Economy - Part 11

Trump’s Infrastructure Plan Is Great, Unless You Want Actually Functioning Infrastructure
The plan’s private partnership model will pour public funds into corporate coffers. President Trump’s new plan just orders everything on the menu, leaves after a few bites, and sticks taxpayers with the bill. Not only does his 50-page plan offer no ne ...[Read more]
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Tax haven firms own 23,000 UK properties
A quarter of property in England and Wales owned by overseas firms is held by entities registered in the British Virgin Islands, BBC analysis has found. The Caribbean archipelago is the official home of companies that own 23,000 properties - more than any ...[Read more]
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Theresa May Plans Instant Split From Some EU Rules After Brexit
Prime Minister Theresa May is drawing up plans for an instant break from key European Union regulations after Brexit -- including some on financial services -- in a drive to exploit the upside of the divorce, according to senior U.K. officials. As part of ...[Read more]
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Latin America Mexico Rejects US Oil Sanctions on Venezuela
Mexican energy secretary Pedro Joaquin Coldwell said today that Mexico won't impose oil sanctions on Venezuela, because of the negative impact this would represent on the country's population and the Caribbean. This comes after US Secretary of State Rex T ...[Read more]
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The tax cut is a $6 billion gift to Exxon
The tax windfall helped Exxon's (XOM) net profits surge fivefold, the world's largest publicly traded oil company said on Friday. Excluding the tax bonanza, Exxon's results left Wall Street wanting more. Adjusted earnings unexpectedly declined and revenue ...[Read more]
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Why does it cost $32,093 just to give birth in America?
Stella Apo Osae-Twum and her husband did everything by the book. They went to a hospital covered by insurance, saw an obstetrician in their plan, but when her three sons – triplets – were born prematurely, bills started rolling in. The hospital charge ...[Read more]
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An ER visit, a $12,000 bill — and a health insurer that wouldn’t pay
Cloyd came in after a night of worsening fever and a increasing pain on the right side of her stomach. She called her mother, a former nurse, who thought it sounded like appendicitis and told Cloyd to go to the hospital immediately. The doctors in the eme ...[Read more]
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Inequality is not inevitable, but the Davos elites will not solve it
The absurdity of eight billionaires owning as much wealth as the poorest 50 per cent of the world’s population has only been overtaken by the news that the top 1 per cent managed to take 82 per cent of all global wealth created, while the bottom half o ...[Read more]
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China’s economic mastermind Liu He takes centre-stage at Davos
President Xi Jinping is not attending Davos this year – he sent China’s economic mastermind instead. And although Liu He is no stranger to the annual gathering of the world’s business and political elite, he has not previously been the one giving th ...[Read more]
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As Wealthiest Amass Another $1 Trillion in 2017, Calls for a Strike Back Against Oligarchy
As the gap between the world's richest and poorest people has widened to an extreme not seen since the Gilded Age, the 500 wealthiest people have gotten $1 trillion richer in 2017, according to Bloomberg's Billionaires Index. The richest people in the wor ...[Read more]
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Venezuela backs national cryptocurrency with 5,000,000,000 barrels of crude
“Here’s the document formalizing the provision of the certified Ayacucho oil field No.1 in the Orinoco Petroleum Belt for the support of El Petro cryptocurrency,” Maduro said on national TV. Maduro said the field’s “reserves amount to five billi ...[Read more]
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