Economy

Republicans Now Turn Their Attention to Deregulating Wall Street With Key Hearing Tuesday
realnews.today
With GOP tax plan moving ahead and the Obamacare fight in the rearview mirror, Republicans in Congress are setting their sights next on deregulating Wall Street. Ten Democrats have co-sponsored a bill that would deregulate Wall Street. That makes the GOP- ...[Read more]
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Student Loan Debt Is Now As Big as the U.S. Junk Market
realnews.today
U.S. student loan debt now equals the size of the $1.3 trillion U.S. high-yield corporate bond market, presenting investors with a whole different range of risks. “Delinquency rates on student loans are much higher than those on auto loans or mortgages, ...[Read more]
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Ryan pledges ‘entitlement reform’ in 2018
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House Speaker Paul Ryan (R-Wis.) on Wednesday said House Republicans will aim to cut spending on Medicare, Medicaid and welfare programs next year as a way to trim the federal deficit. “We’re going to have to get back next year at entitlement reform, ...[Read more]
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Why the UN is investigating extreme poverty in America, the world’s richest nation
realnews.today
The United Nations monitor on extreme poverty and human rights has embarked on a coast-to-coast tour of the US to hold the world’s richest nation – and its president – to account for the hardships endured by America’s most vulnerable citizens. The ...[Read more]
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America’s War on America
realnews.today
The vultures have started circling. In a sane world, legislation that adds $1.5 trillion to America’s debt (already over $20 trillion and rising by the second) would not be celebrated as “just what the country needs to get growing again.” Yet here w ...[Read more]
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Giant oil field discovered in China with over billion tons of reserves
realnews.today
“Nearly 1.24 billion tons of crude have been found so far with about 520 million tons of proven reserves,” officials at the state’s company subsidiary PetroChina told the media. The company stressed the discovery came after ten years of geological e ...[Read more]
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From The Caucasus To The Balkans, China’s Silk Roads Are Rising
realnews.today
With its focus on Central Asia and Eastern Europe, the Belt and Road Initiative can be seen as fulfilling a strategy of challenging the West that can be traced back to Mao... The 19th Chinese Communist Party Congress made it clear that the New Silk Roads ...[Read more]
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GOP eyes post-tax-cut changes to welfare, Medicare and Social Security
realnews.today
High-ranking Republicans are hinting that, after their tax overhaul, the party intends to look at cutting spending on welfare, entitlement programs such as Social Security and Medicare, and other parts of the social safety net. House Speaker Paul D. Ryan ...[Read more]
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Social mobility isnt enough – a Labour government would tackle inequality
realnews.today
“Britain is a deeply divided nation.” Thus begins the government’s own Social Mobility Commission report this week. The gap between the rich and everyone else is growing at an alarming rate. While the majority of people have had to endure pay cuts, ...[Read more]
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BRICS Gold Trading System Poised to Reduce US Dollar Dominance
realnews.today
First deputy chairman of Russia’s Central Bank – Sergey Shvetsov has recently announced that BRICS countries are mulling the creation of a unified gold trading system. And as David Gibson, Managing Director at GoldVu Investment Company, told Radio Spu ...[Read more]
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Monetary Imperialism
realnews.today
In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and €œforeign aid€ (defined simply as any government credit) depicts an almost utopian system uplifting all countries, ...[Read more]
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