Category Archives: Mainstream News

460 parents have been permanently separated from their children via deportation

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“Those parents may not be eligible to be reunified with their children, according to the filing, which grouped parents not in the U.S. as either potentially eligible or not eligible.  The filing also reported that 879 migrant parents have been successfully reunified with their children, up from 364 on Thursday. But 917 parents may not be eligible for reunification at all.”

Read more: https://www.nbcnews.com/news/investigations/over-460-migrants-separated-their-children-have-potentially-been-deported-n893886

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Trade war bailout: $12 billion in emergency aid for farmers hurt by tariffs

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“The aid will be facilitated by the Commodity Credit Corp, an agency set up during the Great Depression, and will not require congressional approval.”

Read more: https://www.cnbc.com/2018/07/24/trump-plans-to-give-billions-in-aid-to-farmers-hurt-by-tariffs-report.html

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Trump says ‘tariffs are the greatest!’ as Harley-Davidson offshores operations

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“The company has said the tariffs will add $30 million to $45 million to its expenses for the rest of the year, costs which Harley-Davidson has said it will absorb as it plans to move operations overseas.”

Read more: http://www.chicagotribune.com/business/ct-biz-trump-tariff-threats-20180724-story.html

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New Yorkers Trying to Flee Find Moving Isn’t So Easy

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“The states’ methods can be aggressive: Issuing subpoenas to pore through credit card statements, bank transactions or phone records to track a taxpayer’s location, and sending auditors to interview doormen or confirm doctors’ appointments.”

Read more: https://www.bloomberg.com/news/articles/2018-07-23/trapped-in-new-york-salt-cap-haters-find-moving-isn-t-that-easy

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It’s Adapt or Die in the New Saudi Economy

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“The stark contrast of failure and success is an increasingly familiar sight in the Saudi capital as the 86-year-old kingdom undergoes the biggest upheaval in its modern history to adopt a Western-style model of capitalism. Since the government trimmed subsidies and costs rose, the survival of businesses is being determined by different market forces.”

Read more: https://www.bloomberg.com/news/articles/2018-07-18/it-s-adapt-or-die-in-the-new-saudi-economy

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Curiously, Cuba substitutes private property for communism in its new constitution

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“The current draft omits a clause in the 1976 constitution on the ultimate aim of building a ‘communist society’, instead simply focusing on socialism.  ‘This does not mean we are renouncing our ideas,’ Esteban Lazo, president of the National Assembly, was quoted as saying by state-run media.  Cuba had simply moved into a different era following the fall of the Soviet Union, he added.”

Read more: https://www.aljazeera.com/news/2018/07/cuba-draft-constitution-omits-aim-building-communism-180722133339232.html

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Bottom 60 percent paying for the US boom by substituting debt for savings

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“A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past two years even as the their finances worsened – a break with a decades-old trend where the top 40 percent had primarily fueled consumption growth.”

Read more: https://www.reuters.com/article/us-usa-economy-consumers-insight/mortgage-groupon-and-card-debt-how-the-bottom-half-bolsters-u-s-economy-idUSKBN1KD0EM

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6 companies that are the most reliant on government contracts

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“What might be surprising is just how dependent some companies are on government spending for their existence.”

Read more: https://www.usatoday.com/story/money/business/2017/11/10/6-companies-that-are-the-most-reliant-on-government-contracts/107395784/

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What Venezuelan savers can teach everyone else

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“To Venezuelans such wisdom is essential, because when you are coping with hyperinflation, the long term is next week.”

Read more: https://www.economist.com/finance-and-economics/2018/07/21/what-venezuelan-savers-can-teach-everyone-else

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Sergey Brin says Google ‘failed to be on the bleeding edge’ of blockchain

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“Brin suggested that blockchain is within the wheelhouse of X, the company’s semi-secret research division.”

Read more: https://www.cnbc.com/2018/07/09/brin-says-google-failed-the-bleeding-edge-blockchain.html

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