With over $19 trillion under management and the largest political lobby in Washington, you would think the investment industry, comprised of global banks, investment firms, U.S. registered investment companies and the insurance industry, would have a vested interest in seeing that more Americans enjoy a financially comfortable retirement. But if
The news today that Larry Kudlow, a CNBC TV market commentator and ex-Bear Stearns economist, may be the next White House’s National Economic Council, (succeeding Gary Cohen who resigned) is another bad omen for individual citizens and investors. Kudlow is an unabashed and unquestioning advocate who pushes the prevailing neoliberal mantra
The stock market’s recent spike in extreme volatility produced reams of good explanations about its fundamental and technical causes, but it failed to address the permanent fundamental conflict that underlies the volatility: the possible shift in political-economic power between and the deep-rooted conflict between business and labor, Wall Street and
For a much-needed parody about the failure of corporate capitalism, check out this article in the Monthy Review. If you don’t think unregulated corporate capitalism has a lot of problems, how do you explain the sad fact that Trump became a billionaire? This is a very clever, much-needed light parody
“Trust me,” Trump said, “I’m, like, a smart person.” The unspoken and emerging realization is that President Donald Trump suffers from mental stability, specifically a “Narcissistic Personality Disorder.” While making any psychiatric diagnosis without actually having frequent meetings with a person is based on educated conjecture, it is not without precedent.
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As President Obama leaves office this month after two terms, people should rightfully assess his achievements, especially those related to financial reform after the largest recession since the Great Depression. But for those who take the time, Obama’s financial reform legacy is non-existent. He had a Democratic majority at the
In the past few years, the investment and banking industries have absorbed news that the world’s largest indexes—LIBOR, gold, silver and even the largest world market, foreign exchange—have all been victimized to various degrees by global banks and their traders who help set and also benefit from these same benchmarks.
A recent study conducted by Stanford University’s Graduate School of Education found that students could not differentiate between “fake” news, defined as sponsored content on web sites, from real news prepared by attributable journalistic sources and legitimate news outlets. Based on their study of over 7,800 middle school, high school
While the 2016 election is going to have serious ramifications for political journalism for years to come, it should also be noted that financial broadcast journalism is more reactionary and conservative than political journalism and is just as dangerous to average Americans. The reason is that broadcast financial journalists are