kids Told ‘It’s Illegal’ to Sell Lemonade Without a Permit
June 11th, 2015Kafkaesque adjective Kaf·ka·esque \?käf-k?-?esk, ?kaf-\ Definition of KAFKAESQUE : of, relating to, or suggestive of Franz Kafka or his writings; especially : having a nightmarishly complex, bizarre, or illogical quality Via: ABC: Two young sisters with an “entrepreneurial spirit” set up a lemonade stand in Overton, Texas, to raise money for their dad’s Father’s day […]
One Nation, Under Sedation: Medicare Paid for Nearly 40 Million Tranquilizer Prescriptions in 2013
June 11th, 2015Via: Propublica: In 2012, Medicare’s massive prescription drug program didn’t spend a penny on popular tranquilizers such as Valium, Xanax and Ativan. The following year, it doled out more than $377 million for the drugs.
