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‘It’s a Crisis’: New York City Bankruptcies Spike 40% Amid COVID-19 Pandemic

‘It’s a Crisis’: New York City Bankruptcies Spike 40% Amid COVID-19 Pandemic

© AP Photo / Paul SakumaSOCIETY Bankruptcies in the New York City region have spiked by 40% during the COVID-19 pandemic compared to the same time period last year, according…

U.S. Retail Store Closures Hit Record in First Half

U.S. Retail Store Closures Hit Record in First Half

Through June, 18 retailers have filed for chapter 11, mostly those selling apparel, footwear and home furnishings CORAL GABLES, FL – NOVEMBER 21: People walk past a closing sign outside…

No place is untouched by the Economic slaughter going on…Disney to lay off 28,000 employees as coronavirus slams its theme park business

No place is untouched by the Economic slaughter going on…Disney to lay off 28,000 employees as coronavirus slams its theme park business

Sarah Whitten@SARAHWHIT10KEY POINTS Disney will lay off 28,000 employees across its parks, experiences and consumer products segment.The company blamed prolonged closures and capacity limits at open parks for the layoffs.While…

Central Banks STAND READY! Expect MUCH MORE EASY MONEY.. EPIC. Mannarino

Central Banks STAND READY! Expect MUCH MORE EASY MONEY.. EPIC. Mannarino

In Case You Missed This: America is facing an unprecedented wave of bankruptcies. It must act now

In Case You Missed This: America is facing an unprecedented wave of bankruptcies. It must act now

The US has a narrow window to prepare its courts and judges for an epidemic of bankruptcies and ensure the smooth passage of restructuring. Leaving the system to be overwhelmed…

JPMorgan slashes its forecast for US economic growth amid a lack of new stimulus

JPMorgan slashes its forecast for US economic growth amid a lack of new stimulus

Ben Winck JPMorgan is the latest Wall Street bank to slash its forecast for US economic growth because of weakened hopes for near-term stimulus.The bank on Thursday lowered its fourth-quarter 2020…

The Second Leg Of The Correction Begins, Tech Outflows Accelerate And Could Cause Structural Damage

The Second Leg Of The Correction Begins, Tech Outflows Accelerate And Could Cause Structural Damage

Already facing its worst crisis since 9/11, airline industry set to cut more than 35,000 jobs this week

Already facing its worst crisis since 9/11, airline industry set to cut more than 35,000 jobs this week

TUI airline aurcrafts are parked at Brussels Airport, in Zaventem, outside Brussels, on March 12, 2020. (Photo by Kenzo TRIBOUILLARD / AFP) By Ian Duncan, Lori Aratani and Michael LarisSeptember 26, 2020 at 5:49…

Multi-Billionaire Hugo Salinas Price – The US May Be Destroyed By Mass Uprising

Multi-Billionaire Hugo Salinas Price – The US May Be Destroyed By Mass Uprising

Today multi-billionaire Hugo Salinas Price warned that the US may be destroyed by mass uprising. He also discussed gold and the role it may play. (King World News) – Multi-billionaire Hugo Salinas…

Keiser Report | The $50 Trillion Elephant | E1598

Keiser Report | The $50 Trillion Elephant | E1598

HUGE SELLOFF of Tech Stocks as Fed Reduces Corporate Bond ETF Purchases. Coincidence?

HUGE SELLOFF of Tech Stocks as Fed Reduces Corporate Bond ETF Purchases. Coincidence?

A woman unplugs an electrical cord…

Capitalism the Real Disease

Capitalism the Real Disease

© REUTERS / Rick WilkingCOLUMNISTS by Finian Cunningham15456 It’s hard not to agree with American professor Richard Wolff when he says the real disease facing the world is not Covid-19 but…

More Job CUTS, More Economic Slowdown, and the Inevitable Lockdown 2.0!

More Job CUTS, More Economic Slowdown, and the Inevitable Lockdown 2.0!

US Economic MELTDOWN Worsens.. Important Updates! By Gregory Mannarino

US Economic MELTDOWN Worsens.. Important Updates! By Gregory Mannarino

Weekly jobless claims rise unexpectedly as stimulus boost fades

Weekly jobless claims rise unexpectedly as stimulus boost fades

Fred Imbert@FOIMBERTKEY POINTS The Labor Department reported Thursday that initial jobless claims for the week ending Sept. 19 came in at 870,000.Economists polled by Dow Jones expected first-time claims to…

Here’s Another Economic Calamity Facing America: US’ West Coast Winemakers Fear Widespread Industry Losses Over Smoke-Tainted Grapes

Here’s Another Economic Calamity Facing America: US’ West Coast Winemakers Fear Widespread Industry Losses Over Smoke-Tainted Grapes

SHANNON STAPLETONENVIRONMENT by Evan Craighead 0 60 As wildfires continue to scorch the US West Coast, area winemakers are bracing for possible production and revenue hits due to the rejection of grapes that…

Massive Monetary Stimulus of Helicopter Money and the Inevitable Global Economic Collapse!

Massive Monetary Stimulus of Helicopter Money and the Inevitable Global Economic Collapse!

US economy is a hologram composed of memes like Tesla – Max Keiser

US economy is a hologram composed of memes like Tesla – Max Keiser

Keiser Report hosts, Max and Stacy look at the growing value of ‘intangibles’ in the stock market as the real economy disappears, only to be replaced by goodwill, derivatives, and…

Peter Schiff: The Price of Everything Is Going Up

Peter Schiff: The Price of Everything Is Going Up

  BY SCHIFFGOLD   As the Federal Reserve meeting wrapped up last week, Peter Schiff appeared on RT Boom Bust. The interview covered a number of topics, including gold, oil prices, the Fed and the…

They Know Its Gonna Get Ugly: Powell Warns Recovery Highly Uncertain, Argues for More Aid

They Know Its Gonna Get Ugly: Powell Warns Recovery Highly Uncertain, Argues for More Aid

By Christopher Condon  Fed chair and Treasury Secretary Mnuchin appear before House Focus on how taxpayer money being used, what more can be done WATCH: Fed Chair Powell says the U.S. economy…

A look at more ugly things to come: Monday’s stock-market selloff sets up worst September in 18 years

A look at more ugly things to come: Monday’s stock-market selloff sets up worst September in 18 years

By Mark DeCambre AGENCE FRANCE-PRESSE/GETTY IMAGES September trading is living up to its billing and then some. Stocks on Monday were seemingly unraveling a bullish trend that now risks thrusting U.S.…

Sizzler files for bankruptcy as the pandemic demolishes sales at casual-dining restaurants

Sizzler files for bankruptcy as the pandemic demolishes sales at casual-dining restaurants

Sizzler is the latest restaurant chain to file for bankruptcy due to the coronavirus pandemic.  Casual dining chain Sizzler filed for Chapter 11 bankruptcy on Monday. “Our current financial state is…

Greyerz – The Fourth Turning And “The Dark Years” As The World Prepares To Descend Into Total Chaos

Greyerz – The Fourth Turning And “The Dark Years” As The World Prepares To Descend Into Total Chaos

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned about the Fourth Turning and “The Dark Years” as the…

Why Is The Mainstream Media Signaling That A Much Larger Stock Market Decline Is Coming?

Why Is The Mainstream Media Signaling That A Much Larger Stock Market Decline Is Coming?

 by Michael Snyder Why would the mainstream media want all of us to believe that stock prices are about to fall dramatically?  Just like we witnessed earlier this year at the…

COLLAPSE IS A PROCESS, NOT AN EVENT

COLLAPSE IS A PROCESS, NOT AN EVENT

Look, I’m a systems guy.  I think in systems terms.  You should as well. Why? Because we’re entering a period of time when the major systems that have supported humanity…

Global economy has no capacity to carry any more debt – Max Keiser

Global economy has no capacity to carry any more debt – Max Keiser

The hosts of the Keiser Report, Max and Stacy, look at the US national debt, which has spiked by $4.2 trillion in a year to total $26.7 trillion. Max says…

United States is broke & the Fed knows it, it’s just blowing more air into asset bubble – Peter Schiff

United States is broke & the Fed knows it, it’s just blowing more air into asset bubble – Peter Schiff

The US Federal Reserve will eventually have to let interest rates rise unless it wants the dollar to become worthless, says veteran stockbroker and CEO of Euro Pacific Capital Peter…

2020 Has Been A “Nightmare Year” For America, And The Economic Fallout Is Just Getting Started

2020 Has Been A “Nightmare Year” For America, And The Economic Fallout Is Just Getting Started

by Michael Snyder Most of us have never experienced a year that has been as tough as 2020 has been for our nation.  It has just been one major crisis after…

The Economic Collapse Is Real…Almost 90 percent of NYC bars and restaurants couldn’t pay August rent

The Economic Collapse Is Real…Almost 90 percent of NYC bars and restaurants couldn’t pay August rent

By Bernadette Hogan  UpdatedEnlarge Image Patrons eat outdoors in NYC’s Chinatown area.Stephen Yang Nearly 90 percent of New York City bar and restaurant owners couldn’t pay their rent in August, heightening the continued…

‘Toxic debt’ is about to bring an end to American ‘game of Monopoly’ – Max Keiser

‘Toxic debt’ is about to bring an end to American ‘game of Monopoly’ – Max Keiser

© Getty Images / LdF Follow RT onThe US budget deficit is set to hit $3.3 trillion when the fiscal year ends in September, while the national debt is projected…