Archive for the 'Collapse' Category
One in Seven U.S. Mortgages Foreclosing or Delinquent
November 20th, 2009Via: Reuters:
A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best.
U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process also jumped to records [...]
Pontiac Silverdome Sold for $583,000
November 19th, 2009The Silverdome cost $55.7 million to build in 1975. That’s about $222.7 million in 2008 dollars (CPI method).
Via: Christian Science Monitor:
Ever want to own a domed football stadium?
The question was a plausible one Monday when it was announced that the Pontiac Silverdome — once home to the NFL’s Detroit Lions — was sold for $583,000, [...]
15% of Americans Going Hungry
November 18th, 2009Via: CNN:
The number of Americans that have trouble putting food on the table shot up last year in an unprecedented spike to a record 17 million households, the government reported on Monday.
The Department of Agriculture report, which has been released annually since 1995, said the number of Americans that were hungry rose to 14.6%. In [...]
U.S. Job Losses Demystified
November 17th, 2009Via: Seeking Alpha:
As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out [...]
Chevron Sued for Billions After Poisoning Waterways in Ecuador; One of the Largest Environmental Damage Cases in History
November 17th, 2009Via: Sydney Morning Herald:
Tens of thousands of Amazonians are suing Chevron, the American oil company, for poisoning their waterways in what is billed as one of the biggest environmental cases in history.
The Ecuadorean claimants said the company illegally dumped toxic waste from its oil production, which filtered into the lakes used by thousands of people [...]
Cuba Orders Extreme Measures to Cut Energy Use
November 12th, 2009Via: Reuters:
Cuba has ordered all state enterprises to adopt “extreme measures” to cut energy usage through the end of the year in hopes of avoiding the dreaded blackouts that plagued the country following the 1991 collapse of its then-top ally, the Soviet Union.
In documents seen by Reuters, government officials have been warned that the island [...]
U.S. Citizens Are Joining Immigrants in Store Parking Lots Seeking Day Labor Jobs
November 9th, 2009Via: Las Vegas Sun:
It sounds like a George Lopez joke.
“Times are so bad that I saw an Anglo day laborer standing outside Home Depot the other day.”
Except it’s true.
In the latest sign of the Las Vegas Valley’s economic free fall, U.S. citizens are starting to show up in the early mornings outside home improvement stores [...]
Mexico: Three Doctors and a Nurse Sold Newborns, Told Mothers Their Babies had Died
November 8th, 2009Via: Telegraph:
Police uncovered the scheme after one of the women learned her baby was alive and had been sold to another woman for 15,000 pesos, said Luis Genaro, the capital’s deputy attorney general.
The woman gave birth to a girl through cesarean section at the Central West Hospital in a working-class district in October 2008, Mr [...]
Official U.S. Jobless Rate: 10.2 Percent
November 6th, 2009Via: AP:
The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
The Labor Department said on Friday that employers cut 190,000 jobs in October, more than the 175,000 markets had expected but [...]
Message from the Gyre
November 5th, 2009Via: Chris Jordan:
These photographs of albatross chicks were made just a few weeks ago on Midway Atoll, a tiny stretch of sand and coral near the middle of the North Pacific. The nesting babies are fed bellies-full of plastic by their parents, who soar out over the vast polluted ocean collecting what looks to them [...]
