Showing posts with label Meltdown. Show all posts
Showing posts with label Meltdown. Show all posts

Thursday, March 13, 2014

Ellmers Calls In Pro-Amnesty Group For Rescue After On-Air Meltdown

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Ellmers Calls In Pro-Amnesty Group For Rescue After On-Air Meltdown

Friday, January 24, 2014

20 Early Warning Signs That We Are Approaching A Global Economic Meltdown

20 Early Warning Signs That We Are Approaching A Global Economic Meltdown
http://theeconomiccollapseblog.com/wp-content/uploads/2014/01/Earth-From-Space-2013-300x300.jpg


Earth From SpaceHave you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China?  If you are like most Americans, you have not been.  Most Americans don’t seem to really care too much about what is happening in the rest of the world, but they should.  In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks.  We are not at a “global crisis” stage yet, but things are getting worse with each passing day.  For a while, I have felt that 2014 would turn out to be a major “turning point” for the global economy, and so far that is exactly what it is turning out to be.  The following are 20 early warning signs that we are rapidly approaching a global economic meltdown…


#1 The looting, violence and economic chaos that is happening in Argentina right now is a perfect example of what can happen when you print too much money…


For Dominga Kanaza, it wasn’t just the soaring inflation or the weeklong blackouts or even the looting that frayed her nerves.


It was all of them combined.


At one point last month, the 37-year-old shop owner refused to open the metal shutters protecting her corner grocery in downtown Buenos Aires more than a few inches — just enough to sell soda to passersby on a sweltering summer day.



#2 The value of the Argentine Peso is absolutely collapsing.


#3 Widespread shortages, looting and accelerating inflation are also causing huge problems in Venezuela…


Economic mismanagement in Venezuela has reached such a level that it risks inciting a violent popular reaction. Venezuela is experiencing declining export revenues, accelerating inflation and widespread shortages of basic consumer goods. At the same time, the Maduro administration has foreclosed peaceful options for Venezuelans to bring about a change in its current policies.


President Maduro, who came to power in a highly-contested election last April, has reacted to the economic crisis with interventionist and increasingly authoritarian measures. His recent orders to slash prices of goods sold in private businesses resulted in episodes of looting, which suggests a latent potential for violence. He has put the armed forces on the street to enforce his economic decrees, exposing them to popular discontent.



#4 In a stunning decision, the Venezuelan government has just announced that it has devalued the Bolivar by more than 40 percent.


#5 Brazilian stocks declined sharply on Thursday.  There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.


#6 Ukraine is rapidly coming apart at the seams…


A tense ceasefire was announced in Kiev on the fifth day of violence, with radical protesters and riot police holding their position. Opposition leaders are negotiating with the government, but doubts remain that they will be able to stop the rioters.



#7 It appears that a bank run has begun in China…


As China’s CNR reports, depositors in some of Yancheng City’s largest farmers’ co-operative mutual fund societies (“banks”) have been unable to withdraw “hundreds of millions” in deposits in the last few weeks. “Everyone wants to borrow and no one wants to save,” warned one ‘salesperson’, “and loan repayments are difficult to recover.” There is “no money” and the doors are locked.



#8 Art Cashin of UBS is warning that credit markets in China “may be broken“.  For much more on this, please see my recent article entitled “The $ 23 Trillion Credit Bubble In China Is Starting To Collapse – Global Financial Crisis Next?“


#9 News that China’s manufacturing sector is contracting shook up financial markets on Thursday…


Wall Street was rattled by a key reading on China’s manufacturing which dropped below the key 50 level in January, according to HSBC. A reading below 50 on the HSBC flash manufacturing PMI suggests economic contraction.



#10 Japanese stocks experienced their biggest drop in 7 months on Thursday.


#11 The value of the Turkish Lira is absolutely collapsing.


#12 The unemployment rate in France has risen for 9 quarters in a row and recently soared to a new 16 year high.


#13 In Italy, the unemployment rate has soared to a brand new all-time record high of 12.7 percent.


#14 The unemployment rate in Spain is sitting at an all-time record high of 26.7 percent.


#15 This year, the Baltic Dry Index experienced the largest two week post-holiday decline that we have ever seen.


#16 Chipmaker Intel recently announced that it plans to eliminate 5,000 jobs over the coming year.


#17 CNBC is reporting that U.S. retailers just experienced “the worst holiday season since 2008“.


#18 A recent CNBC article stated that U.S. consumers should expect a “

Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores.


On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It’s the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy’s.


Further signs of cuts in the industry came Wednesday, when Target said that it will eliminate 475 jobs worldwide, including some at its Minnesota headquarters, and not fill 700 empty positions.



#19 The U.S. Congress is facing another deadline to raise the debt ceiling in February.


#20 The Dow fell by more than 170 points on Thursday.  It is becoming increasingly likely that “the peak of the market” is now in the rear view mirror.


And I have not even mentioned the extreme drought that has caused the U.S. cattle herd to drop to a 61 year low or the nuclear radiation from Fukushima that is washing up on the west coast.


In light of everything above, is there anyone out there that still wants to claim that “everything is going to be okay” for the global economy?


Sadly, most Americans are not even aware of most of these things.


All over the country today, the number one news headline is about Justin Bieber.  The mainstream media is absolutely obsessed with celebrity scandals, and so is a very large percentage of the U.S. population.


A great economic storm is rapidly approaching, and most people don’t even seem to notice the storm clouds that are gathering on the horizon.


In the end, perhaps we will get what we deserve as a nation.



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Read more about 20 Early Warning Signs That We Are Approaching A Global Economic Meltdown and other interesting subjects concerning Economy at TheDailyNewsReport.com

Thursday, January 9, 2014

Michael Bay Has Meltdown At CES 2014


Michael Bay Has A Meltdown at CES 2014 and walks off stage during his live talk. Transformers 4 hits theaters in June. ▻ http://bit.ly/ENTVSubscribe ▻ ▻ Watc…



Michael Bay Has Meltdown At CES 2014

Monday, October 28, 2013

Marc Faber Interview 12 May 2013 - Economic Meltdown

Marc Faber Interview 12 May 2013 - Economic Meltdown
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Marc Faber Interview 12 May 2013 - Economic Meltdown

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Read more about Marc Faber Interview 12 May 2013 - Economic Meltdown and other interesting subjects concerning Opinion at TheDailyNewsReport.com

Thursday, October 24, 2013

Next up: Medicaid expansion meltdown


For those of you being entertained by the Obamacare disaster, I’ve got good news. Pop some more popcorn, sit back in your chair and watch the meltdown that will occur when the Medicaid expansion begins on November 1.


Politico:


A new phase of the Obamacare launch is coming, this one involving Medicaid. And it could be déjà vu all over again.


On Nov. 1, the health law’s malfunctioning enrollment system is supposed to send reams of data to states so they can begin placing thousands of people into Medicaid. But state officials say that transfer system has barely been tested and could be vulnerable to technical failures like those that have crippled the broader Obamacare sign-up process.


“We’re flying blind on what the process is,” said Kathleen Nolan, state policy head of the National Association of Medicaid Directors. “There hasn’t been the capacity to do a lot of the testing. … There’s a natural concern that with a major load of data to be sent all at once – there is concern that what has been tested may not be able to handle the volume.”


It’s a challenge for state governments, and people trying to sign up for the low-income health care program could be left unsure of their coverage status.


Marilyn Tavenner, who runs the Centers for Medicare & Medicaid Services, on a conference call with states Tuesday did not offer a timetable for a full repair, according to Matt Salo, executive director of the National Association of Medicaid Directors. The date was already postponed once, from Oct. 1.


Nolan said some people managed to sign up on the flawed HealthCare.gov website only to be told to reach out to their local Medicaid agencies to finalize enrollment. But the local Medicaid offices can’t confirm anything because the applications haven’t been transferred.


“People are getting a little confused,” Nolan said.


A federal Medicaid spokeswoman said the Obama administration has delivered a basic snapshot of the Medicaid-eligible population to help states get a sense of the numbers so they can plan.


But that so-called flat file includes only names and addresses, not nearly the level of data state Medicaid programs need to process applications.


Under Obamacare, millions of low-income uninsured people are expected to enroll in Medicaid, which will be expanded significantly in about half the states on Jan. 1. Plus, the health law’s enrollment push is expected to bring out of the woodwork people who are currently eligible but haven’t already signed up for Medicaid. Early data from states running their own enrollment systems are reporting tens of thousands of new Medicaid enrollees so far this month, a potential indicator of strong interest.



There are now 25 states that have agreed to expand their Medicaid programs – most of which will be dependent on the healthcare.gov website to help process initial enrollees. What are the chances of a smooth rollout?


Vegas probably didn’t even bother to post odds.




American Thinker Blog



Next up: Medicaid expansion meltdown

Wednesday, July 17, 2013

Senate nomination pact averts meltdown _ for now








Senate majority leader Harry Reid gestures as he speaks to the media as lawmakers moved toward resolving their feud over filibusters of White House appointees on Capitol Hill in Washington, Tuesday, July 16, 2013. (AP Photo/Jacquelyn Martin)





Senate majority leader Harry Reid gestures as he speaks to the media as lawmakers moved toward resolving their feud over filibusters of White House appointees on Capitol Hill in Washington, Tuesday, July 16, 2013. (AP Photo/Jacquelyn Martin)





Senate Minority Leader Mitch McConnell, R-Ky., and GOP leaders talk to reporters after the Senate stepped back from the brink of a political meltdown, clearing the way for confirmation of one of President Barack Obama’s long-stalled nominations, at the Capitol in Washington, Tuesday, July 16, 2013. At far left is Sen. Roy Blunt, R-Mo. (AP Photo/J. Scott Applewhite)





Republican senators, from left, Sen. John Thune, R-S.D., Sen. John Barrasso, R-Wyo., Sen. John McCain, R-Ariz., and Sen. John Hoeven, R-N.D., walk from the floor to a closed-door caucus after a compromise between the Democratic majority and the GOP minority on filibuster rules, at the Capitol in Washington, Tuesday, July 16, 2013. Senate Majority Leader Harry Reid credited Sen. McCain, with helping broker a breakthrough.The Senate just voted 71-29 to end a two-year Republican blockade that was preventing Richard Cordray from winning confirmation as director of the Consumer Financial Protection Bureau. (AP Photo/J. Scott Applewhite)





Sen. Chuck Schumer, D-N.Y., chairman of the Senate Rules Committee, speaks with reporters just off the Senate floor as lawmakers moved toward resolving their feud over Republican filibusters of White House appointees, at the Capitol in Washington, Tuesday, July 16, 2013. The Senate just voted 71-29 to end a two-year Republican blockade that was preventing Richard Cordray from winning confirmation as director of the Consumer Financial Protection Bureau. (AP Photo/J. Scott Applewhite)













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(AP) — A bipartisan Senate pact has smoothed the confirmation path for a batch of President Barack Obama’s nominations and removed, for now, a Democratic threat to impose procedural changes weakening minority Republicans’ clout. Yet there are no guarantees that the conflict won’t flare anew the next time a White House appointment stirs controversy.


A day after both parties celebrated an agreement averting a bitter fight over Senate rules, the chamber planned to vote Wednesday on one of Obama’s picks, Fred Hochberg to be president of the Export-Import Bank.


Also possible this week are roll calls on Labor Secretary-designate Tom Perez and Gina McCarthy, Obama’s choice to lead the Environmental Protection Agency.


On Tuesday, Republicans agreed to allow quick votes on seven Obama selections by simple majority margins, rather than forcing Democrats to garner 60 votes to succeed. Hours later, the Senate by 66-34 approved the first of those appointments, confirming Richard Cordray to head the Consumer Financial Protection Bureau — after Republicans had blocked him for nearly two years as they demanded changes in the agency’s structure and financing.


In a written statement, Obama thanked Senate leaders for working out their dispute but criticized his opponents for using “purely political reasons” to stall the nominations.


“In the weeks ahead, I hope the Congress will build on this spirit of cooperation to advance other urgent middle-class priorities” like revamping immigration laws and keeping student loan interest rates from rising, Obama said.


In exchange for the GOP concessions on the nominations, Democrats agreed to drop their effort to change the chamber’s rules. Obama also submitted two new nominees for a pair of labor posts after Republicans adamantly opposed his initial picks.


“Does that mean it will last forever? I don’t know about that,” Senate Majority Leader Harry Reid, D-Nev., said of the accord. But he added, “We have a new start for this body, and I feel very comfortable with it.”


Democrats had been threatening to muscle through a rules change preventing opponents from forcing top agency nominees to win 60 votes from the 100-member Senate.


That would have diminished the chamber’s filibuster rule that minority parties, Republicans as well as Democrats, have long cherished as a tool that prevents them from becoming virtually irrelevant. Changing the Senate’s rules by majority vote — instead of the two-thirds margin usually required when the plan is controversial — is unusual and considered likely to invite such harsh retaliation that it is called the nuclear option.


“I think it’s a step in the right direction that the majority has chosen not to exercise the nuclear option,” Senate Minority Leader Mitch McConnell, R-Ky. “We feel good about that. I think they feel good about it. So I think that crisis has been averted.”


The standoff was resolved following an exceptional closed-door meeting in the Capitol’s old Senate chamber Monday night, attended by nearly every senator. For the previous several days, senators had met and made phone calls in an effort to head off a clash, with several lawmakers crediting Sens. John McCain, R-Ariz., and Chuck Schumer, D-N.Y., for helping bring the sides together.


As part of the resulting agreement, Obama withdrew his nominations of two nominees to the National Labor Relations Board, Richard Griffin and Sharon Clark. Obama installed Griffin and Clark onto the board in 2011, bypassing the Senate but triggering a legal challenge in which an appeals court has said the two appointments were invalid. Republicans were insistent that those selections be replaced.


In their places, Obama nominated Nancy Schiffer, a former top lawyer for the AFL-CIO, and Kent Hirozawa, counsel to NLRB Chairman Mark Pearce. Reid said he was planning for the Senate to confirm both next week.


The seventh Obama appointment involved in the bipartisan deal is Pearce, whose pick is relatively uncontroversial. The NLRB appointments, if confirmed as expected, would prevent the virtual shutdown of the agency because of a lack of confirmed board members to rule on collective bargaining disputes between unions and companies.


___


Associated Press writer David Espo contributed to this report.


Associated Press




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Senate nomination pact averts meltdown _ for now

Tuesday, May 14, 2013

The Worst Company Meltdown on Facebook Ever

The Worst Company Meltdown on Facebook Ever


Amy’s Baking Company in Scottsdale, Arizona was recently featured on an episode of Kitchen Nightmares, in which Gordon Ramsay eventually broke off his agreement to help the bakery because the owners, Samy and Amy Bouzaglo were too awful to work with… yeah, that’s right: if Gordon Freakin’ Ramsay thinks you’re too difficult, maybe it’s time to do some soul searching. If that doesn’t give you a good idea of what the Bouzaglos are like, maybe this will…




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The Worst Company Meltdown on Facebook Ever