Archive for the 'Collapse' Category
Solution for Oahu’s Slums: Move Homeless to Mainland?
September 19th, 2011Via: Independent: Despite its “aloha” reputation, Hawaii currently has the third-highest ratio of homelessness of any state in the nation, behind Oregon and Nevada. Since the number of Americans living below the poverty line rose above 15 per cent last week, the problem here, like elsewhere, seems likely to get worse before it gets better. […]
Economic Collapse of Britain Entering New Phase: Famine
September 19th, 2011Via: Independent: Tens of thousands of benefits claimants will be referred to food banks by the Government, which is worried that many Britons face a stark choice: starvation or feeding themselves by begging or stealing. From tomorrow, jobcentres in England and Wales will refer the needy to charity-run food banks that will give them a […]
Mayor Bloomberg: Jobs Crisis Could Spark Riots
September 17th, 2011Via: CNN: New York City Mayor Michael Bloomberg is worried that high U.S. unemployment could lead to the same kind of riots here that have swept through Europe and North Africa. “You have a lot of kids graduating college, [who] can’t find jobs,” said Bloomberg, during his weekly radio show on Friday. “That’s what happened […]
Another Global Banking Sector Bailout / Can Kicking Exercise
September 15th, 2011Europe: The new Lehman Brothers. Via: Daily Ticker: Stocks surged in the U.S. and Europe early Thursday while Treasury prices tumbled on news of a coordinated easing by global central banks. “The Governing Council of the European Central Bank has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan […]
LA Porn Studio Begins Construction on ‘Post-Apocalyptic’ Underground Bunker
September 15th, 2011This is hilarious. Via: CBS: A San Fernando Valley adult entertainment studio began construction this month on what it calls a “post-apocalyptic” underground bunker in anticipation of a global catastrophe rumored to take place in late 2012. A spokesman for Van Nuys-based Pink Visual said the bunker will be “far more than a mere bomb […]
Bankruptcy Among College Grads Grows
September 13th, 2011I love the language! It’s not a depression or an economic collapse. What we’re seeing is a, “Sophisticated evolution of the profile of the American debtor that now extends to disparate age, income and ethnic groups.” Via: CNN: Bankruptcy has gotten more educated over the past five years, as financial distress spread to more of […]
Ghosts with Shit Jobs
September 13th, 2011I wish it wasn’t just a trailer. Via: ghostswithshitjobs.com:
More Evidence of Economic Recovery: Bank of America Will Eliminate 30,000 Jobs, Largest Cut by a U.S. Company This Year
September 13th, 2011Via: AP: Bank of America is slashing 30,000 jobs as part of an effort to reverse a crisis of confidence among investors. It’s the largest single job reduction by a U.S. company this year. What CEO Brian Moynihan is trying to do is nothing less than save the nation’s largest bank. Investors have cut the […]
New Jersey: Tent City
September 12th, 2011Lots of pictures of the ongoing ‘Economic Recovery’ at the link. Via: Business Insider: Tent City made the news recently and while community leader Steven Brigham says the media attention brought in greater donations, it also brought unwanted attention from the local politicians. After battling with the city for years to have access to the […]
German Minister Mentions Possibility of ‘Orderly Default’ for Greece
September 12th, 2011I don’t know how this could down in an “orderly” way. Via: Telegraph: Philipp Roesler, Germany’s economy minister, said an “orderly default” for Greece could no longer be ruled out and branded the country’s deficit-reduction measures “insufficient”. The warning is likely to spook financial markets further and comes despite Greece yesterday announcing a fresh €2bn […]
