UPMC's $3 Billion Collapse: 35,000 Jobs Gone, Pittsburgh's Economy Crumbles

The unthinkable has happened in Western Pennsylvania. UPMC, the state's largest employer and a massive healthcare giant, has defaulted on its debt and is imploding in real time. This catastrophic failure has triggered the termination of 35,000 employees and frozen $5 billion in projects, sending the region into an economic death spiral.

The housing market is in freefall. A 500% spike in new listings has flooded the Pittsburgh area as panicked families try to escape. Projections show a 40-50% collapse in property values by year's end. A leaked call reveals Governor Shapiro is in a state of panic with no plan to stop the bleeding. This is the story of how a "too big to fail" institution has failed, and is now threatening to take an entire American city down with it.

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