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Keyword: default

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  • Spotting the Losers: Seven Signs of Non-Competitive States (This is great!)

    09/02/2017 8:26:12 AM PDT · by RoosterRedux · 31 replies
    ssi.armywarcollege.edu ^ | 1998 | LTC Ralph Peters
    When you leave the classroom or office and go into the world, you see at first its richness and confusions, the variety and tumult. Then, if you keep moving and do not quit looking, commonalties begin to emerge. National success is eccentric. But national failure is programmed and predictable. Spotting the future losers among the world's states becomes so easy it loses its entertainment value. In this world of multiple and simultaneous revolutions--in technology, information, social organization, biology, economics, and convenience--the rules of international competition have changed. There is a global marketplace and, increasingly, a global economy. While there is...
  • McConnell: 'America is not going to default'

    08/21/2017 7:30:01 PM PDT · by Olog-hai · 30 replies
    Associated Press ^ | Aug 21, 2017 4:23 PM EDT | Adam Beam
    Senate Majority Leader Mitch McConnell says there is “zero chance” Congress will allow the country to default on its debts by voting to not increase the borrowing limit. McConnell’s comments came Monday during a joint appearance in his home state of Kentucky with U.S. Treasury Secretary Steven Mnuchin. It was one of McConnell’s first public appearances since President Donald Trump publicly criticized him for failing to pass a repeal and replacement of former President Barack Obama’s health care law. McConnell did not mention Trump in his remarks, and he did not take questions from reporters after the event. But in...
  • The real reason New York US Attorney Preet Bharara was asked to resign

    03/15/2017 6:10:18 PM PDT · by Aria · 63 replies
    The Caribbean Radio ^ | March 15, 2017 | Richard Lawless
    New York Senator Charles Schumer was instrumental in getting Bharara appointed to that position and in return was asked from time to time to do favors for the senator and his allies. Up until recently, President Trump had no idea what was really going on. Once President Trump’s staff understood the quid pro quo, they had no choice but to ask for Bharara’s resignation. In 2015, Puerto Rico defaulted on $70 billion in municipal bonds. Those involved panicked. There was ample evidence that the issuing agencies were technically bankrupt when they issued the bonds and that they purchased fraudulent credit...
  • US Government Caught Massively Fabricating Student Loan Default Data

    01/19/2017 10:11:47 AM PST · by SeekAndFind · 56 replies
    Zero Hedge ^ | 01/19/2017
    Ever since 2012 we have warned that one of the biggest threats arising from the US student loan bubble - which is no longer disputed by anyone except perhaps members of the outgoing administration - is not that it is soaring at an unprecedented pace, that's obvious for anyone with the latest loan total number over $1.4 trillion, rising at a pace of nearly $100 billion per year, but that the government - either on purpose or due to honest miscalculation - was not correctly accounting for the true extent of delinquencies and defaults. Today, we finally got confirmation...
  • 6 million Americans have stopped paying their car loans, and it's becoming a 'significant concern'

    11/30/2016 10:18:58 AM PST · by SeekAndFind · 86 replies
    Business Insider ^ | 11/30/2016 | Matt Turner
    There is a lot of talk out there about the auto-loan market right now. Hedge fund manager Jim Chanos has said the auto-lending market should "scare the heck out of everybody," while the auto-lending practices of some used-car dealerships has been given the John Oliver treatment on TV. It's a topic we've been paying attention to as well. In a presentation in September at the Barclays Financial Services Conference, Gordon Smith, the chief executive for consumer and community banking at JPMorgan, set out some eye-opening statistics on the market. Now the New York Federal Reserve is taking a closer look...
  • BEWARE! America’s 2nd War for Independence has begun!

    07/31/2016 12:28:14 PM PDT · by HomerBohn · 45 replies
    Tea Party Email | 7/30/2016
    Know this: Sedition has infested our government and a diabolical scheme to commandeer America has been exposed. Our citizen-driven Republic is being turned into a totalitarian state right under our nose! What the Global Elitists can’t have they now seek to destroy. Think I’m kidding? Keep reading! BREXIT was the UK’s Tea Party. The UK figured out the Global Elitist’s secret weapon. They discovered that the use of uncontrolled migration was the kingpin to commandeer any nation… leaving it helpless in the face of the advancing hordes. Watch out! Just like the Global Elitists tightened their grip on the throats...
  • A staggering percentage of Americans are too poor to shop

    07/08/2016 8:29:44 PM PDT · by dynachrome · 211 replies
    NY Post ^ | 7-6-16 | Lisa Fickenscher
    Retailers have blamed the weather, slow job growth and millennials for their poor results this past year, but a new study claims that more than 20 percent of Americans are simply too poor to shop. These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year and supporting two to four children — and exist largely under the radar, according to America’s Research Group, which has been tracking consumer shopping trends since 1979.
  • Nigel Farage: Looks Like Remain Will Edge It

    06/23/2016 2:40:16 PM PDT · by Callahan · 43 replies
    Sky ^ | 6/23/16 | Anon.
    Nigel Farage has told Sky News it "looks like Remain will edge it" as votes are counted in the EU referendum. The UKIP leader said it had been an "extraordinary" campaign and it looked like turnout had been "exceptionally high". He also insisted UKIP were "going nowhere" and predicted the party would "continue to grow stronger in the future". Although a long time campaigner for the UK to split from Brussels, Mr Farage is not the official leader of the Leave camp.
  • IMF warns the US over high poverty

    06/22/2016 3:48:05 PM PDT · by Ennis85 · 47 replies
    BBC news ^ | June 22th 2016 | BBC news
    The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work.
  • Why I Refuse To Apologize For My Son Wearing a Dress

    06/21/2016 7:47:02 PM PDT · by GuavaCheesePuff · 59 replies
    The Huffington Post ^ | June 20, 2016 | Martie Sirois
    Transgender: The American “hot button” du jour. Even as I type this article, Dr. Phil is on the TV in the background, interviewing a man who is sobbing over the pain he feels with his adult son transitioning to female. He feels that “someone has got him;” that “something has come over” his son. He absolutely cannot accept his son as anything other than male. He is shaking and seething as Dr. Phil says, “We’re going to soon meet ‘Steph’,” (the man’s trans daughter, who wishes to debut as her “authentic self” on national TV). Earlier today, Kathie Lee &...
  • “World’s First 24/7 Solar Power Plant Powers 75,000 Homes” for 3 hours per day.

    06/21/2016 11:11:48 AM PDT · by rktman · 31 replies
    wattsupwiththat.com ^ | 6/21/2016 | David Middleton
    While the production will almost certainly improve this summer, “SolarReserve’s Crescent Dunes Project in Tonopah, Nevada [isn’t even] quietly providing clean, green solar energy to 75,000 homes in the Silver State even when the sun [is] shining”… The average U.S. residential utility customer uses about 900 kWh per month. 75,000 homes * 900 KWh/month = 67,500,000 kWh/month = 67,500 MWh/month In its best month so far, Crescent Dunes generated 9,095 MWh… About 3 hours of electricity per day for 75,000 homes. This is the Venezuela version of 24/7 /SARC.
  • Fewer low-income men are working

    06/19/2016 5:46:40 PM PDT · by 2ndDivisionVet · 46 replies
    CNN Money ^ | June 15, 2016 | Tami Luhby
    Men have been disappearing from the workforce for decades. But a closer look at the data reveals that lower-income men account for much of the change -- and that reflects a big problem with the economy. Only 69% of these men, ages 25 to 54, are employed, according to new research from the Brookings Institution. That figure was 80% in 1980. Among middle class and upper-income men, 92% are working, down only slightly from 94% in 1980....
  • GOP Agrees to Vote on Gun Control After 15-Hour Filibuster

    06/16/2016 10:26:03 AM PDT · by PROCON · 112 replies
    time.com ^ | June 16, 2016 | Justin Worland
    A nearly 15-hour filibuster led by Sen. Chris Murphy of Connecticut ended early Thursday morning after Republicans agreed to hold votes on gun control measures. The Senate will vote on a measure banning gun sales to people on the terrorist watch list and a provision requiring background checks at shows and over the internet. Republicans may also offer their own gun control measures. The filibuster comes just days after a shooting in Orlando that killed 49 people and wounded dozens others. Murphy, joined by most of his Democratic colleagues, recalled his own state’s loss of 27 people during the 2012...
  • Spain's public debt surpasses 100% in 20-year high

    06/15/2016 10:34:36 AM PDT · by familyop · 7 replies
    AFP, Yahoo News ^ | June 15, 2016 | AFP
    Madrid (AFP) - Spain's public debt rose above 100 percent in the first quarter to its highest level in 20 years, the central bank said Wednesday as Madrid faces an EU sanctions threat for public overspending. Debt as a proportion of economic output hit 100.5 percent in the first quarter up from 99.2 percent at the end of 2015, the bank said in a statement.
  • Congress is Close to Drafting Our Daughters

    06/14/2016 10:31:01 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | June 14, 2016 | Phyllis Schlafly
    Ever since Donald Trump effectively won the Republican presidential nomination by decisively defeating Ted Cruz in the Indiana primary, Congressional Republicans led by House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell have engaged in unseemly public hand-wringing about whether they will or will not accept the people's choice. Unwilling to support the positions that Trump campaigned on -- reducing immigration, adopting a pro-American trade policy, and returning education to the local level -- Speaker Ryan dusted off his own policy agenda and promised to roll out a series of position papers to compete with those of the presumptive...
  • Orlando Killer Worked For Company Transporting Illegal Immigrants Inside US; Was Interviewed By FBI

    06/12/2016 1:58:56 PM PDT · by Helicondelta · 137 replies
    zerohedge.com ^ | June 12, 2016
    In a surprising discovery, the Palm Beach Post first reported that according to state records, Orlando shooter Omar Mateen - who as we reported earlier was licensed as a security guard and also holds a firearms license - was employed by the US subsidiary of G4S plc, a British multinational security services company, whose US-headquarters are located in Jupiter, Fla, and which also happens to be the world's largest security company by revenue. ... But where it gets more disturbing is that as Judicial Watch reported several days ago, in a post titled, "DHS Quietly Moving, Releasing Vanloads Of Illegal...
  • US unemployed have quit looking for jobs at a 'frightening' level: Survey

    06/08/2016 1:11:17 PM PDT · by 2ndDivisionVet · 24 replies
    CNBC ^ | June 8, 2016 | Jeff Cox
    Nearly half of unemployed Americans have quit looking for work, and the numbers are even worse for the long-term jobless, according to a poll released Wednesday that paints a grim picture of the labor market. Some 59 percent of those who have been out of work for two years or more say they have stopped looking, the Harris Poll of unemployed Americans showed. Overall, 43 percent of the jobless said they have given up, according to the poll released in conjunction with Express Employment Professionals, a job placement service. "This is a tale of two economies," Express CEO Bob Funk...
  • VANITY: So What Will Venezuela Eat Once Dogs, Cats & Horses Are Gone?

    06/02/2016 7:27:41 PM PDT · by Cruz_West_Paul2016 · 95 replies
    Have anyone of us contemplated this dilemma? Here we have a nation, run by liberals and socialists. And this year we have seen how it all ended. Just like in Greece and Maybe Puerto Rico. No Money, and in the case of Venezuela, no food. By now they have probably wiped out most of their pets and farm animals. But they have to eat meat once in a while. What are they going to do? cross over in their neighboring nations and kidnap any animal walking the streets and take them back home for dinner?
  • Boykin bounced: Fort Riley cancels Delta Force hero's prayer breakfast speech

    06/02/2016 3:46:50 PM PDT · by jazusamo · 37 replies
    Fox News ^ | June 2, 2016 | Todd Starnes
    A Kansas military base abruptly canceled an upcoming prayer breakfast that featured retired Lt. General Jerry Boykin after complaints were lodged that Boykin is anti-Muslim and anti-gay. Military Religious Freedom Foundation founder Mikey Weinstein told Army Times that Boykin’s invitation had caused great angst among soldiers at Fort Riley – leading some to break down in tears. “I have clients of ours weeping on the phone about this,” he said. Weeping? Oh, please. “I sincerely doubt that America can expect to win wars if the people who are tasked to do so are frightened by an old retired general with...
  • The last time there were this many unsold $100M+ homes on the market, the world economy imploded

    05/30/2016 6:18:16 PM PDT · by SoFloFreeper · 48 replies
    boing boing.net ^ | 5/30/16 | Cory Doctorow
    Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. The glut of super-duper-ultra-luxury houses on the market worries economy-watchers, who view the oversupply as a bellwether for a housing crash -- the last glut (which wasn't nearly as pronounced as the current one) was in 2007/8.