US Bankruptcies Busting
The Coming Crisis of Cities: Reinvention or Bankruptcy
by Charles Hugh Smithof two minds.com The human population has become increasingly urbanized for compelling reasons that have been in play since cities were founded thousands of years ago. In a nutshell, cities offer greater economic / social opportunities and more novelty, variety and excitement. Cities became possible when agricultural surpluses enabled labor to become specialized. This…
Read MoreUS Bankruptcies Busting Out to Match 2009 Peak Mean Trouble for Stock Market
The following article by David Haggith was published on The Great Recession Blog: Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week. That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in…
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