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Extended Stay America has become the latest casualty of the economic crisis. The operator of low to mid priced hotels filed for Chapter 11 bankruptcy protection as consumers cut back on travel leisure spending.
According to the bankruptcy filing, Extended Stay America has $7 billion in assets with $7.6 billion in debt. The company owns 680 [...]

Zbigniew Brzezinski, a former national security advisor, has warned that the US could witness riots if economy continues its downward spiral.
“There’s going to be growing conflict between the classes and if people are unemployed and really hurting, hell, there could be even riots!” said Brzezinski, President Jimmy Carter’s national security advisor, in a recent interview [...]

In his long awaited annual letter to shareholders, Warren Buffet reflected on the economic crisis, the coming inflationary pressures,  and his own personal mistakes. “During 2008 I did some dumb things in investments. I made at least one major mistake of commission and several lesser ones that also hurt,” he explains.
Speaking of the government response [...]

In our forecast for 2009, we warned of the coming riots, protests and overall civil unrest. As the economic crisis deepens, workers from across the globe have taken to the streets in protest of government handouts  for financial institutions, privatization, and job loss.
US officials have recently expressed their concern that demonstrations may spread to the [...]

“Respected economist John Williams, editor of ShadowStats.com, a popular website that tracks real inflation figures, is advising that people hoard physical gold as well as food items in bulk so that they have some means with which to barter as the economic crisis turns ugly.” (Sources: PrisonPlanet.com WhatReallyHappened.com )