Delinquent FHA Mortgages Soar By Record 60% To All Time High, As Homeowner Budgets Implode
By Tyler Durden Last month we quoted from Wolf Richter to remind readers of something we discussed several months ago when we went over the…
Tyler Durden
Could This Be America’s Most Expensive Combat Drone Ever?
By Tyler Durden The US has spent trillions and trillions of dollars under the Trump administration to modernize the military, ahead of what could be…
Dramatic Photos: Desperate For Provisions, Thousands Of Cars Line Up At Texas Food Bank
By Tyler Durden Dramatic images released this week show thousands of cars stretching for miles, lining up for provisions at a Texas food bank as…
Google Officially Ends Cooperation With Hong Kong Police As “Nat Sec” Law Erodes Political Freedoms
By Tyler Durden A little over one month after Google parent Alphabet, Facebook and Twitter said they would temporarily cease processing police or other official…
Food Bank Strains Emerge As Economy Falls Off Fiscal Cliff
By Tyler Durden The latest economic data suggest the US recovery stalled. One look at the Citi US econ surprise index, as of this week,…
Mortgage Mayhem Begins: Overall Delinquency Rates Soar As Housing Crisis Lurks
By Tyler Durden Readers may recall as early as April we outlined how mortgage lenders were preparing for the most significant wave of delinquencies in history…
“Financially Devastated” — 83% Of NYC Restaurants Unable To Pay July Rent
By Tyler Durden The state of the New York City restaurant industry is in dire straits. July proved to be another disastrous month for restaurants, bars,…
35% Of Small Business Owners Tapped Personal Savings To Pay Rent, Wages During Pandemic
By Tyler Durden As the federal government steps in to bail out overleveraged borrowers in the commercial real estate space, a growing body of evidence…
Two Ex-Green Berets Sentenced To 20 Years In Prison For “Rogue” Venezuela Op
By Tyler Durden A Venezuelan court stopped short of handing down the maximum sentence to two former United States Army Special Forces soldiers for their…
New Survey Confirms Second Wave Of US Layoffs Is Well Under Way
By Tyler Durden Readers may recall in mid-April, the first signs of the second round of layoffs and furloughs appeared. Then by June, high-frequency data of the…
On Verge Of Six-Week Shuttering, Australian Small Businesses Beg: We Can’t Survive Another Lockdown
By Tyler Durden The reality on the ground in Australia is that many small businesses were struggling even before the coronavirus lockdowns began. Now, with the country…
Connected Car Cyberattacks Have Skyrocketed, Up 99% In The Past Year
By Tyler Durden While the idea of “connected” cars seems like a logical and convenient path for the automotive industry to appease customers, it brings…
Apple Demands UK Retail Landlords To Slash Rents By Half
By Tyler Durden Apple Inc. soared 10% Friday after a blowout earnings report, adding $171 billion to its market capitalization, making it the world’s most valuable company,…
It’s Now Virtually Impossible To Get A Bank Loan As Lending Standards Soar
By Tyler Durden One quarter ago we pointed out something concerning: shortly after JPMorgan reported that its loan loss provision surged five-fold to over $8.2…