The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. The historic decline marked a third consecutive quarter of negative growth in a worsening recession. France’s economy started shrinking in the last […]
Collapse
16 posts
A section of the US-Mexico border wall in South Texas has reportedly failed to withstand the power of nature, collapsing under the strong winds of Hurricane Hanna, and sending President Trump’s critics into overdrive. “For the fury of nature, there are no borders,” wrote Yadith Valdez, who was among the first […]
The US dollar’s status as the dominant global currency is at risk of being eroded because of mounting government debt, according to Zhu Min, former senior executive with the International Monetary Fund (IMF). His warning comes as the United States is expected to double down on its fiscal stimulus measures […]
As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff. He says silver may hit $50 per ounce. The rally will be short-lived, however, with Schiff describing the metal as “the new bitcoin.” The […]
Economic Collapse, Pandemic: There Is No Plan (For You) By Hamilton Nolan, In These Times. July 15, 2020 Economic Collapse, Pandemic: There Is No Plan (For You)2020-07-152020-07-15https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/people-sleeping-on-subway-car-e1594831271841.jpg200px200px Above photo: People sleeping on subway car, Photo by Jose Perez/Bauer-Griffin/GC Images. Unemployment, evictions, business failure, a pandemic and health crises are all here at […]
Scientists have issued new warnings over the Thwaites Glacier in the Amundsen Sea in West Antarctica, saying its collapse could result in substantial sea-level rises. In interviews with the Financial Times, several scientists noted that the collapse of the ice mass – which has been referred to as the “doomsday […]
…from SouthFront Saudi Arabia has become a hostage of its own military campaign in Yemen. The Kingdom suffers from both its own inability to achieve a military victory in the conflict and regular losses from the retaliatory actions of the Houthis. At the same time, the Saudi leadership has no […]
Predictions about the end of the European project have long been bandied about in the corridors of power and in newspaper columns. However, one Finnish MEP has joined the long list of those making the claim that the end may be on the horizon. The European Union is on track […]
https://cdn1.img.sputniknews.com/img/107983/47/1079834762_0:140:3153:1913_1200x675_80_0_0_db4c272479e34d4b481c83d10e70665f.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/uk/202007091079834713-crane-collapse-in-londons-east-leaves-one-person-killed-4-others-injured/ LONDON (Sputnik) – One woman was killed and four people injured as a result of a high-rise tower crane falling down on residential houses in the Bow area of eastern London, city authorities said on Wednesday. “At approximately 2.39 pm on Wednesday, 8 […]
…by Jonas E. Alexis The collapse of the black family we alluded to in an earlier article is inextricably linked to the rise of the Civil Rights Movement. In his sociological study “The Origins of African-American Family Structure,” sociologist and historian Steven Ruggles of the University of Minnesota documents that […]
The outcome of Russia’s ‘national vote’ on a series of amendments to the constitution serves to reaffirm that most Russians want the country to plow its own furrow, regardless of what outsiders think. In the end, the margin was huge. Exit polls suggested around 70 percent of voters said ‘yes’ […]
China activated a Level-IV emergency response on Saturday after strong winds whipped across the eastern coast as Typhoon Nuri made landfall, hitting Guangdong Province and major cities including Hong Kong. Footage has emerged of a gigantic crane weighing an estimated 10 tonnes, and being toppled over by high winds on Friday […]
Dr. Paul Craig Roberts describes the Herland Report as “courageous truth-telling and very impressive.” She has interviewed a wide host of influencers including Bishop Harry Jackson. Hanna Herlund is a Scandinavian historian of comparative religions, bestselling author, commentator and TV producer, known from the media for sharp analysis and […]
Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on onshore drilling may already be wearing off here and there where drilling is cheap, they may linger for longer offshore. Despite major […]
A Second wave of Covid-19 cases is a major risk for the energy market, the International Energy Agency (IEA) has warned. The agency raised its outlook for oil demand, which will still see a record drop this year. In its key monthly report published on Thursday, the Paris-based energy watchdog […]
Low-Balling The Unemployed In The 2020 Economic Collapse By Jack Rasmus, Predicting the Global Economic Crisis. May 12, 2020 Low-Balling The Unemployed In The 2020 Economic Collapse2020-05-122020-05-12https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/jobless-claims-arrow-up-e1589302151987.png200px200px Above photo: From Yahoo.com. This past Friday, May 8, the US Labor Dept. released its latest jobless figures. The official report was 20 […]