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Life After the Oil Crash

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Breaking News: Wednesday July 22nd, 2009

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Today's financial collapse news:

GovExec: U.S. Postal Service May Begin Paying Employees with IOUs

St. Petersburg Times: Retail Collapse Will Dwarf the Housing Collapse

Washington Post: California Leading Way Deepening Fiscal Darkness

NY Times: California's Financial Crisis Will Impact All Levels of Society

Los Angeles Times: Bodies Going Unclaimed as Funeral Costs Soaring

Los Angeles Times: California's Biggest Pension Program in Freefall

Los Angeles Time: Over 250 California Hotels in Foreclosure or Default

CNN Money: Senior Citizens Find Dreams of Retirement Quickly Fading

NY Times Book Review: Financial Meltdown and the Race to Contain It

Most important articles from yesterday's update:

Columbia Journalism Review: Citizens to Rage against Goldman Sachs

UK Guardian: BOE Official Says Banking System like South Sea Bubble

New Geography: Public Debt Implosion the Next Huge Financial Crisis

CNN Money: Commerical Real Estate Time Bomb Nears Big Detonation

Preparation and Relocalization:

The Nation: Ten Things to Know Before You Go Living on the Streets

The Big Money: More and More Americans Going to Survival Schools

From the LATOC Archives:

UK Guardian: We're Making Our Kids Ill with Unrealistic Expectations

PhysOrg: Pirates Pursued Democracy, Assisted American Colonists

NY Times: Communal Style Living Making a Big Comeback in the U.S.

Best of luck,

Matt

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