Finance and the Economy

In Record US Expansion, Rich Get Richer And Others Not So Much

July 5, 2019 Trevor Hunnicutt, Reuters. Educate! Finance and the Economy, New Economy, Poverty, wealth inequality

New York - Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed “Black Strat” Fender Stratocaster - that went for nearly $4 million to the owner of the U.S. National Football League’s Indianapolis Colts. The “Money” singer set a musical instrument sales record in the charity auction, marking yet another milestone for a booming market just weeks after New York-based art dealer Sotheby’s Holdings (BID.N), auctioned Claude Monet’s “Meules” for $110.7 million, the most ever for an Impressionist painting. And it is not just instruments or paintings in high demand among the world’s billionaire set.

The Mechanism Of Economic Sanctions: Changing Perceptions And Euphemisms

June 26, 2019 By Elias Davidsson, Globalresearch.ca Educate! Finance and the Economy, History, Sanctions

In our discussion we designate economic sanctions as “coordinated restrictions on trade and/or financial transactions intended to impair economic life within a given territory”[5]. To the extent that measures intend to impair “economic life within a given territory” through restrictions on trade and/or finance, they constitute, for our purposes, economic sanctions. Selective or individualized measures, such as restrictions on specific goods (arms, luxury items, some forms of travel), are therefore not considered as economic sanctions.

The American Dream Is Alive And Well – In China

June 23, 2019 Ellen Brown, Truthdig. Educate! China, Finance and the Economy, Home Ownership, Wealth Ineqaulity

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks. Compare China, where, despite facing one of the most expensive real estate markets in the world, a whopping 90% of families can afford to own their homes. Over the last decade, American wages have stagnated and U.S. productivity has consistently been outpaced by China’s. The U.S. government has responded by engaging in a trade war and imposing stiff tariffs in order to penalize China for what the White House deems unfair trade practices. China’s industries are said to be propped up by the state and to have significantly lower labor costs, allowing them to dump cheap products on the U.S. market, causing prices to fall and forcing U.S. companies out of business.

The Facts Behind The Hype: US GDP 1st Quarter 2019 Analysis

May 1, 2019 Jack Rasmus, Counterpunch.org Educate! Finance and the Economy

Last week’s US GDP for the 1st quarter 2019 preliminary report (2 more revisions coming) registered a surprising 3.2% annual growth rate. It was forecast by all the major US bank research departments and independent macroeconomic forecasters to come in well below 2%. Some banks forecast as low as 1.1%. So why the big difference? One reason may be the problems with government data collection in the first quarter with the government shutdown that threw data collection into a turmoil. First preliminary issue of GDP stats are typically adjusted significantly in the second revision, coming in future weeks.

New Rules for the 21st Century: Corporate Power, Public Power, And The Future Of The American Economy

April 16, 2019 By Nell Abernathy, Darrick Hamilton, and Julie Margetta Morgan, Rooseveltinstitute.org Create! Corporations, Finance and the Economy

America’s political landscape and economic thinking are shifting. The 2016 election—and the rise of powerful movements over the past decade—has shown us that Americans are calling for change. They want a diagnosis of our economy to help make sense of what’s gone wrong and to suggest ways to make things better. In New Rules for the 21st Century: Corporate Power, Public Power, and the Future of the American Economy, the Roosevelt Institute’s Nell Abernathy, Darrick Hamilton...

Instead of Enriching Shareholders, These Companies Could Give 8 Million Workers a $46,000 Raise

February 10, 2019 By Colleen Boyle, In These Times Educate! Finance and the Economy, New Economy, Workers Rights and Jobs

During the most recent fiscal year, the 30 companies that make up the Dow Jones Industrial Average gave $378.5 billion to shareholders. That translates to more than $46,000 for each of their combined 8 million employees. Publicly traded companies—like Nike, Coca-Cola and Apple—have many options for how to spend their profits. Historically, companies spent their profits reinvesting in their business through research and development, mergers and acquisitions, capital expenditures, and workforce training and increased salaries. Today, corporations are spending the majority of their profits on share repurchases and dividends, which enrich executives and shareholders while stiffing workers.

Global Economy On The Brink As Davos Crowd Parties On

January 25, 2019 Jack Rasmus, Jackrasmus.com Educate! Finance and the Economy, Ruling Class, World Economic Forum

“At Davos, Switzerland every year the global capitalist elite gather to party…and to prepare for the year ahead. This year more than 1500 private jets will reportedly fly in. Thousands more of their underling staff will travel via business class to handle their personal, and corporate, logistics. Shielded from the media and the pubic, the big capitalists share views in back rooms and listen to experts on finance, government policy, technology, and the economy. The experts are especially probed to identify and explain the next ‘black swan’ or ‘gray rhino’ event about to erupt.

Report: Unhealthy Food Production Makes Healthy Eating Impossible

January 25, 2019 Staff, Ellenmacarthurfoundation.org Educate! Finance and the Economy, Food and Agriculture, health

Hidden killers caused by food production are making healthy eating impossible for people around the world, according to Cities and Circular Economy for Food. The latest report by the Ellen MacArthur Foundation, produced with analytical support from SYSTEMIQ, was launched at the World Economic Forum Annual Meeting in Davos, Swizerland. It finds that excessive use of pesticides, antibiotics in livestock farming, and poor management of fertilisers could lead to 5 million deaths a year globally by 2050, twice the current number of deaths caused by obesity, and four times the number due to road traffic crashes.

‘Plunge Protection Team’ Holds Emergency Meeting As Trump Chaos Sparks Fears Of Another Financial Crash

December 26, 2018 By Jake Johnson, Commondreams.org Educate! Border, Finance and the Economy, Trump Administration

"The stock market goes up and down and the market is not the economy. But it is, for many people, their retirement or their college savings plan. And a lot of wealth has been wiped out because of the trade war, the tax cuts, and volatility not in the market but in the Oval Office." The deeply harmful government shutdown over President Donald Trump's demand for billions in border wall funding continued with no agreement in sight. From his vacation spot in Cabo San Lucas, Treasury Secretary Steve Mnuchin on Sunday sent markets tumbling with a bizarre Twitter statement assuring the public that there is absolutely no reason to believe Wall Street is about to collapse—a move one reporter described as the "financial equivalent of yelling fire in a crowded theater."

The Principles Of Socialism

December 2, 2018 Charles McKelvey, Counterpunch. Educate! Finance and the Economy, Human Rights, Political Parties, Socialism

With the emergence on the U.S. political scene of self-proclaimed socialists like Bernie Sanders, Alexandria Ocasio-Cortez and Rashida Tlaib, and with membership in the Democratic Socialists of America skyrocketing, socialism appears to be making a comeback in the United States. Inasmuch as I was active in the Democratic Socialists of America in the 1980s, and I have lived in Cuba since 2011, I find this to be very good news. However, I am concerned that the word socialism perhaps is being bantered about without a very thorough understanding of its meaning or its history.

Financial Press Cheers Election Of Fascist In Brazil

November 2, 2018 Alan MacLeod, Fair.org Educate! Brazil, Electoral Politics, Fascism, Finance and the Economy

Brazil’s controversial elections pitted far-right Jair Bolsonaro against the center-left Workers’ Party candidate Fernando Haddad. But it was clear which candidate international markets—and therefore the financial press—wanted. Bolsonaro was elected with 55.5 percent of the vote in an election that saw former leftist President Lula da Silva, by far the most popular candidate, jailed and barred from running on highly questionable charges. Bolsonaro was an army officer during Brazil’s fascist military dictatorship (1964–85), which he defends, maintaining that its only error was not killing enough people. An incendiary character with a long history of racist and sexist outbursts, he told a female federal deputy that she was not worthy of being raped by him...

Militarizing The Economy In The Name Of Defense

November 2, 2018 By William D. Hartung, Tomdispatch.com Educate! Department of Defense, Finance and the Economy, Militarization, Pentagon

Given his erratic behavior, from daily Twitter eruptions to upping his tally of lies by the hour, it’s hard to think of Donald Trump as a man with a plan. But in at least one area -- reshaping the economy to serve the needs of the military-industrial complex -- he's (gasp!) a socialist in the making. His plan is now visibly taking shape -- one we can see and assess thanks to a Pentagon-led study with a distinctly tongue-twisting title: “Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States.” The analysis is the brainchild of Trump’s adviser for trade and manufacturing policy, Peter Navarro, who happens to also be the key architect of the president’s trade wars.

The United States Is More Socialist Than You Know

October 15, 2018 Margaret Flowers and Kevin Zeese, Clearing the FOG. Podcast Finance and the Economy, Public Banks, Public ownership, Socialism

Compared to other wealthy countries, large sectors of the US economy are more socialized than is realized. From energy to water to transportation, land and more, and from cities and states to the nation, there is public ownership and control. The neo-liberal era of privatization is winding down. This has particularly accelerated following the 2008 financial crash. We speak with Thomas Hanna, author of "Our Common Wealth: The Return of Public Ownership in the United States," about reclaiming public goods and how to prepare for the next financial crash. Plus, we put the current news in the context of the bigger picture.

After Rahm’s Destruction, Can Chicago Creative A Cooperative Economy?

October 15, 2018 Matt Stannard, Occupy.com Create! Chicago, Cooperatives, Finance and the Economy, Politics, Revisionism

When Rahm Emanuel announced last month that he would not seek a third term as mayor of Chicago, he broke no hearts among people opposed to neoliberal privatization and the power of finance capital. In Chicago under Emanuel, as the editors of the 2016 anthology Neoliberal Chicago write, “neoliberalism led officials to privatize everything from parking meters to schools, gut regulations and social services, and promote gentrification wherever possible.” To take just one lurid example, Emanuel’s Chicago “privatized janitorial services for our schools,” organizer Amara Enyia told me, only to end up with rodent-infested schools, literally “rats and mice running around in classrooms. Those schools had to be closed and cleaned. This is what happens when you privatize services.”

Dark Clouds Gather On Horizon For Financial System, Warns International Monetary Fund

October 11, 2018 Staff, Jubileeusa.org Educate! Crisis, Finance and the Economy, IMF

Bali, Indonesia -The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia. The report finds that short-term risks to financial stability rose in the last 6 months. "The IMF is saying our economy is stable now, but there are some serious risks to stability on the horizon," noted Eric LeCompte who tracks IMF reports as the Executive Director of the religious development coalition Jubilee USA. "The IMF is also saying that inequality is on the rise and the global economic recovery is still not shared by everyone." This is the second major IMF report this week which raises concerns of pending financial crisis. On Tuesday, the IMF released its World Economic Outlook report.

«1 2 3 4 5 6 7 8 9 10 »

assetto corsa mods

Daily movement news and resources