User: newstrust Topic: US Economy
Category: Financial Markets
Last updated: Nov 17 2018 18:49 IST RSS 2.0
 
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Consumer Confidence Highest in Nearly 20 Years -- Where’s the Media? 17.1.2020 NewsBusters
Consumer confidence is the highest its been in nearly 20 years. And yet, a recent MRC analysis showed that liberal media networks only gave President Donald Trump’s economy less than one percent coverage on their evening newscasts over a period of 100 ...
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Private Documents Reveal What Wall Street Really Thinks About Elizabeth Warren 17.1.2020 Mother Jones
A major bank that Elizabeth Warren once sharply criticized has some stark warnings for Wall Street investors about her potential presidency. Warren’s corporate tax plan, according to one memo the bank circulated, would “directly impact corporate earnings.” Her nine-point eligibility test for international trading partners—which requires a commitment to protect religious freedom and labor rights—“would […]
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Trump runs the country just like he ran his bankrupted businesses: The national debt is skyrocketing while economic growth is lagging 29.12.2019 Raw Story
“How do you impeach a president who has created the greatest Economy in the history of our Country?” Donald Trump tweeted in September. Trump has repeatedly claimed big economic benefits from his presidency. And this claim undergirds a lot of Trump’s popular support. But the truth is that Trump is a failure economically, both in […]
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Portify raises £7M Series A for its fintech app for ‘modern’ or gig economy workers 12.12.2019 TechCrunch
Portify, the London fintech startup that offers an app and various financial products to help gig economy and other modern, flexible or “self-employed” workers better manage their finances, has raised £7 million in Series A funding. The round, which comes a year after the company raised £1.3 million in seed investment, is led by Redalpine […]
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Mike Bloomberg doesn’t understand he is part of the problem 8.12.2019 Raw Story
The entry of Michael Bloomberg, one the world’s wealthiest men, into the Democratic Presidential primary contest arrives at a moment when Earth is facing growing levels of obscene wealth concentration and income disparity. This article first appeared in Salon “Last year 26 people owned the same [amount of wealth] as the 3.8 billion people who […]
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A Private Report Alerts Swiss Banks and Their Billionaire Customers About a Warren Presidency 4.12.2019 Mother Jones
A private memo circulated among investors late last month had a word of caution about a potential Elizabeth Warren presidency: Swiss banks would suffer. That’s the warning contained in a November 19 report titled “Swiss Banks: Warren Administration Analysis” from the research arm of Barclays, a major London-based bank and international financial services firm. The […]
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Corporate Media Ignore Historic Inequality in Reports of “Strong Economy” 25.11.2019 Truthout.com
Almost half of U.S. families can’t afford basics like rent and food, even as corporate media talk of a "strong ...
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The Prophet of Silicon Valley 22.11.2019 Mother Jones
Imagine the tycoons of Silicon Valley engineered a presidential candidate they could really get behind. He would be a man, of course. He would not be a stuffy academic or politician but, like them, a big thinking entrepreneur. He would understand online culture. He would have a slogan that would place technological progress over ideology, […]
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Trump Ag Secretary to Struggling Farmers: Get a Job! 14.11.2019 Mother Jones
Department of Agriculture Secretary Sonny Perdue maintains a, well, sunny view of the current farm economy. “I don’t think there could have been a better time to be in agriculture than today, I really mean that,” he recently mused on his podcast, The Sonnyside of the Street. In the latest episode, “Do Right and Feed […]
Banks Use Public Credit Backed by Public Funds to Feed Bottom Lines 11.11.2019 Truthout.com
People walk by the New York Stock Exchange on October 1, 2019, in New York City.
Some experts believe bankers are depriving small businesses of affordable loans in order to line their own pockets.
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Andrew Yang 2020 — but not for president 20.10.2019 Raw Story
After the fourth Democratic presidential debate last week, I realized the only enthusiastic endorsement I could make this far out was for Andrew Yang — but not for president. Instead, Yang should lead the Department of Commerce under whomever gets elected. because he has a 21st-century, visionary grasp of economics. This article first appeared in Salon […]
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These 7 charts show how legalized political corruption is so much bigger than Trump 16.10.2019 Raw Story
by Kenneth R. Peres Corruption. It’s a word we hear a lot these days. The press primarily focuses on the type of corruption characterized by individual government officials who use their political power to reward themselves and/or their allies. Recent examples/allegations include President Donald Trump’s attempt to strong arm the president of Ukraine to benefit Trump’s reelection […]
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Prison industry deal drags L.A. billionaire into Elizabeth Warren's campaign 11.10.2019 LA Times: Business

Elizabeth Warren asks Detroit Pistons owner Tom Gores to detail his investment in controversial prison telecom Securus Technologies.

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As climate crisis threatens to put more homes ‘literally underwater,’ study warns big banks offloading risky mortgages onto taxpayers 28.9.2019 Raw Story
“This is insane,” commented one climate campaigner. New research first reported on Friday by The New York Times suggests banks are shifting mortgages made riskier by the climate emergency over to financial institutions backed by U.S. taxpayers—findings that “echo the subprime lending crisis of 2008, when unexpected drops in home values cascaded through the economy and triggered recession.” Readers […]
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Negative interest rates are real, but don't expect to get paid to borrow money 13.9.2019 LA Times: Business

Trump wants the Federal Reserve to cut interest rates "to zero, or less." It's happening in other countries.

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The business elite still believe the ‘greed is good’ fallacy — but this dark philosophy has brought them to the brink 7.9.2019 Raw Story
Gordon Gekko found religion this week. Gekko, the lead in the 1987 movie “Wall Street” about capitalism gone corruptly amok, is most famous for his phrase: “greed is good.” On Monday, real-world Gekkos—181 corporate CEOs who belong to the Business Roundtable—signed a pledge saying they think greed isn’t so good, after all. Instead of bowing […]
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CEOs are starting to realize that greed isn’t so good after all 23.8.2019 Raw Story
Gordon Gekko found religion this week. Gekko, the lead in the 1987 movie “Wall Street” about capitalism gone corruptly amok, is most famous for his phrase: “greed is good.” On Monday, real-world Gekkos—181 corporate CEOs who belong to the Business Roundtable—signed a pledge saying they think greed isn’t so good, after all. Instead of bowing […]
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Latino Nets Warn of ‘Terrifying’ Trump-Triggered Economic Crisis  16.8.2019 NewsBusters
Now that Mueller and the dossier are ancient (buried) news, the liberal Spanish-speaking media will jump at any chance (asides from its non-stop illegal immigration litany) to declare doomsday for President Trump and his Administration. Case in point: the possibility, according to Univision, CNN en Español and Estrella TV, of an economic recession that could put an end to Trump’s claim to credit for the current economic ...
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ABC, NBC Stoke Panic for Possible Recession, CBS Tries to Ease Fears 15.8.2019 NewsBusters
With the so-called “inverted yield curve” for bonds creeping up on Wednesday, ABC and NBC sprinted to stoke fears that “a recession could be on the horizon”, as NBC White House correspondent Kristen Welker declared. But over on CBS Evening News, chief financial analyst Jill Schlesinger was telling viewers to “run your life as if this were just any old day.” ...
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Trump is driving us toward a big recession: It will be ghastly — but is it deliberate? 13.8.2019 Raw Story
Americans suffer from frustratingly short attention spans and even shorter memories. Case in point: Following the dark ride of the George W. Bush years, during which there were two wars, apocalyptic terrorist attacks in New York and Washington, torture as national security policy, warrantless eavesdropping and the most catastrophic economic crash since the Great Depression, […]
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