Archive for the 'Collapse' Category
WalMarts Swell with Poor People Once a Month at Midnight—When the Government’s Electronic Dole Payout Goes Through
October 10th, 2010Via: USA Today / AP: Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation. Here and at grocery stores across the country, the chimes come just after food stamps and other monthly government benefits drop into the accounts of […]
Bank of America Halts Foreclosures in All States
October 8th, 2010See: MERS/MBS/Foreclosure Goes RICO Via: Bloomberg: Bank of America Corp., the biggest U.S. lender, will halt foreclosures in all 50 U.S. states to determine whether documents used to seize homes from people had the correct data. “We will stop foreclosure sales until our assessment has been satisfactorily completed,” the Charlotte, North Carolina- based company said […]
Meredith Whitney: States Will Need Federal Bailout Within a Year
October 4th, 2010Via: Bloomberg: The U.S. government will face pressure to bail out struggling states in the next 12 months, said Meredith Whitney, the banking analyst who correctly predicted Citigroup Inc.’s dividend cut in 2008. While saying a bailout might not be politically viable, Whitney joined investor Warren Buffett in raising alarm bells about the potential for […]
Ireland Cancels All Remaining 2010 Bond Auctions Due to Market “Turbulence”
October 4th, 2010Via: ZeroHedge: Irish Prime Minister Brian Cowen said that his government decided to cancel bond auctions for the rest of the year because of “turbulence” in bond markets, and the state is already funded into next year. He made the comments in an interview with national broadcaster RTE. “We are funded until next May,” Cowen […]
Beijing’s Billions Buy Up Resources
October 3rd, 2010Via: Independent: While much of the developed world is baulking at its debts in the aftermath of the financial crisis, China has continued a global spending spree of unprecedented proportions, snapping up everything from oil and gas reserves to mining concessions to agricultural land, with vast reserves of US dollars. This year alone, Chinese companies […]
Big Picture Gallery: Human Landscapes in South West Florida
October 2nd, 2010Via: Boston Globe / Big Picture: A couple weeks ago, I was listening to a story by NPR’s Planet Money team about “Toxie” a toxic asset they had purchased to follow and help tell the story of the recent financial meltdown. One of the mortgages in Toxie was on a home bought for investment in […]
World Gripped by ‘International Currency War’
September 28th, 2010Via: Guardian: The world is in the midst of an “international currency war” according to Brazil’s finance minister as governments force down the value of their currencies to boost their struggling economies. The comments are the first public admission made by a senior policymaker about a practice which has become increasingly widespread since the global […]
Gulf Oil Stories
September 22nd, 2010Here are a few stories near the top of Florida Oil Spill Law right now. They just go on, and on and on: “Entire food web at risk” say researchers just back from Gulf: OIL “may be HIDDEN in LARGE MARINE MAMMALS” — “Discolored” zooplankton found Gulf Biologist: “Stunned” if oil product isn’t washing up […]
Brain Researcher Claims ‘Mind Change’ as a Result of Using Modern Technology is One of Humanity’s Greatest Threats
September 18th, 2010Via: Guardian: Lady Greenfield reignited the debate over modern technology and its impact on the brain today by claiming the issue could pose the greatest threat to humanity after climate change. The Oxford University researcher called on the government and private companies to join forces and thoroughly investigate the effects that computer games, the internet […]
Chinese “Body Fishers”: The Business of Selling Corpses Pulled from the Yellow River
September 17th, 2010Via: McClatchy: From his perch on an overhang above the Yellow River, Wei Jinpeng pointed to a fisherman’s cove below and began counting his latest catch. He stopped after six, and guessed that perhaps a dozen human corpses were bobbing in the murky waters. The bodies were floating facedown and tethered by ropes to the […]
