THE CITY OF DETROIT HAS FILED FOR BANKRUPTCY!!
THE LARGEST CITY IN THE USA TO FILE FOR BANKRUPTCY....18 BILLIONS DOLLARS IN DEBT.
IT IS NOT THE FIRST CITY OR TOWN IN THE USA TO FILE FOR BANKRUPTCY IN THE LAST FEW YEARS, BUT IT IS THE LARGEST.
AT ONE TIME DETROIT HAD A POPULATION OF 1.8 MILLION. TODAY IT IS 700 THOUSAND. CALGARY, ALBERTA, WHERE I AM HAS A POPULATION OF 1.1 MILLION.
IT IS NOT THE HUGE AMOUNT OF MONEY DETROIT DOES NOT HAVE TO PAY ITS DEBTS [THOUGH MANY COMPANIES WILL SUFFER] BUT IT IS THE PICTURES OF CLOSED HOMES AND BUSINESSES THAT IS TRULY SHOCKING TO SEE. MANY PARTS OF DETROIT LOOK LIKE GHOST TOWNS, AND SO MUCH JUST FALLING DOWN IN RUIN.
USA CITIES/TOWNS OWN 3.7 TRILLION DOLLARS.
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IN SOUTH AFRICA THE FAMOUS FIRST BLACK PRESIDENT MANDELA CELEBRATED HIS 95TH BIRTHDAY, TO THE JOY OF ALL IN SOUTH AFRICA, AND OTHERS AROUND THE WORLD.
MANDELA WAS INDEED A REMARKABLE MAN. NEARLY 30 YEARS IN PRISON FOR HIS STAND ON THE RACE ISSUE; THEN RELEASED AND BECOMING THE FIRST BLACK PRIME MINISTER OR PRESIDENT OF HIS COUNTRY.
ANYONE SEEING THE 2009 MOVIE "INVICTUS" STARING MATT DAMON AND MORGAN FREEMAN, WILL NOTICE HOW FORGIVING AND WISE WAS NELSON MANDELA, TOWARDS THE WHITES. IT IS A GREAT MOVIE ABOUT SOUTH AFRICA'S RUGY TEAM, AND THE RACE ISSUE.
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THE BIG 20 MEET IN MOSCOW AND ONE THING ON THEIR TABLE WILL BE THE LOOP HOLE OF HUGE COMPANIES TO BE FINDING TAX HAVENS IN COUNTRIES OUTSIDE THE USA. EXAMPLE: APPLE MADE ABOUT 39 BILLION DOLLARS LAST YEAR OUTSIDE OF THE USA, BUT PAID ONLY 1.9 IN TAXES.
WILL BE INTERESTING TO SEE IF THEY CAN PLUG THE ESCAPE HOLES IN TAXES FOR THESE MASSIVE COMPANIES LIKE APPLE, GOOGLE, AND OTHERS.
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THE HEAT WAVE IN LARGE PARTS OF THE USA AND SOUTHER ONTARIO OF CANADA, IS ALSO IN BRITAIN....WITH 35 C OR 95 F TEMPERATURES, AND WILL CONTINUE. NOW THAT IS INDEED HOT FOR BRITAIN, BUT AGAIN EXPERTS HAVE SAID FOR YEARS NOW THAT BRITAIN IS WARMING UP, TO EVEN GROW VINE YARDS AND PRODUCE WINE, IN SOME PARTS.
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SPAIN AND GREECE CONTINUE TO HAVE MASSIVE PROTESTS OVER AUSTERITY CUTS, THEY MUST DO TO RECEIVE BAIL-OUT MONEY FROM THE EUROPEAN UNION. EUROPE IS INDEED MADE UP OF IRON AND CLAY COUNTRIES.
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