User: newstrust Topic: Business
Category: Global Economy :: Trade
1 new since Jul 17 2019 14:23 IST RSS 2.0
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How tough is an investment banker's life? 14.7.2019 BBC: Front Page
A week after some Deutsche Bank employees lost their jobs, how much of a raw deal have they had?
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W(hy)TF are Japan and South Korea in a trade war? 13.7.2019 TechCrunch
Another week, another trade war. And unlike most trade wars these days, this one didn’t originate from the confines of the Rose Garden with the Marine One whirlybird in the background. No, like any Ice Bucket Challenge-worthy meme, others are getting in on the trade war bandwagon and making it their own. Cue Japan and […]
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Truck Heists, Dog Poisonings, and Murder: Inside the Brutal World of the Truffle Trade 13.7.2019 Mother Jones
Why does it cost so much to have a chef shave the bulbous fungus we call a truffle over some pasta? Most truffle species, unlike their mushroom brethren, develop underground, giving them protection and time to produce “small, potato-like structures,” scientists say, with “fruit-bodies” packed with aroma and flavor. These growing conditions lead to a […]
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A black market in wildlife trafficking thrives on Facebook and Instagram 12.7.2019 LA Times: Business

Ali Ahamed’s black satchel was overflowing with turtles, their tiny heads poking out. Just a few feet away, on the hotel room floor, roughly 20 larger turtles with dark brown shells were removed from black suitcases and flipped onto their backs to keep them from crawling under the couch.


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China to Cut Ties to U.S. Businesses Selling Weapons to Taiwan: 'Cancel the Arms Sales Immediately' 12.7.2019 Newsweek Top Stories
The U.S. has approved the sales of $2.2 billion worth of M1A2T Abrams Tanks and Stinger man-portable air defense systems to Taiwan, which China claims as part of its territory.
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Vietnam strains to reap the rewards of the U.S.-China trade war 12.7.2019 L.A. Times - World News

The requests that textile factory manager Huynh Thi Ai Diem receives are almost always the same: A foreign company is desperately trying to relocate production from China to Vietnam. Tariffs imposed by the U.S. have eaten away their profit margin. Can she help?

Huynh would like nothing more but...

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Facebook answers how Libra taxes & anti-fraud will work 12.7.2019 TechCrunch
Facebook provided TechCrunch with new information on how its cryptocurrency will stay legal amidst allegations from President Trump that Libra could facilitate “unlawful behavior”. Facebook and Libra Association executives tell me they expect Libra will incur sales tax and capital gains taxes. They confirmed that Facebook is also in talks with local convenience stores and […]
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‘It is called the United States Dollar!’: Trump says cryptocurrency is ‘not money’ 12.7.2019 Raw Story
Donald Trump expressed his mistrust of cryptocurrency Thursday, saying it was “not money” and warning that those wishing to join the trade would have to abide by banking regulations. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump […]
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Oil’s Enduring Sway in US Policy in the Middle East 11.7.2019
If the United States goes to war with Iran, oil lies at the root of the present and long-term crisis.
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Today: Not on Their Front Walk 11.7.2019 Los Angeles Times - Living Green

In L.A., private citizens are putting up barriers along public sidewalks to prevent homeless people from setting up tents.


Not on Their Front Walk

Chain link and orange mesh fences. Rosebushes and spiky cactuses. Huge planters. Frustrated by homeless encampments and L.A.’s uneven response...

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Federal Reserve Sees Big (Negative) Impact On Economy From Trump’s Trade War 11.7.2019 Outside the Beltway
The latest Federal Reserve report on the economy shows Trump's trade policies are having an increasingly negative impact.
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9/11 First Responder Calls Out Republican Senators By Name: 'Shame on Them! They Work for Us' 11.7.2019 Newsweek Top Stories
"Tillis and Burr, I'm coming tomorrow and if you guys aren't on the bill in North Carolina there's gonna be a problem," John Feal said.
The Ross Perot I Knew Was a Billionaire Populist, but He Was No Donald Trump | Opinion 11.7.2019 Newsweek Top Stories
Yes, the two business leaders agreed on some key issues and led unorthodox campaigns that upset traditional politics, but they were very different men.
Apple opens app design and development accelerator in China 11.7.2019 techCrunch
Apple has opened a design and development accelerator in Shanghai — its first for China — to help local developers create better apps as the iPhone maker looks to scale its services business in one of its key overseas markets. At the accelerator, Apple has begun to hold regular lectures, seminars and networking sessions for […]
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Worldwide smuggling crackdown rescues endangered wildlife 11.7.2019 Minnesota Public Radio: Law & Justice
In a joint operation organized by the World Customs Organization and Interpol, thousands of protected animals, plants and wildlife products were seized in more than 100 countries.
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Federal Reserve minutes show broad worries about the economy 11.7.2019 LA Times: Business

Most Federal Reserve officials expressed concern at a meeting last month that the outlook for the U.S. economy was weakening, and many said the Fed should soon cut interest rates if uncertainty continued to weigh on growth.

Some businesses, particularly in manufacturing, have pulled back on spending...

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CIA torture unredacted: Four-year investigation reveals what was hidden in US Senate torture report 10.7.2019 Raw Story
New report is the most comprehensive public account of one of the most disturbing elements of America’s so-called ‘War on Terror’ One night in October 2001, shortly after al-Qaeda’s attacks on the World Trade Center and Pentagon, a private jet touched down in Karachi. Masood Anwar, a prominent Pakistani journalist, received an unexpected tip from a friend in […]
Fed’s Jerome Powell: Uncertainties continue to weigh on US economy 10.7.2019 Raw Story
Uncertainty about trade frictions and global growth continues to weigh on the US economic outlook, Federal Reserve Chair Jerome Powell said Wednesday, keeping the door open to an interest rate cut this month. In his highly-anticipated testimony to Congress, Powell said many central bankers believed the case for lower rates “had strengthened” last month given […]
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Federal Reserve chairman signals cut in US interest rates 10.7.2019 BBC: Business
The Federal Reserve's Jerome Powell warns of growing risk to the global economy.
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Fed chief signals interest rate cut likely as soon as this month 10.7.2019 LA Times: Business

Federal Reserve Chairman Jerome Powell said downside risks to the economy remain with trade wars softening business investment and weak inflation, signaling that policy makers may be poised to cut interest rates as soon as this month.

Since Fed officials met in June, “it appears that uncertainties...

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