On December 31 2020, the newsrack service will be shut down permanently.

It has been a nice long run from the Sarai days in 2004 to being hosted on its own domain around 2006. Beside maintenance, there has been no real active development on the code or the features since early 2008. Since 2015, even all that maintenance was pretty bare bones. A lot of news sources no longer provide reliable RSS feeds and since mid 2018, there were growing issues with the service and I only kept it alive to assist a handful of users.

So, it is time to shut this down. The internet world in 2020 is vastly differently from 2003 when I first conceptualized this service. Thanks for using this all these years.

If you need to access any data, email me: subbu at newsrack.in

 
User: newstrust Topic: US Economy
Category: Financial Markets
Last updated: Nov 17 2018 18:49 IST RSS 2.0
 
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Kelly Loeffler’s offshore tax shelter scheme 21.11.2020 Raw Story
Months after the Great Recession brought the global economy to its knees, a financial management company called International Exchange (ICE) created a way for the world’s biggest banks to keep trading in the very financial instruments that contributed to the crisis in the first place. This article first appeared in Salon. To help those clients […]
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Treasury Secretary Steven Mnuchin rejects renewal of some Fed emergency loan programs 20.11.2020 Chicago Tribune: Business
Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve to support the economy.
Op-Ed: Airlines don't deserve another taxpayer-financed bailout 19.10.2020 LA Times: Opinion

A bailout will only reward airlines for outrageous executive salaries and stock buybacks. To help employees, renew the $600-a-week jobless benefit.

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Goldman Sachs profits surge despite pandemic 14.10.2020 Raw Story
Goldman Sachs reported strong third-quarter results Wednesday, nearly doubling profits and reflecting little of the vulnerability that has plagued corners of the real economy during the pandemic. Key strengths to the money machine at Wall Street’s iconic investment bank included a “significant” increase in initial public offerings and a surge in revenues from its markets […]
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Debt collectors have made a killing this year — and now they’re coming for more 7.10.2020 Raw Story
Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer in the country, announced that it had doubled its previous record for […]
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Debt Collectors Are Thriving This Year — and Now They’re Filing Even More Suits 5.10.2020 Truthout.com
After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the ...
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Debt collectors have made a fortune this year — now they’re coming for more 5.10.2020 Raw Story
Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer in the country, announced that it had doubled its previous record for […]
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If Kushner Companies Default on Near-Record Loan, Taxpayers May Be on the Hook 1.10.2020 Truthout.com
The government-backed loans helped the Kushners buy thousands of apartments in their biggest purchase in a ...
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The Kushners’ government-backed loan wasn’t just massive — it came with unusually good terms, too 1.10.2020 Raw Story
After the news broke in May of last year that government-sponsored lending agency Freddie Mac had agreed to back $786 million in loans to the Kushner Companies, political opponents asked whether the family real estate firm formerly led by the president’s son-in-law and top adviser, Jared Kushner, had received special treatment. “We are especially concerned […]
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Extreme weather and permanent disaster zones will force a new American migration: research 15.9.2020 Raw Story
August besieged California with a heat unseen in generations. A surge in air conditioning broke the state’s electrical grid, leaving a population already ravaged by the coronavirus to work remotely by the dim light of their cellphones. By midmonth, the state had recorded possibly the hottest temperature ever measured on earth — 130 degrees in […]
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Our Capitalist Economy’s Dependence on Credit Is Driving Us Toward Fascism 12.9.2020 Truthout.com
Private capitalists and the top political circles in both major parties are merging into a dangerous political ...
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America’s fast-evolving credit system shows the transition to fascism is already under way 10.9.2020 Raw Story
Viewing the GOP convention seemed a little like binge-watching the last several years’ parade of none-too-subtle signs of incipient fascism. We saw extreme nationalism, scapegoating immigrants and foreigners in general, white supremacy, “strong (narcissistic)-man” government, aggressive foreign policies, and hysterical red-baiting. Those signs reflect how capitalism’s deepening crisis undermines both the center-left (Democrat) and center-right […]
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The Fed Invested Public Money in Fossil Fuel Firms Driving Environmental Racism 3.9.2020 Truthout.com
The Fed Reserve should not be propping up a dying industry with a track record of harming communities of ...
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ANATOMY OF A MAN-MADE DISASTER: 595 ways Trump has failed to protect us from COVID-19 30.8.2020 Raw Story
Crises have a way of sorting the good presidents from the bad. Historians rank Abe Lincoln and Franklin Delano Roosevelt among the top three presidents for their handling of the Civil War, the Great Depression, and World War II. By contrast, the string of catastrophes that trailed George W. Bush, from 9/11 to Iraq to Hurricane Katrina to his obliviousness to warning signs in the housing […]
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Corporate Landlords Get Big Tax Breaks. They Should Pay Rent Our During COVID. 22.8.2020 Truthout.com
The real estate industry, led by some of the richest people in the world, can't be allowed to exploit renters ...
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Three reasons stocks are soaring despite the coronavirus’ economic toll 13.8.2020 Chicago Tribune: Business
Why has Wall Street flourished while Main Street struggles? Credit Washington aid, Big Tech and market optimism about the future.
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Millions of Working Poor May Lose Out on EITC Benefits Due to Pandemic 5.8.2020 Truthout.com
Democrats push to reform the earned income tax credit in the next relief bill to make it like a basic income ...
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Tesla's insane stock price makes sense in a market gone mad 22.7.2020 LA Times: Business

Can Tesla and the stock market as a whole continue to defy gravity?

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The pandemic has exposed a disturbing fact about who the government helps most 16.7.2020 Raw Story
In January 2020, the NASDAQ stock market’s index stood just under 10,000. In the March crash, it fell to 7,000. As of July 10, 2020, it hit 10,600. The U.S. government’s economic policies produced a “recovery” for the rich who own the vast bulk of stocks. Their holdings are worth more now than before COVID-19 […]
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Largest bank in the US holds back $10 billion anticipating Americans won’t be able to pay their mortgage 14.7.2020 Raw Story
Last week it was revealed that nearly one-third of Americans couldn’t pay their mortgages or their rent. It’s the third month in a row with over 30 percent of American renters and homeowners showing that they’re in trouble, despite the stimulus check from Washington. Tuesday, the Wall Street Journal wrote that the largest bank in […]
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