Philadelphia Is Destroying Its Public Libraries

Some targeted library branches may be saved
Mayor Nutter said yesterday that five of the 11 library branches once scheduled to close permanently on Thursday are instead on track to be taken over by private foundations, wealthy individuals, companies, and community development corporations.
It was not immediately clear which branches have sponsors and the mayor did not [...]

Chronicles Of Depression 2.0: #482: Keiser

Max Keiser: Predicting the collapse of Iceland
Aljazeera re-aired Max’s 2007 prediction of a collapse of the Icelandic economy.
While the program aired in August 2007, it was filmed in April 2007.
Watch for the scene in the Blue Lagoon in which Max predicts a global Depression to be caused when all these debts driven by low interest [...]

Chronicles Of Depression 2.0: #481: Unrest

Russia, China warn of dire economic straits in 2009
Russia and China issued stark warnings on Wednesday about the impact of the crisis on their recently booming economies in 2009, with Moscow saying the downturn could spark unrest in the streets.
Emphasis added by me.
It won’t be the only country where that will happen.
More:
Commenting on the worsening [...]

Chronicles Of Depression 2.0: #480: FAIL!

Situation report: global economy, December 2008
What’s next?
Viewpoints about the crisis have coalesced into three camps.
1. The “normal global recession” camp. Just another cycle, US GDP down perhaps -3% peak to trough.
2. The “worst recession since the 1930’s” camp. A bad scene, but the world’s governments are now on the job. Fiscal and monetary [...]

Chronicles Of Depression 2.0: #479: Expats

End of the Eldorado dream: A plunging pound and property crash have left thousands of expat Britons on the breadline
This is the key paragraph:
What makes matters more worrying still is that for many there is no way out of this nightmare. The housing market has gone into freefall, with negative equity now widespread.
Properties are being [...]

Chronicles Of Depression 2.0: #478: I.D.

Premise: The rich will not be amenable to any solution that essentially reboots the entire worldwide economic system and leaves them holding a bag of shit. A bag of shit, mind you, that everybody else will also wind up holding.
Solving that is not easy …

… why don’t you try it?
Especially all you whiny crybabies [...]

Chronicles Of Depression 2.0: #477: Biden

Can Drudge get any more stupid than that Scrooge crack?
It links to a George Stephanopoulos blog to pimp Sunday’s This Week interview with Biden.
“The economy is in much worse shape than we thought it was in,” Biden told me during an exclusive interview — his first since becoming vice president-elect — to air this Sunday [...]

Chronicles Of Depression 2.0: #476: Rules?

Into the Economic Abyss
Many people — including yours truly — have looked to events of 80 years ago to try and figure out how things might play out in future. But maybe it isn’t necessary to go back that far. There have been other economic implosions in more recent times that might offer lessons that [...]

Chronicles Of Depression 2.0: #475: Know Future

Yeah, I steal from Max Headroom for that.
Incredibly, I missed this huge news. It came out Thanksgiving Day. I was off the PC that day and I think the next few days I was not in a Post More Doom Mood.
But this is serious. It’s from CitiGroup and it confirms what I’ve [...]

Chronicles Of Depression 2.0: #474: Cheer

Aw, in these dark times, I thought I’d post a happy, fun video that will make all of us get in the proper spirit of the times!
Watch it completely.
Enjoy.