Archive for the 'Collapse' Category
Stunned Icelanders Struggle After Economy’s Fall
November 9th, 2008Via: New York Times: The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did […]
Off The Grid: Life On The Mesa
November 3rd, 2008No, it’s not another Mad Max sequel. Via: SnagFilms: Twenty-Five miles from town, a million miles from mainstream society, a loose-knit community of eco-pioneers, teenage runaways, war veterans and drop-outs, live on the fringe and off the grid, struggling to survive with little food, less water and no electricity, as they cling to their unique […]
A Guide for Americans Seeking Affordable Medical Treatment Abroad
November 3rd, 2008Via: Los Angeles Times: When Andy Dijak injured his right knee playing tennis, he wasn’t surprised that he needed surgery. “It swelled up like a balloon,” said the 50-year-old West Lake resident. The real shocker was the price tag: $12,000 to $15,000 to repair tattered cartilage. Dijak, a creative director for an entertainment company, has […]
China: Melamine Regularly Added to Animal Feed
November 1st, 2008Via: AP: First it was baby milk formula. Then, dairy-based products from yogurt to chocolate. Now chicken eggs have been contaminated with melamine, and an admission by state-run media that the industrial chemical is regularly added to animal feed in China fueled fears Friday that the problem could be more widespread, affecting fish, meat and […]
California to Cut Water Deliveries to Cities, Farms
October 31st, 2008Death trap. Via: AP: California said Thursday that it plans to cut water deliveries to their second-lowest level ever next year, raising the prospect of rationing for cities and less planting by farmers. The Department of Water Resources projects that it will deliver just 15 percent of the amount that local water agencies throughout California […]
International Student Loan Fugitives
October 29th, 2008Via: CNN: When faced with unaffordable monthly payments and relentless creditors, some see leaving the country as their only way out. Carl, a Florida native now living overseas, is afraid to move back to the United States. That’s because he can’t afford to pay his student loans. Carl (who doesn’t want his last name used) […]
Farm-Credit Squeeze May Cut Crops, Spur Food Crisis
October 29th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. DISCLOSURE: I bought DBA this morning. My decision to buy DBA was a purely technical gamble. It’s very oversold. Stochastic cross up. MACD cross up. OBV increasing. Weekly interval long term support area. That said, my stop is 23, in case […]
Volvo Truck Sales Plunge 99.7%
October 27th, 2008Via: This is Money: The depth of the recession was revealed today as truckmaker Volvo admitted demand across the Continent has crashed by 99.7% as it took orders for just 115 new lorries in the last three months. That compares to orders totalling 41,970 in the third quarter of 2007. Global orders for Volvo slumped […]
“This Is The Biggest Currency Crisis The World Has Ever Seen”
October 27th, 2008Via: Telegraph: The crisis in Hungary recalls the heady days of the UK’s expulsion from the ERM. The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump. Currency pegs are being […]
S&P 500 Heads for Worst Month Since 1938
October 26th, 2008Via: Bloomberg: U.S. stocks tumbled this week, driving the Standard & Poor’s 500 Index toward the steepest monthly loss since 1938, on concern the global economy is sliding into a recession. Alcoa Inc., Citigroup Inc. and Hewlett-Packard Co. retreated the most in the Dow Jones Industrial Average, losing more than 18 percent, as investors bet […]
