Democracy’s Death Spiral

On Monday, Puerto Rico missed a payment on $422 million worth of bonds. If the United States doesn’t come to the rescue, this will be only the first of many defaults to come. In all, the island has $72 billion in debt and an additional $46 billion in unfunded pension liabilities – totaling more than the country’s annual GDP. As debt mounts, potential taxpayers are fleeing: 84,000 Puerto Ricans moved to the United States just last year alone.
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'This is the end': leftwing Pacifica Radio affiliates enter protracted death spiral

Feuding and ideological extremism have driven some of the US’s flagship leftwing radio stations to the brink of collapse, according to two veteran broadcasters.


Ian Masters and Sonali Kolhatkar, hosts of the Los Angeles-based KPFK, said its parent network Pacifica Radio, the country’s oldest public radio network, was putting pressure on staff to reduce their hours and pay, leave or work for free, alienating listeners and approaching a point of no return.


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Economic Death Spiral: More American Businesses Dying Than Starting

In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”

Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.

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