Tag Archives: Bankruptcy

  • Daily Digest
    Image by Rafael Amado Deras, Flickr Creative Commons

    Daily Digest 7/20 – More Cities Should Go Bankrupt, Baseball Is A Metaphor For American Life

    by DailyDigest

    Saturday, July 20, 2013, 3:52 PM

    0
    • More Cities Should Go Bankrupt
    • Going, in Uncertainty, Where No Other Big City Has
    • Detroit Gap Reveals Industry Dispute on Pension Math
    • Detroit’s Creditors Eye Its Art Collection
    • When Gold And Silver Bottom Is Irrelevant To Your Financial Health
    • Why baseball is a metaphor for life in America
    • The games the rich play to avoid tax are immoral and now, hopefully, will become illegal
    • Can Europe’s new designs help the UK’s housing crisis?

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  • Daily Digest
    Image by motoyen, Flickr Creative Commons

    Daily Digest 3/21 – Detroit City Council ‘Still Relevant,’ Argentines Go For Gold

    by DailyDigest

    Thursday, March 21, 2013, 3:28 PM

    4
    • AstraZeneca slashing 1,200 jobs in Delaware
    • Bankrupt San Bernardino approves over $1 mln in pay hikes
    • Detroit council: We're still relevant
    • Argentines go for gold. Literally.
    • Ficano wants retired deputy to drive and guard him, wash his car
    • Gold Daily and Silver Weekly Charts – New Zealand Goes Cyprus-Style, RBNZ Responds
    • Nearly 150 years after conflict ended, U.S. government still making payments to children of Civil War vets
    • In Spain, The Bitcoin Run Has Started
    • Canadian man to sell house for Bitcoin virtual currency
    • CIA's Gus Hunt On Big Data: We 'Try To Collect Everything And Hang On To It Forever'
    • Tories aim to divide, conquer with envoy who will canvas First Nations on energy projects
    • German scientists quit oil sands research over public climate concerns
    • Doctors call for ban of antibiotic use in farm animals as drug-resistant human infections hit ‘dangerous level
    • ‘We, as a nation, have to wake up’: First Nations leaders vow to do what it takes to block oil pipelines
    • Wave of prawn deaths baffles Chile city of Coronel
    • Eating locusts: The crunchy, kosher snack taking Israel by swarm

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  • Blog

    How to Explain the Current Economic Situation to Friends & Family

    by rhare

    Sunday, March 13, 2011, 8:46 PM

    0

    Given its simple elegance in addressing a question frequently asked on this site, this post has been elevated from the forums section. It has been updated by site members rhare and travlin since its first appearance (the original post can be read here).

    I’ve been working on a way to get across to friends and family how bad the economic situation has become. I find one of the biggest problems is that when numbers are in the billions and trillions they are very hard to imagine, and people get this glazed/deer in the headlights look. So I decided to try to scale the numbers in a way that can be more easily visualized. 

    Below is an updated version, with many thanks to members of ChrisMartenson.com community who suggested changes/corrections, and particularly to Travlin for rewording much of the message to make it a better story. Hopefully this version will help convince others of the serious nature of the US fiscal outlook. 

    My Troubled Relative 

    I need your advice. I have a relativewho is in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There’s a good chance he will get a pay cut.

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  • Blog

    Daily Digest 2/12 – IMF Calls For Dollar Alternative, Silver Bullion In Backwardation, Oil Prices Could Rise Quickly

    by DailyDigest

    Saturday, February 12, 2011, 3:42 PM

    0
    • IMF Calls For Dollar Alternative
    • In the Midst of the Big Bang: Collapse Has Already Occurred
    • Dutch Central Bank Orders Pension Fund To Sell Its Gold
    • Silver Bullion Backwardation Suggests Supply Stress
    • How Confident Are You in a Hyperinflationary Future?
    • Congress Warned Over States’ Bankruptcies
    • Do I Hear $150? Oil Prices Could Go Up “Very, Very Fast,” Says Stephen Leeb

    Learn how to protect your wealth against the Three E forces using our ‘What Should I Do?’ guide

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  • Blog

    Daily Digest 2/1 – Cuomo’s War on ‘Permanent’ Spending Increases, Construction Spending Low, Looking for ‘Speedups’

    by DailyDigest

    Tuesday, February 1, 2011, 4:00 PM

    0
    • Andrew Cuomo Launches War on ‘Permanent’ Spending Increases
    • Monday – Mubarak’s Mood May Move Morning Markets
    • Muni Madness: David Walker Says “Yes” to Bankruptcies, “No” to Bailouts
    • When Will The Recession End? Part 139 Russia Admits It’s Dead And Falling Apart
    • Guest Post: The Road to Madness Is Paved With $100 Bills
    • Construction Spending in U.S. Unexpectedly Fell to Decade Low
    • Steve Case: Looking for ‘Speedups,’ Not Just Startups

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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  • Blog

    Daily Digest 1/21 – States Look for Ways to Declare Bankruptcy, Irish Government Collapses, Mortgage Losses

    by DailyDigest

    Friday, January 21, 2011, 4:00 PM

    0
    • NYT Reports States Looking For Ways To File Bankruptcy
    • Irish Government Collapses, Six Cabinet Members Resign, Election March 11
    • The Meredith Whitney Effect In One Big, Beautiful Chart
    • Plans Being Drawn Up To Let States Declare Bankruptcy
    • Bank Of America Posts Billion-Dollar Loss Tied To Mortgages
    • Schlumberger 4Q Profit Rises 31% On Stronger Demand
    • U.S. Firms Seek To Pick Up Pace In China

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 1/19 – U.S. Debt Crisis, More Airline Fees, Greece Denies Seeking Repayment Extension

    by saxplayer00o1

    Wednesday, January 19, 2011, 4:00 PM

    0
    • U.S. in Debt Crisis Without Spending Cuts, Pimco’s Kashkari Says
    • State Bankruptcy: An Idea That’s Ready for Primetime?
    • World Oil Price Edges Near To $US100
    • Local Food Pantries Seeing Record Number Of People Seeking Help
    • Buffalo Companies Decry China’s Rare Metals Policy
    • Travelers Should Prepare For More Airline Fees
    • Delta Warns That Higher Fuel Costs Could Erase Gains
    • Bill Would Raise Motor Fuel Tax In Nebraska
    • Belgium Raises Just 3 Bln With 10-Yr Bonds
    • Greece Denies Seeking Repayment Extension
    • Camden Police Will Overlook Some Crime Due To Layoffs
    • Chancellor Warns Of Tuition Increases In Light Of Budget Cuts
    • SD Governor Expected To Seek Deep Budget Cuts
    • Harrisburg Mayor Refuses To Sign Budget
    • Moody’s Cuts Troubled Pennsylvania City’s Parking Debt
    • Md. Group Protests Over Possible Medicaid Cuts
    • NM Governor Fights Tax Hikes As Lawmakers Return
    • Branstad Says Hundreds Of State Layoffs Necessary
    • SC House Budget Subcommittees Beginning Hearings
    • GOP Leadership Outlines ‘Familiar’ Plan To Trim $1 Billion From State’s Projected Deficit
    • Department of Health Welfare Proposes Cutting Costs By Calling On Volunteers
    • Bad Budget May Halt School Construction In Wash. State

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Straight Talk with Tyler Durden: The U.S. Is Free-Falling Into Bankruptcy

    by Adam Taggart

    Wednesday, December 15, 2010, 2:46 PM

    0

    “Straight Talk” features thinking from notable minds that the ChrisMartenson.com audience has indicated it wants to learn more about.  Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.

    This week’s Straight Talk contributor is Tyler Durden, founder and chief demagogue of the popular econoblog Zero Hedge. Zero Hedge’s mission is to bring back a more critical, rigorous, and informed style of commentary and synthesis for the professional investing public. The blog has experienced explosive growth in it’s two-year existence, due in part to its prolific coverage of financial events as well as its unapologetic (some say controversial) editorial approach, which is often highly critical of today’s economic and political leaders.


     

    1. What led you to start Zero Hedge? Was there a particular story or moment? For many of our readers, you have become the CNN of the Great Collapse (this is seen as a positive thing). Is this what you set out to be?

    Zero Hedge was started two years ago in the aftermath of the Great Financial Crash, as coined by Bill Buckler, when we realized there is a substantial vacuum in information distribution, and to a lesser extent, processing. The financial media world was (and to a great extent still is) dominated by journalists who were learning finance on the job and thus were incapable of putting the dots together on most stories under investigation.

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  • Blog

    Daily Digest 11/11 – Swedish Debt Tensions, Ambac Bankruptcy, Golden Age for Natural Gas

    by DailyDigest

    Thursday, November 11, 2010, 4:00 PM

    0
    • Spinning Straw Trades Into Gold – Part 2
    • US Banks See Demand for Business Loans Drop
    • Sweden Debt Market Tensions Show ECB What Exit Brings
    • Executives Collect $2 Billion Running U.S. For-Profit Colleges
    • Bond Insurer Ambac Files For Bankruptcy
    • IEA World Energy Outlook 2010 Now Out; a Preliminary Look
    • IEA: China Will Create A ‘Golden Age’ For Natural Gas
    • Reverse Bubbleomics: What If OPEC Figures Out Crude Oil’s Fair Price is $150?

    Our ‘What Should I Do?’ guide helps you cover your food, water, and warmth needs in any emergency.

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  • Blog

    Daily Digest – December 1

    by DailyDigest

    Tuesday, December 1, 2009, 3:46 PM

    0
    • Potential For Fed To Hyperinflate 
    • An Empire at Risk
    • Why a run on the U.S. dollar will start soon 
    • Bank Of Japan To Inject $116 Billion Liquidity
    • Dubai Says Not Responsible For Dubai World Debt
    • Wondering Where The Next Debt Bombs Lurk 
    • AIG Has $11.9 Billion Shortfall
    • Awaiting Bonuses, Bankers Cherry-Pick Luxury Homes
    • Housing Meltdown, Ground Zero
    • Harvard Officials, Larry Summers, Ignored Warnings About Investments
    • Ban On Fund Raids May Be Put To NJ Voters
    • Treasury Sets Guidelines For Loan Modification Alternatives
    • Reckless Myopia
    • America Is Spiraling Out Of Control To Bankruptcy 
    • An Empire At Risk
    • Business Journalism And The Global Economy
    • The Lesson Of Dubai: Crisis Is Far From Over
    • Race Against Time To Tackle Global Mountains Of Debt 
    • Morgan Stanley Fears UK Sovereign Debt Crisis In 2010 
    • The Leaks That Prove How Worried The UK Treasury Is
    • France’s Wild Economic Plans 
    • Germany Alarmed, Rushing Through Emergency Measures
    • Is Greece The Next Iceland?
    • Bank Of Japan To Inject $116 Billion Liquidity
    • Australia Raises Interest Rates For Third Time 
    • The Fall Of Mexico
    • The Copenhagen Diagnosis 
    • Blue Gold: World Water Wars (Movie)

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