Archive for the 'Collapse' Category
CNN on Media Blackout on Oil Spill
June 12th, 2010Very poor audio quality. Via: CNN / YouTube:
Obama “Let the World’s Most Dangerous Oil Company Get Away with Murder”
June 11th, 2010Via: Rolling Stone: On May 27th, more than a month into the worst environmental disaster in U.S. history, Barack Obama strode to the podium in the East Room of the White House. For weeks, the administration had been insisting that BP alone was to blame for the catastrophic oil spill in the Gulf – and […]
Oil Spill May Cost $4.3 Billion in Property Values
June 11th, 2010Via: Bloomberg: BP Plc’s oil spill may drive down the Gulf Coast’s shore-area property values by 10 percent for at least three years, according to CoStar Group Inc. Losses may total $4.3 billion along the 600-mile (966- kilometer) stretch from the Louisiana bayous to Clearwater, Florida, the property-information service estimates. “It’s just another blow to […]
Coast Guard Admiral Sees Game Changer as Oil Awaits Atlantic Hurricanes
June 10th, 2010Via: Bloomberg: Coast Guard Rear Admiral Mary E. Landry was up early on Saturday, April 24, preparing to brief news reporters on the deadly explosion at the Deepwater Horizon drilling rig when BP Plc called with bad news: The well was leaking oil into the Gulf of Mexico, 5,000 feet below the surface. She dashed […]
Many Americans Too Broke to File for Bankruptcy
June 9th, 2010Via: USA Today: Bankruptcy filings are nearing the record 2 million of 2005, when a new law took effect that was aimed at curbing abuse of the system. Filings could reach 1.7 million this year, says law professor Robert Lawless, but few experts believe that debtors are now gaming the system. Instead, concern exists about […]
Turning Poverty Into A Multibillion-Dollar Industry
June 8th, 2010Via: NPR: Payday lending operations have grown rapidly in the United States since the early 1990s. At the industry’s peak a few years ago, there were more payday lenders in the United States than McDonald’s and Burger King stores — combined. “The payday lender is kind of the emergency banker for the working poor,” explains […]
Hooked on Gadgets, and Paying a Mental Price
June 8th, 2010Via: New York Times: When one of the most important e-mail messages of his life landed in his in-box a few years ago, Kord Campbell overlooked it. Not just for a day or two, but 12 days. He finally saw it while sifting through old messages: a big company wanted to buy his Internet start-up. […]
Companies Now Requiring Job Applicants to Already Have a Job
June 6th, 2010Via Huffington Post: Still waiting for a response to the 300 resumés you sent out last month? Bad news: Some companies are ignoring all unemployed applicants. In a current job posting on The People Place, a job recruiting website for the telecommunications, aerospace/defense and engineering industries, an anonymous electronics company in Angleton, Texas, advertises for […]
Hungary Close to Default
June 4th, 2010Euro wreck continues, now trading below $1.20. Via: Bloomberg: Credit-default swaps on sovereign bonds surged to a record on speculation Europe’s debt crisis is worsening after Hungary said it’s in a “very grave situation” because a previous government lied about the economy. The cost of insuring against losses on Hungarian sovereign debt rose 63 basis […]
Universities Are Offering Doctorates but Few Jobs
June 4th, 2010Via: Los Angeles Times: Graduates frustrated by the lack of tenure-track positions available amid budget cuts are looking off campus. Many find work that wouldn’t have cost them years in school or put them deep in debt. As they walk in hooded robes to the strains of “Pomp and Circumstance,” many students getting their doctorates […]
