Archive for the 'Collapse' Category
ICE STORM: TOTAL ACTIVATION OF KENTUCKY ARMY NATIONAL GUARD
February 1st, 2009Via: Courier Journal: Gov. Steve Beshear deployed every last one of his Army National Guardsmen on Saturday, with his state still reeling after a deadly ice storm encrusted it this week. More than half a million homes and businesses, most of them in Kentucky, remained without electricity from the Ozarks through Appalachia, though temperatures creeping […]
Graduate School in the Humanities: Just Don’t Go
January 31st, 2009Via: Chronicle of Higher Education: Just to be clear: There is work for humanities doctorates (though perhaps not as many as are currently being produced), but there are fewer and fewer real jobs because of conscious policy decisions by colleges and universities. As a result, the handful of real jobs that remain are being pursued […]
NZ Dollar Could ‘Drop Below US40c’
January 30th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. This is a few days old, but it demonstrates how gold works in an economic collapse situation: Safe haven’ gold hits record New Zealand price: Surging international prices and the weakening kiwi currency caused gold to hit a New Zealand dollar […]
Flood of Foreclosures: It’s Worse Than You Think
January 30th, 2009Via: CNN: Housing might be in worse shape than we think. There is probably even more excess housing inventory gumming up the market than current statistics indicate, thanks to a wave of foreclosures that has yet to hit the market. The problem: Many foreclosed homes and other distressed properties that are now owned by banks […]
Americans Receiving Jobless Benefits Hits Record
January 29th, 2009Via: AP: The government says the number of people receiving unemployment benefits has reached an all-time high as layoffs spread throughout the economy. The Labor Department says the number of laid-off workers continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest since records began in […]
A Quiet Windfall for U.S. Banks: With Attention on Bailout Debate, Treasury Made Change to Tax Policy
January 29th, 2009This is a good one. Well, not really good. More like Must Read. It’s from November 2008. Open a window, though. You’ll want to get a breeze going in your room because the sweet musk of evil could become overpowering otherwise. Full text. Via: Washington Post: The financial world was fixated on Capitol Hill as […]
The Next Iceland
January 29th, 2009Britain, Latvia, Greece, Ukraine and Nicaragua. Via: Foreign Policy: FP looks at five countries on the verge of following Iceland to economic ruin and political meltdown. Research Credit: Lagavulin
Amero Could Result from Crisis: ‘The New World Order Is Upon Us’
January 29th, 2009I don’t know about you, but when I see the phrase, “New World Order” bandied about on the mainstream sites like it’s a new flavor of TicTac, I have to wonder if people know what this actually means. The New World Order used to be something that people like me would read about in books […]
Sun, Sea and Sewage in the Playground of the Rich in Dubai
January 29th, 2009Just deliver it to Halliburton. They’re located in Dubai now. They can turn the raw sewage into press releases. Via: Times Online: A noxious tide of toilet paper, raw sewage and chemical waste has transformed Dubai’s most prestigious stretch of shoreline into a foul-smelling health hazard. A stretch of the exclusive Jumeirah Beach — a […]
Warning Over Collapse in Capital Flows
January 28th, 2009Via: Telegraph: The Institute of International Finance, the global organisation of major banks, predicted an almost unprecedented collapse in world economic growth and capital flows. It became the first major global institution to forecast a full-scale global contraction in 2009, predicting that the economy would shrink by 1.1pc. IIF chief economist Philip Suttle said: “This […]
