Archive for the 'Collapse' Category
Even Street Criminals Are Spending Less
August 16th, 2010Via: Guardian: Richard Gaines is one of the best-known faces on Camden’s Haddon Avenue. It is a rough-and-tumble street, lined with cheap businesses and boarded-up houses, and is prey to drug gangs. Gaines, 50, runs a barbershop, a hair salon and a fitness business. He works hard and is committed to his community. But Haddon […]
Georgia: Thirty Thousand People Show Up at Shopping Center for Chance at Government-Subsidized Housing
August 12th, 2010Holy shit. Via: Atlanta Journal-Constitution: Thirty thousand people turned out in East Point on Wednesday seeking applications for government-subsidized housing, and their confusion and frustration, combined with the summer heat, led to a chaotic mob scene that left 62 people injured. At the Tri-Cities Plaza Shopping Center, emergency vehicles passed each other, transporting 20 people […]
Federal Workers Earning Double Their Private Counterparts
August 12th, 2010Via: USA Today: At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn, a USA TODAY analysis finds. Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation […]
Student-Loan Debt Surpasses Credit Cards
August 11th, 2010Bubble, bubble, toil and trouble: Look at overall inflation vs. college education inflation. Via: Wall Street Journal: Consumers now owe more on their student loans than their credit cards. Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans […]
U.S. Electricity Blackouts Skyrocketing
August 10th, 2010Via: CNN: Throughout New York City, about 52,000 of ConEd’s 3.2 million customers lost power during the heat wave. Triple-digit temperatures forced residents like 77 year-old Rui Zhi Chen, to seek shelter at one of the city’s 400 emergency cooling centers. “It felt like an oven in my home and on the street,” Chen said. […]
Goldman Sachs Involved with Despicable Bucket Shop Education Scams
August 9th, 2010Via: Bloomberg: Carrianne Howard dreamed of designing video games, so she enrolled in a program at the Art Institute of Fort Lauderdale, a for-profit college part-owned by Goldman Sachs Group Inc. Her bachelor’s degree in game art and design cost $70,000 in tuition and fees. After she graduated in December 2007, she found a job […]
John Williams: Times That Try Our Souls
August 9th, 2010This is a good piece and I’ve clipped some of the passages that I felt were the best. I’d recommend clicking through and reading the whole thing. The advice given is in line with what you’ve been seeing on Cryptogon for years. With regard to the speculation about private property being outlawed: The federal government […]
Big Picture Gallery: Severe Flooding in Pakistan
August 9th, 2010Via: Boston Globe – Big Picture: It is only the start of the monsoon season, but already Pakistan is experiencing some of the worst flooding it has seen in over 80 years. Entire villages have been washed away, an early estimate of over 1,600 deaths so far and over 2 million displaced or otherwise affected. […]
Irish Unemployment Reaches 13.7 Percent, 16-Year High
August 6th, 2010Via: Bloomberg: Ireland’s unemployment rate has reached a 16-year high of 13.7 percent as idle university students and laid-off professionals joined the welfare lines, the Central Statistics Office reported Thursday. Economists said July’s rise from the previous monthly rate of 13.4 percent was sharper than expected. The government said it reflected, in part, a surge […]
New Jersey City Prepares to Shut Down Library System
August 6th, 2010Via: Philadelphia Enquirer: Camden is preparing to permanently shut its library system by the end of the year, potentially leaving residents of the impoverished city among the few in the United States unable to borrow a library book free. At an emotional but sparsely attended meeting of the library board Thursday, its president, Martin McKernan, […]
