marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Wuhan coronavirus
10/09/2020
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By Ramon Tomey
Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED
Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters. But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal […]
10/06/2020
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By Zoey Sky
Palmer House Hilton hotel hit with foreclosure, the latest blow to the industry by the coronavirus
The Wuhan coronavirus has forced many businesses to shut down. While some industries — like bars and restaurants — have managed to survive, even with restrictions in place, the hospitality industry isn’t as fortunate, with hotels suffering greatly because of the pandemic. A painful example of how the industry has struggled amid the pandemic is the […]
10/01/2020
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By Ramon Tomey
Almost three-quarters of all U.S. hotels to lay off employees due to coronavirus pandemic
The hospitality industry in the U.S. has been reeling from the effects of the coronavirus pandemic, with hotels furloughing their staff – if not laying them off. In fact, 74 percent of hotels would be forced to lay off more employees if the federal government does not help them tide over. A study released by […]
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 […]
06/05/2020
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By News Editors
The national debt clock is flashing a major red alert
The National Debt Clock is flashing a major warning, Red Alert! this morning while working on another article I happened to glance at this indicator and recoiled in horror. While most people are aware the national debt has exploded, it brought my focus back to this subject. Many of us that watch the economy closely […]
05/26/2020
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By Ralph Flores
As Brazil suffers deadliest day of outbreak, Bolsonaro insists people get back to work
Brazil reached a grim milestone on May 19, as its daily deaths from the Wuhan coronavirus (COVID-19) hit over 1,000 for the first time. The country has 310,087 confirmed cases, according to data from Johns Hopkins University, but public health experts believe the actual caseload is higher because of insufficient testing. Despite these figures, President Jair […]
05/20/2020
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By Ethan Huff
Gavin Newsom says federal government has “moral” and “ethical” obligation to bail out socialist states that have racked up insurmountable debt
After suffering years of financial mismanagement at the hands of Gavin Newsom, and before him, Jerry Brown, California is now in some deep fiscal trouble. But rather than own up to his mistakes and take responsibility for them, Newsom is instead blaming the Wuhan coronavirus (COVID-19) for his poor leadership while demanding that the federal […]
05/04/2020
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By JD Heyes
Big government fail: Publicly traded companies snagged $1 billion in coronavirus relief funds meant for small businesses
If you ever needed another example of why it’s foolish to rely on big government to ‘solve our problems,’ this should do the trick. As most readers know, in late March Congress passed a “coronavirus stimulus package” worth some $2.2 trillion, and part of that money was supposed to be spent keeping small businesses afloat […]
05/03/2020
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By JD Heyes
Coronavirus pandemic leads to cratering of Airbnb bookings, setting U.S. up for another housing bust like the “Great Recession”
The development of the Airbnb concept was touted as the next wave in the hospitality industry, driven by a Silicon Valley-powered network and good old-fashioned principles of capitalism. Would-be entrepreneurs borrowed money to buy new properties they could ‘rent out’ as the virtual bed-and-breakfast idea took flight. “At first it works. Your properties fill up, […]
05/02/2020
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By Ethan Huff
Boeing lays off 16,000 employees because nobody is ordering new planes due to the coronavirus pandemic
More than 16,000 employees at Boeing have been axed amid the Wuhan coronavirus (COVID-19) crisis as the manufacturing giant faces a lack of new orders for airplanes. A whopping one in 10 people who make up Boeing’s entire global workforce is now jobless as the airplane company deals not just with declining demand but also […]
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