marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economics
09/25/2020
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By Zoey Sky
As extra unemployment benefits run out, laid-off workers scramble to look for jobs amid coronavirus pandemic
The Wuhan coronavirus (COVID-19) pandemic has been hard on everyone, but laid-off workers in America have been struggling the hardest. While a short term extension of relief has helped them put food on the table, many unemployed Americans are struggling to look for jobs as extra unemployment benefits are starting to run out. Running out […]
06/15/2020
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By Franz Walker
Coronavirus recession will hurt low-income and emerging market economies for years
As the world starts to recoup its losses over the economic carnage brought on by measures to stop the Wuhan coronavirus (COVID-19), it’s becoming clear that recovery will not be easy. A new study from the World Bank states that low-income and emerging market economies will remain deeply damaged five years after the pandemic. The ongoing coronavirus pandemic has already […]
04/23/2020
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By JD Heyes
McConnell says he favors allowing states to go bankrupt, but that would mean pensioners get SHAFTED
For decades, mostly Democrat-run states have won favor — and votes — among key political constituencies by padding their pensions. But as the tax base in many of these states dried up as people fled high levies and high prices — Illinois, New Jersey, and Connecticut come to mind — elected leaders were still left […]
04/23/2020
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By Ralph Flores
New CARES Act only cares about big corporations – local restaurants walk away with NOTHING
The coronavirus (COVID-19) may have currently infected over 830,000 Americans and caused 45,638 deaths, but that won’t stop corporations from making sure they come out on top – even if it means taking money meant for smaller businesses. Case in point: Big restaurant chains like Shake Shack, Potbelly and Ruth’s Chris Steak House walk away with tens […]
04/16/2020
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By Franz Walker
Federal Reserve warns coronavirus will continue to ravage US economy
The Federal Reserve warned Wednesday the impact from the coronavirus outbreak could sink the economy even further. In its Beige Book, which contains anecdotal information on current economic conditions in each of the Fed’s districts, industries affected by the lockdown said that they expect “conditions to worsen in the next several months.” Businesses surveyed in the report said […]
04/12/2020
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By Mike Adams
Trump’s INSANE-o-nomics: Govt. will pay Americans to sit at home and collect $15 / hour while small businesses collapse from lack of labor during attempted “recovery”
Clarification: The comments about this article led me to realize I didn’t do a good job explaining the timing of all this. The lockdowns are ending May 1st, based on current talk from the White House. Yet the “bailout money” paychecks will keep being paid to people for three additional months (at least), and probably […]
04/03/2020
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By Franz Walker
Jobless claims spike to 6.6 million, doubling last week’s record, as layoffs mount amid coronavirus pandemic
A record-shattering 6.6 million jobless claims were filed last week, according to the Department of Labor’s (DOL) weekly jobless claims report. This is more than double the number reported in the previous week, which itself also broke records. The week before, the DOL already reported a then record-setting 3.2 million jobless claims for the week, thanks to […]
03/29/2020
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By Ethan Huff
The FDIC is urging Americans to keep their money in the banks… practically an admission that you probably shouldn’t
The Federal Deposit Insurance Corporation (FDIC) put out a video recently urging Americans not to withdraw their money from banks because the banking system is supposedly doing just fine. But if that’s really true, then why say anything about it at all? FDIC Chairwoman Jelena McWilliams basically told America that the safest place to keep […]
03/24/2020
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By JD Heyes
Wall Street sees most rapid 30% SELL-OFF in history over coronavirus outbreak, surpassing Great Depression’s plunge
If you were thinking that the Wuhan coronavirus (COVID-19) really isn’t that big of a deal and that people are making way too much of it, we don’t really know whether or not that’s true yet. What we do know is that financial experts — people who make their living trading and forecasting stocks on […]
03/23/2020
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By Ethan Huff
Here come the soulless billionaires begging for taxpayer-funded bailouts for their greedy selves
As millions of ordinary Americans struggle to put food on the table now that the Wuhan coronavirus (COVID-19) has taken away their jobs, billionaires like real estate investor Tom Barrack actually have the audacity to whine on cable television about how they personally need taxpayer-funded bailouts to avoid long-overdue corrections on their greedy overleveraging. Barrack recently […]
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