Society's Child
The stock market crash of 1929 happened in the fall. "Black Monday" happened on October 19th, 1987. The financial crisis of 2008 started in the fall. There just seems to be something about the fall that brings out the worst in the financial markets. But of course there is not a stock market crash every year. So are there specific reasons why we should be extremely concerned about what is coming this year? Yes, there are.
The ingredients for a "perfect storm" are slowly coming together, and in the months ahead we could very well see the next wave of the economic collapse strike. Sadly, we have never even come close to recovering from the last recession, and this next crisis might end up being even more painful than the last one.
The following are 17 reasons to be extremely concerned about the second half of 2012....
As part of the country's "Reconstruction", The Clinton-Bush Haiti Fund recently invested $2 million in the Royal Oasis Hotel, a deluxe structure to be built in a poverty-stricken metropolitan area "filled with displaced-persons camps housing hundreds of thousands". Royal Oasis belongs to a Haitian investment group (SCIOP SA) and will be managed by the Spanish chain Occidental Hotels & Resorts.
AP reported in April that funds raised by the former US Presidents to help the neediest Haitians are now being used to build a hotel for "rich foreigners" including tourists as well many foreign NGO "aid workers" currently in Haiti. (Daniel Trenton, AP: New hotels arise amid ruins in Haitian capital, Clinton Bush Haiti Fund, April 29, 2012)

Jerry Sandusky. CNN said it had seen emails in which Spanier discusses with two other officials a 2001 incident of alleged abuse.
A former president of Penn State University failed to report allegations of child sex abuse against Jerry Sandusky despite knowing inaction could leave the college "vulnerable", according to emails seen by several news organisations.
Sandusky, a former assistant football coach at Penn State, is currently awaiting sentencing after being found guilty of 45 counts of sexually assaulting underage boys over a 15-year period.
But with Sandusky now behind bars - potentially for the rest of his life - attention is turning to whether there was a cover-up at the university, one that may have allowed Sandusky to carry on with his abuse for many years. Two of Sandusky's former colleagues, athletic director Tim Curley and finance official Gary Schultz, have already been charged with perjury and failing to alert authorities to one act of sexual abuse.
No company would be allowed to pour such dangerous chemicals into the rivers or onto the soil. But until recently, scientists and environmental officials have assumed that deep layers of rock beneath the earth would safely entomb the waste for millennia.
There are growing signs they were mistaken.
Records from disparate corners of the United States show that wells drilled to bury this waste deep beneath the ground have repeatedly leaked, sending dangerous chemicals and waste gurgling to the surface or, on occasion, seeping into shallow aquifers that store a significant portion of the nation's drinking water.
If you recall, this is the same area of the state where officials allowed a serial child molester like Jerry Sandusky, former Penn State assistant football coach, to go free for decades and continue to abuse children unfortunate enough to come across his lecherous path while a mother who gives birth in a government hospital has her baby taken away for questioning whether vaccination with Hep B is truly necessary.
Does something seem very very wrong with this picture?
Paramedics said the man had been left in a critical condition after the "frenzied" assault, in which he suffered serious wounds and multiple bites.
Colleagues at the Jane Goodall Institute Chimp Eden near the city of Nelspruit in eastern South Africa said last night that they were "very upset" by the attack, the first in their six years of operation.
The centre was set up to rehabilitate chimpanzees rescued from circuses, zoos and the bushmeat trade across Africa.
It is presently home to 33 chimpanzees who are kept in large enclosures where they can be visited by tourists who pay £10 to join one of three daily tours.
Holmes, 33, filed for divorce in New York yesterday citing "irreconcilable differences", announcing the split via a statement to People magazine.
Cruise, 49, said he was "deeply saddened" by the news. The couple have a six-year-old daughter, Suri.
Holmes is asking for sole legal custody of Suri, according to the US website TMZ, setting up the couple for a high profile legal battle if Cruise chooses to contest her claim.
The pair signed a prenuptial agreement before their wedding in November 2006, which guarantees Holmes a yearly sum. However, legal experts said the actor could be prepared to give up a larger slice of his £160 million fortune in return for Miss Holmes remaining silent about the details of their marriage.
Such a deal would echo that of Tiger Woods and Elin Nordegren in 2010. While they had a prenuptial agreement giving Miss Nordegren an annual sum, Woods is believed to have given her a settlement of close to £100 million in order to avoid an "ugly" public dispute.
This was reported by the TV station NOS. Marcel Theunis, a specialist in the field, said that initially mainly small businesses and start-ups went bankrupt.
Nowadays, many more businesses which have been around for a number of years are collapsing.
Source (in Dutch)

Graham Power: 'I was suspended by the very government whose institutions were being investigated. You cannot get much more conflicted than that."
But after eight successful years on Jersey, Power found himself suddenly suspended in what one local politician supporter believes was a "coup d'etat engineered by a small group of powerful people who denied him natural justice".
The initial suspension, which related to Power's management and supervision of a child abuse inquiry centred around Haut de la Garenne, a children's home on the island, continues to be a hugely controversial topic in Jersey. It's an episode which Jersey's critics see as a prime example of the way the island's elite treats those who dare to challenge their authority.
Nine months before Power's suspension on 12 November 2008, the historic child abuse investigation made headlines around the globe after Power's deputy, Lenny Harper, told the world's media he thought his team had found human remains buried under Haut de la Garenne. He told hordes of journalists that suspicious forensic material discovered during excavation tallied with accounts given by various abuse victims of hearing children dragged from their beds at night who were then never seen again. .










