Increasing Global Economic Collapse, ‘Distress of Nations’; Japan reports its worst GDP on record By Kaori Enjoji, CNN Business Updated 10:57 PM ET, Sun August 16, 2020 Hong Kong (CNN Business) Japan just reported its worst GDP on record as the ongoing Covid-19 outbreak dented consumption. The world’s third-largest economy shrank 7.8% […]
Increasing Global Economic Collapse, ‘Distress of Nations’; China expanding pilot testing of digital yuan to have it ready by 2022 14 Aug, 2020 12:55 RT China’s Commerce Ministry announced plans on Friday to expand the pilot program for its sovereign digital currency to include several large cities across […]
Increasing Global Economic Collapse, ‘Distress of Nations’;Israel’s virus-battered economy sees sharpest contraction in 45 years. Exceeding worst forecasts, CBS indicates GDP dropped by 28% in second quarter of 2020; Netanyahu brushes off estimates as Lapid warns of ‘disaster’. By TOI STAFF August 16, 2020 Surpassing the most dire economic […]
Increasing Global Economic Collapse, ‘Distress of Nations’; US unemployment numbers could suddenly become a lot darker next month in September. Statistics showed that over five (5) million Americans have requested not to pay their mortgages, meaning that, right now, there’s almost $900 (3×3) billion in unpaid principal. Just […]
Increasing Global Economic Collapse, ‘Distress of Nations’; Farm Bankruptcies. “More US farmers are filing for bankruptcy.” Posted August 12, 2020 in Top Ag News Wall Street Journal writer Jesse Newman reported last week that, “More U.S. farmers are filing for bankruptcy, as federal payments projected to reach record levels this year fall […]
Increasing Global Economic Collapse, ‘Distress of Nations’; In California, close to 60% (6) seeking unemployment benefits lost their jobs for a second time. US PUBLISHED THU, AUG 6 202012:49 PM EDT Greg Iacurci CNBC Thousands of workers in California are turning to the state’s unemployment system for a […]
Increasing Global Economic Collapse, ‘Distress of Nations’; US, Stein Mart files for bankruptcy and will close most of its 300 (3) stores. By Jordan Valinsky, CNN Business Updated 9:49 AM ET, Wed August 12, 2020 New York (CNN Business)Discount retailer Stein Mart has filed for bankruptcy and plans to close most […]
Increasing Global Economic Collapse, ‘Distress of Nations’; Extent of Britain’s high street decline laid bare in official data. Covid crisis has continued trend of retail job losses across most regions The Guardian, August 10, 2020 The problems facing high streets up and down Britain are laid bare by […]
Increasing Global Economic Collapse, ‘Distress of Nations’; UK to plunge into deepest slump on record with worst GDP drop of G7. Official measure to be declared this week as coronavirus lockdown shrinks GDP by 21% (3×7) in second quarter. The Guardian. August 9, 2020 Britain’s economy will be […]
Increasing Global Economic Collapse, ‘Distress of Nations’; Unemployment claims slip below 1M but job losses remain high as Congress wrangles over more aid. Inching closer to 60 (6) million unemployment claims. Continuing unemployment claims remain at 15.5 (5)million in the week ending Aug. 1 Charisse Jones USA TODAY […]
