Word: rising
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Banking problems were at the front of the gauntlet of bad news. The rise in prime mortgage defaults dampened the hopes that the housing market was in the midst of a comeback and the first few companies that have announced earnings have done no better than their gloomy forecasts said that they would. Berkshire Hathaway (BRK) lost its Triple-A rating as GE (GE) did just a few weeks ago. The period of the Fort Knox balance sheet is over in America. As of the Berkshire news, all corporate debt officially carries risk...
Then again, he recently devoted a "War Room" episode to gaming out an American economic collapse in 2014 - the result of debt and high taxes - including the rise of "Mad Max" militias and civil unrest. Because if anything spells laff riot, it's the breakdown of lawful society! Whether Beck is stirring up frightening social currents or just playing in them, his material and its resonance are deadly serious...
...factors are fueling the rise. The first is political. It's no coincidence that a record number of background checks occurred in November, the month Barack Obama was elected President and the Democrats took control of Congress. People grew anxious that the Obama Administration would ban semiautomatic weapons, so they rushed to buy guns before legislation could be passed. In a December survey by the research firm Southwick Associates, nearly 80% of active hunters and target shooters said they believed firearm purchases would "become more difficult" under the new Administration and a Democratic Congress. "Everybody is waiting for when...
...Health experts say China needs to ramp up its efforts to target these groups and others more effectively. In February, the World Health Organization warned Beijing of a steep rise in HIV among gay men unless prevention programs targeting them were greatly improved. Zunyou Wu, director of the National Center for AIDS/STD Control and Prevention at the Chinese Center for Disease Control and Prevention, says new programs are being developed, but that the government still relies heavily on members of the gay community to educate themselves. Sex workers also lack access to programs and materials they need to keep themselves...
Former history professor Gingrich misstates some facts about the 20th century. The Great Depression did not give rise to Nazism or Japanese militarism. It was World War I and its aftermath that set the stage for both Mussolini's march on Rome and Hitler's attempted putsch in Munich. By the time of the Depression, in 1929, the fascists had been in power for years, and the Nazis had been growing in strength for most of the decade. Furthermore, Gingrich's description of the Smoot-Hawley Tariff seems to imply it was part of F.D.R.'s New Deal. Smoot...