Back on January 26, a 58-year-old former senior executive at German investment bank behemoth Deutsche Bank, William Broeksmit, was found dead after hanging himself at his London home, and with that, set off an unprecedented series of banker suicides throughout the year which included former Fed officials and numerous JPMorgan traders.
Following a brief late summer spell in which there was little if any news of bankers taking their lives, as reported previously, the banker suicides returned with a bang when none other than the hedge fund partner of infamous former IMF head Dominique Strauss-Khan, Thierry Leyne, a French-Israeli entrepreneur, was found dead after jumping off the 23rd floor of one of the Yoo towers, a prestigious residential complex in Tel Aviv. Continue reading »
With Russia and China having briefly taken over the hub of global executive suicides, the sad trend has returned back to America. In what appears to the 15th financial services executive suicide this year, yet another JPMorgan Director took his own life. As IBTimes reports, Jefferson Township (New Jersey) police report that the Global Network Operations Center Executive Director, “Julian Knott, age 45, shot his wife Alita Knott, age 47, multiple times and then took his own life with the same weapon.” They are survived by 3 teenage children…
The Great Recession is a story of numbers: rising unemployment rates, the widening gap between rich and poor, contracting GDP. But a new study has added a figure that underscores the human cost of the economic downturn: 10,000 suicides.
Researchers at the University of Oxford and the London School of Hygiene & Tropical Medicine have suggested that more than 10,000 suicides in Europe and North America can be linked to the severe economic downturn brought on by the 2008 financial crisis. Continue reading »
US special forces have been committing suicide at record levels for the last two years, the head of the US Special Operations Command (SOCom) admitted in a speech on Thursday. He blamed the high numbers on the length and difficulty of combat.
“There is a lot of angst. There’s a lot of pressure out there. My soldiers have been fighting now for 12, 13 years in hard combat. Hard combat,” Adm. William McRaven, the head of SOCom, said at a conference in Florida. “And anybody that has spent any time in this war has been changed by it. It’s that simple.”
Since the beginning of the wars in Afghanistan in 2001 and Iraq in 2003, military troops – including special forces units like Navy SEALs and Army Rangers – have endured multiple deployments. Military suicides increased across the board during that time, to the point that suicides (349) outpaced combat deaths (311) in 2012, according to a Guardian analysis in 2013.
On average, 22 veterans commit suicide each day, according to the Iraq and Afghanistan Veterans of America (IAVA).To commemorate them and raise awareness, 32 veterans from the group flew to Washington, D.C., to plant 1,892 flags on the National Mall today, one for each of the veterans that the group says took his or her own life in 2014. IAVA extrapolated that number from a 2012 Veterans Administration report finding that 22 veterans took their lives each day in 2009 and 2010, only a slight increase from years past, and a number that includes all veterans, not just those who served in America’s more recent wars in Iraq and Afghanistan.
Not a week seems to pass without some banker or trader committing suicide. Today we get news of the latest such tragic event with news that 28-year old Kenneth Bellando, a former JPMorgan banker, current employee of Levy Capital, and brother of a top chief investment officer of JPM, jumped to his death from his 6th floor East Side apartment on March 12.
Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations.
For a market that is flirting with all time highs on a daily basis, the recent banker and trader suicide epidemic seems oddly out of place. And yet, it continues to claim even more victims, with the latest casuality being Edmund Reilly, 47, a trader at Midtown’s Vertical Group, who as the Post reported, jumped in front of an LIRR train station yesterday at 6 am near the Syosset train station and was pronounced dead at the scene.
Moments ago a third JPMorgan banker committed suicide, this time at the JPMorgan Charter House Asia headquarters in central Hong Kong, where a 33 year old man who was said to have been an FX trader for JPM, just jumped to his death.
The number of male veterans under 30 ending their own lives jumps by 44 percent in two years
The number of male veterans under the age of 30 who commit suicide jumped by 44 percent between 2009 and 2011, the most recent year for which data was available, according to numbers released Thursday by the Department of Veterans Affairs. Roughly two young veterans a day commit suicide.
Suicide rates for female vets also increased by 11 percent between 2009 and 2011. The suicide rate among veterans remains well above that for the general population, with roughly 22 former servicemen and women committing suicide every day.
A recent VA study revealed that nearly one in five suicides nationally is a veteran even though veterans only make up 10% of the population but the reporting states only represented about 40% of the U.S. population ~and did not include the two largest states California and Texas as well as Illinois
Supposedly every day in the United States at least 22 veterans commit suicide but this stark figure is obviously a low ball number because three of the largest states did not make data available to the VA for this report, according toMori Basu of CNN.com.Excerpt: ” Luana Ritch, the veterans and military families coordinator in Nevada, helped publish an extensive report on that state’s veteran suicides. Part of the problem, she says, is that there is no uniform reporting system for deaths in America. It’s usually up to a funeral director or a coroner to enter veteran status and suicide on a death certificate. Veteran status is a single question on the death report, and there is no verification of it from the Defense Department or the VA.“Birth and death certificates are only as good as the information that is entered,” Ritch says. “There is underreporting. How much, I don’t know.”
At least 30% of all veterans have considered suicide ~ another low ball figurewhich would most certainly be supported by my own extensive heart centered work with combat veterans with PTSD whereas the vast majority have considered suicide particularly when racism issues were involved or psychotropic drugs. Remember, It is estimated that at least half of all Americans who commit suicide or commit violent acts were on psychiatric drugs and there are more than 3000 deaths a month attributed to psychiatric or psychotropic drugs. Read my report ~ Continue reading »
Nothing says recovery like citizens in debt setting themselves on fire due to economic hardship. In this tragic case, Antony Breeze self-immolated after being preyed upon by payday lending companies that began to harass his father. Similar stories are sure to reach U.S. shores before too long, particularly considering how TBTF domestic banks are partnered up with payday loan companies charging up to 500% interest.
Just your ordinary run of the mill Russian billionaire oligarch in exile who had so much money he was terminally depressed… or just the opposite, and the first tragic casualty of the Cyprus capital controls which are about to eviscerate a whole lot of Russian wealth (and ultraluxury Manhattan real estate prices)?
Exiled Russian tycoon Boris Berezovsky has died at the age 67, according to a Facebook post from his son-in-law Egor Schuppe. Details regarding the nature of his death are yet to be released.
His death has not been officially confirmed, and details have not been disclosed.
According to Schuppe, Berezovsky was recently depressed. He failed to keep in touch with friends and acquaintances, and often chose to stay at home rather than go out.
Damian Kudriavtsev, the former CEO of Kommersant Publishing House also commented on the businessman’s death saying he passed away at 11:00 GMT in London.
On his twitter account, Kudriavtsev said there were no signs of a violent death.
Aleksandr Dobrovinksy, a famous lawyer and head of Moscow-based The Alexander Dobrovinsky & Partners law firm has said that Berezovsky committed suicide.
“Just got a call from London. Boris [Abramovich] Berezovsky committed suicide. He was a difficult man. A move of disparity? Impossible to live poor? A strike of blows? I am afraid no one will get to know now,” the lawyer said on his social network page.
We are living in an age of upside-downs, where right is wrong, fiction is truth and war is peace. Those who fight the wars are subjected to their own house of mirrors via pharmaceutical “treatments.” Instead of providing U.S. soldiers and veterans with actual health care, the government throws pills at them and calls it “therapy.”
Stimulants, antidepressants, anti-psychotics, sedatives and pain meds are the new “fuel” for America’s front-line forces. While the idea of sending medicated soldiers into battle was unthinkable just three decades ago, today it’s the status quo. And the cost in human lives has never been more tragic. Continue reading »
A new official US study says that nearly 22 war veterans of the country commit suicide per day, an estimate that is almost 20 percent higher than the 2007 rate suggested by government’s Department of Veteran Affairs (VA).
The two-year study, performed by a VA researcher, further suggests that two-thirds of the veterans who kill themselves are 50 year old or older, indicating that the surge in the suicide rate among US veterans is not chiefly shaped by soldiers that recently fought in the US-led war in Iraq and Afghanistan, The Washington Post reports on Friday. Continue reading »
An American analyst says the US Central Intelligence Agency (CIA) is responsible for the recent murder of the American dissident blogger Aaron Swartz, Press TV reports.
“There is no coverage in the mainstream media at all and we have found no possible excuse to this death…. We believe rogue elements within the Central Intelligence Agency are responsible,” Gordon Duff said in an interview with Press TV on Saturday.
First it was a German, then an Italian, and now, two months, later, the European self-immolation wave has spread to the country that many expect will be the next one to follow Greece into effective debt default. El Pais reports that an impoverished 57-year-old man who set himself on fire in Málaga Thursday, and subsequently died of his injuries at Carlos Haya hospital. He had third-degree burns on 80 percent of his body and suffered a multi-organ failure. The victim, thought to be of Moroccan origin, had worked in construction for years but was out of a job now, said people who knew him. In the last few months he had been scraping a living with the small change he made guiding cars into parking spaces near the hospital, an illegal practice that is usually overlooked by authorities. The police, who have not yet located his relatives, are not ruling out the possibility of an accident just as the man was lighting up a cigarette. Just two minutes before the event, he bought a pack of cigarettes from a local newsstand whose owner asked him how he was doing. Continue reading »
WASHINGTON (CBS DC) – American soldier suicides continue to outnumber combat-related deaths in 2012, and the trajectory for soldier suicides continues to get worse.
Statistics released by the Department of the Army show that through November potentially 303 active-duty, Reserve and National Guard soldiers committed suicide. As of Dec. 7, Stars and Stripes reports that 212 soldiers have died in combat-related deaths in Afghanistan.
The Army set a grim new record of 177 potential active-duty cases with 2012 coming to a close on Tuesday – 64 of these cases remain under investigation, 113 have been confirmed.