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There's A New Subprime Crisis, But It's Not What You Think

There's A New Subprime Crisis, But It's Not What You Think

Authored by Robert Colvile via CapX.co,

  • The struggles of Provident Financial have fuelled concerns about a new sub-prime crisis
  • Buyers of Provident's car loans are up to their eyeballs in debt
  • Regulation has discouraged big banks from offering affordable credit to the poor

A decade on from the financial crisis, the reports today about the sub-prime lender Provident Financial have given us a nasty case of déjà vu.

Here's How The Next Recession Begins

Here's How The Next Recession Begins

Authored by Simon Black via SovereignMan.com,

In 1886 there were only 38 states in the United States.

Electric power was still cutting edge technology that few people had ever seen.

The Statue of Liberty hadn’t even been dedicated yet.

But it was that year that a man named Richard Sears founded a small retail company in Minneapolis, Minnesota that would grow into a retail juggernaut.

Sears was truly the Amazon of its day.

Young Facebook Users "Less Engaged" As Demographic 'Time Bomb' Looms

Young Facebook Users "Less Engaged" As Demographic 'Time Bomb' Looms

While Mark Zuckerberg is busy espousing virtues on Universal Basic Incomes, the deep divide in America, free-speech 'control', and what being president means; his billion-dollar-baby social network may have a problem.

This year, the world’s largest social network will see a decline among teen users in the U.S., according to a forecast by EMarketer. It’s the first time the research company has predicted a fall in Facebook usage for any age group.

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