Archive for the 'Collapse' Category
UK: Poachers Feed a Burgeoning Black Market in Food
November 17th, 2008Via: Independent: Once, the poacher was a man with big pockets in his raincoat sneaking on to an aristocrat’s land to steal game for his family pot. Now he is likely to be part of a gang from town, in it for hard cash, rampaging through the countryside with guns, crossbows or snares. Police in […]
It’s Like Meat with a Pause Button
November 17th, 2008Hormel Foods is manufacturing as much Spam as possible. Sales of macaroni and “cheese,” Jell-O and Kool-Aid are also growing. Via: New York Times: The economy is in tatters and, for millions of people, the future is uncertain. But for some employees at the Hormel Foods Corporation plant here, times have never been better. They […]
RETAIL SALES FALL BY RECORD AMOUNT IN OCTOBER
November 14th, 2008Via: AP: Retail sales plunged by the largest amount on record in October as the financial crisis and the slumping economy caused consumers to sharply cut back on their spending. The Commerce Department said Friday that retail sales fell by 2.8 percent last month, surpassing the old mark of a 2.65 percent drop in November […]
Major U.S. Cities Seek Emergency Funding from U.S. Government
November 14th, 2008Good luck. Via: Reuters: Three major American cities buffeted by the global financial crisis are requesting at least $50 billion in federal funds to help pay for infrastructure improvements, pensions and short-term borrowing. Philadelphia, Phoenix and Atlanta are asking U.S. Treasury Secretary Henry Paulson to release funds from the $700 billion financial bailout authorized by […]
Mayor of Chicago: Prepare For Mass Layoffs; “It’s Going to Be a Very Frightening Economy”
November 13th, 2008“There’s going to be a crisis come along on the 21st or 22nd of January that we don’t even know about right now.” —Colin Powell Via: CBS2: Mayor Richard M. Daley says the economic woes in Chicago will get much worse, and more local workers could soon be getting pink slips. As CBS 2’s Joanie […]
The New Narcocultura
November 13th, 2008Via: New Yorker: On the first day of every month, at the Tepito metro stop in downtown Mexico City, a new breed of pilgrim can be observed inching his way on his knees out of the stop and down a filthy market street, and cradling in his arms, babylike, a plastic figure of Death—or Holy […]
California 7-Eleven Store Received Over 100 Applicants for Position That Pays $8.50 Per Hour
November 13th, 2008Grim. Via: AP: The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: It’s one out of every 45. Don’t think the chances are any better at 7-Eleven. One California store received more than 100 applicants in a week and a […]
“Families Hemorrhaging Into Homelessness”
November 12th, 2008Via: Reuters: Families are flooding homeless shelters across the United States in numbers not seen for years, camping out in motels or staying with friends and relatives, homeless advocates say. “There are lots of families hemorrhaging into homelessness and we need to figure out how to put a tourniquet on the hemorrhaging,” Philip Mangano, the […]
Citigroup Freezes U.S. Home Repossessions
November 12th, 2008In other words, Citigroup doesn’t want to have to pay property taxes and HOA fees on any more properties that will just wind up being vandalized, looted or worse. If you’re one of these upside buyers, be very careful when considering any offer that these bastards present to you. It may not feel like it, […]
Federal Reserve Refuses to Identify the Recipients of $2 Trillion Worth of Emergency Loans
November 10th, 2008You gotta prollem wit dat? Via: Bloomberg: The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional […]
