On Contact: Global Economic Machine December 6, 2020 On Contact: Global Economic Machine2020-12-062020-12-06https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/oncontact.png200px200px On the show this week, Chris Hedges talks to Fabian Scheidler about how the global economic machine came to dominate our lives, and with looming social upheavals caused by predatory capitalism, what can be done to blunt its destructive power. Fabian Scheidler is author of The End of the Megamachine: A Brief History […]
Economic
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The death of Bollywood actor Sushant Singh Rajput has been judged suspicious, prompting one of the biggest investigations in the Hindi film industry. The 34-year-old Bollywood star was found dead in his Mumbai flat on 14 June. The actor’s death led to a massive uproar, with the case being probed by three major agencies. A money laundering probe in Sushant Singh Rajput’s death case has led […]
The Nobel Prize gold medal during manufacture at the Swedish Mint. Each laureate receives the medal, which has the likeness of Alfred Nobel on its face. Markus Marcetic/Courtesy of Myntverket (Swedish Mint) hide caption toggle caption Markus Marcetic/Courtesy of Myntverket (Swedish Mint) The 2020 Nobel Memorial Prize in Economic Sciences was awarded to Paul Milgrom and Robert Wilson, both of Stanford University. The prize citation says […]
Why America’s Economic War On China Is Failing By Vijay Prashad and John Ross, Globetrotter. October 9, 2020 Why America’s Economic War On China Is Failing2020-10-092020-10-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/chinaus.png200px200px Above photo: From Industry Week. U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic […]
Since the outbreak of the COVID-19 pandemic India’s apex bank, the Reserve Bank of India, has infused liquidity worth $125 billion into the economy to stabilise financial markets. Central banks the world over have pumped $9 trillion into the global economy amid the pandemic. India’s apex bank RBI on Friday said the country’s economic growth, measured as Gross Domestic Product (GDP), is likely to contract […]
Spain Unveils Economic Recovery Plan Amid Pandemic By Barry Hatton, AP News. October 8, 2020 Spain Unveils Economic Recovery Plan Amid Pandemic2020-10-082020-10-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/spain-scaled-e1602178818661.jpeg200px200px Above photo: Paul White/AP. NOTE: The details of the plan matter but it is a positive sign to see money being invested in a green economy. – MF Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by […]
The next time you’re in the presence of someone who tries to tell you that Donald Trump is a political genius, I’d like you to grab the nearest copy of Men’s Hairstyles magazine and whack them upside the head. Maybe not too many people are saying that these days, as he’s clearly in the early stages of a ’roid-driven meltdown. But people have remarked many times […]
Despite retaining India’s credit rating at the lowest investment grade, ratings agency S&P Global warned that the Asian economy will face mounting deficit and debt levels in fiscal 2021 in the aftermath of the coronavirus crisis. In its forecast released earlier this week, S&P said it expects India’s debt-to-GDP ratio (the debt levels compared to gross domestic product) to surge over 17 percent from the previous […]
The founder and lead market strategist at NorthmanTrader explains how the Fed has boxed itself in and why our fundamental economic capacity fails to grow. Sven Henrich is the outspoken founder and lead market strategist at NorthmanTrader. Well known for his appearances on CNBC, CNN Business and MarketWatch, Sven is also the host of the Straight Talk podcast. In this conversation, he and NLW discuss: Source […]
Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. That’s according to Todd Buchholz, who served as the director of economic policy at the White House under President George H.W. Bush. He said as cited by the Economic Times that both US President […]
Work to begin soon on linking Iran power grid to Russia, Azerbaijan: Report …from PresssTV, Tehran [ Editor’s Note: I had known that Iran has been investing in electric generation, in what seemed far in excess of its projected domestic needs as a way to use its huge gas deposits to earn foreign revenue with long term electric exports. Despite the hostile Arab governments west of […]
Treasury Secretary Steven Mnuchin was optimistic about the economic rebound from the COVID-19-nduced slump. But Federal Reserve Chairman Jerome H. Powell credited the $2.2 trillion stimulus passed in March for the recovery, and warned things could get worse without a second package. US Treasury Secretary Steven Mnuchin has held out hope for a Congressional compromise on a second COVID-19 pandemic stimulus package. Speaking before the House Financial […]
Britain is holding another Black Pound Day, when consumers are encouraged to buy from black-owned businesses. RT learns more about the idea from the people behind it. Saturday marks the UK’s third Black Pound Day. It’s a grassroots campaign to encourage the public to give their custom to black-owned businesses for 24 hours. It falls on the first Saturday of every month and is the brainchild […]
One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve. Our main conversation is with Luke Gromen, founder of the Forest for the Trees consulting firm. In this conversation, we discuss: Source link
The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be “economically disastrous for our community.” Wesley Hitt/Getty Images hide caption toggle caption Wesley Hitt/Getty Images The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/middleeast/202008291080311516-uae-orders-cancellation-of-economic-boycott-against-israel-reports-say/ Tel Aviv and Abu Dhabi announced their plans to normalise their ties earlier this month, with the United Arab Emirates becoming the first Gulf state to establish relations with Israel. United Arab Emirates President Khalifa bin Zayed Al Nahyan has issued a decree allowing financial and commercial deals with Israel to be struck, the Emirates News Agency reported on […]
The greatest economic recovery in US and world history continues. The S&P 500 hit a new all-time high today after the President showcased his list of great accomplishments this past week. The stock markets have increased faster since March than any time in history. The previous record was between President Trump’s election win and February of this year. Today the S&P 500 hit another all-time high […]
Reforms Are Won When Social Movements Inflict Real Costs On The Economic Elite By Justin Vassallo, Truthout. August 24, 2020 Reforms Are Won When Social Movements Inflict Real Costs On The Economic Elite2020-08-242020-08-24https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/you-have-the-power-to-be-the-change-e1577647608266.jpg200px200px There’s a tendency in US progressive politics to focus on rehabilitating capitalism for working people. Elizabeth Warren’s campaign for president had the patina of an “anti-corruption” crusade, giving a populist spin to technocratic fixes that […]
The greatest economic recovery in US and world history continues. The S&P 500 hit a new all-time high today after great news on housing and manufacturing data. The stock markets have increased faster since March than any time in history. The previous record was between President Trump’s election win and February of this year. Forbes reports: Stocks finished higher on Friday, with the S&P 500 hitting […]
Trump Scuttles Economic Stimulus Negotiations By Jack Rasmus, Popular Resistance. August 8, 2020 Trump Scuttles Economic Stimulus Negotiations2020-08-082020-08-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/covidtalks-e1596890242609.jpg200px200px Above photo: Treasury Secretary Steven Mnuchin, center, and President Donald Trump’s Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on […]
After suffering its worst monthly fall in about a decade, the US currency has started August with a bounce. However, analysts predict further weakness in the greenback. “We expect the currency to be undermined by an ebbing of safe-haven flows, a reduction in the US rate advantage, and political uncertainty ahead of the November presidential election,” UBS analysts wrote last week. The ICE US Dollar Index, which […]
US GDP Collapses And Economic Rebound Fades August 4, 2020 US GDP Collapses And Economic Rebound Fades2020-08-042020-08-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/landt-e1596569763396.jpg200px200px Above photo: The Boston Lord & Taylor store placed Store Closing Sale signs in its windows as it declares bankruptcy. Michael Lisicky/JDB. This past week US economy collapsed in the 2nd quarter by 32.9% at annual rate and nearly 10% just for the April-June period. Never before in modern US […]
Racial And Ethnic Economic Inequality And The COVID-19 Pandemic By Thomas Hanna, Democracy Collaborative. August 4, 2020 Racial And Ethnic Economic Inequality And The COVID-19 Pandemic2020-08-042020-08-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/16x9_m-1.jpg200px200px Above photo: People wait in line for masks and food in Harlem in New York City in April. Bebeto Matthews/The Associated Press. The Democracy Collaborative prepared a report, created for the Healthcare Anchor Network, that looked at how racial and ethnic […]
A recap show on wealth inequality, stock markets and taking it back featuring Jill Carlson, Michael Krieger, Daniel Lacalle, George Gammon and more. Despite a huge variety of perspectives and experiences, one theme shown through in Breakdown conversations in July: the disparity between the stock market and the real economy and a growing unwillingness of people to accept their place in the order. This show features […]
Well, this is a no-brainer.President Donald Trump SURGED past Sleepy Joe in the latest monthly Democracy Institute/ Sunday Express poll on the economy.Trump polls at 48% and Joe Biden polls at 46% in their latest monthly poll. More importantly President Trump leads Joe Biden 48 percent to 43 percent in the swing states Florida, Iowa, Michigan, Minnesota, Pennsylvania and Wisconsin. ** President Trump presided over the […]
Relations between the United States and the Islamic Republic of Iran have become increasingly strained in recent years, following the 2018 withdrawal by the Trump administration from the 2015 joint agreement pledging a peaceful development of nuclear power. Iran’s Foreign Ministry said in a Sunday statement that it would introduce targeted sanctions on a member of the US-based Foundation for Defense of Democracies (FDD), as relations […]
From the size of a second round of stimulus to COVID-19 litigation to reshoring, last week previewed some key issues for the months to come. On this week’s edition of The Breakdown Weekly Recap, NLW argues the big story of the week was actually a set of smaller stories that preview the faultlines and economic debates likely to absorb us in the coming months. Disclosure The […]
The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. The historic decline marked a third consecutive quarter of negative growth in a worsening recession. France’s economy started shrinking in the last quarter of 2019, before the coronavirus pandemic hit Europe with full force. It continued to retreat […]
After a two-day closed-door meeting this week, the Federal Reserve issued a six-paragraph statement on Wednesday and held an hour-long press conference. None of that was news, of course, and neither was anything else emanating from the U.S. central bank, which announced no policy changes. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most […]
Imperialist Economic War Costs US Almost $200 Billion By Pasqualina Curcio, People’s Voice. July 29, 2020 Imperialist Economic War Costs US Almost $200 Billion2020-07-292020-07-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/venezuela-defend-the-homeland-indestructible-e1596040182366.jpg200px200px Above photo: Venezuela Defend the Homeland, Indestructible, from Peoples World. Quantifying each and every one of the effects of the war that imperialism has declared on the Venezuelan people is impossible. The attacks that Venezuelans have experienced since 1999 have not only been […]
White House economic adviser Larry Kudlow has said that more stimulus checks are coming, along with an extension of the current eviction moratorium. However, he was slammed for claiming that all is well with the US economy. The $1 trillion bill will include another round of stimulus checks – to the tune of $1,200 per person, Kudlow told CNN on Sunday. In addition, the relief bill […]
Suicide rates have spiked in Gaza since the outbreak of the pandemic which worsened an already unstable economic situation in the region. Suleiman Al Ajouri was just one of 35 young people who took their own lives in 2020 and a human rights activist says a future that curerntly offers few solutions is looking even bleaker. Gaza native Suleiman Al Ajouri was only 23 years old […]
The Breakdown Weekly Recap covers growing U.S.-China tensions, worsening job numbers and the next casual $1-$3 trillion in stimulus. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Cuba Defeated The Pandemic, Is Preparing To Face The Economic Crisis By Arleen Rodríguez Derivet, Resumen English. July 24, 2020 Cuba Defeated The Pandemic, Is Preparing To Face The Economic Crisis2020-07-242020-07-24https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/cuba.jpg200px200px Above photo: Ismael Francisco. Possibly no other country in the world has it worse when it comes to facing what Cuban President Miguel Díaz Canel has defined as the very challenging global economic scenario, after the impact of […]
The idea of a U.S. digital dollar is no longer a fringe novelty. Now, it may be a means to an end. The U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy conducted a hearing on “Winning the Economic Competition” between China and the U.S. on Wednesday. Once again, the idea of a Federal Reserve-administered central bank digital currency reared its head. Much of […]
The summit has continued for several days, unplanned, due to strong differences over a COVID-19 recovery fund and a long-term budget. The EU leaders have coordinated an economic recovery fund and a long-term financial plan at the summit in Brussels, EU Council president Charles Michel announced on Tuesday. The EU has agreed on a 750 billion euros economic recovery fund and a 1.074 trillion euros financial plan […]
https://cdn1.img.sputniknews.com/img/07e4/07/14/1079939464_0:0:3116:1753_1200x675_80_0_0_365cf8398936f69502270de73cf836ac.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/europe/202007201079939493-eu-leaders-resume-plenary-discussions-on-economic-recovery-fund/ BRUSSELS (Sputnik) – The EU leaders resumed plenary discussions at 9:30 pm local time (19:30 GMT) on Monday as the summit continued into an unplanned fourth day due to strong differences over a COVID-19 recovery fund and a long-term budget. “Good evening and welcome back to EUCO on MFF and Recovery Fund. @eucopresident has just started the plenary discussions […]
New Delhi (Sputnik): The Indian aviation sector is going through turbulent times in the wake of the pandemic, which has pushed numerous airlines to the brink of financial collapse. Several airlines have urged the government to provide short-term relief, including help to pay salaries for staff. Stating that measures such as salary cuts and cost-cutting policies were not enough to face the economic headwinds, India’s biggest […]
New Delhi (Sputnik): Indian Prime Minister Narendra Modi announced a $266 billion stimulus package on 12 May to help the economy and businesses get over the crisis posed by the COVID-19 pandemic. India’s banking regulator too has infused about $80 billion into financial markets in its efforts to deal with the fallout from the pandemic. With global financial agencies revising growth projections of the Indian economy […]
Besides having certain gaps, Joe Biden’s new “green” plan may deal a heavy blow to the US economy by stepping up spending, damaging vital industries and slapping taxes on businesses and the rich, some finance experts say. The presumptive US Democratic presidential nominee, Joe Biden, has rolled out a new $2 trillion green energy jobs and infrastructure plan that seeks to set the US economy “on an […]
Economic Collapse, Pandemic: There Is No Plan (For You) By Hamilton Nolan, In These Times. July 15, 2020 Economic Collapse, Pandemic: There Is No Plan (For You)2020-07-152020-07-15https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/people-sleeping-on-subway-car-e1594831271841.jpg200px200px Above photo: People sleeping on subway car, Photo by Jose Perez/Bauer-Griffin/GC Images. Unemployment, evictions, business failure, a pandemic and health crises are all here at once. The federal government doesn’t care. Consider the astounding confluence of social and economic crises that […]
…from SouthFront Saudi Arabia has become a hostage of its own military campaign in Yemen. The Kingdom suffers from both its own inability to achieve a military victory in the conflict and regular losses from the retaliatory actions of the Houthis. At the same time, the Saudi leadership has no opportunity to withdraw from the conflict and abandon its proxies there because this will undermine its […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007131079873009-trump-not-in-a-good-mood-about-china-economic-adviser-kudlow-says/ On 15 January, the US and China signed the Phase One deal of a broader trade agreement, marking a breakthrough in the longstanding trade war. However, in recent months Trump has repeatedly said he “no longer felt good” about the arrangement due to the spread of the coronavirus, which he blames on Beijing. Source link
President Trump’s oldest son also lashed out at the media as, according to him, they continue to take digs at his father to make him look bad while at the same time ignoring Biden’s history. Donald Trump Jr has criticised Democratic presidential candidate Joe Biden’s economic plan, dubbed “Build Back Better” and criticised his approach to China, saying that the US has to “deal tough” with […]
Hard as it is to believe that anyone could think Donald Trump could be better than Joe Biden at anything, from running the country to drinking from a glass of water, there are such people. And it was those people to whom Biden pitched his economic speech Thursday afternoon in Dunmore, Pennsylvania, outside of Scranton, where he famously grew up in the pre-Dunder Mifflin era. It […]
WASHINGTON (Sputnik) – US President Donald Trump signed an executive order on Thursday that enhances economic and educational opportunities for Hispanic Americans. “The executive order I will sign in a few moments will expand our efforts across all of federal government to deliver educational and economic opportunity for Hispanic Americans”, Trump said during remarks at the White House. “The executive order I will sign in a […]
Presumptive Democratic nominee Joe Biden ripped into President Donald Trump in an economic address to the nation on Thursday afternoon in battleground Pennsylvania, seeking to draw sharp, and at times, populist contrasts to the president. “Donald Trump may believe pitting Americans against Americans will benefit him,” Biden said in Dunmore, just outside of his hometown of Scranton. “I don’t.” “Donald Trump loves to talk… and talk… […]
Economic Justice Rally Pushes For City Level Reparations July 9, 2020 Economic Justice Rally Pushes For City Level Reparations2020-07-092020-07-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/saintpaulrecoveryactreparationsrally-1200×675-e1594311540874.png200px200px St. Paul, MN – After weeks of intense protests following the murder of George Floyd by police, Minnesota organizers are pushing legislative changes to bring forth justice for the Black community. One of those items is a bill that would distribute reparations for descendants of slaves in […]
The Impact Of The Economic War On Venezuela By Pasqualina Curcio, Resumen English. July 9, 2020 The Impact Of The Economic War On Venezuela2020-07-092020-07-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/z.jpg200px200px Above photo: Alejandro Cegarra. It would be impossible to count each and every one of the ways in which the war on Venezuela declared by imperialism has harmed the country. The aggressions that we, the Venezuelans, have experienced since 1999 have been not only economic; […]
Presumptive Democratic presidential nominee Joe Biden, here at a health care event in June, is rolling out a series of planks in his economic plan before the Democratic National Convention. Joshua Roberts/Getty Images hide caption toggle caption Joshua Roberts/Getty Images Presumptive Democratic presidential nominee Joe Biden, here at a health care event in June, is rolling out a series of planks in his economic plan before […]
Why The Third Quarter US Economic Rebound Will Falter By Jack Rasmus, Predicting the Global Economic Crisis. July 8, 2020 Why The Third Quarter US Economic Rebound Will Falter2020-07-082020-07-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/economic-collapse-from-return-of-kings.jpg200px200px Above photo: Economic Collapse from Return of Kings. The reopening of the US economy in June—and some states as early as May—has produced a modest economic ‘rebound’. But rebound is not to be confused with economic recovery. The current […]
John Kavanagh, a Republican member of the Arizona House of Representatives, who represents District 23, has spoken out on how the Covid-19 pandemic has affected the electoral chances of the GOP in the state as well as nationwide and has suggested that despite the pandemic-inflicted economic issues, President Trump still can win the upcoming election. Sputnik: Your primary is scheduled for the 4th of August. What […]
A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups. Our main discussion is with Daniel Lacalle. Daniel is chief economist at Tressis and is the author of numerous books including “Life in the Financial Markets,” “Escape from the Central Bank Trap” and his most recent, “Freedom or Equality.” He has been named one of the 100 […]
On Sunday, Iran’s president accused the country’s foreign enemies of mounting a “complicated psychological operation” targeting Iran’s currency, the rial, saying that the action was aimed at undermining the Islamic Republic’s move toward an economy that’s free of dependence on oil exports. A group of 120 lawmakers from Iran’s 290-member Islamic Consultative Assembly parliament have signed a motion to question President Hassan Rouhani over economic difficulties […]
The UK’s central bank has recently improved its assessment of the cumulative GDP loss in 2020 from 17 percent to 8 percent, as the easing of lockdown restrictions have driven up demand and economic activity. The Bank of England’s chief economist Andy Haldane has said that Britain is on track for a V-shaped economic recovery after a faster-than-expected rebound from the coronavirus slump. The UK economy […]
The European Union is preparing a new cryptocurrency regime that could include stricter requirements for “global stablecoin” projects such as Libra. The bloc’s lead economics minister, Valdis Dombrovskis – or to give him his full title, the European Union’s Executive Vice President of the European Commission for An Economy that Works for People – said Europe had to seize the opportunity to become one of the […]
The World Health Organisation (WHO) on 21 June reported the largest single-day increase in COVID-19 cases since the start of the pandemic, with over 183,000 new infections registered in the previous 24 hours, sparking market concerns and diminishing hopes for a swift global economic rebound. Markets on Monday responded to news of a surge in COVID-19 cases announced by the World Health Organisation, with gold prices […]
Act On Dr. King’s Call To Tackle Evils Of Racism, Economic Exploitation And War By Alice Slater, In-Depth News. June 16, 2020 Act On Dr. King’s Call To Tackle Evils Of Racism, Economic Exploitation And War2020-06-162020-06-16https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/06/martin-luther-king-jr.-from-cnn-e1592327720144.jpg200px200px Above photo: Martin Luther King, Jr. from CNN. The Stockholm International Peace Research Institute (SIPRI) just issued its 2020 Yearbook, reporting on developments in armaments, disarmament, and international security. In light of the drumbeat […]
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French President Emmanuel Macron has announced the next stage of easing coronavirus restrictions in a televised address, two weeks ahead of delayed local elections which do not look promising for his party. The president attempted to lighten the mood of his fellow citizens by telling them France enters the “Green Zone” – a lower state of alert over the epidemic – starting Monday. That means that […]
https://cdn1.img.sputniknews.com/img/107956/05/1079560550_0:0:3072:1728_1200x675_80_0_0_72beddc34d60c7c8eb5e2d2bb6392479.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202006091079560516-us-officially-fell-into-recession-in-february-amid-coronavirus-pandemic-economic-bureau-says/ WASHINGTON (Sputnik) – The National Bureau of Economic Research said in a report that the United States officially fell into a recession in February when the country began to feel the effects of the measures imposed to fight the novel coronavirus outbreak. “The Business Cycle Dating Committee has determined that a peak in monthly economic activity occurred in the […]
President Trump proposes changes to the National Environmental Policy Act in January. His latest executive order allows agencies to waive requirements of the bedrock law to speed up infrastructure projects. Evan Vucci/AP hide caption toggle caption Evan Vucci/AP President Trump proposes changes to the National Environmental Policy Act in January. His latest executive order allows agencies to waive requirements of the bedrock law to speed up […]
Last week, Minneapolis police officers killed a 46-year-old black man accused of buying cigarettes with a counterfeit $20 bill. Ongoing protests have erupted across the country, condemning police brutality and systemic racism. Part of this conversation – taking place on the streets, over the airwaves and in people’s homes – is that economic inequality is what separates black Americans from the rest of the nation. In […]
Bitcoin (BTC) was trading around $9,575 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. After Tuesday’s rapid 8% drop in less than five minutes on high sell volume, bitcoin’s prices have steadied. At 00:00 UTC on Wednesday, the world’s largest cryptocurrency by market capitalization was changing hands around $9,528 on spot exchanges like Coinbase. Ten hours later, […]
US 01:36 GMT 03.06.2020Get short URL In its 2020 annual report on international religious freedom, the United States Commission on International Religious Freedom (USCIRF) has claimed that several nations, including Russia, China, Iran and, for the first time, India, should be included in the list of so-called “countries of particular concern”. US President Donald Trump on Tuesday signed an executive order that directs the US State […]
Bilal Chaudhry, 16, picks up a dozen eggs to give to a person in a car during a free egg distribution in Cumru Township, PA. The distribution was held to help people during the COVID-19 outbreak. MediaNews Group via Getty Images hide caption toggle caption MediaNews Group via Getty Images Bilal Chaudhry, 16, picks up a dozen eggs to give to a person in a car […]
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. The hard thing about abundance is making a choice. We live in a time of the broadest set of economic, social and political thinking, available to all at any time. But when the world’s most important macroeconomic investor, Ray Dalio, publishes a […]
Racial Health And Economic Disparities Are Two Sides Of The Same Coin By Dedrick Asante-Muhammad and Sally Sim, Inequality. May 17, 2020 Racial Health And Economic Disparities Are Two Sides Of The Same Coin2020-05-172020-05-17https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/food-e1589728661339.jpg200px200px Above photo: Paul W. Gillespie/Capital Gazette. Covid-19 continues to aggravate deeply embedded inequalities. We need bold policy solutions aimed at bridging the racial wealth divide now more than ever. In Baltimore, like in the rest […]
Unemployed people wait outside the state Labor Bureau in New York City in 1933. The current economic crisis has drawn comparisons to the Great Depression, but experts say this downturn should be shorter. AP hide caption toggle caption AP Unemployed people wait outside the state Labor Bureau in New York City in 1933. The current economic crisis has drawn comparisons to the Great Depression, but experts […]
Pier Fries in Old Orchard Beach, Maine, was open and serving recently, but a few restaurants have announced they will close permanently. Fred Bever/Maine Public Radio hide caption toggle caption Fred Bever/Maine Public Radio Pier Fries in Old Orchard Beach, Maine, was open and serving recently, but a few restaurants have announced they will close permanently. Fred Bever/Maine Public Radio Maine has seen one of the […]
Top Shelf On Wednesday we learned less than a 1% of the total suspicious activity reports filed with the Financial Crimes Enforcement Network since 2013 were crypto-related. Speaking at a workshop on FATF’s Travel Rule, FinCEN Director Kenneth Blanco said the financial watchdog uses these reports to map out IP and wallet addresses that are linked to potential criminals. Other speakers pointed out such regulations may violate the Fourth Amendment, which protects against […]
World 01:55 GMT 15.05.2020Get short URL https://cdn1.img.sputniknews.com/img/107844/34/1078443423_0:138:2801:1713_1200x675_80_0_0_275db2ff462217232792c5e59d34ef65.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202005151079309153-pope-francis-donates-200000-to-scholarships-in-lebanon-amid-economic-crisis/ VATICAN CITY (Sputnik) – Pope Francis has decided to allocate $200,000 to support 400 scholarships in Lebanon, which has been facing an acute financial crisis, the Holy See said on Thursday in a press release. “As a tangible sign of his closeness, the Holy Father, through the Secretariat of State and the Congregation […]
Low-Balling The Unemployed In The 2020 Economic Collapse By Jack Rasmus, Predicting the Global Economic Crisis. May 12, 2020 Low-Balling The Unemployed In The 2020 Economic Collapse2020-05-122020-05-12https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/jobless-claims-arrow-up-e1589302151987.png200px200px Above photo: From Yahoo.com. This past Friday, May 8, the US Labor Dept. released its latest jobless figures. The official report was 20 million more unemployed and an unemployment rate of 14.7%. Both mainstream and progressive media reported the […]
Fox News Sunday anchor Chris Wallace pressed Treasury Secretary Steve Mnuchin on his overly optimistic outlook for the economy in the second half of the year, directly asking Mnuchin on Sunday if his “rosy predictions” were based more on the upcoming presidential election rather than reality. Discussing April’s devastating jobs report that saw the unemployment figure jumping up to nearly 15 percent, Wallace kicked off his […]
While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and about the Chinese government’s response to it. “Nobody, including Beijing, could have foreseen the depth and […]
Finland is one of the least-hit Nordic nations amid the ongoing pandemic, with 5,412 confirmed COVID-19 cases and 246 deaths; it has already started to lift the restrictions, but pundits predict a grim economic outlook. The coronavirus epidemic and the ensuing stern measures, including massive shutdowns and lockdowns, will have resounding economic repercussions, robbing Finland of decades of profits, Risto Murto, the CEO of Varma Mutual […]