Archive for the 'Collapse' Category
State Unemployment Claim Systems Overwhelmed, Crash in Three States
January 8th, 2009Also, job cuts in small businesses, where most people are employed, are now soaring. Via: AP: Electronic unemployment filing systems have crashed in at least three states in recent days amid an unprecedented crush of thousands of newly jobless Americans seeking benefits, and other states were adjusting their systems to avoid being next. About 4.5 […]
More Americans Getting Multiple Chronic Illnesses
January 6th, 2009Via: Reuters: More Americans are burdened by chronic illnesses such as diabetes and high blood pressure, often having more than three at a time, and this has helped fuel a big rise in out-of-pocket medical expenses, a study released on Tuesday showed. With prescription drugs playing a key role, average annual out-of-pocket medical costs — […]
TOYOTA WILL HALT ALL PRODUCTION IN JAPAN FOR ELEVEN DAYS
January 6th, 2009Via: Reuters: Toyota Motor Corp is to halt production at its Japanese plants for 11 days in February and March as a sharp slide in U.S. sales has left dealers’ lots full of unsold cars. A 37 percent slump in December sales in Toyota’s biggest market was its sharpest fall in more than a quarter […]
Ron Paul: We’re in for Big Trouble, Big Trouble, Big Trouble
January 4th, 2009Dubai: Another Ponzi Scheme Collapses
January 4th, 2009Via: CBS News: Over the years, booming oil prices helped turn Dubai into a land of opportunity and playground for the ultra rich. But that was then and this is now. And as CBS News correspondent Sheila MacVicar reports, even Dubai is feeling the pinch of the worldwide economic crisis. The gulf city state’s property […]
U.S. MANUFACTURING DECLINES TO LOWEST LEVEL SINCE 1948
January 3rd, 2009Via: Bloomberg: The decline in U.S. manufacturing deepened in December as demand for such products as cars, appliances and furniture reached the lowest level since at least 1948, signaling further cutbacks in factory jobs and production this year. The Institute for Supply Management’s factory index fell to 32.4, below economists’ forecasts and the lowest level […]
UK: Thefts of Food, Metal, and Petrol Increasing
January 3rd, 2009Via: Independent: Supermarkets have been forced to tag cuts of meat because shoplifters have turned to stealing food during the credit crunch. Retailers warn that the recession has changed the pattern of crime in high street stores, with thieves switching from luxury items to basic foodstuffs. Shops have been forced to step up security around […]
Is a Generalized Crackup Occurring in Britain? The Average Person Spends 2-1/4 Hours of Every Day Worrying
January 2nd, 2009Could this possibly be true? Via: Reuters: Britain is becoming a nation of worriers, according to a new survey, with the financial crisis giving people ever more reason to fret about their lives. The average person now spends 2-1/4 hours of every day worrying — six and half years of the average life span — […]
Rising Desperation as China’s Exports Drop
January 2nd, 2009Maybe the Fed will bailout China? Oh, hmm, uhh… Wait, it’s supposed to be the other way around. Via: IHT: At the docks here, the stacks of shipping containers that used to loom above the highway overpass are gone. Logistics managers say they negotiate deeper discounts every week on ships that are leaving half empty. […]
Icelandic TV Program Featuring PM Forced Off Air
January 2nd, 2009Via: AP: A nationally televised meeting between Iceland’s prime minister and other political leaders was forced off the air Wednesday night when angry protesters disrupted the broadcast. For more than two decades, the leaders of Iceland’s political parties have met every New Year’s Eve over champagne and spiced herring to talk about the year ahead […]
