Reuters, By Todd Benson and Asher Levine, June 18
Sao Paolo – As many as 200,000 demonstrators marched through the streets of Brazil’s biggest cities on Monday in a swelling wave of protest tapping into widespread anger at poor public services, police violence and government corruption.
The marches, organized mostly through snowballing social media campaigns, [...]
I have an idea that might help ease the transition from the “Quantitative Easing” (QE) policy of the Fed over the past five years to a more free market oriented capital market. More after the break:
Here in the U.S., one thing is clear: The market is so accustomed to stimulus from QE that it [...]
Under HB 87, the emphasis of judges will be “Getting the case dispensed with as opposed to dispensing justice.” Ron Oppenheim, Esq. Florida
Senator Elizabeth Warren questions Richard M. Ashton, Deputy General Counsel, Federal Reserve Board about a FRB study on illegal foreclosures:
Senator Warren: “Will you be giving them the information that’s [...]
(This is encouraging. Florida’s HB 87 foreclosure bill (passed, not signed) is the latest chapter of ForeclosureGate. The Greens are one of the very few Florida activist organizations to attack the new law, which will accelerate foreclosures, remove people from their homes without a chance for a fair hearing, etc. etc. The Greens also cite [...]
New York Times, By Tim Arango & Clifford Krauss, June 2
Baghdad— Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.
China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling [...]
The top 1 per cent has seen its real income rise by more than 60 per cent over those two decades.
Alternet, By Eric Zuesse, May 28
The lead research economist at the World Bank, Branko Milanovic, will be reporting soon, in the journal Global Policy, the first calculation of global income-inequality, and he has [...]
(LA Times) – Moms are the top or sole breadwinner in 40% of households with kids in America, a record high rate, according to a new study.
The research by the Pew Research Center, released Wednesday, is based on an analysis of Census data. The rate of breadwinning moms has risen significantly from 1960 when [...]
(Bernie Sanders – OpEd News) – We can only dream
How did the conservative ideas of Friedrich Hayek and the Austrian school become our economic reality? By turning the market into the realm of great politics and morals.
The Nation, By Corey Robin, May 7
In the last half-century of American politics, conservatism has hardened around the defense of economic privilege and rule. Whether it’s [...]
I’m a second generation Chicagoan. Live on the north side and work on the west side. I was around in the 70′s as a hippy. What little of Marx I understood then I liked. So when governments are democratic l tend to prefer them especially, of course, over corporations. My standards for democracy [...]
“There’s no question we could make more money if we packed up and went to China like our competitors,” says Chad Braverman, 30, Doc Johnson’s COO, as we walk by the vein station, where workers with small, precise brushes apply spidery red and blue lines to the rubber shafts. Doc Johnson is not immune from [...]
Japanese stocks plunged by the most in 13 years on Thursday, as traders rushed to bank profits on worries that the US was poised to scale back its money printing programme and Chinese manufacturing data disappointed.
The Telegraph, By Szu Ping Chan, May 23
The Nikkei 225 index closed down 7.32pc – or 1,143.28 points [...]
Inside this rather boring if frightening story about the problems at hedge fund SAC Capital, lies this sentence (highlighted):
A legal deadline looms for prosecutors to bring a criminal case against Mr. Cohen related to charges against Mathew Martoma, a former SAC portfolio manager accused of illegally trading in the shares of two drug companies, [...]