2020 Ends With Around 20 Million Americans Still On Jobless Benefits
By Tyler Durden The total number of Americans on government unemployment benefits ended 2020 just below 20 million. 2019 ended with just 2 million on…
Economic Collapse
A Billion Unsold Room Nights And “It’s Going To Get Worse” As America’s Hotel Occupancy Rate Re-Plunges
By Tyler Durden A solid recovery in the hotel industry is years away as travel and tourism will likely remain suppressed well into 2021 as…
$600 Stimulus Checks Won’t Pull America Out Of This Mess
By Michael Snyder Well, it looks like we are going to get $600 stimulus payments from the federal government after all. Oh goody! For the…
For 55 Percent Of Americans, 2020 Has Been “A Personal Financial Disaster”
By Michael Snyder One of the big reasons why so many Americans are angry about the size of the “stimulus payments” in the COVID relief…
54 Million Americans – Including 18 Million Kids – To Lack Access to Sufficient Food by Year’s End
By Elias Marat A new analysis has found that 54 million people in the United States, including 18 million children, will lack access to sufficient…
Here’s A Breakdown Of Everything Inside The $900BN Stimulus Bill, And What It Means For The US Economy (Update)
By Tyler Durden Within hours, Congress is set to vote on (and pass) a $900 billion Covid-19 aid bill that includes assistance for households and…
Cash-Strapped Iraq Drastically Devalues Dinar As Fears Of Nationwide Unrest Grow
By Tyler Durden According to the latest IMF forecasts, Iraq’s GDP will contract 12% this year, more than that of any other OPEC member under…
Mass Starvation Looms as Yemen’s Currency Nears Historic Freefall
By Ahmed Abdulkareem TAIZ, YEMEN- – Both Saudi Arabia and the United Arab Emirates seem to be doing everything in their power to prevent an…
“It’s A Constant Struggle”: Cost Of Living Increases Are Decimating The Middle And Lower Class
By Tyler Durden While the government continues to peddle the CPI fairy tale and the true cost of living (as measured by real-world inflationary indicators…
Former Goldman CFO Calls For Universal Basic Income “To Stave Off Revolution”
By Tyler Durden Former Goldman Sachs CFO Marty Chavez thinks that income redistribution via Universal Basic Income (UBI) is the only way to stave off…
Movie Theaters Are On The Brink Of A Complete And Total Collapse
By Tyler Durden The hits just keep on coming for movie theaters. With their businesses already thrashed by Covid, theaters are now having to deal…
Coke Firing 12% Of US Workers Due To Covid
By Tyler Durden The K-shaped recovery took another big step forward today when – with stocks at all-time highs and bitcoin exchange Coinbase announcing it…
Winter Is Coming: 62% Of U.S. Small Business Owners “Fear The Worst Is Still To Come”
By Michael Snyder The official start of winter is just a few days away, and many small business owners are concerned that their businesses won’t…
A Record 61% Of Restaurants, 35% Of Small Businesses Can’t Pay December Rent
By Tyler Durden Another day, another restaurant doomsday story. According to the latest Alignable Rent Poll, it’s becoming increasingly difficult for small businesses everywhere to…