User: newstrust Topic: US Economy
Category: Financial Markets
Last updated: May 17 2018 04:04 IST RSS 2.0
 
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Sharing the Tech Wealth 14.5.2018 American Prospect
This article appears in the Spring 2018 issue of The American Prospect magazine. Subscribe here .  When the Democratic “blue wall” stretching from Wisconsin through Michigan and Ohio to Pennsylvania fell on November 7, 2016, its breach reflected a growing socioeconomic gulf between the prosperous coastal states and depressed non-metro America. The vast majority of economic growth since 2008 has flowed to the coasts, while the Midwest and rural America have seen spikes in deaths of despair, divorce, an opiate crisis, and a moribund economy. It wasn’t always like this. Once upon a time, from roughly 1880 to 1980—an era Trump’s white supporters may have in mind when they demand America be Made Great Again—incomes of different regions more nearly converged. Much of U.S. manufacturing and its supply chain was based in the Midwest. Thanks to unionization, a good deal of basic industry paid decent wages. Meanwhile, other industries such as textiles and apparel migrated from New England to the Southeast, raising ...
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Sharing the Tech Wealth 14.5.2018 American Prospect
This article appears in the Spring 2018 issue of The American Prospect magazine. Subscribe here .  When the Democratic “blue wall” stretching from Wisconsin through Michigan and Ohio to Pennsylvania fell on November 7, 2016, its breach reflected a growing socioeconomic gulf between the prosperous coastal states and depressed non-metro America. The vast majority of economic growth since 2008 has flowed to the coasts, while the Midwest and rural America have seen spikes in deaths of despair, divorce, an opiate crisis, and a moribund economy. It wasn’t always like this. Once upon a time, from roughly 1880 to 1980—an era Trump’s white supporters may have in mind when they demand America be Made Great Again—incomes of different regions more nearly converged. Much of U.S. manufacturing and its supply chain was based in the Midwest. Thanks to unionization, a good deal of basic industry paid decent wages. Meanwhile, other industries such as textiles and apparel migrated from New England to the Southeast, raising ...
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Jeff Zients was with Obama for the long haul — and now he’s going long in investing 12.5.2018 Washington Post
Jeff Zients was with Obama for the long haul — and now he’s going long in investing
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When banks abandoned American Samoa, the islands found a solution nobody had used in a century 9.5.2018 Washington Post
When banks abandoned American Samoa, the islands found a solution nobody had used in a century
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The Finance 202: Banking deregulation takes two leaps forward on Capitol Hill 9.5.2018 Washington Post: Politics
A Dodd-Frank deal has been struck.
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The Finance 202: Good news on the economy may not be a result of GOP tax cuts 8.5.2018 Washington Post
The Finance 202: Good news on the economy may not be a result of GOP tax cuts
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The Finance 202: Trump team faces long odds for trade breakthrough in Beijing 3.5.2018 Washington Post: World
The president's senior economic advisers arrived today.
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What does the yield on the 10-year Treasury mean to you? 24.4.2018 Washington Post
What does the yield on the 10-year Treasury mean to you?
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The Finance 202: Here's why the tax cuts are such a hard sell for Republicans 20.4.2018 Washington Post: Politics
Some think it's not a lost cause, however.
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The Finance 202: Fed report shows business execs worry about Trump's trade moves 19.4.2018 Washington Post: Politics
The specter of a trade war is anything but hypothetical for some executives.
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The Finance 202: Trump wants to make Wall Street great again 17.4.2018 Washington Post: Politics
Big banks are getting tax cut windfalls.
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The Finance 202: Paul Ryan's scary math legacy 12.4.2018 Washington Post
The Finance 202: Paul Ryan's scary math legacy
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How 12 experts would end inequality if they ran America 8.4.2018 Washington Post
How 12 experts would end inequality if they ran America
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The Finance 202: 'We're jittery right now.' Amazon sell-off reflects market's sensitivity to Trump headlines 29.3.2018 Washington Post: Politics
Trump’s Amazon fixation isn’t new by any stretch.
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The Finance 202: Big business isn't championing tax cuts. That could hurt Republicans in the midterms 28.3.2018 Washington Post
The Finance 202: Big business isn't championing tax cuts. That could hurt Republicans in the midterms
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The War on the Post Office 20.3.2018 Truthout - All Articles
The US banking establishment has been at war with the post office since 1910, when the Postal Savings Bank Act established a public savings alternative to a private banking system that crashed the economy in the Bank Panic of 1907. Now, the US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need. A statue of Benjamin Franklin stands outside of the Old Post Office Building in Washington, DC. (Photo: Daniel M. Silva / Shutterstock) Ready to make a difference? Help Truthout provide a platform for exposing injustice and inspiring action. Click here to make a one-time or monthly donation. The US banking establishment has been at war with the post office since at least 1910, when the Postal Savings Bank Act established a public savings alternative to a private banking system that had crashed the economy in the Bank Panic of 1907. The American Bankers Association was quick to respond, forming a ...
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One thing Democrats and Republicans apparently agree on: Destabilizing the banking sector again 9.3.2018 LA Times: Commentary

Next week marks the 10th anniversary of the run on Bear Stearns, the investment bank that collapsed under the weight of toxic subprime mortgages. Although JPMorgan Chase snapped up Bear Stearns for pennies on the dollar, this maneuver failed to stop the bleeding from the mortgage meltdown, leading...

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The Finance 202: Kushner is Exhibit A of why banking deregulation may be tough sell 1.3.2018 Washington Post: Politics
Republicans are pushing for watering down Dodd-Frank.
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The Finance 202: Mueller Risk Index gauges danger to markets of the Trump-linked Russia probe 28.2.2018 Washington Post: Politics
Threat looms large.
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Trump claimed credit for rising stock prices. Now he owns their fall — and a possible recession 25.2.2018 LA Times: Nation

Until the recent downturn, the soaring U.S. stock market had been one of President Trump’s favorite topics.

He’s tweeted more than 60 times since his election about new highs and frequently touted the gains in public comments.

“The stock market is smashing one record after another, and has added...

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