User: newstrust Topic: US Economy
Category: Financial Markets
Last updated: Jun 15 2019 24:34 IST RSS 2.0
 
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Retail Workers Nationwide Are Forming a Coalition to Demand a Just Economy 14.6.2019 Truthout.com
United for Respect filed a resolution at a Walmart shareholders meeting last week to allow workers on the board.
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Bank of America warns of possible ‘carnage’ linked to leveraged loans 5.6.2019 LA Times: Business

The U.S. economy is on solid footing except for one potential trouble spot, according to Bank of America Corp. Chief Executive Brian Moynihan: leveraged loans — a business the bank has dominated for a decade.

Problems aren’t yet emerging as the economic expansion continues and companies churn out...

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Essential California: When the Lyft you drive is also your home 21.5.2019 LA Times: Commentary
Good morning, and welcome to the Essential California newsletter . It’s Tuesday, May 21, and I’m writing from Los Angeles. Los Angeles Times business reporter Johana Bhuiyan has often written about the human costs of the cheaply priced gig economy. Yesterday, she published a major ...
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Bank on the People Instead of Wall Street Parasites 1.5.2019 Truthout.com
The financialized economy has become a parasite feeding off the real economy, driving workers further into debt.

The post Bank on the People Instead of Wall Street Parasites appeared first on Truthout.

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Wall Streeter: Forgiving Student Loans Lets People Get Away With Something 23.4.2019 Crooks Liars
Stephanie Ruhle, who probably makes more in one year than most of us make in our lifetimes, has an itch that simply must be scratched. "On the top line, forgiving student debt sounds like a good idea. But is student debt the solution or is it that college simply costs too much?" she asked. Economist Allison Schrager responded that college costs too much, "but also, if you look at the data, the students who are struggling are the ones in default who have less than $10,000 in loans. So what you're really seeing is people who went to college, dropped out, and didn't have a boost in earnings. They are the ones really struggling. this is a big transfer to middle class and upper middle class people." (No, Allison, it really isn't. Elizabeth Warren's proposal limits loan forgiveness to those making less than $100K a year.) "Really. Some people are comparing the student debt crisis to the new subprime crisis and you seem to be framing it like it's not that big of a deal," Ruhle ...
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California Inc.: Snap Inc. needs to hurry up and make a profit 22.4.2019 LA Times: Business

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

Markets were closed for Good Friday. This week, investors will refocus on company earnings...

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The IRS Tried to Take on the Ultrawealthy. It Didn’t Go Well. 6.4.2019 Truthout.com
A special IRS team was formed to unravel the complex tax-lowering strategies of the rich. Here's why it failed.

The post The IRS Tried to Take on the Ultrawealthy. It Didn’t Go Well. appeared first on Truthout.

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The Secret to Funding a Green New Deal 25.3.2019 Truthout.com
A network of public banks, including a central bank operated as a public utility, could fund a Green New Deal.

The post The Secret to Funding a Green New Deal appeared first on Truthout.

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The global economy is a ticking time bomb waiting to explode 17.3.2019 Raw Story

In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a recurrence of the meltdown of 2008. Although the U.S. government’s system of checks and balances typically pr...

The post The global economy is a ticking time bomb waiting to explode appeared first on Raw Story.

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Bull market hits the 10-year mark. Will it keep raging or will bears spoil the party? 8.3.2019 LA Times: Commentary

In early 2009, a gallon of gas in California averaged $2.16 and the movie “Watchmen” was playing in theaters at an average ticket price of $7.50. “Late Night With Jimmy Fallon” premiered. Facebook Inc. was still a private firm.

On Wall Street, the stock market was mired in a deep slump stemming...

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Survival of the Richest 28.2.2019 ConsortiumNews.com
Nomi Prins tracks the acute worsening of inequality since the 2008 financial crisis.   By Nomi Prins TomDispatch.com Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality…Read more →
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Why Germany Leads in Renewables: It Has Its Own Green Bank 31.1.2019 Truthout.com
Germany's development bank is even larger than the World Bank, and it funds the country’s green energy revolution.

The post Why Germany Leads in Renewables: It Has Its Own Green Bank appeared first on Truthout.

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Wall Street Journal lampoons childish Trump for ‘holding his breath’ and believing Pelosi would give in 26.1.2019 Raw Story

Although not a fan of House Speaker Nancy Pelosi (D-CA), the Wall Street Journal gave her credit for bringing the government shutdown to an end — by making President Donald Trump blink first and cave over his border wall. According to the conservative editorial board, “Trump cut his grow...

The post Wall Street Journal lampoons childish Trump for ‘holding his breath’ and believing Pelosi would give in appeared first on Raw Story.

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Tech sector rises, but stocks’ four-week winning streak ends 26.1.2019 LA Times: Business

Stocks rose on Wall Street on Friday, recovering a chunk of their losses from earlier in the week. Technology and industrial companies jumped.

Traders took a brighter view on the economy, and U.S. companies continued to report solid fourth-quarter results. Energy and consumer-focused companies...

Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs 20.1.2019 LA Times: Business

Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of return.

Everything’s fine while the economy is growing. But when it slows, those borrowers could default, causing problems to cascade...

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Standing Rock’s Surprising Legacy: A Push for Public Banks 7.1.2019 Truthout.com
Here’s what a city needs, and could gain, from municipal banking.

The post Standing Rock’s Surprising Legacy: A Push for Public Banks appeared first on Truthout.

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Will the gaming industry clutch up in 2019? 3.1.2019 techCrunch
2019 promises to be a great year in games. Innovation and competition will elevate the industry’s offerings and drive more inclusivity among a broader range of audiences.
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This Radical Plan to Fund the Green New Deal Just Might Work 2.1.2019 Truthout.com
A network of public banks could fund the Green New Deal.

The post This Radical Plan to Fund the Green New Deal Just Might Work appeared first on Truthout.

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Here are 5 signs extreme wealth deadens the ’empathy’ and ‘honesty’ parts of the brain 17.11.2018 Raw Story

The wealthy give plenty of excuses for our outrageously unjust society. They just go to show that extreme wealth can destroy your brain. ...

The post Here are 5 signs extreme wealth deadens the ’empathy’ and ‘honesty’ parts of the brain appeared first on Raw Story.

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Few see Trump-friendly US stock recovery before elections 26.10.2018 Raw Story

U.S. President Donald Trump’s favorite report card on his presidency may be failing him at a critical moment. U.S. stocks have fared well since Trump took office, a fact he has repeatedly touted, but have stumbled badly in October. The S&P 500 .SPX is down 7.6 percent and on course for its bigg...

The post Few see Trump-friendly US stock recovery before elections appeared first on Raw Story.

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