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Banking

Banking

Is the Fed’s Agenda a Threat to Trump’s Reelection?

(Special to Informed Comment) – President Trump recently reported on another one of those perfect conversations. Jerome Powell and he purportedly talked about interest rates and the importance of keeping them low to maintain a booming economy. Powell of course reported on no such conversation. In any case, however, the imagined conversation highlighted such issues […]

Banking

‘Slowbalization’: Is the Slowing Global Economy a Boon or Bane?

( Foreign Policy in Focus) – Some economists worry the world has passed “peak globalization.” But that could be good for the planet. By John Feffer, August 14, 2019. Print South Korea is now a rule-abiding participant in the global economy. If North Korea traded its nuclear weapons program for a peace treaty, security guarantees, […]

Banking

Not the Onion: Ivanka Trump in running for World Bank Head

WASHINGTON (Ma’an) — Former United States Ambassador to the United Nations, Nikki Haley, and US President Donald Trump’s daughter, Ivanka Trump, are reportedly among possible US candidates to replace the outgoing World Bank President Jim Yong Kim. Earlier this week, Jim Yong Kim announced he would be stepping down as the World Bank’s president three […]

Banking

Wall Street, Inequality and the Anger of the People

( Tomdispatch.com ) – As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around […]

Banking

The United States of Monopoly Rule

(Afterwords) – Five banks control half of all U.S. financial assets, and six conglomerates control 90 percent of our media. Monopolies aren’t merely un-American — they’re virulently anti-American. They suppress our fundamental values of fairness and opportunity for all. Our people have instinctively rebelled at monopoly avarice — from the Boston Tea Party to the […]

Banking

The Great Trump Bubble

Nomi Prins | ( Tomdispatch.com) | – – There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas from North Korea to Robert Mueller’s Russian investigation, while it already feels like ages since the celebratory mood […]

Banking

Treasury Sec. Mnuchin is just an Enforcer for the 0.1%

By Nomi Prins | ( Tomdispatch.com) | – – Treasury Secretary Steven Mnuchin doesn’t exactly come across as the guy you’d want in your corner in a playground tussle. In the Trump administration, he’s been more like the kid trying to cop favor with the school bully. That, at least, is the role he seems […]

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