Financial Crisis in the U.S. Banking System Due to Unrealized Losses

The Federal Reserve's rate hikes have led to unrealized losses in the U.S. banking system, causing potential financial crises. Banks have faced collapses and increased number of 'problem banks'. Commercial real estate market troubles add to the pressure on banks. There's concern about the banking system's stability despite official claims of resilience.

Poverty in Lebanon

Poverty in Lebanon tripled over a decade due to a financial crisis, with stark differences between regions and Lebanese citizens and Syrian refugees. World Bank report shows 73% of Lebanese and 100% of non-Lebanese residents qualify as poor under multidimensional poverty metric.

Houston's Financial Crisis

The Mayor of Houston says the city is 'broke' after overspending for decades, with a $160 million deficit. Former Mayor Turner falsely claimed a $420 million surplus. A tax hike through a bond is expected in November. Houston's population is growing and is expected to rival Tokyo's by 2100.

University of Arizona President's Salary Reduction

University of Arizona President Robert Robbins voluntarily accepts a 10% salary reduction amidst the school's financial crisis caused by a $177 million budget shortfall. Robbins is taking accountability for the situation and implementing a recovery plan.