America In Danger – The Blog
Exposing the dangerous political corruption facing America today.

America In Danger – The Blog

In hard times, tent cities rise across the country

October 6th, 2008 . by admin

A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer.
Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.
Within weeks, more than 150 people …

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Economic chaos creates surge in homelessness – CNN.com

October 6th, 2008 . by admin

The number of homeless families in Massachusetts has surged — a spike that has overwhelmed the state’s shelter capacity and forced it to again place homeless families in motels. Driving the increase is the sour economy, rising energy costs, escalating unemployment and shortage of affordable housing. For the first time, the state is tracking how many families are winding up homeless due to foreclosures.

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Next Crisis: Fed May See Lending to Companies, States

October 6th, 2008 . by admin

Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month’s downfall of Wall Street titans: its spread to corporate America and state and local governments.

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U.S. bank failures almost certain to increase in next year

October 6th, 2008 . by admin

Here’s a safe bet for uncertain times: A lot of banks won’t survive the next year of upheaval despite the U.S. government’s $700 billion rescue plan to restore order to the financial industry.

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