Archive for the 'Collapse' Category
U.S. Military Preparing for “Violent, Strategic Dislocation Inside the United States”; Possibly from “Economic Collapse”
February 17th, 2009Via: TruthDig: The specter of social unrest was raised at the U.S. Army War College in November in a monograph [click on Policypointers’ pdf link to see the report] titled “Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development.” The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United […]
Russian Industrial Output Falls 20%
February 17th, 2009Via: Financial Times: Russia’s industrial production plunged 20 per cent in January, a fall that could herald a much larger than expected drop in gross domestic product this year, economists fear. The decline was its largest month to month drop since records began seven years ago. “The horrendous industrial production data in January have left […]
California Budget Crisis: 20,000 State Jobs Hang in the Balance
February 17th, 2009Via: CNN: California lawmakers were told to bring their toothbrushes and prepare for a long day Tuesday, with the goal of passing a budget as the state faces a $42 billion deficit and 20,000 layoff notices were set to go out to state workers Tuesday. “Bring a toothbrush, bring any necessities you want to bring, […]
RUSSIA: STOCK EXCHANGES HALTED
February 17th, 2009Via: MarketWatch: Russian stocks tumbled Tuesday, prompting the RTS and the Micex stock exchanges to suspend trading for one hour at 4:05 p.m. Moscow time. The dollar-denominated RTS stock index plunged 9.4%, while the ruble-denominated Micex stock index fell 9.6%. The decline in Russia followed a tumble in oil prices and declines on global stock […]
Dollar and Gold Move Sharply Higher on Panic
February 17th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Trying to pick a story to post right now is like standing in the middle of a forest fire and pointing out some particular tree that’s engulfed in flames. It’s a wreck, from one end of the world to the other. […]
Kansas Suspends Income Tax Refunds, May Miss Payroll
February 17th, 2009Via: AP: Kansas has suspended income tax refunds and may not be able to pay employees on time, the state’s budget director said Monday. The state doesn’t have enough money in its main bank account to pay its bills, prompting Democratic Gov. Kathleen Sebelius to suggest transferring $225 million from other accounts throughout state government. […]
Redemptions Overwhelm Spain’s Largest Property Fund
February 16th, 2009Spain, Greece, Italy, Ireland… Who’s it going to be in Europe? Via: Reuters: Santander said its Banif property fund, the largest of its type in Spain, could not meet an avalanche of redemptions and had asked the stock market regulator for permission to suspend payments for up to 2 years. Clients holding 80 percent of […]
Japan Economy Shrinks at Fastest Rate in 35 Years
February 16th, 2009The steady drumbeat of doom continues out of Japan… Via: AP: Strangled by the collapse in global export demand, Japan’s economy shrank at its fastest rate in 35 years in the fourth quarter and shows no signs of reversing course anytime soon. Japan’s gross domestic product contracted 3.3 percent from the previous quarter, or an […]
Top Mexico Drug Cop Charged with Working for Cartel
February 16th, 2009For your News-Not-News file folder. Via: Reuters: The former head of Mexico’s special organized crime bureau has been charged with selling information to one of the country’s most powerful drug cartels, the attorney general’s office said on Sunday. Noe Ramirez, who stepped down as chief of the SIEDO federal investigation unit in July last year, […]
IRELAND COULD DEFAULT
February 16th, 2009Via: Guardian: Fears are growing that Ireland could default on its national debt after the cost to insure against possible losses on loans to the country rose to record highs at the end of last week. Credit ratings agency Moody’s recently followed rival Standard & Poor’s in warning it might downgrade Irish debt, amid fears […]
