Archive for the 'Collapse' Category
When Irish Eyes Are Crying
February 4th, 2011Via: Vanity Fair: First Iceland. Then Greece. Now Ireland, which headed for bankruptcy with its own mysterious logic. In 2000, suddenly among the richest people in Europe, the Irish decided to buy their country—from one another. After which their banks and government really screwed them.
Cairo Mêlée: Pro and Anti Regime Protestors Clash
February 2nd, 2011Live Video Feeds from Cairo: Al Jazeera ABC News Via: Los Angeles Times: Fighting erupts in Tahrir Square as anti-government demonstrators and supporters of President Hosni Mubarak throw rocks and brandish clubs. The clashes follow a call by the Egyptian military for protesters to go home.
New York City May Fire 21,000 Teachers
January 30th, 2011Via: Wall Street Journal: New York City could lose $1 billion in education aid from the state, forcing the nation’s largest school system to cut more than 21,000 teachers, Mayor Michael Bloomberg said Friday. As Gov. Andrew Cuomo prepares to unveil his first budget proposal since taking office on New Year’s Day, Mr. Bloomberg and […]
Egypt: Mubarak Dismisses Government, Deploys Army, Says, ‘We Seek More Democracy and Freedoms’
January 29th, 2011Via: Wall Street Journal: President Hosni Mubarak’s 30-year grip on power hung in the balance Friday as protesters massed around Egypt and overpowered the police, prompting the army to deploy on the streets of the nation for the first time in 25 years. As rumors swirled early Saturday morning local time that Mr. Mubarak would […]
Egypt Protests: America’s Secret Backing for Rebel Leaders Behind Uprising?
January 29th, 2011Yeah, well, I don’t know. Here’s the Wikileaks cable on which this article is based. Is it possible that the U.S. is throwing one of its longest running client dictatorships under the bus? Sure, that’s very possible. Is that what’s happening in Egypt? My guess is that the U.S. understands that Mubarak has outlived his […]
Egypt: ElBaradei Now Under House Arrest
January 28th, 2011Video from ITN: Via: Wall Street Journal: Egyptian security officials say Nobel Peace laureate Mohamed ElBaradei is under house arrest, the AP reported. Police stationed outside his suburban Cairo home told him he cannot leave the house after he joined tens of thousands of protesters in the capital Friday.
Spain’s Unemployment Rate Over 20%
January 28th, 2011Via: AFP: Spain announced Friday its jobless rate surged to a 13-year record above 20 percent at the end of 2010, the highest level in the industrialized world, as the economy struggled for air. It was more bad news for an economy fighting to regain the trust of financial markets and avoid being trapped in […]
California May Close Some State Parks and Eliminate Funding for Public Libraries
January 27th, 2011And these measures are like spitballs against the $25 billion deficit. Via: Sacramento Bee: After spending a century building the nation’s largest and most majestic state park system, Californians are poised to do something unprecedented: Retreat from that legacy and start closing parks. Years of budget cuts in the California State Parks system have resulted […]
Egyptian Stock Market Halted; Losses Deepen After Re-Open
January 27th, 2011Via: Daily News Egypt: Trading resumed on Egypt’s stock market after a 40-minute suspension early Thursday, and had fallen 10.587 percent on the day as of 1:20 pm Cairo local time. The broader EGX 70 was down more than 16 percent. A spokesperson at the Egyptian Exchange told Daily News Egypt that the trading session […]
Postal Service Could Close Thousands of Post Offices
January 26th, 2011Via: Wall Street Journal: Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program that is already eliciting yelps of pain around the country. Beginning in March, the agency will start the process of closing as many as 2,000 post offices, on top of […]
