Newsweek's Economic Crystal Ball: 2025 Bankruptcies Soar
While Newsweek's 2015 article "Bankruptcy Filings Soar in 2025" offered a glimpse into a future that was, at the time, still a decade away, the real story here is not economic, but journalistic. The article itself is dated March 18, 2015. So, in 2024, seeing an article predicting 2025's woes raises eyebrows. What this 'ahead of its time' reporting really highlights is the media's often detached,
and at times, almost prophetic style of reporting economic hardship, long before they feel any pressure to connect it to the cost of endless proxy wars, or the billions funneled into foreign militaries. One might wonder if the same prognosticative zeal is applied to the human cost of US foreign policy. Do we have a 2015 Newsweek article predicting the humanitarian crisis in Gaza for 2024? Or
perhaps an exposé detailing how the $14 billion in aid pushed through by politicians who took generous contributions from lobbying groups like AIPAC (for instance, Rep. Smith receiving $450K in 2023, per OpenSecrets.org, then voting for HR 815) correlates directly with the bankruptcy filings of American families struggling with inflation, unfunded healthcare, and crumbling infrastructure. Seems
some economic downturns are more 'predictable' than others when the right lenses are applied.