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China suspends work with Rockets over GM tweet
ESPN News Services • espn.com ↗︎
One tweet redirects millions (billions?) of dollars of capital.
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The duel is one of the most fascinating, and significant events, in corporate America. The investigator alleges that what appears to be a highly qualified team doesn't comprehend its own accounting, and fails to recognize that it's virtually insolvent––and may even be cooking the books––while GE claims that its attacker ...Read More
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New Australian Cash use restrictions and how they're going to affect the cryptocurrency industry
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Trump's bizarre Federal Reserve nomination
Desmond Lachman, Opinion Contributor, Desmond Lachman, Opinion Contributor • thehill.com ↗︎
How to Break the Economy in the United States
Normally a person would be in favor of either an easy monetary policy to stimulate the economy or a hard monetary policy to exert discipline on the government. Either way, one would not expect her to hold both views at the same time. Yet Ms. Shelton does exactly that.
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Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.
At the same time, overall taxes paid by individuals under the new tax law are up so far this year by 3 percent, thanks to higher wages and salaries, according to the Congressional Budget Office. Last year tax payments by individuals went up 4 percent. ...Read More
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Subway using inspections to intentionally seize franchises from a largely immigrant and family based group of franchisees, ruining them financially in the process.
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On Global Capitalist Crises: Systemic Changes and Challenges - Global Research
Dr. Jack Rasmus, Mohsen Abdelmoumen • globalresearch.ca ↗︎
"There are six major changes in the global capitalist economy since the 1970s that increase the potential fragility, instability, and the amplification and propagation rate of the fragility-instability events"
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Russian journalist Ivan Golunov has been detained for planted drugs - without reasonable access to a lawyer. All of his investigative journalism has been made publicly available under creative commons. link in article
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"Our reading of this special issue of the Journal of Industrial Ecology, leads us to conclude that there are two major gaps in the Circular Economy’s relevance for achieving global sustainability. It has not developed language or methods, or necessarily acknowledgement, of the need to shrink and slow material throughput… ...Read More
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This is a good article to read in conjunction with this one: https://www.bloomberg.com/news/articles/2019-05-22/economics-reinvents-itself-every-few-decades-it-s-happening-now
Seems like there might not be too much room to go back to the way things were before in case another recession hits. ...Read More
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“The tax cuts did almost nothing for ordinary Americans and may even have cost them money. The apparent gains in their income were negligible and short-lived. Wealthy Americans reaped the benefits of lower taxes and higher dividends. The cuts had a negligible effect on U.S. economic growth while depriving the ...Read More
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“Ford Motor said Monday that it is laying off about 7,000 managers and other salaried employees, about 10% of its white-collar workforce across the globe.”
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Trump declares some auto imports pose national security threat
David Shepardson6 Min Read • reuters.com ↗︎
“The unprecedented designation of foreign vehicles imported to the United States from some of its closest allies sparked anger from automakers, dealers and foreign governments after a White House document hinted it would seek voluntary export quotas on autos from U.S. trading partners.”
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“In each of the seven chapters of the draft trade deal, China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war: theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; ...Read More