The Worst Farming Crises In Modern History Is Upon Us, Avg Farm Is $1.3 Million In Debt
Bottled water distributions begin as lead water poisoning crisis erupts in Newark, New Jersey.
Just wait until they find out the bottled water is contaminated too. Also: (Dahboo77) – Beijing Denies Port Visits by US Warships, Images Show Military In Stadium Near Hong Kong
China has rejected the US Navy’s request for two of its ships to dock in Hong Kong as massive anti-government protests continue in the city. China has “denied requests for port visits to Hong Kong” by the USS Lake Erie guided-missile cruiser and the USS Green Bay amphibious transport dock, Commander Nate Christensen, the deputy spokesperson for the US Navy’s Pacific Fleet, said on Tuesday. Also: (Dahboo77) – Russia Admits Radiation Releasing ‘Mystery Blast’ Involved “Mini Nuclear Reactor”
Russia has belatedly admitted that the mystery explosion which released radiation into the air last Thursday, triggering warning alerts across towns near the northern port cities of Arkhangelsk and Severodvinsk, involved a “small-scale nuclear reactor”. Radiation levels had spiked to 20 times their normal levels after the incident at a military testing ground in Russia’s Arkhangelsk region, prompting an emergency response team to deploy in full nuclear radiation protective gear, as photos which came out in the aftermath appeared to show. Consistent with early speculation, western defense officials and analysts now believe it was a failed test of a Russian nuclear powered cruise missile. Also: (Dahboo77) – Economy Slows, US Credit Card Interest Rates Hit Highest Levels In 25 Years
The gap between what banks are being charged to borrow money, and what their charging consumers, is widening once again. According to the FT, US consumers are paying higher interest rates on credit-card balances than they have in 25 years. Also: (Dahboo77) – Farmageddon: Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge
Following years of depressed farm income and rising debt levels, a review of the Federal Deposit Insurance Corporation (FDIC) quarterly report by Tri-State Livestock News reveals that “delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high.” About 2.5% of commercial real estate loans in agriculture were 30 days past due in 1Q19, up from 2.1% in the prior quarter and above the historical average of 2.1%. 2.3% of non-real estate loans in agriculture held by commercial lenders were 30 days past due, up from 1.5% in the previous quarter and above the historical average of 1.7%. Delinquency rates for commercial lenders haven’t been this high since 2013.