Southwest Harbor, Maine (Special to Informed Comment) – Occasionally President Trump likes to play defender of the common man. The frequent attacks on NAFTA and the promise to replace it with a better trade deal are one instance. Recently the effort to build a bipartisan stimulus response to the deepening economic losses occasioned by the […]
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Banking
Bernie Sanders and the Poor Little Rich Boys: Why Billionaire Financiers are Bullying the Democratic Party
Southwest Harbor, Maine (Special to Informed Comment) – Quiet concerns about a possible Sanders victory became a loud and agitated freakout after the Senator’s resounding victory in Nevada. The anguish came from the financial hub of the centrist Democratic establishment. In an incoherent rant, for which he later apologized, Chris Matthews drew a confused and […]
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 […]
‘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, […]
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 […]
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 […]
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 […]
A coming Crash? Massive Bank deregulation and a Trump-appointed Fed: What could go Wrong?
Trump has appointed more members of the Fed board than any president since Woodrow Wilson
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 […]
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