FCC Chair Nominee Has History Of Fighting His Own Agency
President Donald Trump has selected Ajit Pai, a Republican commissioner at the Federal Communications Commission and former Verizon lawyer, to serve as chairman of the regulatory agency, Politico reported Friday. Pai does not face an upcoming Senate confirmation hearing, as…
China Growth Slows, Bank Injects Record Liquidity
China growth. If there’s one thing you can bet on, it’s that Chinese policymakers are completely unpredictable. Last night the People’s Bank of China cut the reserve ratio requirement for some of the nation’s largest lenders by one percentage point…
China’s Capital Outflows: Only Just Beginning?
China’s capital outflows story dominated the headlines about the country for much of the past 12 months. The story won’t disappear from the headlines any time soon with Donald Trump taking office and China’s economy slowing estimations of capital flight…
The Blockchain Matters More than the President
It’s like clockwork. When the price of Bitcoin (the dollar exchange rate) goes up, my inbox lights up. “What is Bitcoin and how can I buy it?” Then the price goes down, and it’s radio silence again, but for people…
Let’s Talk About an Industry That’s Just as Corrupt as Wall Street and the Big Banks
It’s easy to criticize Wall Street, especially our financial sector, and I’ve spoken out against their corruption for years. However, a recent personal experience I’m currently dealing with has prompted me to write something on a corrupt industry I don’t…
Dow Jones Performs Better Under Democrats
The GOP has long been considered the party of Wall Street with the belief that the stock market performs better under Republicans than Democrats. The statistics, however, paint a much different picture. With only one full day left in office,…
Oregon Senator Drags Trump’s Pick for Treasury Secretary in Heated Hearing
Democratic members of the Senate have mostly tempered their criticism of Donald Trump’s ghoulish cabinet appointees, but their sense of restraint finally appears to be waning. Take Thursday’s confirmation hearing of Treasury Secretary nominee Steve Mnuchin, a former Goldman Sachs…
Whistleblowers – Heroes or traitors?
Snowden, Assange, Manning. A piece of art in Berlin representing the three famous whistleblowers is meant to encourage citizens to speak out. For some people these whistleblowers are heroes. For others, especially the US administration, they are traitors. Chelsea Manning…
White House: Trump Will Have to Choose US Intelligence or Russia
A White House spokesman says President-elect Donald Trump’s administration will have to choose whether to side with the U.S. intelligence community, or Russia and WikiLeaks. Josh Earnest was responding to a question about Russian President Vladimir Putin’s accusing President Barack…
#Endorse This: Steven Mnuchin Unmasked By Samantha Bee
Of all the unattractive and uninspiring figures nominated by Donald Trump to serve in his cabinet, designated Treasury Secretary Steven Mnuchin may be the most disreputable of them all – quite an achievement. A New Yorker from a liberal Democratic…