Two Shocking Charts Expose The Stunning Collapse In The US
There is too much debt in the economy that cannot be serviced.
by Eric King
1 in 5 unemployed workers can't find jobs
46% who found jobs said it came with a pay cut and 44% reported a drop in status.
by Melvin Backman

U.S. Existing Home Sales Fall in August
Pace of home sales has dropped 5.3 percent year-over-year.
by Associated Press
Scam Alert: Hospitals All Over America Are Wildly Inflating Medical Bills
The next time you visit a hospital, it is your wallet that may end up hurting the most.
by Michael Snyder

Faber: Economic Bubbles Are Everywhere
A real black swan event, he argued, would be a global recession.
by Matthew J. Belvedere
Alibaba Overtakes Amazon, Facebook
Chinese company now worth $228.5 billion.
by Associated Press

Warner Bros. Expected to Cut as Many as 1,000 Jobs
“This is a budget issue, not a head count issue.”
by Claudia Eller & Stuart Oldham
Home Depot Says Data Hack Affected 56 Million Payment Cards
Hackers use custom-made software to evade detection.
by Matt Townsend


Minimum-Wage Blowback; The De-Humanization Of Fast-Food Has Begun
Need to maintain profits has stoked a move towards dehumanization.
by Zero Hedge
Tesla Tumbles After Analyst Raises Cautions About Growth
“We do not expect the stock to appreciate so consistently and one-directionally from here”
by Keith Naughton

Record High Stocks Mask NASDAQ Trouble
47 percent of Nasdaq Composite Index stocks down at least 20 percent.
by Lu Wang and Joseph Ciolli
GM Faces 125 Death Compensation Claims on Ignition Switch
Defective switch cuts power to the engine and deactivates air bags.
by Jeff Plungis and Yang Yang

Report: Citi, Deutsche Bank, Bank Of America Handled Cocaine-Tainted Cash
Banks Were Channels For Sending Drug Money To Colombia, Court Filing Shows.
by Angelo Young
Our Bubble Economy Is On Its Last Gasp
“There Is A 100% Probability That The System Will Crash.”
by Joshua Krause

EU seeks billions of euros to revive economy
Ministers need radical steps to help growth at a time of near record unemployment.
by Reuters
U.S. Stocks Decline on Fed Bets After Retail Sales Climb
Retail sales and consumer confidence falls.
by Callie Bost and Namitha Jagadeesh