Americans are drowning in debt – A new survey aims to finds out why

By Cameron Huddleston 8 November 2018(GOBankingRates) – Debt truly is a four-letter word for many Americans. It can lead to stress, sleepless nights and fighting in relationships. It can force you to live paycheck to paycheck and prevent you from getting ahead financially.Because debt is such a widespread problem in the U.S., GOBankingRates set out […]

What migrants displaced by the Dust Bowl and climate events can teach us

By Francesca Paris 20 October 2018 (NPR) – The World Bank predicts climate change could create as many as 143 million “climate migrants” by 2050. The result would be a mass migration twice as large as the number of refugees in the world today.Though the size of potential displacement is unprecedented, the relationship between migration […]

Paul Volcker, at 91, sees “a hell of a mess in every direction” – “How can you run a democracy when nobody believes in the leadership of the country?”

By Andrew Ross Sorkin 23 October 2018 (The New York Times) – Paul Volcker, wearing a blue sweatsuit and black dress socks, stretched out on a recliner in the den of his Upper East Side apartment on a Sunday afternoon. His lanky 6-foot-7 frame extended beyond the end of the chair’s leg rest. He added […]

Impoverished farm town is left behind in California – “We’re in the Appalachians of the West”

By Brian Melley 19 October 2018 HURON, California (AP) – A rooster signals the start of the day as workers wearing sombreros and ball caps emerge from the shadows and shuffle past boarded-up businesses in this tiny farm town. They converge on a dimly lit dirt lot outside Panaderia de Dios, a bakery sweetening the […]

Opioid crisis: Incalculable pain and a $1 trillion hit to the U.S.

By Irina Ivanova 24 October 2018 (CBS News) – President Donald Trump is set Wednesday to sign another bill that aims to stem America’s opioid crisis. It comes as overdose deaths from the drugs have continued to surge. Roughly 70,000 people died from overdoses last year, according to the Centers for Disease Control and Prevention, […]

Why the world’s recycling system stopped working – “If the recycling industry is good, why do America, Europe, Korea, and Japan have to export to other countries?”

By Leslie Hook and John Reed 24 October 2018 (Financial Times) – As Robert Reed examines a mountain of trash piled three storeys high, a thin white plastic bag catches his eye. He fishes it out and holds it up. “That is a problem plastic,” he says gravely. “These get stuck in the machines, and […]

The “Everything Bubble”: Analyst who predicted the 2008 crash warns of bubble brewing in U.S. household wealth

By Barbara Kollmeyer 18 October 2018 (MarketWatch) – Much has been made about how much wealth is sloshing around in U.S. households and the significance of that fact. Our call of the day pulls no punches as it warns that all of that oft-referenced increase in affluence has been artificially inflated by the Fed, which […]

UN report shows climate change causing “dramatic rise” in economic losses – “The next one that is going to hit us with an explosion is heatwaves”

10 October 2018 (UN News) – Climate-related and geophysical disasters such as earthquakes and tsunamis have killed 1.3 million people over the last 20 years and left a further 4.4 billion injured, homeless or in need of emergency assistance, UN experts said on Wednesday.The findings [pdf], published by the UN Office for Disaster Risk Reduction […]

World Economic Outlook, October 2018

14 October 2018 (Desdemona Despair) – On Monday, the International Monetary Fund (IMF) released its semi-annual World Economic Outlook report for 2018. Twice a year, Des looks forward to browsing this hefty document for the latest financial and energy data, and this year’s report, Challenges to Steady Growth, has lots of good stuff. Here are […]

Could billionaires end society’s biggest challenges?

24 August 2018 (Self Lender) – Citizens around the globe are facing a myriad of complex challenges that feel almost impossible to solve. Problems like rising real estate costs, the extraordinarily high cost of healthcare, and rapidly increasing credit card debt feel inescapable due to both the critical thinking and the collective capital needed to […]

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