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Tag: The Great Depression

Toronto University students live in homeless shelters because they can't afford rent amid the housing bubble
33% of Toronto Homeless Shelter Residents are Students Who Can’t Afford Rent
A third of all residents in one Toronto-area homeless shelter are students who are unable to afford rent in the city’s massively inflated housing bubble, a staff member told the media. The shocking figure was...
There is now a ketchup crisis rooted in California's unprecedented drought, killing tomato crops.
Now There’s a Ketchup Crisis? Drought Demolishes California Tomato Crop
Drought is ravaging mankind’s 2022 harvests, with everything from rice fields in global export leader India to potatoes in American production cornerstone Idaho being severely impacted. But now, some areas of California are experiencing escalating...
40 Percent of Americans say they have no money to save even if they wanted to amid inflation.
Thanks, Inflation. 40 Percent of Americans Have No Money to Save, Even if They Want to
Although Federal Reserve Chairman Jerome Powell told reporters on July 27 after the Federal Open Market Committee delivered a second 75 basis interest rate hike in as many months, the largest since 1994, “I do...
Canada is facing a historic housing market correction that will eclipse 2008 and 2009, says Canada's largest bank.
‘Historic’ Housing Market Correction en Route, Says Canada’s Largest Bank
An analyst for Canada’s largest bank has warned that a “historic correction” to the housing market not seen in 40 years is imminent, just days after the Bank of Canada deployed an outsized 100 basis...
A "Doomsday" disruption to natural gas by Russia's Gazprom Nord Stream 1 pipeline is closer to happening as a key turbine is still trapped in Canada.
Russia’s Gazprom Warns July 22 European ‘Doomsday’ Is on Track
Russia’s state owned natural gas distributor Gazprom warned on July 13 that finagling by the government of Canada has made the prospect of what some analysts have called a “doomsday scenario” lying ahead for Europe...