marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
california collapse
10/06/2023
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By Ramon Tomey
Starbucks announces CLOSURE of 7 stores in downtown San Francisco amid skyrocketing violence and crime
Coffee chain Starbucks has announced that seven of its locations in downtown San Francisco will close over the next several weeks. Sam Jefferies, a spokesman for Starbucks, confirmed the closures in a statement to SFGATE. Employees at the seven affected stores were informed of the impending closures on Oct. 3. According to Jefferies, all affected […]
09/27/2023
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By Ramon Tomey
Homeless camp pops up on a Beverly Hills sidewalk as homelessness spills into the wealthier areas of California
The city of Beverly Hills in California, long known for its posh real estate, has attracted a new breed of clientele – homeless people. The Washington Engager cited one example of this new trend in a Sept. 25 piece, highlighting a picture of a homeless camp that popped up in one of the city’s sidewalks. According to […]
09/08/2023
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By Ramon Tomey
Once-posh Beverly Hills now littered with CLOSED STORES amid California crime wave
The once-posh city of Beverly Hills, made popular by the “Beverly Hills 90210” TV series, is now dying – with barren retail spaces replacing luxury retailers. The New York Post reported about the city’s decline, citing footage posted by the user “Nostalgic Angelino” on TikTok. The user’s videos showcased more than a dozen Beverly Hills […]
08/30/2023
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By Laura Harris
Group of Organized Retail Crime (ORC) thieves targeting luxury retail stores in California
A group of six thieves has ransacked a Nordstrom Rack store in Riverside, making off with thousands of dollars worth of designer bags. It was the second time the store was hit by thieves in just over a month. The first one happened on July 10, with surveillance footage showing several men and women entering the store and making a […]
07/05/2023
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By Laura Harris
Number of homeless people in Los Angeles County surges to more than 75,000
Los Angeles County now has more than 75,000 homeless people in its streets, constituting a 10 percent rise for the city and nine percent for the county. According to a massive count conducted by thousands of volunteers during a three-day period in January, an estimated 75,518 people were living in temporary housing tents, vehicles, RVs […]
06/16/2023
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By Ramon Tomey
Economic disparity: 8 Richest households in Silicon Valley have 6X more wealth than poorest 500,000
A new report has revealed that the eight richest households in the Silicon Valley region hold six times more wealth than the region’s poorest 500,000 residents. The fourth annual Silicon Valley Pain Index (SVPI) published June 13 by San Jose State University‘s (SJSU) Human Rights Institute revealed this stark inequality in the region. SJSU sociology […]
06/12/2023
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By Arsenio Toledo
San Francisco’s biggest hotels are shutting down due to unpaid debts as fewer tourists visit the crime-riddled, crap-smothered city
Park Hotels and Resorts, the owner of the two largest hotels in San Francisco, has announced that it has stopped making payments on a $725 million loan meant to keep its two hotels in the city running. The two hotels in question – Hilton San Francisco Union Square and JW Marriott San Francisco Union Square – […]
05/30/2023
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By Arsenio Toledo
Largest insurance company in California no longer writing new home policies due to high risk of catastrophic events
State Farm, the largest home insurance company in the United States, has announced that it will no longer accept new home insurance policy applications in California, claiming that the risk of wildfires and the cost of rebuilding was too high. Effective May 27, State Farm General Insurance Company no longer accepts new applications, including to […]
05/18/2023
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By Belle Carter
Misery Miles: Homeless denizens of Binford Road work multiple low-paying jobs to afford HIGH RENTS
The two-mile Binford Road in the city of Novato in California dubbed “Misery Miles” is home to many residents working up to two low-income jobs just to return to safe housing. According to the Daily Mail, some 135 motor homes, cars and shacks can be found along the stretch that can be reached via a […]
05/17/2023
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By Ramon Tomey
Dennis Quaid wants Texas to replace California as the world’s film capital
For actor Dennis Quaid, Texas should be the next film capital of the world to replace Hollywood in collapsing California. The actor of “The Big Easy” fame told Fox News anchor Jesse Watters: “We want to make Texas the film capital of the world. That’s what Texas used to really have – a great film […]
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