Archive for the 'Economy' Category
Sweden and COVID-19: No Lockdowns, Low Deaths and Minimal Economic Damage
August 14th, 2020Via: ZeroHedge: In a column published Thursday, The Telegraph’s Allister Heath argued that Sweden’s success at fighting the virus while minimizing economic damage elucidates the depth of the British medical establishment’s incompetence, as it was Britain’s health experts whose advice PM Johnson assiduously followed.
Fed’s “Direct Money Transfers” Are Coming: Brainard Says Fed Collaborating With MIT On “Hypothetical” Digital Currency
August 14th, 2020Via: ZeroHedge: And while this idea may have seemed absolutely ludicrous as recently as just one year ago, the fact that the just as ludicrous Helicopter Money is now de facto policy means that direct deposits of cash by the Fed into individual accounts is becoming increasingly probable, the only thing missing is the “digital […]
VW Will Develop Battery Cells for Electric Cars in U.S.
August 14th, 2020Via: Electrek: Volkswagen announced plans to add electric vehicle engineering at its factory in Chattanooga, Tennessee. The German automaker mentioned plans to develop cells and battery packs at the US plant. The German automaker has been hard at work developing its next-generation electric cars based on its MEB platform. Much of the work happened in […]
Ron Paul: Coronavirus Is The New ‘Terrorism’
August 12th, 2020Via: Ron Paul Institute: House Speaker Nancy Pelosi has proposed the next multi-trillion dollar “coronavirus relief” spending bill that will support testing, tracing, treatment, isolation, and mask policies that have been part of a “national strategic plan” she has been advocating. The Trump administration is not opposing Pelosi’s plan on principle. Instead, it is haggling […]
U.S. Bankruptcies on Track for 10-Year High
August 11th, 2020Via: MarketWatch: U.S. bankruptcies are en route to a 10-year high with 424 companies filing as of August 9, according to S&P Global Market Intelligence. The group’s analysis took into account both public and private companies with public debt. The coronavirus has hit consumer companies hard, with more than 100 filing for bankruptcy…
Americans Are Growing Less Willing To Beg for Permission To Make a Living
August 11th, 2020Via: Reason: It appears that government-imposed restrictions on travel, business, and social contact don’t become more palatable with age. As the COVID-19 pandemic continues to simmer, the one competency that officials have consistently displayed is in tightening the screws, using the licenses and permissions they require as enforcement tools. For people tired of being bossed […]
Who Profits from the Beirut Blast?
August 11th, 2020Via: Lew Rockwell: Lebanon – boasting assets and real estate worth trillions of dollars – is a juicy peach for global finance vultures. To grab these assets at rock bottom prices, in the middle of the New Great Depression, is simply irresistible. In parallel, the IMF vulture would embark on full shakedown mode and finally […]
Australia Fast-Tracks Plan to Send Solar Power to Singapore
August 10th, 2020Via: Bloomberg: Australia granted “major project status” to an ambitious A$22 billion ($16 billion) plan to export power from a giant solar farm in the country’s north to Southeast Asia via undersea cable. The status recognizes the “strategic significance” of the project, which is expected to inject billions of dollars into the economy and create […]
Federal Reserve: 24x7x365 Interbank Settlement Service with Clearing Functionality to Support Instant Payments in the United States
August 10th, 2020Via: Federal Reserve: The Federal Reserve Board on Thursday announced details of the FedNow? Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States. … Based on ongoing stakeholder engagement, additional features and service enhancements will be introduced over time. The target launch date for the service […]
Trump: “This May be the Last Time You’ll See Me for a While”
August 8th, 2020This is a pretty weird one. Via: Summit News: Remarks made by President Trump during a speech have prompted speculation after he referred to having a lot of rich enemies and told the audience, “This may be the last time you’ll see me for a while.” The comments were made during an address Trump gave […]
