Tag: wall street
Bernie Sanders and Elizabeth Warren both understand the key economic lesson at the heart of the classic holiday film. #banksters
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.”
“We need to ask the hard questions that the corporate media fails to ask: who owns America, and who has the political power? Why, in the richest country in the history of the world are so many Americans living in poverty? What are the forces that have caused the American middle class, once the envy of the world, to decline precipitously?” Sanders writes. “We need to hear from struggling Americans whose stories are rarely told in newspapers or television.”
The latest tax proposal from the Trump Administration would also eliminate the AMT and allow for the super wealthy to avoid paying any taxes at all.
“It is hard not to laugh,” Sanders said, “to see President Trump sitting alongside these Wall Street guys. This guy ran for the President of the United States saying, ‘I’m Donald Trump and I’m gonna take on Wall Street—these guys are getting away with murder…’ But suddenly he appoints all these billionaires; his major financial adviser comes from Goldman Sachs; and now he’s gonna dismantle legislation that protects consumers.”
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.
Bernie’s Plan To Bust Up the “Too Big To Fail” Banks Could Ensure the Safety Of the American Economy
Sanders knows how to bust up the big banks. He’s already introduced legislation to do just that. And even without new legislation a president has the power under the Dodd-Frank reform act to initiate such a breakup.
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.
