PREDATORY LENDING - THEY KNOW THEY'LL GET AWAY WITH IT - The Car Market Collapse Is Going To Unleash The Most Devastating Financial Crisis

 

LOS ANGELES HOUSING NIGHTMARE BEGINS! EVICTION BAN FINALLY ENDS, ECONOMIC SHOCK, STREETS OF DANGER

https://www.youtube.com/watch?v=7-pqCvwtkDg

"Bootstrapped": Alissa Quart on Liberating Ourselves from the Myth of the American Dream

https://www.youtube.com/watch?v=01BgQn9x1pM

The Car Market Collapse Is Going To Unleash The Most Devastating Financial Crisis 

https://www.youtube.com/watch?v=vsVa54IhjDI

New signs of stress in the ballooning trillion-dollar U.S. auto market are pointing to an impending collapse as storm clouds continue to gather in the economic and financial landscape. Serious delinquencies in auto loans — defined as behind on payments by 90 days or more — jumped the most since the 2008-09 Global Financial Crisis, putting the entire automobile financing market at risk of facing a massive default wave in the coming months. Experts are raising big alarms about the current condition of the car loan sector. They say that millions of American motorists will have their vehicles taken away in the months ahead, and warn about a brewing financial crisis that could reach unprecedented proportions and completely crush the U.S. economy. Newly “delinquent”, or overdue, U.S. auto loans reached $23 billion and new “seriously delinquent” loans exceeded $8 billion; both are absolute levels not seen since the depths of the global financial crisis, the report shows. Right now, more and more buyers are having difficulty keeping up with auto payments, and a record 7 million Americans are at risk of losing their vehicles for being 90 days or more behind on their loans.  In March, official agencies alerted about the strongest expectation of debt delinquency for people under 40 since the spring of 2020, when 14 million people lost their jobs during the first pandemic shutdowns. That has raised fears of a massive default wave this year because Americans are loaded up on auto loans like never before. At the end of 2022, the total value outstanding nationwide was $1.55 trillion, more than double the amount 10 years ago. Put another way, auto loan debt totaled $4,800 for every person in the country. Every year, about 80 percent of defaults end in repossessions. But the truth is that the entire market is set up for failure. Some financial analysts even claim that many lenders are ignoring typical reg flags associated with loan applicants who are already struggling to pay their previous auto loan properly. That is the argument Andrew Schmidt of the University of California, Berkeley, School of Law makes in a recent article.  He says state officials, lawmakers, and regulators aren’t doing anything to intervene in the car credit market to curb lenders’ ability to issue subprime loans. Frequently, lenders price cars as high as twice the Kelley Blue Book value, a practice that allows them to “profit from the down payment and origination fees alone.” The subprime loans they issue also carry exorbitant interest rates—sometimes exceeding 30 percent. While lenders profit from defaults, some borrowers spend decades paying off a car they only drove for a few months. To recoup loan balances, lenders engage in aggressive collections tactics such as lawsuits and wage garnishment. Some subprime lenders have attorneys on staff to keep up with the rapid rates of default. But the heightened potential for mass debt default of subprime auto loans can send shockwaves through the financial system just like mortgages did in 2008, and Schmidt worries that this can have “disastrous consequences” for the economy. That’s why the auto market crash is likely to hit the poorest households hardest. “Without meaningful intervention, the subprime auto loan bubble is primed to burst,” Schmidt warns. Just like the other financial meltdowns that were fueled by reckless lending and speculation, this crisis will reach proportions most people don't even imagine. The dominoes are already falling in the financial world, and the automobile market may be the next shoe to drop

15 Things That Are Becoming Less Affordable For Middle Class

https://www.youtube.com/watch?v=bMWDRn4lCO8

The cost of living in the United States has skyrocketed over the past few decades, putting a strain on the wallets of many Americans. Middle-class Americans, in particular, have been hard hit by stagnant wages, rising everyday expenses, as well as soaring health care and education costs. Many services that used to be a part of middle-class life are no longer affordable for our population, and many things that used to make our life easier and more enjoyable are now out of our reach. For example, middle-class Americans would occasionally hire babysitters or housekeepers. In that way, they could enjoy their family time without being overwhelmed by household chores. But over the years, these services became way too expensive for this group, and that can be mainly attributed to stagnant wages. According to data from Care.com, the average cost of hiring a full-time nanny in the United States in 2022 was $16.50 per hour, and the average cost of hiring a full-time housekeeper was $18.50 per hour. At the same time, the median hourly wage of a middle-income worker is $23. In some states, that sum can go up $28.42, but still, with rising costs for housing, energy, food, gas, and pretty much everything we consume on a daily basis, they don't have much money left after paying their bills every month so that they can spend on the little things that make their lives a little bit easier. Do you remember when our parents and grandparents would give us a few dollars to do the lawn? Those times don't come back. In the 2000s, middle-class families would spend about $20 on gardening and lawn care services. In 2023, however, homeowners are paying around $150 per visit. This cost typically includes mowing, edging, and trimming, as well as debris removal and basic fertilization and weed control. Additional services, such as aeration, seeding, and pest control, cost some extra. Almost a century ago, having a garden was something that saved our ancestors during the Great Depression, but that has become a luxury for the vast majority of us, not only because of the price to maintain it but also because of our lack of time to take care of it. Eating healthy and consuming organic foods can be extremely beneficial for our bodies given that these products contain higher levels of nutrients and antioxidants, which can help boost the immune system and reduce the risk of chronic diseases such as cancer and heart disease. However, organic produce tends to be more expensive than conventionally grown produce, with some studies suggesting that organic produce can cost up to 50% more. Simultaneously, over 47% of middle-class Americans say they are struggling to keep up with rising prices of conventional foods, according to Pew Research Center data. So purchasing pesticide and chemicals-free foods is getting harder and harder for our average workers. Life for middle-class Americans is turning increasingly gray as we lose access to the things that enable us to live fully and comfortably. Our burdens are getting bigger and our quality of life is getting lower. That’s what a broken society looks like. We are the ones who make this country run, and we surely deserve to be treated better. In today's video, we compiled products and services that have gotten way too expensive over time.

TIME TO STOP KISSING THE SAUDI DICTATORS' ASSES? - Another Biden Diplomatic Failure: Saudis to Host Palestinian Terror Group Hamas

 

Another Biden Diplomatic Failure: Saudis to Host Palestinian Terror Group Hamas

20

AP Photo/Evan Vucci

JOEL B. POLLAK

16 Apr 202333

3:30

President Joe Biden continues to boast, without evidence, that he has strengthened relations with U.S. allies, but Saudi Arabia has different ideas, planning a meeting with the Palestinian terror group Hamas on Sunday.

The Times of Israel reported:

A senior delegation representing Palestinian terror group Hamas was set to visit Saudi Arabia on Sunday, according to multiple Arabic media reports, representing a major development as Israel’s hopes of forging official ties with Riyadh appear to dwindle further.

For many years, Saudi Arabia’s relationship with Hamas has been cold and tense, and the kingdom even arrested many people with ties to the jihadist group, which rules the Gaza Strip and openly seeks Israel’s destruction.

But following its landmark rapprochement with Iran, Riyadh appeared set to host a high-level delegation including Hamas politburo chief Ismail Haniyeh, his deputy Saleh al-Arouri, and the head of the group abroad, Khaled Mashaal, according to various Palestinian and Arabic-language media outlets, including Jordan’s Al Ghad and the London-based Al-Araby Al-Jadeed.

Hamas, an Islamist organization, is committed to Israel’s destruction. It carries out terror attacks against Israel, including suicide bombings and rocket attacks. It rules fellow Palestinians in the Gaza Strip with an iron fist.

The Saudis, among other Arab states, backed away from Hamas in recent years. Moreover, when President Donald Trump was in office. Saudi Arabia tacitly backed the Abraham Accords between Arab states and Israel.

But President Biden began downgrading relations with Saudi Arabia as soon as he took office, and the Saudis recently restored relations with the Iranian regime — under Chinese auspices. Iran backs Hamas openly.

The regional peace process that Trump began has been on hold since Biden took over. Biden also restored funding to the Palestinians — circumventing a U.S. law that prevents taxpayer funding of the Palestinian Authority while it continues to reward terrorism — and was promptly rewarded with a Hamas war against Israel in the spring of 2021. The Saudi-Iranian rapprochement is only the most recent example of a regression.

Biden visited Saudi Arabia last year to ask for increased oil production. But the Saudis rebuffed him — and also rejected the idea that allowing Israeli civilian airlines overflights was a step toward closer ties with Israel.

The Biden administration has attempted to isolate the Israeli government over a domestic political fight about judicial reforms, abandoning another ally in the face of rising threats from Iran, Hamas, and other enemies.

Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of Breitbart News Sunday on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET (4 p.m. to 7 p.m. PT). He is the author of the new biography, Rhoda: ‘Comrade Kadalie, You Are Out of Order’. He is also the author of the recent e-book, Neither Free nor Fair: The 2020 U.S. Presidential Election. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter at @joelpollak.

NAFTA JOE BIDEN'S ORCHESTRATED INVASION OF AMERICA - Migrant Surge Returns to West Texas Border Sector — 10K Apprehensions Last Week

 

Migrant Surge Returns to West Texas Border Sector — 10K Apprehensions Last Week

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U.S. Border Patrol/El Paso Sector

BOB PRICE

16 Apr 202314

3:17

El Paso Sector Border Patrol agents apprehended more than 10,000 migrants who crossed the border between ports of entry during the past week. The spike follows a short downturn in migrant crossings as border officials prepare for the end of Title 42.

El Paso Sector Chief Patrol Agent Anthony “Scott” Good tweeted a weekly recap revealing his agents apprehended an average of 1,470 migrants per day during the past week. This shows that agents apprehended approximately 10,290 during the one-week period.

The report marks a resurgence of large migrant group crossings following a short downturn following December’s peak of 55,770 migrant apprehensions in December. That number fell to 30,035 in January when President Joe Biden announced new migrant protocols that allowed certain nationalities of migrants to be returned to their home country under Title 42.

In February, that number began to rise again with the apprehension of 32,233 migrants, according to official U.S. Customs and Border Protection reports. An unofficial Border Patrol report reviewed by Breitbart Texas earlier this month revealed that migrant apprehensions jumped again to approximately 38,000. CBP officials have not yet released the official March reports.

If the average reported this week by Chief Good holds through the month, the El Paso Sector could see upward of 44,000 migrant apprehensions for April.

The Title 42 coronavirus protection protocol established by the Centers for Disease Control and Prevention in 2020 is scheduled to come to a close on May 11, Breitbart News reported.

In March 2022, Breitbart Texas’ Randy Clark first reported a Department of Homeland Security report estimating the end of Title 42 could bring as many as 18,000 migrants per day to cross the southwest border.

Bob Price serves as associate editor and senior news contributor for the Breitbart Texas-Border team. He is an original member of the Breitbart Texas team. Price is a regular panelist on Fox 26 Houston’s What’s Your Point? Sunday-morning talk show. Follow him on Twitter @BobPriceBBTX.

Every year in America, some 500 whites are murdered by black assailants, more than twice as many as blacks killed by whites.  The media need to report all of these cases fairly and without bias so as to counter the false reporting and misplaced emphasis in the national press.  All victims, of whatever race, deserve justice because all human life is precious.  The reporting of violence should not be based on race — it should be proportionate to the crime, without regard to the race of the perpetrator or the victim.  Jeffrey Folks 

 

VIDEO: Suspected Serial Attacker in Custody After Laundromat Beating

https://www.breitbart.com/crime/2023/03/25/video-suspected-serial-attacker-custody-after-laundromat-beating/

 

Lawyer for Nurse Charged After Father Caught Her Slamming His Newborn Face First Into NICU Crib Says She Shouldn’t be In Trouble Because the Baby Was ‘Not Injured’

1.1k

Nicole Duncan-Smith

Fri, April 14, 2023 at 8:11 AM PDT

A registered neonatal nurse in New York State has been fired and now is facing charges after being recorded slamming a newborn baby face-down in a hospital-issued bassinet.

The father of the child witnessed the assault as it happened and shared the video with the Long Island hospital officials immediately.

Fidel Sinclair is the father of a newborn abused at Good Samaritan University Hospital. (Photos: Screenshots from NBC New York YouTube channel)

The Suffolk County District Attorney Raymond Tierney released a statement confirming the nurse, Amanda Burke, had not only been terminated from the Good Samaritan Hospital but is also now charged with endangering the welfare of a child, a Class A misdemeanor, for her outlandish conduct on Feb. 6, 2023.

Tierney called the allegations against the 29-year-old Holbrook medical professional “truly disturbing” and noted that members of the Suffolk County Police Department’s Special Victims Unit carefully investigated the incident for two months before taking appropriate action to arrest the woman.

On Wednesday, April 12, Burke surrendered herself to the Suffolk County Police Department.

At the time of the incident, Burke was serving in the hospital’s neonatal intensive care unit (NICU) and was assigned to care for the 2-day-old child at the center of the case. The child was kept in the NICU for observation because his doctors were administering antibiotics to him.

The child’s father Fidel Sinclair was watching over his young son Nikko through a window and witnessed Burke approach the newborn, who was lying face-up and apparently crying in a bassinet. The former nurse then picked the baby up, flipped him over, and “violently slammed him” front-facing down in the bassinet.

“I don’t know, it just broke me. I didn’t know what to do,” Sinclair told local station NBC 4.

The father quickly went to share the cellphone video with his baby’s mother, Consuelo Saravia. The mother, still recovering from giving birth, confronted the nurse.

After exchanging words with Burke, the parents contacted officials at the hospital and shared what she did, and within an hour she was ordered to exit the premises and was informed she was no longer employed by the West Islip hospital.

Luckily, Nikko is doing well and is currently at home with his parents and thriving. The family says they wanted to make sure other children were not harmed at her hands.

Burke has secured attorney Robert C. Gottlieb to represent her as she faces these charges.

“This case should never have resulted in criminal charges,” the lawyer said in a statement. “Amanda is an outstanding, exemplary, compassionate nurse who did not and would never do anything to endanger any infant or patient under her care.”

“The baby involved was not injured or ever placed in any danger of injury,” Gottlieb continued. “The District Attorney’s statements are off base and not justified by all the facts that will come out in court.”

The lawyer also stated the DA “grossly distorted the facts.”

CBS News 2 reported despite being terminated, as of Thursday, April 13, Burke’s license as a registered nurse remains active.

Burke is scheduled to be arraigned on the charges on Tuesday, May 2, 2023.

Crime Killed a Quarter of a Million Black People.

And the racist pro-crime Left wants more.

April 14, 2023 by Daniel Greenfield 20 Comments

Over the last decade, BLM, and assorted leftist and libertarian groups dismantled our criminal justice system. Police forces were defunded, pro-crime prosecutors refused to lock up criminals, federal and state prison systems released tens of thousands of them, and a wave of legislative decriminalization legalized everything from shoplifting, to drug dealing and mugging.

The pro-crime policymaking that eliminated public safety and cost over 3,000 lives in 2020 alone was done under the guise of fighting racism. Statistics which showed that black people were more likely to be arrested, imprisoned or shot during criminal encounters with police were used to spread conspiracy theories falsely accusing the criminal justice system of systemic racism.

What all of these racist conspiracy theories popularized by politicians, the media, and the entertainment industry ignored was that black people were also far more likely to be crime victims. Even as the BLM riots got underway, black people in surveys were strongly opposed to police defunding. The opposition was so vehement that Democrats not only abandoned the issue, but claimed that they had always been opposed to it and ran against their own position.

Despite years of false claims portraying black people as victims of a biased criminal justice system whose police forces are descended from “slave catchers” who repress minorities at the behest of white suburbanites, surveys of black people continue to tell a very different story.

A Pew survey found that while only 33% of white Democrats wanted to reduce crime, 63% of Hispanics and 66% of black people thought that fighting crime should be a priority.

And that’s nothing new.

Leftists and libertarians lied that the War on Drugs was racist when it was actually pushed by black groups, including the NAACP, which demanded the death penalty for drug dealers.

That same Pew survey showed that while only 38% of white Dems answered that reducing the availability of illegal drugs should be a priority, 57% of Hispanics and 60% of black people believed that it should be.

Now a Kaiser Family Foundation survey shows that black people are far more likely to suffer from crime than white people. The survey, meant to generate support for unconstitutional gun ban measures, instead unintentionally demonstrated that crime hurts black people more.

The KFF survey noted that “three in ten black adults (31%) have personally witnessed someone being shot”, “one-third of black adults (34%) have a family member who was killed by a gun” and (32%) say that they worry all the time about themselves or a family member being shot.

One in six of black adults say they don’t feel “safe at all” from gun violence in their neighborhood, compared to 2% of white adults. 1 in 4 also bought a gun to protect themselves.

Gun violence is just another way of saying crime.

Black people are disproportionately affected by crime. Pro-crime policies led to the deaths of an additional 2,244 black people in 2020. According to a Johns Hopkins report, “in 2020, one out of every 1,000 young black males (15–34) was shot and killed” and, “more than half of all black teens (15–19) who died in 2020—a staggering 52%—were killed by gun violence.”

CDC numbers showed that homicide is a leading cause of death among black men under the age of 20, and from the ages of 20 to 44. White men are killed by guns at the rate of 3.15 per 100,000 while black men die at the rate of 48.16 per 100,000. Pro-crime policies increase crime and kill thousands of black people. That’s what a real disproportionate impact looks like.

Every time pro-crime politicians free criminals, pro-crime prosecutors refuse to prosecute violent offenders, and legislatures eliminate bail, the impact is felt most strongly in the black community.

Law enforcement isn’t racist, but getting rid of it is. When a community depends more on a particular service, losing it has a clear disproportionate impact. Keeping the peace, arresting offenders and dispensing justice is one of the few primal duties of government. The breach in the social contract when the government fails to provide peacekeeping services is devastating.

Most crimes are committed by repeat offenders. The only way to interrupt the cycle of violence is to lock them up. Successful tough on crime policies in the 90s made cities safe once again and led to an economic boom in inner cities. Manhattan’s Harlem went from a danger zone to hosting Bill Clinton’s office, but in 2022, crime increased 44%. The Clinton offices have mostly moved down to the Wall Street area, but where they remain in Central Harlem, crime is up 32%. Next door in West Harlem, it’s up 133%. That means Bill is less likely to tour the Apollo Theater, but it also means that the mostly black residents are the ones feeling the worst of it.

Pro-crime activists have spent years regaling us with the suffering of convicts while caring very little about the shattered lives they have left in their wake. Foundations, protest groups, activist organizations and even PACs have spent hundreds of millions lobbying for criminals, fighting for their release and remaking our system to favor perpetrators, not victims. Their political success has come with a very high cost. And much of that burden has fallen on black people.

It is hard to think of any single policy in the last generation that has done more harm to black people or claimed more lives than the pro-crime agenda. Pro-crime activists have falsely claimed that police shootings of black men are a form of genocide. They’re not. Crime is.

One study counted 286,075 firearm deaths among black people from 1990 to 2021. That’s over a quarter of a million deaths. Some of them are due to suicide, but suicides are much lower among black people than white people, and the majority of black gun deaths were homicides.

And seeing a quarter of a million deaths, the pro-crime Left wants even more bodies.

Those quarter of a million deaths have been largely self-inflicted, but, much as with the welfare state, they were aided and abetted by white liberal policymakers who had come to believe that what the black community really needed was for the government to enable its criminals.

Racist liberal condescension continues to destroy black communities, families and lives.

2020 demonstrated that tough on crime policies can save thousands of black lives and, over time, perhaps even hundreds of thousands of black lives. Pro-crime policies are a racist disaster which reduced black people to criminals and then set out to free criminals to help black people.

That’s why 1 out of  every 1,000 young black men are dead.

Pro-crime policies are racist. They enable a crime epidemic that has killed more black people than the total number of battlefield casualties for all races in the Civil War. More black people died in the year of Black Lives Matter than our entire death toll in the Iraq War.

Can it get worse than this? In 1991, 12,226 black people were murdered. For the first time, more black people were killed than white people. The numbers are trending that way once again. While the Left claims that highways and dress codes are systemically racist, their pro-crime policies are a racist program that promises liberation but offers only mass death.

Daniel Greenfield

Daniel Greenfield, a Shillman Journalism Fellow at the David Horowitz Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.

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