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Keyword: collapse

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  • Credit Suisse slides 8% as markets fret about the risk of a Lehman Brothers-style collapse

    10/03/2022 5:33:14 AM PDT · by RomanSoldier19 · 15 replies
    Market Insider via MSN ^ | 10/3/2022 | (George Glover)
    Credit Suisse shares fell nearly 8% on Monday as investors worried about the bank suffering a Lehman Brothers-style collapse. Swiss-listed shares dropped 7.8% to 3.67 francs ($3.71) in European trading hours, having fallen over 12% earlier in the session. Investors are fretting about the bank's overall health as it finalizes a restructuring plan due to be announced on October 27. On Friday there was a sharp rise in spreads on the bank's credit default swaps (CDS), which protect investors if it defaults on its debts.
  • Fed's preferred gauge shows inflation accelerated even more than expected in August

    10/01/2022 8:49:21 PM PDT · by RomanSoldier19 · 23 replies
    cnbc vis msn ^ | 10/1/2022 | Jeff Cox
    nflation in August was stronger than expected despite the Federal Reserve's efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate and another indication that inflation is broadening. On a year-over-year basis, core PCE increased 4.9%, more than the 4.7% estimate and up from 4.7% the previous month. Including gas and energy, headline PCE increased 0.3% in August, compared with a decline of 0.1% in July....
  • Queen commemorative newspapers Pensioners race to cash in pension pots as cost of living crisis bites - 'unsustainable'

    10/01/2022 3:12:44 PM PDT · by RomanSoldier19 · 20 replies ^ | Sep 28, 2022 | By REBEKAH EVANS
    For this reason, the latest analysis could be alarming for older people amid the rising cost of living. New data on flexible payments from pensions has shown a spike in the number of people accessing their pensions and in the amount of money withdrawn flexibly from pensions. Between April 1 and June 30, 2022, some £3.6billion of taxable payments were withdrawn from pensions flexibly by 508,000 individuals. This quarterly value of money withdrawal represents a 23 percent increase compared to the same quarter in 2021.
  • The first German district blackout simulation: 400 dead in 96 hours

    09/19/2022 5:43:54 PM PDT · by Roman_War_Criminal · 31 replies
    Free West Media ^ | 9/20/22 | Staff
    Germany's municipalities are getting serious and preparing for the concrete consequences of a widespread power blackout. The Hessian Rheingau-Taunus district is the first of 401 German districts and urban districts to have a specialist company in Berlin examine and simulate what threatens in the event of a blackout in order to be prepared for the increasingly likely eventuality. According to this, 400 deaths could be expected within 96 hours. After 24 hours, livestock would die, substations would fail, and water tanks would run dry. Then there would be looting, fires and economic damage in the hundreds of millions. Unlike Federal...
  • Giant £2million wind turbine was knocked over by the WIND after raging storms and 50mph gales made blades on 300ft tall turbine turn at twice their normal speed. ( United Kingdom )

    09/08/2022 11:27:49 AM PDT · by george76 · 38 replies
    Daily Mail ^ | 30 August 2022 | TOM SCOTSON
    The turbine was torn apart by the raging winds and collapsed to the ground . Families in a nearby village in South Wales said the bang sounded like thunder . Manufacturers Nordex launched an investigation after it went into overdrive. ... The turbine, which was almost the height of St Paul's Cathedral, was torn apart by the raging winds and eventually collapsed to the ground ... The energy generators are supposed to automatically switch off after it detects winds of 55mph. ... villagers said they were worried over the safety of the turbines following the collapse.
  • Wall Street predicted Russia's economy would collapse after it invaded Ukraine. These 3 charts show that hasn't happened.

    08/29/2022 7:07:08 AM PDT · by JonPreston · 30 replies
    Business Insider ^ | 8/29/22 | George Glover
    Top investment banks expected Russia to suffer severe economic damage after it invaded Ukraine in February.But Russia's economy has held up better than expected, causing them to revise those predictions.In March, top investment bank JPMorgan said Russia's gross domestic product would fall 35% in the second quarter compared with the previous. Goldman Sachs predicted its economy would suffer its worst contraction since the Soviet Union imploded in the early 1990s. But Russia's GDP slipped only 4%Stronger-than-expected exports of Russian commodities, including crude oil, has helped support the economy. The country has also benefited from robust demand among its own consumers...
  • 30 Countries Face Economic Annihilation as their Currencies are on the Brink of Collapse

    08/27/2022 6:22:55 AM PDT · by PK1991 · 22 replies
    Youtube ^ | August 26, 2022 | Steve Van Metre
    Emerging markets are burning through stockpiles of U.S. dollars and other foreign currency at the fastest rate since 2008, raising the risk of a wave of defaults across the world’s most fragile economies. Emerging and developing nations’ foreign reserves have shrunk by $379 billion this year through June, according to data from the International Monetary Fund. Excluding the effects of exchange-rate fluctuations and the large foreign-exchange holdings of China and Gulf oil exporters, emerging markets are seeing the biggest drawdowns since 2008 according to JPMorgan Chase & Co.
  • Colorado’s Offender-Centered, Anti-Cop Policies Blamed for ‘Crime Tsunami’

    08/14/2022 12:49:12 PM PDT · by george76 · 24 replies
    National Review ^ | August 10, 2022 | Ryan Mills
    Crime has surged in Denver, despite the city council increasing the budget to a record high of $265 million in 2022. The last weekend in July was a violent one in and around Denver, Colo. Early Saturday, a 31-year-old man was shot and killed in Northglenn, a northern suburb of the city, the first of at least six area shootings that sent at least four others to the hospital that weekend. Around 3 p.m., a man was stabbed to death on Denver’s north side. ... The weekend concluded with the late-Sunday killing of Kevin Piaskowski, who was driving home from...
  • Collapse is Going to Happen, Like It or Not

    08/06/2022 2:47:07 PM PDT · by Noumenon · 100 replies
    The Neo-Ciceronoian Times ^ | 8/6/2022 | Theophilus Chilton
    If you don't take collapse seriously, I don't take you seriouslyRegular readers know by now that I am a big fan of the demographic-structural theory (DST) proposed by cliodynamicist historians such as Jack Goldstone and Peter Turchin. The reason I find it so interesting is because of how intellectually satisfying it is. Most theories of history are linear and progressive, and their proponents often struggle to force a progressive narrative onto otherwise cyclical and chaotic series of historical events. Demographic-structural theory, through its explicitly cyclical approach to understanding the rise and fall of empires, not only makes more sense intellectually,...
  • 75% of Middle Class Americans Say Their Income Is Falling Behind Cost of Living

    08/04/2022 12:44:40 PM PDT · by RomanSoldier19 · 47 replies
    cnbc ^ | 7/20/2022 | Sarah O’Brien
    The reality of inflation and the specter of a recession appear to be weighing heavily on middle-class households. Among those whose income falls in the $30,000-to-$100,000 range, 75% say their earnings are falling behind the cost of living, and 77% think the U.S. will be in a recession by the end of 2022, according to a recent survey from Primerica. There’s also been a general uptick in financial worries in the last six months, with 39% of those surveyed expecting to be worse off financially in a year, up from 32% in March and 28% in December 2021. In December...
  • It Has To Crash

    08/03/2022 9:48:24 PM PDT · by Noumenon · 51 replies
    TL Davis blog ^ | 8/2/2022 | T. L. Davis
    One might get the feeling that America is being out classed by Russia and China. While they rise, America drifts, floundering on a sea of greenness and wokism, effectively bound at the wrists from executing any self-defense. The supposedly “elected” officials, are doing everything they can to run the United States into the ground at the behest of its enemies. Ukraine is nothing but an extended money laundering event, the ties back to politicians not even denied, but open for any investigation, however slight and unmotivated. When the greater share of politicians in any government do not serve the people...
  • 45% Of Independent Restaurants Couldn't Pay July Rent (Up 7%)

    08/02/2022 4:11:39 PM PDT · by RomanSoldier19 · 13 replies
    Alignable's July Rent Report is being released right now, based on a poll that concluded this morning, conducted among 3,553 small business owners . It shows that rent struggles are severe for several small business sectors, including transportation (trucking companies & car services), restaurants , retail shops, and beauty salons. What's the cause according to SMBs? Rent hikes, labor costs/the ongoing labor shortage, the high price of gas, and reduced consumer spending are all combining to create economic instability.
  • Monday marks 15 years since 35W Bridge collapse (MN)

    08/01/2022 8:56:58 AM PDT · by ButThreeLeftsDo · 11 replies ^ | 8/1/22 | Rebecca Omastiak KSTP
    Aug. 1, 2007 is a date Minnesotans won’t forget. Thirteen people were killed and another 145 were injured when the Interstate 35W bridge spanning the Mississippi River in Minneapolis suddenly collapsed during rush hour. The incident garnered national attention and sparked conversation about road and bridge safety across the United States. The National Transportation Safety Board blamed the collapse on gusset plates, which were half as thick as they should have been due to a flaw in the original design. The new bridge opened to the public on Sept. 18, 2008, and a memorial for the victims was also built...
  • Video: Irish bank withholds customer money, managers are hiding.

    07/31/2022 3:47:40 AM PDT · by ChuckR163 · 48 replies
    Twitter ^ | 7/28/2022 | Twitter
    Is this Irish bank collapsing also? At least 2 banks in China are collapsing as well as they lock down all depositor funds and protests escalate. Maybe we need another topic here just for "Collapse".
  • Why Is The World Worried About China's Property Crisis?

    07/25/2022 2:14:14 AM PDT · by RomanSoldier19 · 11 replies ^ | July 23, 2022 | By Laurie Chen, with Qasim Nauman
    China's troubled property sector suffered another blow this month when frustrated homebuyers stopped making mortgage payments on units in unfinished projects. The boycott came with many developers struggling to manage mountains of debt, and fears swirling that the crisis could spread to the rest of the Chinese -- and global -- economy. Colossal. Property and related industries are estimated to contribute as much as a quarter of China's Gross Domestic Product (GDP). The sector took off after market reforms in 1998. There was a breathtaking construction boom on the back of demand from a growing middle class that saw property...
  • Draghi's Italian Government Faces Collapse After 5-Star Rebels

    07/14/2022 7:28:39 AM PDT · by JonPreston · 17 replies
    International Business Times ^ | 7/14/22 | Giuseppe Fonte and Angelo Amante
    Italian Prime Minister Mario Draghi's coalition government risked collapse on Thursday after the 5-Star Movement, one of its members, failed to support a parliamentary confidence vote including measures to offset the cost of living crisis.The confidence vote has become a focal point for tensions within Draghi's broad coalition as its parties prepare to fight each other in a national election due by early 2023.The risks of a collapse of a Draghi government rippled through financial markets where Italian bond yields rose sharply, indicating investors demanding a higher premium to hold its debt, and shares fell.
  • Nobody Likes How Portland Is Governed. How Did the Plan to Fix It Turn Into Another Bitter Fight? (new form of city government on the ballot in November)

    07/07/2022 3:48:13 PM PDT · by Libloather · 26 replies
    Wweek ^ | 7/06/22 | Sophie Peel
    **SNIP** 1. City officials have long claimed that Portland’s form of government makes it impossible for them to do their jobs well. 2. When the Portland Charter Commission was formed, members settled on their own set of goals. 3. The commission emerged with three proposed reforms. No city in America has tried to achieve all three at the same time. 4. Perhaps the most popular aspect of the proposed reforms is that Portland would be run by a city administrator. 5. The reform measure calls for ranked-choice voting, an unfamiliar and controversial method, to elect city commissioners. 7. Portland voters...
  • Is the world's air travel industry deliberately being driven to collapse?

    07/05/2022 10:14:41 AM PDT · by SeekAndFind · 20 replies
    American Thinker ^ | 07/05/2022 | Andrea Widburg
    In America, Pete Buttigieg is proving to be the most incompetent secretary of transportation in American history. Confronted with thousands of canceled flights, he offers tips about how to value cash refunds compared to refunds in the form of miles. That's bad. What's worse is that a writer for a trend site claims to have talked with European insiders and learned that the problem with flights is not limited to America; it's worldwide and deliberate.You can read here about Buttigieg's tin-eared response at the start of the July 4 weekend when it came to canceled flights. For travelers, the weekend...
  • Renters Are Being Fleeced With Huge Rent Hikes And Evictions—and It’s Only Getting Worse

    07/03/2022 9:08:34 PM PDT · by RomanSoldier19 · 70 replies ^ | JUNE 23, 2022 | BY MICHAEL SAINATO
    The US housing crisis has been decades in the making, but combined with an inflation squeeze and a systemic shortage of affordable housing, more renters have nowhere to go. erardo Vidal, who has lived in the same apartment in Queens, New York, with his family for 9 years, recently received a $900-a-month rent increase this year. “It means having to uproot my entire family, given the fact we’re still having a difficult time earning money due to the pandemic and loss of jobs,” said Vidal. “It’s unfair that we are being basically forced out of places we lived in for...
  • The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next

    06/18/2022 4:56:35 AM PDT · by blam · 57 replies
    Alt-Market.US ^ | 6-18-2022 | Brandon Smith
    In my 16 years as an alternative economist and political writer I have spent around half that time warning that the ultimate outcome of the Federal Reserve’s stimulus model would be a stagflationary collapse. Not a deflationary collapse, or an inflationary collapse, but a stagflationary collapse. The reasons for this were very specific – Mass debt creation was being countered with MORE debt creation while many central banks have been simultaneously devaluing their currencies through QE measures. On top of that, the US is in the unique position of relying on the world reserve status of the dollar and that...