Archive for the 'Collapse' Category
GERMAN FUND HALTS REDEMPTIONS
August 7th, 2007It’s just like musical chairs, boys and girls. Via: Bloomberg: Frankfurt Trust, the mutual fund manager of Germany’s BHF-Bank, stopped withdrawals from a fund after clients removed 20 percent of their money since the end of July amid concern about the U.S. subprime loan debacle. The FT ABS-Plus fund, which includes residential mortgage- backed securities […]
Abandoned Homes Taken Over by Weeds, Swimming Pools Breed Mosquitoes
August 6th, 2007Introductory rates starting at just 1.2%! Call now! Via: Arizona Republic: City code enforcers and county mosquito patrols across the Valley say they’re seeing a spate of weeds and green pools in places they never used to: newer neighborhoods with higher-priced homes. Increasing numbers of these properties are being abandoned by cash-strapped owners, leaving messes […]
The Chinese “Miracle” Will End Soon [sic]
August 4th, 2007Yesterday wouldn’t be soon enough. Via: Spiegel: The world has been dazzled in recent years by the economic strides being made by China. But it has come at a huge cost to the country’s environment. Pollution is a serious and costly problem. Pan Yue of the ministry of the environment says these problems will soon […]
Jim Cramer Goes Nuts Live on TV, Talks About Armageddon
August 4th, 2007This is funny, unless you plan on relying on fixed income securities for something besides toilet paper. Cramer is like a smack addict, locked in a padded room, who will do anything for another hit: MORE CREDIT!!! MORE CREDIT!!! MOOOOOOOOORE CREDDDDDDDIT! Pulling out the last strands of hair on his head, clawing out his eyeballs… […]
Crash Alert: 5 Steps to Take Immediately
August 1st, 2007For the dawdlers out there, this is decent info re: gambling and paper games. Via: Money and Markets: With last week delivering the worst stock market rout in nearly five years, millions of investors are in a state of paralysis. They’re finally beginning to wake up to the enormity of the meltdown in the housing […]
BP Gets OK to Dump Mercury into Lake Michigan
July 31st, 2007Via: USA Today: A BP refinery in Indiana will be allowed to continue to dump mercury into Lake Michigan under a permit issued by the Indiana Department of Environmental Management. The permit exempts the BP plant at Whiting, Ind., 3 miles southeast of Chicago, from a 1995 federal regulation limiting mercury discharges into the Great […]
The Failed State and You: Iraq Offers a Preview of What’s Coming
July 29th, 2007The people who write about post collapse community, from their urban apartments, are going to wind up being boiled up in large pots, along with rats and road kill. If you are entertaining any touchy feely fantasies about collapse in large cities, please type “failed state” into Google and start reading. Once that sinks in, […]
New Insights on the Soviet Union’s Collapse
July 25th, 2007Via: Christian Science Monitor: In November, the Brookings Institution will publish the English translation of “Collapse of an Empire: Lessons for Modern Russia,” now a bestseller in Russia. Written by Yegor Gaidar, an economist who was Russia’s acting prime minister between 1991 and 1994, the book uses information from Soviet archives to tell the story […]
FDA Says Food Recall Is Urgent Health Threat
July 24th, 2007What can you do about this? See Farmlet for ideas. Via: Reuters: A recall of canned meat products and dog food made at a Georgia plant due to botulism fears could involve tens of millions of cans that pose an urgent public health threat, U.S. officials said on Monday. U.S. food regulators appealed to consumers […]
Ice-Cream Makers Frozen Out as Corn Price Rises
July 18th, 2007HAHA! Did you hear the one about Dow 14,000? HAHA! Tell me another one. Via: Times Online: What’s the connection between ethanol, the biofuel produced from corn, and a cherry vanilla ice-cream? Answer: the first is responsible for pushing up the price of the other. This month, the price of milk in the United States […]
