Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Friday July 31st, 2009

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Today's Financial Collapse News:

Market Watch: Insiders Selling Stock at Highest Rate Since Market Top

USA Today: Middle Aged White Men Hit Particularly Hard by Recession

USA Today: Punished by Recession, Millions Make Drastic Job Changes

CNN Money: Detroit Area Unemployment Rate Now in Excess of 17%

SF Chronicle: California Jobless Rate Will Remain High for a Long Time

LA Times: California's Mortgage Default Rate Soars to Just Under 10%

NY Times: Billions in Lehman Claims May Bury Shadowy Vt. Insurer

CNN Money: Four More (Regional) Banks Seized by FDIC Regulators

CNN Money: Massive Texas Bank May be Biggest Bank Failure of 2009

Bloomberg: Recession Much Worse Than Analysts Previously Thought

John Michael Greer: Sizable Second Serving of Econo-Collapse Awaits

Food and Energy News:

Business Week: Are We Heading for a Second, Even Bigger, Oil Shock?

Richard Heinberg: There is Nowhere Near as Much Coal as We Thought

Der Spiegel: Foreign Investors Snapping Up Farmland at Record Pace

Citizen Rage and Class War Terror:

Yahoo: Town Halls Turn into Houses of Horror for Congressional Reps

The Exiled: Are Subprime Cities the New American Gulag Archipelago?

NY Times: Self-Employed in "Vertigo" as They Fall from Middle Class

Der Spiegel: In Spain, Layoffs are Swelling the Ranks of the Desperate

Most Important Articles from Yesterday:

John Michael Greer: Industrial Economy a Giant Bubble Waiting to Pop

NY Times: U.S. Postal Service Continues to Take on Massive Deficits

Economist: Global Shipping Industry Devastated by Fiscal Meltdown

Economist: Bracing for the Collapse in Commercial Real Estate Values

From the LATOC Archives:

L.A. Times: Keeping the Unemployed Busy is a Means of Social Control

Seeking Alpha: "The nation is in danger of blowing up or coming apart"

The Atlantic: Fundamental Changes May Turn the Suburbs into Slums

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