Archive for the 'Economy' Category
Banks Stand to Make $18 Billion in Paycheck Protection Program Processing Fees From CARES Act
July 15th, 2020The crooked middleman banker slop factor is beyond insane. But when plantation owners can just hold down the zero key on a computer to create trillions of dollars out of nothing… *meh* Via: The Intercept: Banks will make out with $18 billion in fees for processing small business Paycheck Protection Program relief loans during the […]
U.S. Units of Chinese Companies Got American Bailout Funds
July 15th, 2020Via: Bloomberg: Chinese companies including conglomerate HNA Group Co. and affiliates of a state-owned defense giant were among recipients of the billions of dollars in coronavirus-relief loans handed out by the U.S. government.
Mortgage Delinquencies Suddenly Soar at Record Pace
July 15th, 2020Via: Wolf Street: Transition from “Current” to 30-days past due: In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999. This was up from 0.7% in April last year. During the Housing Bust, this […]
Global Fertility Rates Crashing
July 15th, 2020Via: BBC: The world is ill-prepared for the global crash in children being born which is set to have a “jaw-dropping” impact on societies, say researchers. Falling fertility rates mean nearly every country could have shrinking populations by the end of the century. And 23 nations – including Spain and Japan – are expected to […]
Dr. Carrie Madej on COVID-19 Vaccines
July 15th, 2020Via: Dr. Carrie Madej: Backup: More: Will Genetically Modified Humans Be Patented?
Uyghurs for Sale: Global Corporations Using Uyghur Muslims as Forced Labour
July 15th, 2020Via: Australian Strategic Policy Institute: The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known […]
California Locks Down Again
July 13th, 2020Via: Los Angeles Times: California is largely closing again amid a spike in COVID-19 cases across the state, as Gov. Gavin Newsom announced statewide restrictions Monday to again halt all indoor dining and close bars, zoos and museums. At the same time, most counties, including Los Angeles, San Bernardino, Orange and Riverside, will be forced […]
Bank of England Debating Digital Currency Creation
July 13th, 2020Via: Bloomberg: “We are looking at the question of, should we create a Bank of England digital currency,” Bailey said Monday in a webinar event with students. “We’ll go on looking at it, as it does have huge implications on the nature of payments and society.” “I think in a few years time, we will […]
Africa to Become Testing Ground for “Trust Stamp” Vaccine Record and Payment System
July 13th, 2020Wow. You’ll love this one: “Wellness Pass.” Via: Mint Press: A biometric digital identity platform that “evolves just as you evolve” is set to be introduced in “low-income, remote communities” in West Africa thanks to a public-private partnership between the Bill Gates-backed GAVI vaccine alliance, Mastercard and the AI-powered “identity authentication” company, Trust Stamp. The […]
Federal Reserve’s $3 Trillion Virus Rescue Inflates Market Bubbles
July 13th, 2020Via: Reuters: The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets. The U.S. central bank has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from $4.2 trillion in February to $7 trillion today. […]
