User: newstrust Topic: US Economy
Category: Financial Markets
Last updated: Dec 04 2019 03:23 IST RSS 2.0
 
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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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Elizabeth Warren Has Another New Plan—And Wall Street Isn’t Going to Like It 18.7.2019 Mother Jones
Elizabeth Warren has made fighting Wall Street central to her political career, and she’s prepared to double down if elected president. That’s the overall message of Warren’s newest detailed plan, unveiled on Thursday, to reel in financial industry excess, from high-risk investing to executive compensation to the private equity industry. The proposal is the second […]
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Mixed earnings at large US banks as Fed rate cut looms 16.7.2019 Raw Story
JPMorgan Chase reported record quarterly profits on Tuesday behind strong consumer business, but shares were pressured by worries over expected Federal Reserve interest rate cuts on a day of mixed results by large banks. Wells Fargo also notched higher profits, while Goldman Sachs reported a dip in profits, but topped analyst expectations. The trio of […]
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What’s for sale at this outdoor market? Cold, hard cash 11.7.2019 LA Times: Commentary

The men stand in a maelstrom of money. There's lots of it: inch-thick wads of crisp Benjamins, 100-euro bills and Turkish liras. Brick-sized blocks of Libyan dinars bulge from suitcases or are spirited away in wheelbarrows.

Here in the cobblestoned pathway of the Musheer market, a few steps away...

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Facebook’s Audacious Bid for Global Monetary Control 1.7.2019 Truthout.com
A currency intended for trade on a national scale needs to be not only centralized but democratized.
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US Fed says large banks prepared to withstand economic crisis 22.6.2019 Raw Story
Major banks operating in the United States would be able to withstand a severe global economic crisis with funds to spare, the Federal Reserve said Friday. The Fed announced the results of its annual bank stress tests, showing the 18 largest financial institutions would suffer losses but still have enough of a capital buffer to […]
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