marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
coronavirus
12/23/2020
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By Divina Ramirez
California restaurants to remain open despite lockdown orders as owners try to survive government tyranny
With COVID-19 cases surging across California, health officials announced a new regional stay-at-home order that took effect on Dec. 5. The order includes a ban on outdoor dining, which many restaurant and bar owners relied on to survive throughout the pandemic. “We are at a tipping point in our fight against the virus,” said Gov. Gavin Newsom. With […]
10/18/2020
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By Ethan Huff
Commercial real estate market collapsing due to covid
Thanks to the government-imposed Wuhan coronavirus (covid-19) lockdowns, the commercial real estate market is in the tank and on the verge of total collapse. Reports indicate that numerous large retailers are unable to continue paying their exorbitant rents both in malls and strip operations, and that the only solution is closure or bankruptcy. J.C. Penney […]
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 […]
09/11/2020
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By Franz Walker
California started sending out FEMA-funded unemployment payments on Labor Day
On September 7, Labor Day, California started sending out unemployment payments of $900 each to 3.1 million eligible claimants, drawn from the Federal Emergency Management Agency (FEMA). The California Employment Development Department (EDD), which handles state and federal unemployment claims for California, is sending out three weekly payments of $300 under the Federal Lost Wages Assistance program, as authorized […]
09/07/2020
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By JD Heyes
New York City trying to borrow more money to avoid laying off 22,000 city employees who are no longer needed — DEBT will only lead to financial DEMISE
The reason why Democrat-run cities are failing is because Democratic policies are so destructive. And they are failing, to be sure: In fact, according to a recent analysis by John Perazzo, author of “Betrayal: The Democratic Party’s Destruction of America’s Cities,” found that 42 of 43 cities with the highest crime and poverty rates are […]
09/05/2020
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By Ralph Flores
Is China’s banking system headed for a debt collapse?
China’s economy is recovering from the coronavirus shock. The country’s industrial sector, largely paralyzed during the height of the pandemic, is steadily returning to pre-COVID-19 levels, thanks to resilient exports, latent demand and stimulus-driven infrastructure expansion. In addition, increased activity in the construction and services sectors have also bolstered growth. But recovery for the world’s […]
08/31/2020
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By Ralph Flores
MASS HOMELESSNESS: Housing crisis looms as eviction protections expire
A national housing crisis could hit the U.S. as early as late August, as rent payments resume for many residents across the country. According to a think tank called the Aspen Institute, up to 40 million people are at risk of eviction in the coming months as residents struggle to make rent amid the economic fallout […]
08/17/2020
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By Ralph Flores
US cities see record wealth losses caused by economic fallout from coronavirus lockdowns
Many cities in the U.S. are reeling from the economic impact caused by the coronavirus, the worst economic crisis since the Great Depression of the 1930s. In particular, major cities are reporting record losses in combined wealth, with residents of New York City reporting a loss of over $336 billion, or 13 percent, following the […]
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