Category Archives: Doomsday scenarios

Hubert Horan: The Airline Industry Collapse Part 4 – Total Paralysis Continues

Hubert Horan recaps a talk with FT Alphaville’s Izabella Kaminska on why the airline is in desperate shape and not considering solutions.

Wolf Richter: Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse

Unemployment claims continue to increase, with nearly 20% collecting unemployment insurance. even according to the stringent claims criteria.

More than 500,000 People in Oregon Flee Wildfires

West coast wildfire crisis extends beyond California to include parts of Oregon and Washington states, caused by rare windstorms..

What Rent Drop? Listed Prices Aren’t Budging Where COVID-19 Hit Hardest

New York City disproves popular beliefs about flight from cities and rent declines.

Brexit: Pear Shaped

A desperate Government Brexit ploy, perhaps conceived to increase its negotiating options, has quickly become an own goal.

How Warming Will Widen the Italy North-South Economic Gap

In Italy and elsewhere around the globe, climate change will worsen existing inequalities, researchers say.

Hoboken, New Jersey Sues Oil Industry for Climate Impacts From its ‘Deceptive Actions’

New Jersey has now filed lawsuits to pin liability on fossil fuel interests for climate change, with the city of Hoboken being the latest.

China Faces Food Shortage?

COVID-19 has rendered food security shaky, in the medium to long term, for many countries. Does China face impending food shortages?

‘The Situation Is Dire’: As Trump Takes Victory Lap, New Jobs Report Reveals Alarming Surge in Permanent Unemployment

As we cruise into Labor Day, the state of permanent U.S. unemployment is dire; and with no end in sight to the pandemic, will only worsen.

Robert Pollin: Biden Not Phasing Out Fossil Fuel, Relies on Carbon Capture

Robert Pollin critiques the Biden climate plan for over-relying on unproven carbon capture, investing too little in solar and wind, and treating China as a rival.

Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy

The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.

How Should the European Union Respond to Rising Greece-Turkey Tensions?

Can the EU de-esclate increasingly testy Greece-Turkey dealings ?

The Rotten Alliance of Liberals and Neocons Will Likely Shape U.S. Foreign Policy for Years to Come

How the Democrats have become Republicans in all but name, now with their love affair for neocons.

More Giveaways to Capitalist Finance? It’s High Time To Change the Objective

Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.