Archive for the 'Collapse' Category
UAE Central Bank Intervention In Dubai Debt Debacle Imminent
November 29th, 2009Via: Wall Street Journal / Dow Jones: DUBAI (Zawya Dow Jones)–The Abu Dhabi-based Central Bank of the United Arab Emirates is expected to announce before U.A.E. stock markets open Monday that it will guarantee Dubai World debt to help protect local lenders from potential losses amid rising anxiety among investors, people briefed on the matter […]
Otakulypse Now: Japanese Man Marries Virtual Girlfriend
November 29th, 2009Via: Stuff: We may occasionally wish our spouses had an “off” switch but a Japanese man will have that luxury full-time after he married his virtual girlfriend in an official-looking ceremony over the weekend. In a bizarre story reminiscent of the film Lars and the Real Girl, the man, known by his nickname SAL9000, fell […]
“Almost all the camping grounds within 100 miles of Los Angeles are now filled with people living in them.”
November 27th, 2009Does anyone know if that statement is even close to being true? Via: Guardian: There were not many people packed in to the Los Angeles “town hall” meeting who had heard of the foreign woman with the unfamiliar title who had come to listen to their tales of plight. But many took it as a […]
Dubai in Deep Water as Ripples from Debt Crisis Spread
November 27th, 2009Via: Times Online: Fears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock announcement that a debt-laden Dubai state corporation was unable to meet its interest bill. Shares plunged, weak currencies were battered and more than £14 billion was wiped from the value of […]
EMERGENCY: USDJPY
November 26th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Update: Dollar Hits 14-Year Low in 86 Yen Zone in Tokyo Via: Kyodo: The U.S. dollar hit a 14-year low in the upper 86 yen level early Thursday afternoon in Tokyo as it remained weak across the board on persistent speculation […]
Green Shoots in Canada: Bankruptcies Soar 43%
November 21st, 2009Via: CBC: The number of bankruptcies across the country was 43 per cent higher in September than at the same point a year ago, government data shows. The latest figures provided by the Office of the Superintendent of Bankruptcy Canada show the increase is disproportionately slanted towards consumer bankruptcies over business insolvencies. The September figure […]
One in Seven U.S. Mortgages Foreclosing or Delinquent
November 20th, 2009Via: Reuters: A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best. U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process also jumped […]
Pontiac Silverdome Sold for $583,000
November 19th, 2009The Silverdome cost $55.7 million to build in 1975. That’s about $222.7 million in 2008 dollars (CPI method). Via: Christian Science Monitor: Ever want to own a domed football stadium? The question was a plausible one Monday when it was announced that the Pontiac Silverdome — once home to the NFL’s Detroit Lions — was […]
15% of Americans Going Hungry
November 18th, 2009Via: CNN: The number of Americans that have trouble putting food on the table shot up last year in an unprecedented spike to a record 17 million households, the government reported on Monday. The Department of Agriculture report, which has been released annually since 1995, said the number of Americans that were hungry rose to […]
U.S. Job Losses Demystified
November 17th, 2009Via: Seeking Alpha: As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure […]
