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 […]
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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* […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]