Collapse

The US Has Lost More Than 110,000 Restaurants, Setting Stage For Commercial Real Estate Collapse Of Epic Proportions

Authored by Michael Snyder via TheMostImportantNews.com, The restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen before.  If you ask Google how many restaurants there are in the United States, it will tell you that there are 660,755, although that number is a…

The U.S. Has Lost More Than 110,000 Restaurants, Setting The Stage For A Commercial Real Estate Collapse Of Epic Proportions

By Michael Snyder The restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen before.  If you ask Google how many restaurants there are in the United States, it will tell you that there are 660,755, although that number is a few years old. …

Tokyo Health-Care System Risks COVID-Induced Collapse; Germany Sees Record Deaths: Live Updates

Summary: COVID data delays still plaguing some US states Texas reports new daily record cases Hospitalizations still at record highs 20+ cases of UK COVID mutant discovered in India Tokyo Gov warns about possible health-care system collapse Germany reports record daily deaths China says Sinopharm vaccine 80% effective Portugal reports most new cases in 3…

Movie Theaters Are On The Brink Of A Complete And Total Collapse

By Tyler Durden The hits just keep on coming for movie theaters. With their businesses already thrashed by Covid, theaters are now having to deal with the threat of movies going “straight to streaming” and bypassing the box office altogether. Disney, for example, said that its Disney+ service would have 100 new titles per year…

Lessons Learned: One Man's Personal Story From The Collapse Of The Soviet Union

Authored by Simon Black via SovereignMan.com, [Editor’s note: Marat K, one of our team members who grew up during the collapse of the Soviet Union, tells the story of his own experiences during that period.] When I was a kid growing up in the Soviet Union, it was essentially forbidden to make a better life…

PNC Buys BBVA’s US Arm For $11.6BN In 2nd-Biggest Banking Deal Since Collapse Of Lehman

With the Fed expected to continue suppressing lending margins for the foreseeable future, the slow creep of consolidation in the banking industry continued Monday morning when Pittsburgh-based PNC Financial announced that it had agreed to buy the US business of Spanish banking giant BBVA for $11.6 billion. According to Reuters, the deal is the second-biggest…

Killing Capitalism: Technocrats Spark Worst Economic Collapse In 150 Years

The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday. The world economy is expected to contract by 5.2 percent this year — the worst recession in 80 years — but the sheer number of…