Tag: wall street
Sen. Bernie Sanders sent a message late Monday to the Wall Street banks that are temporarily pausing their financial contributions to political campaigns amid public outrage over the role Republican lawmakers played in inciting the violent attack on the U.S. Capitol last week #democracy
President-elect Joe Biden’s transition team in recent weeks has quietly brought aboard alumni of Wall Street titan Goldman Sachs, tech giants Google and Facebook, and notorious consulting firm McKinsey, heightening alarm among watchdog groups that have urged the incoming administration to steer clear of the corrupting influence of corporate America. #bidenharris
Goldman Sachs earned cautious praise from environmental advocacy groups Sunday after the bank announced it would not finance new Arctic oil drilling or exploration and ruled out funding new thermal coal mines and coal-fired power plant projects worldwide. #defundclimatechange
California Gov. Gavin Newsom on Wednesday signed into law historic legislation that would allow the state’s cities and counties to establish public banks as an alternative to private financial institutions, a move advocates hailed as a “stunning rebuke to the predatory Wall Street megabanks that crashed the global economy in 2007-08.” #privatebanks
Warning signs that the U.S. economy could be barreling toward a recession quickly became alarmed bells Wednesday after the Treasury bond yield curve—a key indicator that has preceded every major downturn over the past five decades—inverted for the first time since the Wall Street crash of 2007. #recession
In reality, the biggest divide in America today runs between oligarchy and democracy. When oligarchs fill the coffers of political candidates, they neuter democracy. #wealthinequality #governmentcorruption
Sen. Elizabeth Warren (D-Mass.), a Democratic presidential contender, unveiled a plan Thursday to restructure Puerto Rico’s debt, as the U.S. territory struggles to rebuild its economy.Under her proposal, territories like Puerto Rico would be allowed to “terminate” their debt under certain criteria like a natural disaster, major population loss, or if they are “staggering under overwhelming debt.”
In any major bull market for precious metals, the more volatile metal – silver – can be expected to post the bigger returns. Silver, being both a precious metal and an industrial metal, may also be well suited to benefit from Donald Trump’s pro-industrial policies. Silver is essential in many areas of manufacturing, especially electronic and high-tech products. Silver is also one of the world’s most enduring forms of money. Along with gold, silver stands as a “hard” alternative to depreciating fiat currencies and bubbly financial assets.
Digging deep into Hillary’s connections to Wall Street, Big Pharma and Big Oil, Abby Martin reveals how the Clinton’s multi-million-dollar political machine is funded and operates.
An anonymous source, an enormous cache of leaked documents, and a year-long investigative effort by around 400 journalists from more than 100 media organizations in over 80 countries have yielded the Panama Papers, an unprecedented look at how the world’s rich and powerful, from political leaders to celebrities to criminals, use tax havens to hide their wealth.
The unique brand of .01% terror: making a game of tax avoidance while 2,500,000 children experience homelessness.
Financial markets all over the planet crashed, trillions of dollars of global wealth was wiped out, and some of the largest economies in the world plunged into recession during the last six months of 2015. There is a fear thing might get even more dire in 2016, the author weighs in.
America has succumbed to an endless loop in which incredible affluence deciphers into political influence and power, which creates significantly more riches, and considerably more influence and power. The author thinks this vicious cycle must end in the 2016 election, here’s why.
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans. And its ongoing use of confidential corporate information is defrauding millions of middle-class investors. Yet most presidential aspirants don’t want to talk about taming the Street because Wall Street is one of their largest sources of campaign money.
