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Despite constant assurances from officials that the economy is going just great, signs of trouble abound. To take a random sampling: it was just estimated that some 160,000 people are about to be evicted from their apartments in New York; defaults on junk bonds—which provide critical financing for many companies—are surging above 2021 and 2022 levels in response to rising interest rates; New York, San Francisco, Chicago, and other business centers are facing a likely collapse of the commercial real estate market, imperiling mortgage-holding regional banks while destroying local economies dependent on downtowns filled with office workers, many of whom are now working from home or recently fired; arcane indicators like the market for RVs, sensitive to downturns as an expensive discretionary purchase, are falling as before earlier recessions; while unemployment is rising significantly in over a dozen states. And that’s just the United States. ....
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We have is that there was a catholic priest who stopped by to tell reporters that there s going to be a funeral mass at st. mary s depaul church down here near the navy yards to sort of allow family members and victims to potentially grieve. kasie, maybe you can help me with this and i know different work places have different work times for most staff. but 8:20 a.m. on a monday morning is pretty much the height of activity when people are arriving to work. have you heard any differently about what the flow of traffic is for employees who would be on site, be at their desks, be in place for a shooter walking in? reporter: sure. one woman we spoke to was in the cafeteria, she was just used the atm on the campus at the navy yard. do remember this is a military installation. they tend to get started a couple hours earlier than a lot of us do. so we have talked to a lot of people who say that their ....