Consumer Debt Canada: Bankruptcy Risk Greatest For 'Pre-Retirement' Group, Review Finds. “Pre-retirement” Canadians aged 50 to 59 are taking on an alarming amount of debt and are most at risk of bankruptcy, according to a new study that examined some 7,000 insolvency filings. Bankruptcy trustees Hoyes, Michalos & Associates reviewed filings from 2011 and 2012 and found the average bankrupt Canadian is a 43-year-old man with more than $61,000 in debt. That’s about three times the national average of about $18,000 of non-mortgage debt per Canadian. The average age of bankrupt Canadians shot up from 41 years in 2009, while the average amount owed rose two per cent in two years. And 57 per cent of Canadians who filed for insolvency were male. But the group with the highest debt levels were those aged 50 to 59, whose unsecured debts — including credit cards, personal loans and other forms not backed by assets — exceeded $84,000, the study found.
“The most at risk group are ‘pre-retirement’ debtors,” said Ted Michalos, a trustee with Hoyes, Michalos & Associates Inc. At Stake in U.S. Election: Erasing 20th Century Gains. Eight ways our neighbour is headed back to 'bad old days of 1890s' according to American labour prof. The Gilded Age of the late 19th and early 20th centuries spurred reforms against corporate power, union busting and vote buying. Over the past 40 years, corporations and politicians have rolled back many of the gains made in the United States by working and middle-class people over the previous century. We have the highest level of income inequality in 90 years, both private and public sector unions are under a concerted attack, and federal and state governments intend to cut deficits by slashing services to the poor.
We are recreating the Gilded Age, the period of the late 19th and early 20th centuries when corporations ruled this nation, buying politicians, using violence against unions, and engaging in open corruption. 1. In the early 21st century, the poorly regulated financial industry plunged the nation into the longest economic downturn since the Depression. 2. 3. 4. 5. 6. 7. 8. [1107.5728] The network of global corporate control [v2] Stefania Vitali, James B. Glattfelder, Stefano Battiston (Submitted on 28 Jul 2011 (v1), last revised 19 Sep 2011 (this version, v2)) Abstract: The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally.
We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. Submission historyFrom: James Glattfelder B [view email] [v1] Thu, 28 Jul 2011 14:57:51 GMT (1668kb)[v2] Mon, 19 Sep 2011 14:36:01 GMT (1413kb,D)Which authors of this paper are endorsers? Via arxiv.org Small tightly-knit core of financial institutions Critiques of this paper can be found here.
MASS ARRESTS SEAL WHISTLEBLOWER SPEAKS #OTB #TheWhiteHats. The Shock Doctrine. In THE SHOCK DOCTRINE, Naomi Klein explodes the myth that the global free market triumphed democratically. Exposing the thinking, the money trail and the puppet strings behind the world-changing crises and wars of the last four decades, The Shock Doctrine is the gripping story of how America’s “free market” policies have come to dominate the world-- through the exploitation of disaster-shocked people and countries. At the most chaotic juncture in Iraq’s civil war, a new law is unveiled that would allow Shell and BP to claim the country’s vast oil reserves…. Immediately following September 11, the Bush Administration quietly out-sources the running of the “War on Terror” to Halliburton and Blackwater…. After a tsunami wipes out the coasts of Southeast Asia, the pristine beaches are auctioned off to tourist resorts....
New Orleans’s residents, scattered from Hurricane Katrina, discover that their public housing, hospitals and schools will never be reopened…. International Editions.