DIR Return Create A Forum - Home
---------------------------------------------------------
True Left
HTML https://trueleft.createaforum.com
---------------------------------------------------------
*****************************************************
DIR Return to: News
*****************************************************
#Post#: 19502--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: May 12, 2023, 3:33 pm
---------------------------------------------------------
Congressional Budget Office warns of US debt default 'in first
two weeks of June'
--- Quote ---
> The agency said there's "significant risk" cash will run out
early next month.
--- End Quote ---
--- Quote ---
> The nonpartisan Congressional Budget Office on Friday added
more urgency to the fight over the debt limit, now saying there
is a "significant risk" the U.S. will default on its debt "at
some point in the first two weeks of June."
>
> In a new report, the agency said "the extent to which the
Treasury will be able to fund the government's ongoing
obligations will remain uncertain throughout May, even if the
Treasury ultimately runs out of funds in early June."
>
> This is an escalation from agency's previous assessment of how
soon the government won't be able to pay its bills. In a May 1
blog post, the CBO warned of a greater risk Treasury would run
out of funds in early June, while in February the CBO targeted
July as the month where the U.S. would no longer be able to meet
its obligations.
>
> Treasury Secretary Janet Yellen previously warned that a
default could happen as soon as June 1, though Yellen has
acknowledged there is considerable uncertainty around the exact
"x-date."
>
> The new CBO assessment underscores the tight timeline
lawmakers are facing to reach a deal to lift the debt ceiling,
or risk an unprecedented default that analysts have warned would
wreak havoc on the economy.
>
> President Joe Biden and congressional leaders ended this week
with no solution after meeting at the White House on Tuesday for
the first talks on the issue in months.
>
> Staff for the leaders have been meeting daily since then to
try to make progress, the White House said, while Biden and the
"Big Four" -- House Speaker Kevin McCarthy, Senate Majority
Leader Chuck Schumer, House Minority Leader Hakeem Jeffries and
Senate Minority Leader Mitch McConnell -- are expected to meet
again early next week.
>
> The U.S. hit the debt ceiling in mid-January, and has since
been using "extraordinary measures" to continue paying the
government's obligations.
>
> If the Treasury can continue financing the government through
June 15, the CBO said expected quarterly tax receipts and other
measures "will probably allow the government to continue
financing operations through at least the end of July."
>
> Yellen, appearing on ABC's "This Week" on Sunday, urged
Congress to find a solution before Treasury runs out of tools to
pay all its bills.
>
> "We have been using extraordinary measures for several months
now. And our ability to do that is running out," Yellen said.
"And we will start to run down our cash and our current
projection is that in early June a day will come when we’re
unable to pay our bills unless Congress raises the debt
ceiling."
--- End Quote ---
HTML https://abcnews.go.com/Politics/congressional-budget-office-warns-us-debt-default-weeks/story?id=99282851
--- Quote ---
> The $31 trillion gross federal debt equals debt held by the
public plus debt held by federal trust funds and other
government accounts. In very basic terms, this can be thought of
as debt that the government owes to others plus debt that it
owes to itself.
--- End Quote ---
HTML https://www.pgpf.org/national-debt-clock
Donald Trump Says Republicans Should Let the U.S. Default. What
Would Happen Next.
--- Quote ---
> [...]While former President Donald Trump this week said
Republicans should let the U.S. default if they don’t get the
spending cuts they want, markets are still largely shrugging off
this doomsday scenario.
>
> Perhaps that is because the repercussions would be so dire. In
other words, investors still appear to trust that even the most
obstinate politicians’ brinkmanship wouldn’t dare to fling the
economy over that brink. Then there’s the fact that familiarity
breeds complacency. Now that the U.S. has stared into the abyss
of default in the past, the Treasury Department’s “extraordinary
measures” to stave off disaster seem more commonplace.
>
> Economists are turning to past scenarios to game out how this
latest standoff could go.
>
> History shows that even if we do finally get an agreement
before the June 1 deadline, the showdown will have repercussions
and result in slower economic growth, Veneta Dimitrova, senior
U.S. economist at Ned Davis Research, wrote on Tuesday...
--- End Quote ---
Entire article:
HTML https://www.barrons.com/articles/donald-trump-us-debt-ceiling-default-economy-b56ce225
#Post#: 19546--------------------------------------------------
Re: Coronavirus
DIR By: 2ThaSun
Date: May 15, 2023, 3:39 pm
---------------------------------------------------------
U.S. Surgeon General Vivek Murthy on America’s Epidemic of
Loneliness | Amanpour and Company
--- Quote ---
> Even though the COVID-19 global health emergency is officially
over, the U.S. surgeon general Vivek Murthy is warning the U.S.
faces a loneliness epidemic in its wake. Vivek Murthy joins Hari
Sreenivasan to discuss his mission to foster a culture of human
connection.
>
> Originally aired on May 12, 2023
--- End Quote ---
HTML https://www.youtube.com/watch?v=34ousvcYGVI
--- Quote ---
> In our extroverted society...
--- End Quote ---
#Post#: 19548--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: May 15, 2023, 3:55 pm
---------------------------------------------------------
Surgeon General discusses health risks of loneliness and steps
to help connect with others
--- Quote ---
> The U.S. Surgeon General declared a new public health epidemic
in America, loneliness. A new report finds loneliness can have
profound effects on mental health as well as heart disease,
stroke and dementia. It tracks a decline in social connections
and links all this to billions of dollars in health care costs.
Surgeon General Dr. Vivek Murthy joined Amna Nawaz to discuss
the risks.
--- End Quote ---
HTML https://www.youtube.com/watch?v=vSbxMkRYb6o&t=14s
Toxic Masculinity In Boys Is Fueling An Epidemic Of Loneliness |
Think | NBC News
--- Quote ---
> Emotional isolation has calamitous health implications, and
it's becoming more prevalent in America. Why? One developmental
psychologist says America's toxic masculine culture kills young
boys' friendships right as boys are expected to "grow up" into
men, and those loss of friendships may echo throughout men's
lives.
--- End Quote ---
HTML https://www.youtube.com/watch?v=RbX76n6A160
Why the rate of single men in the US looking for dates has
declined
--- Quote ---
> CNN's Michael Smerconish highlights some troubling statistics
about young men in the United States and argues that they are in
crisis.
>
> #CNN #News
--- End Quote ---
HTML https://www.youtube.com/watch?v=vK4y6C1Uuhw
Millions of men in their prime working age are leaving the labor
force, creating a hole in the market
--- Quote ---
> Around seven million men in their prime working age neither
have jobs nor are looking for one, creating a huge hole in the
labor market and costing businesses in male-dominated fields
like manufacturing millions of dollars. Tony Dokoupil talks to
"Dirty Jobs" host Mike Rowe and the CEO of a manufacturing
company about the reasons behind this phenomenon.
--- End Quote ---
HTML https://www.youtube.com/watch?v=TDokADZfvwc
Scholar identifies alarming trends among US men
--- Quote ---
> Richard Reeves, author of the book "Of Boys and Men: Why the
Modern Male Is Struggling, Why It Matters, and What to Do about
It," discusses why men are more likely to commit suicide in the
US than women. #CNN #News
--- End Quote ---
HTML https://www.youtube.com/watch?v=P-5BzEU3o4s
#Post#: 19551--------------------------------------------------
Re: If Western civilization does not die soon.....
DIR By: 2ThaSun
Date: May 15, 2023, 4:06 pm
---------------------------------------------------------
"AI Girlfriend" At $1 Per Minute: Boon for Lonely People? |
Vantage with Palki Sharma
--- Quote ---
> "AI Girlfriend" At $1 Per Minute: Boon for Lonely People? |
Vantage with Palki Sharma
> As artificial intelligence snakes its way into our lives, it
is also disrupting romance. A Snapchat influencer has created an
AI chatbot to replicate her behaviour and act as a girlfriend
for the bot's users. She wants to cure loneliness with this bot.
But is AI the cure for loneliness or is it simply a quick fix?
>
> Artificial Intelligence | AI Girlfriend | Snapchat Influncer |
AI Chatbot | AI | Latest News | Trending News | Firstpost |
--- End Quote ---
HTML https://www.youtube.com/watch?v=BJBPMNiD06c
#Post#: 19734--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: May 21, 2023, 3:10 pm
---------------------------------------------------------
More Americans leaving the US amid cost of living, rising
political divisiveness
--- Quote ---
> Politics and cost of living are pushing Americans on both
sides of the aisle to pack their bags. International Living
reported a 1000% increase in web traffic after Roe Versus Wade
was overturned. Meanwhile, the 2016 election of Donald Trump,
George Floyd Protests and the COVID-19 Pandemic all
significantly drove up clicks for “Where Can I Live?” a
consulting business for people who need help with the logistics
of moving to another country.
--- End Quote ---
HTML https://www.youtube.com/watch?v=Mf8wyL8f49Q
‘Not making it’: Americans struggle with surging costs of living
--- Quote ---
> CNN’s Gabe Cohen reports how rising prices affects Americans’
ability to support their families. Cecilia Rouse, chair of the
Council of Economic Advisers, reacts to Cohen’s report and
answers questions from CNN’s Jake Tapper about what the Biden
Administration is doing to provide Americans relief. #CNN #News
--- End Quote ---
HTML https://www.youtube.com/watch?v=ObFzQ-FUC5g
#Post#: 19816--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: May 23, 2023, 6:39 pm
---------------------------------------------------------
How you can prepare for a debt default
--- Quote ---
> Treasury Secretary Janet Yellen reaffirmed June 1 as the hard
deadline to raise the debt ceiling on Monday, saying she expects
the United States will be unable to pay all of its bills in a
little over a week.
>
> If an agreement isn’t reached to prevent the United States
from defaulting on its debt, the country could descend into
economic disarray, affecting millions of Americans from
investors to Social Security beneficiaries.
>
> Nevertheless, consumers can take steps to safeguard their
finances from some of the effects of the crisis.
>
> There isn’t much precedent on what to do in case of a default,
since it’s never happened before. If the government doesn’t
raise the ceiling, the United States won’t automatically go into
default. The Treasury Department has enough to cover some
obligations, but it’s uncertain what protocol it would adopt to
handle payments.
>
> Here’s how you can prepare for a potential debt default...
--- End Quote ---
Entire article:
HTML https://www.cnn.com/2023/05/23/business/prepare-debt-default/index.html
How Wall Street is preparing for possible US debt default
--- Quote ---
> As talks over raising the U.S. government's $31.4 trillion
debt ceiling go down to the wire, Wall Street banks and asset
managers have been preparing for the fallout from a potential
default.
>
> The financial industry has prepared for such a crisis before,
most recently in September 2021. But this time, the relatively
short time frame for reaching a compromise has bankers on edge,
said one senior industry official...
--- End Quote ---
Entire article:
HTML https://www.reuters.com/markets/us/how-wall-street-is-preparing-possible-us-debt-default-2023-05-22/
The Potential Economic Impacts of Various Debt Ceiling Scenarios
--- Quote ---
> Summary
>
> New analyses by both the Congressional Budget Office and the
U.S. Department of the Treasury suggest the United States is
rapidly approaching the date at which the government can no
longer pay its bills, also known as the “X-date.” History is
clear that even getting close to a breach of the U.S. debt
ceiling could cause significant disruptions to financial markets
that would damage the economic conditions faced by households
and businesses. Real time data, shown below, indicate that
markets are already pricing in political brinkmanship related to
Federal government default through higher risk premia.
>
> An actual breach of the U.S. debt ceiling would likely cause
severe damage to the U.S. economy. Analysis by CEA and outside
researchers illustrates that if the U.S. government were to
default on its obligations—whether to creditors, contractors, or
citizens—the economy would quickly shift into reverse, with the
depth of the losses a function of how long the breach lasted. A
protracted default would likely lead to severe damage to the
economy, with job growth swinging from its current pace of
robust gains to losses numbering in the millions.
--- End Quote ---
Entire article:
HTML https://www.whitehouse.gov/cea/written-materials/2023/05/03/debt-ceiling-scenarios/
#Post#: 19990--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: May 29, 2023, 2:32 pm
---------------------------------------------------------
Rep. Josh Harder: ‘At some point, we are going to default if we
continue in this pattern’
--- Quote ---
> Representative Josh Harder (D-CA), former venture capitalist,
joins Chris Jansing to weigh in on the debt ceiling deal. “I
think one of the big challenges is not just the concessions that
the President gave up in this bill, it's legitimizing
negotiating on the debt ceiling as a tactic for the future, and
that's pretty scary. When you're playing Russian roulette,
sooner or later, you're gonna get unlucky, and that's exactly
what's happened here,” says Harder. “This implication for future
administrations is going to be very concerning because at some
point, we are going to default if we continue in this pattern.”
--- End Quote ---
HTML https://www.youtube.com/watch?v=i17KDzdbtUA
See also:
HTML https://trueleft.createaforum.com/issues/monetary-wealth/?message=19933
#Post#: 20041--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: June 1, 2023, 1:31 pm
---------------------------------------------------------
My news feed as of late often looks like senseless murder is
happening everywhere in the U.S. on an almost daily basis...
Nationwide shooting incidents escalate raising concerns across
U.S.
--- Quote ---
> A series of shootings left more than a dozen people dead
Memorial Day weekend. The incidents spanned from Pennsylvania to
New Mexico. NBC News’ Valerie Castro reports.
--- End Quote ---
HTML https://www.youtube.com/watch?v=UsW2saaXiCM
#Post#: 20058--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: June 2, 2023, 10:58 am
---------------------------------------------------------
Court grants Sackler family immunity in exchange for $6 billion
opioid settlement
--- Quote ---
> Members of the billionaire Sackler family will be protected
from current and future lawsuits over their role in their Purdue
Pharma’s opioid business, a New York court of appeals ruled
Tuesday.
>
> The ruling clears the way for a bankruptcy deal for Purdue
Pharma, which is owned by the family. In exchange for immunity,
the Sacklers will personally pay out billions of dollars to help
fight the ongoing opioid epidemic. Purdue Pharma declared
bankruptcy in 2019.
>
> The settlement between the Sacklers and eight states, as well
as the District of Columbia, was initially agreed upon in March.
>
> As part of the deal, the Sackler family will allow any
organization or institution in the United States to remove the
family name from physical buildings or programs and
scholarships, as long as the Sacklers are notified and public
statements announcing the name removal do not “disparage” the
family.
>
> The families of the late Mortimer and Raymond Sackler, the
brothers who owned and operated Purdue Pharma, said they were
satisfied with the court’s decision.
>
> “The Sackler families believe the long-awaited implementation
of this resolution is critical to providing substantial
resources for people and communities in need,” the families
said. “We are pleased with the Court’s decision to allow the
agreement to move forward and look forward to it taking effect
as soon as possible.”
>
> Purdue Pharma called Tuesday’s ruling a “victory.”...
--- End Quote ---
Entire article:
HTML https://www.cnn.com/2023/05/30/business/sackler-purdue-opioid-liability/index.html
Sacklers Can Be Shielded From Opioid Liability, Appeals Court
Rules
--- Quote ---
> The decision gives the Purdue Pharma owners long-sought
protection, but it is a major step toward releasing billions of
dollars from their fortune to states and communities to help
cope with the costs of addiction.
--- End Quote ---
HTML https://www.nytimes.com/2023/05/30/health/sacklers-purdue-liability-bankruptcy.html
Reminder:
Rudy Giuliani won deal for OxyContin maker to continue sales of
drug behind opioid deaths
--- Quote ---
> The US government secured a criminal conviction against Purdue
Pharma in the mid-2000s but failed to curb sales of the drug
after Giuliani reached a deal to avoid a bar on Purdue doing
business
--- End Quote ---
HTML https://www.theguardian.com/us-news/2018/may/22/rudy-giuliani-opioid-epidemic-oxycontin-purdue-pharma
HTML https://www.thenation.com/wp-content/uploads/2019/10/Trump-Guiliani-AP-img.jpg
#Post#: 20114--------------------------------------------------
Re: American Empire Collapse: It's About To Get Much Worse(?)
DIR By: 2ThaSun
Date: June 4, 2023, 1:07 pm
---------------------------------------------------------
Big name retail stores now targeted by gangs in organized hits:
Investigators | Nightline
--- Quote ---
> The son of a Home Depot worker who was fatally attacked during
a theft is pushing for a crackdown on organized retail crime.
--- End Quote ---
HTML https://www.youtube.com/watch?v=DZ5bmz-Hc0g
Comments:
--- Quote ---
> How ironic! All the robbery cases are either pending or facing
so little consequences while the innocent cashiers and sale
persons are fired right away. Such a total collapse of the
justice system.
--- End Quote ---
--- Quote ---
> Just act like you don't see nothing and get as far away from
the shoplifter as you can. Let him and all of your friends
steal from there. Home Depot can go out of business as far as I
can care.
--- End Quote ---
--- Quote ---
> That’s why we need to punish companies that ask employees to
protect their profits or face unemployment.
--- End Quote ---
Reminder:
Home Depot's 93-year-old cofounder who said 'nobody works'
anymore because of 'socialism' has donated $64 million to elect
Trump and the Republican party over the years
HTML https://www.businessinsider.com/home-depot-cofounder-nobody-works-donated-64-million-gop-trump-2022-12
The co-founder of Home Depot obviously prefers kleptocracy to
"socialism". I suspect unless of course it looks like Home Depot
will fail as a business, then he will go begging to the U.S.
government for a bail-out like so many of his other corporate
moron class...
Related:
Warning about surge in ‘organized retail crime’ l GMA
--- Quote ---
> Federal authorities are sounding the alarm over coordinated
robberies as retailers say this type of crime is reaching
unprecedented levels.
--- End Quote ---
HTML https://www.youtube.com/watch?v=LkHsdmWW8kk
*****************************************************
Page 17 of 24
DIR Previous Page
DIR Next Page