Tag: bankrupt
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#MorningMonarchy: May 4, 2018
Patriotic rap, iconic guitars and 49 unreleased tracks + this day in history w/the Kent State shootings and our song of the day by Ty Segall on your Morning Monarchy for May 4, 2018.
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signs point to economic rise at end of 2011, but experts see false dawn
from nytimes: As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and strongest economic growth since the recovery started in 2009, causing a surge in the stock market and cheering economists, investors and policy makers. In recent weeks, a broad…
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#econocrash updates: census, collapse, congress & more
census data shows half of US poor or low income* the collapse, death & end of the euro* was the ‘collapse’ of mf global premeditated? a conspiracy theory thought experiment* ex-washington mutual executives settle fdic suit* is netflix a takeover candidate?* update: congress blinks on shutdown; temporary deal averts government shutdown*
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super congress debt committee an unsurprising fail
deficit supercommittee officially admits failure from forbes: In a statement released after the bell, the so-called budget deficit Supercommittee officially announced it failed to produce $1.2 trillion in budget cuts over the next decade. Their failure, anticipated by many, led to a substantial market plunge on Monday and will supposedly trigger the automatic sequester proposition,…
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greece has weeks left before bankruptcy
greece falls into ‘death spiral’: rising debt, no growth from ap: Greece has enough money to pay pensions, salaries and bondholders through mid-November, the finance minister said Tuesday, as global markets sank on worries that a messy default could bring down European banks and trigger another global recession. The Athens Stock Exchange general index tumbled…
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Latest Government Shutdown Crisis Averted… For A Month
The US Senate passed a spending measure late Monday that for the third time this year averted a government shutdown over spending disagreements.
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Poverty Rate Rises As Incomes Decline
Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday.
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Obamessiah & Econocrash Updates: Debt Sealing US Fate
Video: Obama strikes fear into US while reassuring big banks* ‘Super Congress’: Debt ceiling negotiators aim to create new legislative body* US Constitution makes default illegal: What a real president would do on aug 1* Obama admin sells Chrysler shares to foreign company* Who owns america? Hint: it’s not China* Most of US debt is…
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obamessiah threatens ‘armageddon’, warns US ‘running out of time’
meanwhile, moody’s suggests US eliminate debt ceiling… from afp: US President Barack Obama pressed polarized lawmakers Saturday to avert what he called economic “Armageddon” by quickly forging a deal to prevent an early August debt default by the world’s richest country. “Simply put, it will take a balanced approach, shared sacrifice, and a willingness to…
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US ‘Approaching’ Insolvency, Fix To Be ‘Very Painful’
The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday.
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obamessiah releases $3.73t budget; phony partisan squabbling begins
as tax revenues drop, US borrows 40¢ of every dollar spent from voanews: One key reason that U.S. President Barack Obama, his Democratic Party allies in the Congress and rival Republicans are squabbling over the budget is that the budget deficit is expected to hit its highest level in decades. Newly published budget documents say…



