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The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” […]
As the US Labor Department prepares to release its weekly jobless claims report on Thursday, economists project another 1.84 million Americans have filed for unemployment benefits in the week ending May 30. This is slightly less than the 2.12 million claims filed in the previous week. More than 40 million […]
David McAtee, Louisville business Owner, Killed By Authorities By Phillip M. Bailey and Darcy Costello, Louisville Courier Journal. June 3, 2020 David McAtee, Louisville business Owner, Killed By Authorities2020-06-032020-06-03https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/06/yayarussell-e1591211893924.jpg200px200px Above photo: West End business owner David McAtee was killed early Monday morning. Walt and Marshae Smith/westofninth.com. ‘My son didn’t hurt nobody.’ Louisville, KY – David […]
Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on onshore drilling may already be wearing off here and there where drilling is cheap, they may linger for longer offshore. Despite major […]
Safia Munye looks over the remains of her restaurant, Mama Safia’s Kitchen, on Saturday. It was destroyed last week during protests in Minneapolis. Jim Urquhart for NPR hide caption toggle caption Jim Urquhart for NPR Safia Munye looks over the remains of her restaurant, Mama Safia’s Kitchen, on Saturday. It […]
The leftist mob likely killed a business owner in Dallas tonight. A Dallas business owner attempted to save his shop tonight with a large sword. The leftist mob and Black Lives Matter stoned him, beat him with a skateboard, kicked him.The man was horribly beaten. TRENDING: BALTIMORE: Black Woman Punches […]
The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent them from rotting amid lack of demand. When the pandemic just began to infect counties one by one, people rushed […]
While revoking Hong Kong’s preferential treatment may be catastrophic for the city’s financial system, the move could also backfire on the US itself and even challenge the dollar, Boom Bust has learned. On Friday, US President Donald Trump said he would end the special trade relationship with Hong Kong and […]
The rioting went on late into the night Thursday in Minneapolis, stretching into early Friday morning with protesters stealing and torching several U.S. Postal Service vans to protest the death in police custody of George Floyd on Monday. Advertisement – story continues below The mob damaged or destroyed 130 businesses […]
More than four million Russian businesses saw their revenues falling by a third due to the coronavirus outbreak and measures to contain it, according to a report submitted to President Vladimir Putin. This is nearly 67 percent of the total of over six million small and medium-sized enterprises, large companies […]
Europe’s biggest economy, Germany, may decline by 9.3 percent in 2020, according to the worst-case scenario outlined by one of the country’s largest economic think tanks, the Ifo Institute. The Munich-based institute presented three possible scenarios in its latest economic forecast update on Thursday. Based on a survey conducted among […]
What inspired you to create this cocktail? “The inspiration came from wanting to create something that highlighted the smooth texture and fresh vegetal notes of Jose Cuervo® Tradicional® Plata Tequila, while keeping the cocktail simple and refreshing like a Margarita, but without the use of citrus.” When would you serve […]
The impact of the Covid-19 pandemic on the eurozone economy has been significant, according to the European Central Bank (ECB), increasing the underlying financial vulnerabilities of the euro area. The ECB’s May 2020 Financial Stability Review suggests that the euro governments’ vast fiscal response to the pandemic could raise questions over their […]
The Louisiana State Senate is about to consider a bill to regulate and license virtual currency businesses. Sponsored by state Rep. Mark Wright (R-77), HB701 sailed through the state House of Representatives with unanimous approval, and is being referred to the Senate Committee on Commerce, Consumer Protection and International Affairs. […]
The US Federal Reserve has said it plans to maintain low interest rates for the foreseeable future until it is confident the economy has weathered the consequences of Covid-19 and is in the process of recovery. RT’s Boom Bust spoke to former US congressman and author of ‘End the Fed’ […]
The Centre for Monitoring Indian Economy (CMIE) has said the unemployment rate in the country was 24 percent for the week ending May 17, remaining unchanged from the previous week’s figure. According to its report, however, the labor participation rate rose to 38.8 percent as industries started opening up gradually […]
Last week Illinois Democrat Governor J. B. Pritzker warned the people of Illinois the state in lockdown and businesses shut down until the end of May. He later told CNN the citizens of Illinois could be ordered to socially distance and wear masks indefinitely. Now Governor J.B. Pritzker warned small […]
The price of gold exchange-traded funds (ETFs) steadied on Tuesday at the equivalent of $1,733 per ounce after retreating on the news of a potential coronavirus vaccine by drug maker Moderna. Gold ETFs are not equal to physical gold, as they are simply securities backed by the commodity designed to […]
The United States has issued a new regulation aiming to limit chip exports to Chinese tech giant Huawei. The firm said its business will “inevitably be impacted” and that “survival is the key word” for the company at present. RT’s Boom Bust is joined by John Quelch, Dean of Miami […]
Chinese technology giant Huawei said on Monday that its business will “inevitably be impacted” by a new US regulation aiming to limit chip exports to the firm. It added that it “categorically opposes” Washington’s latest move. “The US is leveraging its own technological strengths to crush companies outside its own […]
While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer. At present, a total of 117 very large crude carriers (VLCCs) – […]
Natural gas producers could soon be about to fight out a battle for market share in which prices could fall to negative levels until some of them decide to curb output. Oil prices have staged an impressive recovery thanks to demand starting to bounce back as well as ongoing production […]
A leading global diamond producer, Russia’s ALROSA, is reporting that its sales were down tenfold in one month alone, as the impact of Covid-19 ripples through the global economy and supply chains. In April, ALROSA sold a total of just $15.6 million-worth of rough and polished diamonds. This is down […]