Billionaires Selling: Could This Signal a New Crisis?

Buffett, Gates, and Bezos are quietly dumping stocks-and moving billions elsewhere. Former White House advisor Jim Rickards says it's tied to Trump's boldest economic move yet. He just revealed where the smart money is going-and how you can follow before it's too late.

In Spain, a homelessness crisis unfolds in Madrid's airport

SUMAN NAISHADHAM
May 17, 2025

MADRID (AP) -- Every morning at 6 a.m., Teresa sets out in search of work, a shower and a bit of exercise before she returns home. For around six months, that has been Terminal 4 of Madrid's international airport.

Teresa, 54, who didn't want her full name to be used because of safety concerns, is one of the estimated hundreds of homeless people sleeping in the Spanish capital's airport amid a growing housing crisis in Spain, where rental costs have risen especially fast in cities like Madrid, the country's capital, and Barcelona.

She and others sleeping at Adolfo Suárez Madrid-Barajas Airport -- the third-busiest airport in Europe in 2023, according to Eurostat -- described a situation where for months, authorities have neither helped them find other living arrangements nor have they kicked them out from the corners of the airport that they have occupied with sleeping bags unfurled on the floor as well as blankets, shopping carts and bags.

Soon, things could change.

Limits on entry

Spain's airport operator AENA this week said that it would start limiting who can enter Madrid's airport during low-travel hours by asking visitors to show their boarding passes. AENA said that the policy would take effect in the next few days, but didn't specify exactly when. It said that exceptions would be made for airport workers and anyone accompanying a traveler.

Teresa, a Spanish-Ecuadorian who said she has lived in Spain for a quarter-century, told The Associated Press on Thursday that she hadn't heard of the new policy. She and her husband would be forced to sleep outside on park benches and other public spaces if they aren't allowed back in.

"We can't make demands. We're squatters," Teresa said, using a controversial term common in Spain. "Squatters in what is private property. We are aware of that. We want help from authorities, but not a single one has come here."

Political blame game

For months, a political blame game between officials at different levels of government has meant that the homeless encampments in the airport have largely gone unaddressed. In recent weeks, videos on social media and news reports of the airport's homeless population put a spotlight on the issue.

Madrid's city council on Thursday said that it had asked Spain's national government to take charge and come up with a plan to rehabilitate every homeless individual sleeping in the airport. Spanish airports are overseen by AENA, a state-owned publicly listed company. A city council spokesperson said that Madrid's city government had recently called for a meeting with officials from AENA, the regional government of Madrid and several national ministries that declined.

"Without them, there is no possible solution," said Lucía Martín, a spokesperson for Madrid's city council division of social policies, family and equality. She said that the national ministries of transport, interior, inclusion, social rights and health declined to participate in a working group.

A day earlier, AENA accused Madrid's city authorities of providing inadequate help and said that the city government's statements about the unfolding situation confirmed its "dereliction of duty" and abandonment of the airport's homeless individuals.

"It's like a dog chasing its tail," said Marta Cecilia Cárdenas of the long list of authorities she was told could help her. Cárdenas, a 58-year-old homeless woman originally from Colombia, said that she had spent several months sleeping in Madrid's airport.

Exact numbers are unknown

It's not known how many people are sleeping in Madrid's airport, through which 66 million travelers transited last year. Spain's El País newspaper reported that a recent count taken by a charity group identified roughly 400 homeless people in the airport, many of whom, like Teresa, had previously lived in Madrid and were employed in some capacity.

AP wasn't able to confirm that number. Madrid city council officials, meanwhile, said that the Spanish capital's social service teams had helped 94 individuals in April with ties to the city, 12 of whom were rehabilitated into municipal shelters, addiction treatment centers or independent living.

Word of mouth

Teresa said she had heard about sleeping in the airport by word of mouth. Before she lost her job, she said she lived in an apartment in Madrid's Leganés neighborhood, earning a living taking care of older people.

She currently earns 400 euros ($450) per month, working under the table caring for an older woman. With the earnings, Teresa said she maintains a storage unit in the neighborhood that she used to live in. Though the work is sporadic, she said it was still enough to also cover fees for the gym in which she showers daily, pay for transportation, and purchase food.

Over the last decade, the average rent in Spain has almost doubled, according to real estate website Idealista, with steeper increases in Madrid and Barcelona. Spain also has a smaller public housing stock than many other European Union countries.

Hope for the future

Teresa said that she hopes to find a job soon and leave the airport, whatever authorities may force her to do in the coming days and weeks. She and her husband keep to themselves, avoiding others sleeping in the brightly-lit hallway dotted with sleeping bags who were battling mental health problems, addiction and other issues, she said.

"You end up adjusting to it a bit, accepting it even, but never getting used to it," Teresa said over the constant din of airline announcements. "I hope to God that it gets better, because this is not life."

Continue Reading...

Popular

Talks aimed at ending New Jersey Transit rail strike to resume Saturday, railroad CEO says

NEWARK, N.J. (AP) — Talks aimed at settling a strike between train engineers and New Jersey's huge commuter railroad will pick up on Saturday and continue Sunday, New Jersey Transit CEO Kris Kolluri said.

UnitedHealth Investors Claim Company Hid Profit Impact Of CEO's Murder

Shareholders of UnitedHealth filed a class-action lawsuit on Wednesday accusing the company of misleading investors by concealing the negative business impacts that followed the December 2024 killing of UnitedHealthcare CEO Brian Thompson.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Disney parks thrive in second quarter and it adds well over 1 million streaming subscribers

Disney’s posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service.

Tips for handling your finances in a time of economic uncertainty

NEW YORK (AP) — Financial markets are volatile. confidence is at its lowest level in five years. say recession risks are rising.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Slovakia's leader rejects an EU plan to halt Russian natural gas imports by the end of 2027

BRATISLAVA, Slovakia (AP) — Slovakia’s populist leader on Wednesday blasted to halt imports of Russian natural gas by the end of 2027 to deprive President Vladimir Putin of revenue that helps fuel .

Federal Reserve likely to defy Trump, keep rates unchanged this week

WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of and demands from President Donald Trump that the Fed reduce borrowing costs.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Play your cardinals right: Betting on next pope gains popularity ahead of the conclave

ROME (AP) — Next week’s to to as leader of the world’s 1.4 billion Catholics is a solemn affair steeped in .

Schlumberger's Margin Resilience: Analyst Highlights Digital & Production Strength Despite Price Cut

Stifel analyst lowers Schlumberger price forecast to $54, maintains Buy rating. Q1 revenue and EPS missed estimates, but strong FCF and ChampionX acquisition may benefit stock.

Did Trump Just Publicly Back Favorite AI Energy Stock?? - Ad

It's wildly profitable - Over $3 billion in operating income. It has a partnership with the hottest AI stock on Wall Street. And Trump has publicly backed it?

What's Going On With Verizon (VZ) Stock During Monday's Session?

Verizon shares are trading marginally higher during Monday's session, following Friday's drop. The stock dropped last week in reaction to rival T-Mobile US earnings.

Buffett Dismisses Rumors Of Stockpiling Cash For Successor Greg Abel: 'I Wouldn't Do Anything Nearly So Noble Just So Greg Could Look Good'

Berkshire Hathaway chief Warren Buffett, has put to rest rumors that he is accumulating a substantial cash reserve for his successor, Greg Abel.Berkshire Hathaway Inc. (NYSE:BRK.A) chief Warren Buffett, has put to rest rumors that he is accumulating a substantial cash reserve for his success

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Hims & Hers Stock Soars 32% Since Tuesday On Strong Q1 Earnings And Robust Outlook

Hims & Hers Health shares have surged 32.4% since Tuesday's session open. The stock is gaining following a standout first-quarter earnings report released late Monday.

California high-speed rail leader pushes state to support private investment

SACRAMENTO, Calif. (AP) — A long-delayed project promising nonstop rail service between San Francisco and Los Angeles in under three hours may be able to secure the private funding it desperately needs if California agrees to pay the investors back, its chief executive told The Associated Press.

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

WASHINGTON (AP) — , preparing to step back from his work leading the , had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

Cheap parcels from China will no longer be duty-free. Here's what it means for buyers and sellers

NEW YORK (AP) — Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China Friday.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Key things to know about the upcoming summer movie season

already has a lot on his shoulders. It seems unfair to add the fate of the to his list. But he's not alone — Marvel Studios is also returning to theaters in a big way with two this summer, “Thunderbolts” and “The Fantastic Four: First Steps.”

Tens of thousands of Los Angeles County workers begin 2-day strike

LOS ANGELES (AP) — More than 50,000 Los Angeles county workers began a two-day strike Monday evening, closing libraries and disrupting administrative operations across the nation's most populous county.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Lower Demand In China Disrupts Philips Q1 Sales, Cuts 2025 Profitability Target On Potential Tariff Impact

Philips topped Q1 profit estimates with €0.25 EPS, cut its 2025 margin outlook due to tariffs, and reported €1.09 billion cash outflow tied to U.S. settlements.

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Gold's Historic Surge Unlocking Value in These Mining Stocks

Surging gold prices have amplified the profitability of global gold mining companies. Here are some stocks to consider.

Alexandria Ocasio-Cortez Asks,'How Much Did Majorie Taylor Greene Make When She Bought The Dip?'

"Just how much did Marjorie Taylor Greene make when she bought the dip?" Alexandria Ocasio-Cortez asks in the caption of a YouTube video calling for a ban on Congressional trading.

Billionaires Selling: Could This Signal a New Crisis? - Ad

Buffett, Gates, and Bezos are quietly dumping stocks-and moving billions elsewhere. Former White House advisor Jim Rickards says it's tied to Trump's boldest economic move yet. He just revealed where the smart money is going-and how you can follow before it's too late.

Peter Schiff Questions Trump's Bitcoin Ambition Amid Trade Deficit Concerns: 'Resources Are Just Wasted'

Economist Peter Schiff says that President Donald Trump’s Bitcoin (CRYPTO: BTC)-centric policy contradicts his aim of correcting the U.S. trade imbalance with the world.

Alkane And Mandalay Combine In A $707 Million 'Merger Of Equals'

Alkane Resources and Mandalay Resources have announced an all-share merger valued at AU$1.01 billion, creating a global gold and antimony producer.

Have You Seen this Strange Elon Musk Device? - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

Wall Street Eyes 8th Positive Day As S&P 500 Recoups Tariff-Led Losses, Bitcoin Rallies To $97,000: What's Driving Markets Thursday?

Wall Street pushed higher in midday trading, with the S&P 500 on track for its eighth consecutive gain — its longest winning streak since November 2023. The index rose about 1% to 5,560, fully recovering the losses sustained after former President Donald Trump announced trade tariffs on April 2.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Oil prices drop $2 with most Asian markets closed for holidays

HONG KONG (AP) — Oil prices fell more than $2 a barrel early Monday after the OPEC+ group of oil producing nations said it plans to increase output. U.S. futures fell

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Hawaii lawmakers raise the state's hotel tax to help the islands cope with climate change

HONOLULU (AP) — Hawaii lawmakers passed on Friday that will increase the state’s lodging tax to raise money for environmental protection and strengthening defenses against -fueled natural disasters.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service