Millennials Wary Of The Stock Market
Millennials are wary of putting their money in the stock market, which could hurt their earning potential in the longrun. Only 33 percent of millennials said they own stock, compared with 51 percent of Gen Xers and 48 percent of…
‘Brexit’ raises fears of global currency wars
WASHINGTON — The quick rebound and relative calm in financial markets last week following Britain’s vote to leave the European Union were welcome relief to investors. Many surmised that markets were now looking past the so-called Brexit risks; some even…
Bad Trade Deals Continue To Screw Americans
TransCanada is suing the United States for $15 billion because we won’t let them build the Keystone XL pipeline. This lawsuit is being brought under NAFTA provisions, and bad trade deals like NAFTA and the TPP will continue to screw…
Access to Internet is a basic human right, the UN decides
The UN has ruled that from now on, Internet access will be counted as one of every human’s basic rights. This is stipulated in a freshly passed resolution for the “promotion, protection, and enjoyment of human rights on the internet.”…
A Look into the Future: The World Economic Forum’s Top Ten Technologies
At this year’s Annual Meeting of the New Champions, hosted by the World Economic Forum in Tianjin, China, the Meta-Council on Emerging Technologies choose the top ten technologies of 2016, based on their potential to transform industry and society. A…
TransCanada Files Lawsuit Against US Under NAFTA Rules Claiming Over $15 Billion In Damages For Keystone XL Rejection
The foreign oil firm TransCanada has filed a lawsuit against the US government under NAFTA rules seeking $15 billion in compensation for the rejection of the Keystone XL pipeline project. To put that in plain language, a foreign corporation is…
Panama Papers reveal yet another secretive aspect of hedge funds
NEW YORK — The kinds of secret offshore companies that have hidden political corruption and tax evasion around the world are often used by Wall Street’s biggest money makers — the $2 trillion hedge fund industry. The now-famous Panama Papers…
Big Coal Spent $95M On Lobbying Before Bankruptcy?
Bloomberg has an indictment for you: Five coal-mining companies spent $95 million to lobby U.S. lawmakers and more than half a billion dollars on salaries for top executives in the decade before they filed for bankruptcy, according to a report…
Brazil freezes $6 million in Facebook assets over noncompliance
Brazilian authorities recently froze roughly $6 million worth of Facebook’s assets after a subsidiary of the social network refused to provide investigators with encrypted messages. A federal court in the Brazilian state of Paraná agreed Thursday to put a hold…
Fed’s Unintended Impact On Income Inequality
Karen Shaw Petrou’s memorandum to the Federal Financial Analytics clients on the fed’s unintended impact on income inequality. TO: Federal Financial Analytics Clients FROM: Karen Shaw Petrou DATE: July 1, 2016 Fed’s Unintended Impact On Income Inequality All too often,…