In the latest sign of the revolving door between the U.S. government and Wall Street, former Treasury Secretary Timothy Geithner has secured a personal line … Ex-Treasury Secretary Timothy Geithner Gets JPMorgan Credit Line for Private Equity FundRead more
Finance
Posted inEconomics / Finance / ToMl / USA Empire
The GameStop Boom
Over the last week of January, it was hard to miss the headlines: “Reddit vs Wall Street,” “Reddit Sparks Wall Street Crisis,” “The Reddit Traders … The GameStop BoomRead more
Posted inEconomics / Finance / ToMl
A free Central Bank account for all would be a good start for a revamped monetary system
Imagine that the Bank of England were to create a free bank account for everyone. Overnight, it would be far better placed to regulate the … A free Central Bank account for all would be a good start for a revamped monetary systemRead more
Posted inElectricity / Finance / News / Technology
Bitcoin consumes ‘more electricity than Argentina’
“Mining” for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions. Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year – … Bitcoin consumes ‘more electricity than Argentina’Read more
Posted inEconomics / Finance / Multimedia
Even Gordon Gekko now agrees that wall street is a fraud
[youtube https://www.youtube.com/watch?v=WDcaziUPK7M&rel=0&feature=relmfu] Robert Reich and Asher Edelman Greed? …. Problems of capitalism
Posted inFinance / Multimedia / Protest
Amateur investors hold the line against Wall Street fat cats
[youtube https://www.youtube.com/watch?v=vfIWgXi0UwE&rel=0&feature=relmfu] protest outside the Securities and Exchange Commission after online investing companies like Robinhood blocked trades in Gamestop to prevent retail investors from challenging … Amateur investors hold the line against Wall Street fat catsRead more
Posted inEconomics / Finance / Politics / ToMl
It is time to decolonise the World Bank and the IMF
Most people assume that inequality between the global South and the global North (the United States, Western Europe, Japan, Canada and Australia) has been declining … It is time to decolonise the World Bank and the IMFRead more
Posted inEconomics / Finance / ToMl
Why the Fed Needs Public Banks
The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated … Why the Fed Needs Public BanksRead more
Posted inFinance / ToMl
Who Holds the $1.65 Trillion of Apartment Building Debt
The mortgage for “2 Cooper Square,” a 15-story luxury apartment tower with 143 units in the NoHo neighborhood of Manhattan, is now over 30 days … Who Holds the $1.65 Trillion of Apartment Building DebtRead more
Posted inEconomics / Finance / Politics / Worker
If you can depreciate a currency what you’re really lowering is the price of labor
[youtube https://www.youtube.com/watch?v=N5ZHD9-zdkQ&rel=0&feature=relmfu] Michael Hudson For several months now. Argentines have been taking to the streets to protest against neoliberal austerity measures of President Mauricio Macri. … If you can depreciate a currency what you’re really lowering is the price of laborRead more