Why Millions of US Workers Aren’t Collecting Unemployment During the COVID-19 Pandemic
By Jon Miltimore Before COVID-19, Annie Frodeman held two-part time jobs, one as a ramp agent for Piedmont Airlines in Burlington and another registering ER…
Economic Collapse
Eviction Moratorium Expires Today, Putting Millions Of Renters At Risk
By Tyler Durden The Federal Housing Administration (FHA) was able to stop evictions of renters during the coronavirus pandemic. The Coronavirus Aid, Relief, and Economic Security Act (CARES)…
AT&T Says 338,000 Customers Stopped Paying Phone Bill During Pandemic
By Tyler Durden AT&T Inc., for the first time, disclosed how many customers stopped paying their phone bill because of economic hardships related to the virus-induced recession, reported…
Yelp: Over 50% Of Restaurants Temporarily Closed Are Now Permanently Closed
The number of permanently closed business is surging across America and no major media outlet is sounding the alarm. These are lives ruined, jobs lost,…
Unemployed Americans Spent More With $600 Weekly Boost Than Before Pandemic; That’s About To Go Away
By Tyler Durden At the end of this month, millions of unemployed Americans are set to lose their $600-per-week federal unemployment boost on top of…
This Is a Financial Extinction Event
By Charles Hugh Smith The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed….
Don’t Look Now, But This Airline Just Cancelled All International Flights Until March 2021 Due To COVID
By Tyler Durden The prospects for a V-shaped recovery in airlines are looking dim. The latest indication of how slow things are getting back to…
“Tsunami” of Evictions Could Make 28 Million Americans Homeless This Summer Alone
By Elias Marat With the pandemic continuing to sink its claws into the United States, economic conditions have also failed to improve for millions of…
The Delusion Of A Seamless Reopening Is About To Be Obliterated
Op-Ed by Brandon Smith During the first wave of pandemic lockdowns, America became a rather surreal place. The initial shock that I witnessed in average…
Almost 50 Million Americans Have Now Filed For First-Time Jobless Benefits Since Lockdowns Began
By Tyler Durden Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production) and…
California “Utterly Failing” As 2 Million Residents Waiting For Unemployment Checks
By Tyler Durden Approximately two million Californians are still waiting for their unemployment checks from the first three months of the government-mandated COVID-19 lockdowns, according…
World Economic Forum: The Institution Behind “The Great Reset”
Sustainable Development, aka Technocracy, is racing to the finish line as the world is forced into a ‘Great Reset’ by the global elite. This is…
Retail Apocalypse Accelerates – 8,700 Stores Closing, Number Set To Rise
By Tyler Durden The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the…
Major Tax Increases are About to Slam America as Cities and States Want You to Pay for Covid Fallout
By Isaac Davis Just prior to the global Coronavirus outbreak, serious signs of an emerging financial crisis began to emerge. As people were beginning to…