Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-65376 Thu, 04 Jun 2020 19:22:56 GMT Plummeting New York Real Estate Values Cause Escape From New York iehi-feed-65374 Wed, 03 Jun 2020 20:59:55 GMT Trump's Invocation of Occupy Wall Street In Call To Governors Misses ALL The Points In the call with Governors, Trump invoked the Occupy Wall Street movement... This is the mind of the President of the free world. Protesters attempting to realign their corrupted democracy while braving snow and ice living in tents on the sidewalks of lower Manhattan (following the greatest bank looting in U.S. history by Wall Street executives) have committed the ultimate crime of getting free pizza delivery.

As most Americans now realize, the President regularly relies on "alternative facts" to make his arguments. Wall Street On Parade covered the Occupy Wall Street protests. Wall Street was not "closed up" and there was no "total domination" of Wall Street. The stock exchange traded every single business day. Wall Street banks went merrily about their business of ripping off two-thirds of average folks 401(k) plans. Local residents came and went on the sidewalks, often delivering home-made meals to the protesters.

The protesters were not "there forever." The occupation of Zuccotti Park by Occupy Wall Street lasted from September 17, 2011 to November 15, 2011. Two months of peaceful protest. The brutal military-style raid and destruction of the protesters' camp left a lasting stain on the reputation of New York City and Mayor Michael Bloomberg.

iehi-feed-65373 Mon, 01 Jun 2020 14:05:58 GMT New York Courts Re-Open This Week For In-Person Hearings iehi-feed-65372 Sun, 31 May 2020 17:56:08 GMT 5 Reasons Why Facebook Marketing Is A Waste Of Time And Money iehi-feed-65371 Sun, 31 May 2020 04:14:25 GMT America Is a Tinderbox So many things make America combustible right now: mass unemployment, a pandemic that's laid bare murderous health and economic inequalities, teenagers with little to do, police violence, right-wingers itching for a second civil war and a president eager to pour gasoline on every fire. "I think we're indeed in a moment where things are going to get a lot more tense before they get more peaceful," said the University of Michigan historian Heather Ann Thompson, who won the Pulitzer Prize for her 2016 book "Blood in the Water: The Attica Prison Uprising of 1971 and Its Legacy."


These demonstrations were sparked by specific instances of police violence, but they also take place in a context of widespread health and economic devastation that's been disproportionately borne by people of color, especially those who are poor. "Sociologists have studied collective behavior, urban unrest for decades, and I think it's safe to say that the consensus view is that it's never just about a precipitating incident that resulted in the unrest," Darnell Hunt, dean of social sciences at U.C.L.A., told me. "It's always a collection of factors that make the situation ripe for collective behavior, unrest and mobilization."

iehi-feed-65370 Fri, 29 May 2020 17:22:18 GMT Mortgage Forbearance Alert: 4.2 Million Mortgages In Forbearance iehi-feed-65369 Tue, 26 May 2020 16:43:03 GMT Florida Landlords Are Already Lining Up To Evict People iehi-feed-65368 Mon, 25 May 2020 16:37:15 GMT South Florida Home Sales Plummet In April As Recession Goes Into High Gear iehi-feed-65367 Fri, 22 May 2020 14:11:19 GMT Mall Of America On The Verge Of Foreclosure iehi-feed-65366 Thu, 21 May 2020 16:51:42 GMT Landlord Warning! Don't Be A Victim Of Rental Application Fraud! iehi-feed-65364 Tue, 19 May 2020 14:34:09 GMT Mortgage Servicer SLS Goes All Lord Humungus On MFI-Miami iehi-feed-65362 Sun, 17 May 2020 17:51:51 GMT Rethinking Cities, Offices, WeWork, and More, After COVID-19 I don't think many smart and creative people will leave NYC becuase of Covid-19. I think Covid-19 made many smart and creative people realize that NYC is just not worth it.

Something in the cost-benefit analysis no longer makes sense. And not only because many people can work remotely. But also because the city itself no longer maintains its own side of the bargain.

Crime is going up. Public transport is deteriorating. Housing costs are skyrocketing due to lack of new supply, especially around existing public transport stations. The streets are less pleasant and less safe to walk in -- notwithstanding a few cool experiments that are pedestrian-friendly. And that's before Covid-19.

I am using NYC as an example but the same is true for many other cities in developed countries.

What I am trying ot say is: Cities can still be great and attractive, especially for smart and creative people who can live anywhere they like. But they have to step up their game. Saying that they're too old, or too big, or need more money is a poor excuse. If Tokyo can be clean, be safe, walkable, have reasonably-priced housing, and have incredible public transport -- so can New York. More on this, soon.

iehi-feed-65361 Sun, 17 May 2020 17:13:08 GMT 'They are angry': Pandemic and economic collapse slam Trump across Rust Belt iehi-feed-65360 Sun, 17 May 2020 16:59:53 GMT Restaurant COVID-19 Surcharge: Are Owners Trying To Cash In? iehi-feed-65359 Fri, 15 May 2020 19:05:22 GMT Manhattan Faces a Reckoning if Working From Home Becomes the Norm ... now, as the pandemic eases its grip, companies are considering not just how to safely bring back employees, but whether all of them need to come back at all. They were forced by the crisis to figure out how to function productively with workers operating from home -- and realized unexpectedly that it was not all bad.

If that's the case, they are now wondering whether it's worth continuing to spend as much money on Manhattan's exorbitant commercial rents. They are also mindful that public health considerations might make the packed workplaces of the recent past less viable.

iehi-feed-65358 Thu, 14 May 2020 18:34:43 GMT Countrywide's America's Wholesale Lender Creating Title Issues Decades Later iehi-feed-65357 Wed, 13 May 2020 17:19:15 GMT COVID-19 Mortgage Forbearance Alert: Mortgage Servicers Busted Again! iehi-feed-65356 Wed, 13 May 2020 16:36:57 GMT Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown iehi-feed-65354 Mon, 11 May 2020 17:38:40 GMT Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt With thousands of businesses preparing to ask for their eight-week loans to be forgiven, banks and borrowers are just now beginning to realize how complicated the program may turn out to be. Along with lawmakers, they are pushing the Treasury Department, which is overseeing the loan fund, to make forgiveness requirements easier to meet.


"Virtually every small business borrower believes that this will be forgiven," said Paul Merski, a lobbyist for the Independent Community Bankers of America. "They took it out assuming that it would be a grant but it's not -- you have to abide by very complex rules and regulations on how this is spent."

One of the biggest stumbling blocks is a requirement that businesses allocate 75 percent of the loan money to cover payroll costs, with only 25 percent allowed for rent, utilities and other overhead. That has become more difficult as the economic crisis from the virus drags on and as some businesses face a prolonged period of depressed sales, even once they reopen.

Some businesses are facing smaller payroll expenses because workers have opted to accept more generous unemployment insurance benefits, while only a handful of states have so far allowed businesses to reopen.

iehi-feed-65353 Mon, 11 May 2020 15:15:19 GMT Long Island Strip Club Owner Sues NYS And SBA Over Covid-19 Restrictions