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Is the H1-B Visa Battle Heating Up?: “Hire American” – Wall Street/Tech/GOPe Prepares for Battle…

”There are trillions of dollars at stake” … In addition to the content, pay close attention to the timing of policy delivery and the sequencing within the policy delivery. With the outline of the visa suspension as lead-in toward a security policy, President Trump is also now entering economic policy phase 2. It is all […]

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The Goldman Sachs Effect: How a Bank Conquered Washington by Nomi Prins…

Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished — but the people […]

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A $500B Pot of Gold: How Boston Consulting and Google Pushed Modi to End the Era of Cash…

Boston Consulting Group (BCG), the omnipresent US-consulting company, and Google, the global data miner, issued a joint report in July 2016 on the “$500 bn Pot of Gold”, which is the Indian digital payment market. Even though the authors deny it, the report gives much reason to suspect that the authors knew that something radical […]

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Is This “Big Mac” Vending Machine Going to Replace $15 Per Hour Fast Food Workers?…

Dear Bernie, as you continue in your never-ending “Fight for $15“, we thought you might benefit from a simple example of how economics work in a real life, functioning, capitalistic society. You see, Bernie, labor, much like your daily serving of crunchy granola, is just another “good” that businesses can choose to consume more or […]

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Mnuchin Doesn’t Support Auditing the Fed. Backs Independence…

U.S. Treasury Secretary nominee Steven Mnuchin isn’t jumping on the Republican bandwagon to audit the Fed. In written questions by senators following his confirmation hearing on Thursday, Mnuchin was asked about his thoughts on “politicizing decisions made by the Federal Reserve Board of Governors and the benefits of an independent central bank.”

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Dow Sets First Ever Close Above 20,000 as Trump Orders Send Stocks on a Tear…

Stocks rose on Tuesday, the first trading day of 2017, but closed off their session highs as oil prices gave back initial gains. “When oil started to slip and the dollar peaked, that’s when you saw stocks fall off a bit,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “I think, near term, […]

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Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017…

It’s time to talk about the balance sheet. Eight years after the Federal Reserve launched the first of three controversial bond-buying campaigns to help save the U.S. economy, its holdings are stuck at $4.5 trillion, and the question of when to let them shrink is beginning to simmer…

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When Their Shifts End, Uber Drivers Set Up Camp in Parking Lots Across the U.S….

The vast majority of Uber’s full-time drivers return home to their beds at the end of a day’s work. But all over the country, there are many who don’t. These drivers live near, but not in, expensive cities where they can tap higher fares, ferrying wealthier, white-collar workers to their jobs and out to dinner—but […]

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Citigroup’s Crime Spree Against Americans Continues With Slaps on the Wrist…

Yesterday, the Consumer Financial Protection Bureau (CFPB) charged two units of the Wall Street mega bank, Citigroup, with insidious fraudulent acts against homeowners while it imposed a modest $28.8 million in relief and penalties. The penalty portion of $7.4 million is meaningless because this is a bank that serially breaks the law, laughs at its […]

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Nobody ‘Stealing’ Your Jobs, You Spend to Much on Wars, Alibaba Tells U.S….

Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry…

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Judge Blocks Giant Health Insurance Merger…

A federal judge on Monday blocked the merger of two of the largest health insurers in the country on antitrust grounds. Judge John Bates of the U.S. District Court for the District of Columbia ruled that the merger of Aetna and Humana would unacceptably cut down competition in Medicare Advantage and in the ObamaCare marketplaces…

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U.S. Government Caught Massively Fabricating Student Loan Default Data…

The Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers. This also means that the number of loan defaults in various cohorts is far greater than previously revealed.

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