Archive for the 'Collapse' Category
Los Angeles: More Bodies Go Unclaimed as Families Can’t Afford Funeral Costs
July 22nd, 2009Via: Los Angeles Times: The weak economy is taking its toll, with an increasing number of bodies in Los Angeles County being cremated at taxpayers’ expense. The poor economy is taking a toll even on the dead, with an increasing number of bodies in Los Angeles County going unclaimed by families who cannot afford to […]
Irish Economic Collapse Accelerates; Other States Following it Down
July 22nd, 2009Via: Telegraph: For a glimpse of what awaits Britain, Europe, and America as budget deficits spiral to war-time levels, look at what is happening to the Irish welfare state. Events have already forced Premier Brian Cowen to carry out the harshest assault yet seen on the public services of a modern Western state. He has […]
Joe Bageant: “When you’re fucked, you know it. You don’t need scientific verification.”
July 21st, 2009Via: Joe Bageant: “White underclass” is a term I’ve used often in my writing, and most American readers seem to know what I mean. They’ve got eyes and live in the same nation I do. But in a sudden burst of journalistic responsibility, I decided that if I am going to throw around the word […]
Bailouts Could Cost U.S. $23 Trillion
July 21st, 2009Via: Politico: A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government’s watchdog over the effort says – a staggering amount that is nearly double the nation’s entire economic output for a year. If the feds end up spending that […]
And Now… Desperate People to Work for Free
July 20th, 2009Via: Reuters: With U.S. unemployment at a 20-year high, some Americans are working for free while looking for a job, but experts are split over whether it is a sign of dedication or desperation. Unpaid job seekers can keep their resumes fresh by boosting their experience and learning new skills, experts say, but others warn […]
U.S. Commercial Paper Market Collapsing
July 17th, 2009Via: Bloomberg: The U.S. commercial paper market, the cheapest source of corporate cash, is shrinking at a record pace, raising the cost of capital for borrowers from Consolidated Edison Inc. to Kellogg Co. The market for company debt due within nine months has plunged 28 percent since April 8 to $1.1 trillion, its longest and […]
Paulson Reveals U.S. Concerns of Breakdown in Law and Order
July 17th, 2009How are those bond auctions going, Hank? Via: Independent: The Bush administration and Congress discussed the possibility of a breakdown in law and order and the logistics of feeding US citizens if commerce and banking collapsed as a result of last autumn’s financial panic, it was disclosed yesterday. Making his first appearance on Capitol Hill […]
Detroit Might Stop Prosecuting “Low Priority” Crimes
July 17th, 2009Via: Detroit Free Press: Low-priority crimes like breaking and entering might not be prosecuted and the conviction rates will continue to decline if the proposed budget for the Wayne County Prosecutor’s Office is approved, Prosecutor Kym Worthy told commissioners this morning. Advertisement “We can’t even cover our courtrooms anymore,” Worthy said in vehemently disagreeing with […]
Joe Biden: “We Have to Go Spend Money to Keep From Going Bankrupt”
July 17th, 2009Via: CNS News: Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money. “And folks look, AARP knows and the people with […]
South Africa: ATMs Armed with Pepper Spray; Thieves Using Explosives
July 16th, 2009The video below isn’t real, but give it another ten years. Via: Guardian: Cash machines offer an ever-growing menu of services beyond merely dispensing money. For tampering criminals, this now includes a squirt of pepper spray in the face . The extreme measure is the latest in South Africa’s escalating war against armed robbers who […]
