Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Tuesday August 25th, 2009

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Today's Most Important Articles from the Independent Media:

Kunstler: "America loves the word recovery as only a sick society can"

Mike Whitney: "Real estate collapse is accelerating, not slowing down"

Joe Bageant: "A nation of children roots for the pharmaceutical mafia"

Charles Hugh Smith: Pareto Principle, the Next Wave Down in Housing

Banking and Industrial Meltdown:

Bloomberg: Fed Forced to Release Reports on Emergency Bank Loans

Reuters: Obama to Raise Federal Deficit from $7 Trillion to $9 Trillion

Washington Post: Auto Industry Braces for Post Clunker Party Collapse

NY Times: Inside the Bureau of Public Debt (They Sell America's IOUs)

Reuters: Anaylst Sees 150 to 200 More Bank Failures in Current Crisis

Financial Times: Roubini Says Risk of Double Dip Econo Collapse Rising

Yahoo Finance: "The war is coming, it is upon us, worst is yet to come"

San Francisco Chronicle: Cash is King in Home Sales as Loans Dry Up

Ritz Holtz: Existing Home Sales Far Worse Than Housing Industry Says

Collapse of U.S. Cities, States:

Los Angeles Times: California Unemployment Reaches Post WWII High

Financial Times: U.S. Suburbs Become New Face of Foreclosure Wave

Rhode Island Government Plans 12 Day Shutdown due to Budget Cuts

Philly Inquirer: "Doomsday Budget" the Door Closing on City's Casket

Wall Street Journal: Homeowners Failing to Catch up on Lapsed Loans

San Francisco Chronicle: Bay Area Mortgage Delinquencies Go Soaring

San Francisco Chronicle: Following Foreclosure, the Tax Man Cometh

Time Magazine: How One City Plans to Punish Banks for Foreclosures

Crimes, Conspiracies, and High Weirdness:

Time: Ex Wives and Others Eagerly Await the UBS List of Tax Cheaters

NY Times: Massive Propaganda Blitz Aims to Revive Consumer Culture

NY Times: Accusation of Massive Organ Theft Ring Stokes Ire in Israel

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