User: newstrust Topic: Business
Category: Global Economy :: Regulation
Last updated: Oct 18 2018 20:35 IST RSS 2.0
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Moving Toward Plutocracy: Bill Moyers Talks to Ben Fountain About the Trump Age 18.10.2018
Ben Fountain’s "Beautiful Country Burn Again" is a bold, brave book about the state of politics in the era of Trump.

The post Moving Toward Plutocracy: Bill Moyers Talks to Ben Fountain About the Trump Age appeared first on Truthout.

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What would it take for North Korea to join the IMF? 13.10.2018 BBC: Business
Joining would require the North to open up about its economy, but human rights are unlikely to be an issue.
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James Murdoch tipped to lead Tesla board? 11.10.2018 BBC: Business
Tesla must replace Elon Musk as board chairman as part of a settlement with US financial regulators.
Demystifying the crisis in il&fs 10.10.2018 Business – The Navhind Times
Dr D M Deshpande What began as a financial crisis at a micro level in Infrastructure Leasing & Financial Services (IL&FS) is now threatening to spread its effect to NBFC’s (Non Banking finance Companies), pension and mutual funds, LIC and also the stock markets. There have been series of payments defaults by the said entity ...
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How govt is blatantly misusing LIC to save failing companies 8.10.2018 Rediff: Business
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL & FS, says Jaimini Bhagwati.
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Breaking with Wall Street: Los Angeles Puts It to the Voters 6.10.2018
Los Angeles have a chance to divest public funds from the big banks and move them into publicly-owned institutions.

The post Breaking with Wall Street: Los Angeles Puts It to the Voters appeared first on Truthout.

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A Very, Very, Very Fine House 1.10.2018 American Prospect
This article appears in the Fall 2018 issue of The American Prospect magazine. Subscribe here .  “Politics Ain’t Beanbag” —Mr. Dooley (Finley Peter Dunne), 1895 For much of the past three decades, Republicans have been playing serious hardball while Democrats have often played beanbag. When Republicans took over the House in 2011 and then the Senate in 2015, they began violating normal legislative procedure with increasing recklessness. Bills were enacted without hearings and little notice, often being finalized in House-Senate conferences with only Republican legislators participating. Members were literally asked to vote on final passage with no text available. Venerable norms and courtesies were shamelessly manipulated. The Senate’s blue slip rule, allowing a home-state senator to put a hold on a judicial nomination, was interpreted to require two holds to block action when Republicans were rushing through confirmations, but just one hold when Democrats were trying to confirm judges and Republicans ...
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Tesco Bank fined £16.4m over cyber attack 1.10.2018 BBC: Business
The Financial Conduct Authority says the bank did "too little, too late" to protect its customers
Trump’s America: Poor Immigrants Need Not Apply 29.9.2018 American Prospect
AP Photo/Jae C. Hong, File Eighteen-year-old Dunia Bueso, center, and her relative, Augustin Vargas, left, look at Bueso's one-year-old son, Joshua Tinoco, foreground, sitting on the lap of Martina Perez, at their home in Los Angeles. Of the three, only Bueso has been issued a green card.  trickle-downers_54.jpg The Trump administration is weaponizing food stamps, family financial assistance, and other public benefits to make good on its promise to drive poor immigrants out of the country. On September 22, the Department of Homeland Security (DHS) released a preliminary version of a  draft regulation  that would give the federal government broader authority to deny green-cards to people who could become “public charges,” that is, dependent on welfare programs. DHS Secretary Kirstjen Nielsen said in a  statement  that the change aims to promote “immigrant self-sufficiency and protect finite resources by ensuring that they are not likely to become burdens on American taxpayers.” But a growing number of ...
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Argentina's central bank boss Luis Caputo quits after three months 25.9.2018 BBC: Business
Luis Caputo resigns just three months after being appointed, sparking further falls in the peso.
Argentine GDP in steepest fall since 2014 20.9.2018 BBC: Business
The country's economy contracted by 4.2% in the second quarter compared to a year ago.
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'Wild West' Bitcoin 'should be regulated' 19.9.2018 BBC: Business
Digital currencies pose a "litany of risks" and investors have little protection, says an MPs' committee.
Why Los Angeles’ Upcoming Public Banking Ballot Initiative is a Huge Deal 16.9.2018
If Los Angeles succeeds in creating a municipal public bank, it will be the first of its kind in the country.

The post Why Los Angeles’ Upcoming Public Banking Ballot Initiative is a Huge Deal appeared first on Truthout.

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On 10th Anniversary of Crash, Warren Says: Break Up the Banks, Jail the Bankers 15.9.2018
The senator said the US must "force law-breaking bankers to trade in their pinstripe suits for orange jumpsuits."

The post On 10th Anniversary of Crash, Warren Says: Break Up the Banks, Jail the Bankers appeared first on Truthout.

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'The Bank of Mum and Dad will run dry' 15.9.2018 BBC: Business
Money lenders say people will borrow even more from families as firms cut lending after Wonga's collapse.
Lehman anniversary: The five most surprising consequences 14.9.2018 BBC: Business
A decade on, some of the big consequences of the financial crisis are also the most surprising.
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Bernanke, Geithner, and Paulson's Lessons of the Crash 14.9.2018 American Prospect
AP Photo/Pablo Martinez Monsivais, J. Scott Applewhite Former Treasury Secretary Henry Paulson, former Treasury Secretary Timothy Geithner, and former Federal Reserve Chairman Ben Bernanke After the French Revolution it was famously said that the surviving Bourbon aristocrats had “learned nothing and forgotten nothing.”  Judging by their recent  op-ed piece  in The New York Times, “What We Need to Fight the Next Financial Crisis,” the same could be said of Ben Bernanke, Tim Geithner, and Hank Paulson. As treasury secretaries and chair of the Federal Reserve, these three were the most powerful regulators of the financial system during the disastrous crisis of a decade ago. Yet they devote only a few words to their own failures to predict or prevent the last crisis (“Although we and other regulators did not foresee the crisis…”) and the lessons that might hold for today. Just a brief paragraph is devoted to the state of post-crisis regulations.  Instead, the thrust of the editorial is that the country ...
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Stuart Varney's Guest Tossed Off Set For Defending Universal Income: 'You Have Too Much' 12.9.2018 Crooks Liars
Stuart Varney is worth a reported ten million dollars, and gets paid in the hundreds of thousands by Fox Business to tell white retired people (who got THEIR pension and everyone else is a moocher) that minimum wage earners are greedy for wanting $15.00 an hour. Watching a fearless economist (Axios's Felix Salmon) call for Universal Basic Income and then tell Varney to his face that, quote, "You have too much"? Priceless! Transcript via Media Matters: STUART VARNEY (HOST): Felix Salmon is with us, he is the chief financial correspondent at Axios, and he knows a thing or two about social networks and regulations. Good morning, Felix. FELIX SALMON (AXIOS): And even universal basic income, which is a great idea, I'm all in favor of that. VARNEY: What? You don't believe that. SALMON: If Mike Huckabee actually wants to take people from poverty and put them into work, if you look at the actual evidence -- VARNEY: Oh God. ASHLEY WEBSTER (FOX BUSINESS): Oh God. SALMON: Giving people guaranteed money increases ...
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Marshall Islands warned against adopting digital currency 11.9.2018 BBC: Technology
The International Monetary Fund says the tiny nation should rethink adopting a digital currency.
If Trump were a CEO, his board would have fired him by now 10.9.2018 The Moderate Voice

Bert Spector, Northeastern University The Trump White House has endured a lot of bad publicity in its short lifespan, but recent disclosures may be among the worst. On Sept. 4, an early account of Bob Woodward’s new book revealed the “nervous breakdown” unfolding within the Trump administration. Then, the next afternoon, a “senior official” went […]

The post If Trump were a CEO, his board would have fired him by now appeared first on The Moderate Voice.

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