Pension funds call for longer bailout as Bank of England is set to pull the plug on emergency £65 billion bond-buying scheme to tackle market chaos

by Boo_Randy How many of these pension funds are already insolvent? https://www.dailymail.co.uk/news/article-11313705/Pension-funds-call-longer-bailout-Bank-England-set-pull-plug-emergency-bond-buying.html Pension funds are bracing themselves for the Bank of England to pull the plug today on a £65billion bailout designed to protect them from bond market chaos. The Bank stepped …

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Why Some Cities May No Longer Be Viable

by Charles Hugh-Smith Any city whose lifeblood ultimately depends on hyper-globalization and hyper-financialization will no longer be viable. The human migration from the countryside to cities has been an enduring feature of civilization. Cities concentrate wealth, productivity and power, and so they’re magnets to talent …

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