- www.yahoo.com ‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.
- www.cnbc.com Mark Cuban turned 91% of his employees into millionaires when he sold a company for $5.7 billion
When Mark Cuban sells a company, he pays bonuses to employees who've worked for more than a year, he says — turning some of them into millionaires.
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What’s really happening in America’s economy (Trump and Biden spin aside)
www.cnn.com What’s really happening in America’s economy (Trump and Biden spin aside) | CNN BusinessThe US economy is giving off weird vibes right now.
- cepr.net Do We Need More People?
This is a line endlessly repeated in the media. Somehow, we face a terrible risk if people decide to have fewer kids. While this is the accepted wisdom in elite circles, there is remarkably little basis in reality for this view. The latest piece pressing this line was a column in the Washington Post...
- theconversation.com High interest rates aren’t going away anytime soon – a business economist explains why
The Federal Reserve doesn’t appear eager to cut rates.
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Why the US Debt Is Unsustainable and Is Destroying the Middle Class.
mises.org Why the US Debt Is Unsustainable and Is Destroying the Middle Class | Mises InstituteMore units of public debt mean weaker productive growth, higher taxes, and more inflation in the future. All three are manifestations of a slow-burn default.
- theconversation.com Huge housing costs make us slaves to our jobs and unsustainable growth. But there’s another way
This obsession with economic growth is destroying our planet. We must rethink private ownership of land – that’s where it all went wrong.
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Gen Z Doesn’t Have the Money to Move Out
www.fairobserver.com Gen Z Doesn't Have the Money to Move OutMore young adults are choosing to live with their parents than any time since the Great Depression, according to research co-authored by Wharton’s Susan Wachter.
- www.cnbc.com Two important events this week could determine the future of Fed rate policy
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts.
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World’s 5 Richest Men Have Added $14M to Their Wealth Every Hour Since 2020.
truthout.org World’s 5 Richest Men Have Added $14M to Their Wealth Every Hour Since 2020Elon Musk was the biggest winner of the last three years, multiplying his fortune by over seven times.
- traveltomorrow.com Airbus shares reach record high while Boeing loses $13 billion in market value - Travel Tomorrow
Boeing shares crashed at the opening of the market on Monday morning after a plug-in door flew out of a plane mid-air during an Alaska Airlines […]
- finance.yahoo.com Almost Half of Warren Buffett-led Berkshire Hathaway's $365 Billion Portfolio Is Invested in Only 1 Stock
This tech giant has made for a wonderful investment in recent years.
- www.bbc.com France warns people off Black Friday clothes deals
The French government has launched a campaign encouraging people not to buy new clothes during festive sales.
The French government has launched a campaign encouraging people not to buy new clothes in Black Friday sales.
The advert shows a man asking for advice in a shop before an assistant tells him not to buy anything, to help the planet and his finances.
- www.reuters.com ECB chief Lagarde admits her son lost crypto cash
No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost "almost all" of his investments in crypto assets, despite copious warnings.
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Binance CEO CZ Steps Down As Part Of $4 Billion Settlement | Bitcoinist.com
bitcoinist.com BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement | Bitcoinist.comBinance CEO Changpeng Zhao (CZ) is reportedly considering stepping down as Chair of the world's largest cryptocurrency exchange.
- www.cnn.com Microsoft stock hits all-time high after hiring former OpenAI CEO Sam Altman | CNN Business
Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation leg.
- lemmy.dbzer0.com 505 of 700 employees OpenAI tell the board to resign. - Divisions by zero
Source: https://twitter.com/karaswisher/status/1726599700961521762 [https://twitter.com/karaswisher/status/1726599700961521762]
- www.cryptopolitan.com Why BRICS currency would outshine the US dollar |
The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, is on the brink of introducing a new currency that could potentially rival the
- coingape.com Laws for Bank's Crypto Compliance Need Overhauling: ECB Chief
ECB Executive Andrea Enria said for proper crypto regulation to take foothold in the EU, some current provisions for banks needs adjustment
- www.euronews.com EU seeks to make 10-second instant bank payments a reality
A legal deal struck late Tuesday could put an end to long waits to transfer money across borders
- www.euronews.com UK minimum wage set to rise in 2024
Two million people will be affected by the increase. Full-time workers on the minimum wage will earn £1,000 (€1,153) more next year, says the Conservative Party.
- edition.cnn.com The European Central Bank raises interest rates to 4% | CNN Business
The European Central Bank hiked interest rates by a quarter of a percentage point to 4% Thursday, the highest level since the launch of the euro currency in 1999.
- www.dw.com Germany agrees corporate tax cuts to 'stimulate' economy – DW – 08/29/2023
Europe's largest economy has flatlined recently, showing no signs of recovery from a winter recession. The International Monetary Fund has predicted Germany will be the only major advanced economy to shrink in 2023.
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UBS targets cost cuts of $10 billion as it absorbs Credit Suisse
press.coop CNN :press: (@[email protected])Attached: 1 image UBS targets cost cuts of $10 billion as it absorbs Credit Suisse UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlier this year. #pres...
- www.investopedia.com EV Sales in Europe Surged More Than 50% in July From a Year Earlier
Electric vehicle (EV) sales in Europe surged more than 50% from a year ago in July, driven by rising demand, greater availability of parts, and easing supply chain constraints.
- www.bbc.com UK microchip giant Arm files to sell shares in US
Arm files papers to list in New York after opting against London, in a blow to the UK.
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Trader who predicted 2008 financial crisis bets $1.6bn on stock market crash by end of 2023
www.independent.co.uk Trader who predicted 2008 financial crisis bets $1.6bn on market crash by end of 2023Michael Burry, played by Christian Bale in the movie ‘The Big Short’, is putting his money on another financial disaster
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Why It's So Hard To Imagine Life After Capitalism
>here's a common expression, "it's easier to imagine the end of the world than the end of capitalism." When the current economic model is seen more as an immutable force of nature than a system created by humans in the recent past, it becomes much harder to imagine actually changing it into something better. Let's explore the idea of capitalist realism.
VIDEO on YT
VIDEO on Invidious
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SUSE to flip back into private ownership just two-and-a-bit years after listing
www.theregister.com SUSE to flip back into private ownershipBuyout offer is at €16 per share, compared to €30 at its 2021 IPO
- www.independent.ie Bank of Ireland warns money withdrawn during IT blunder will be debited as online services restored
Bank of Ireland’s mobile app and 365online services have been restored after a massive technology break-down allowed customers who have no money in their accounts to get access to funds.
- amp.theguardian.com Russia’s central bank hikes interest rates by 3.5 percentage points as rouble falls | Russia | The Guardian
Emergency decision is intended to halt slide after currency dropped to weakest point in almost 17 months
- www.euronews.com Russian Central Bank to hold extraordinary meeting as rouble tumbles
Russians are bracing for higher prices as the rouble falls against both the dollar and the euro.
- hellas.postsen.com From Athens, the ECB will announce the digital euro – How it will work
By Vassos Angeletou In Athens, the board of directors of the European Central Bank will meet on October 26 in order to announce its crucial decisions, not only for the interest rates of the euro, but also for a historic project in the history of the Eurozone – the digital euro. It has been known… Co...