Business > Market

FEMA Chief Nearly Got Fired as Hurricane Brewed

4 days ago   |   By

With Hurricane Florence rolling in, FEMA Administrator Brock Long was close to getting fired-and still could be, the Wall Street Journal reports. Investigators working for the Department of Homeland Security inspector general have already warned the White House about Long taking a caravan of federal workers on his trips...
Read more ...

 

Decade on from Wall Street crash, working stiffs are still getting screwed by the plutocrat's casino

Decade on from Wall Street crash, working stiffs are still getting screwed by the plutocrat's casino

4 days ago   |   By

Ten years after Lehman Brothers collapsed and the absurd lies of the multi-trillion-dollar “derivatives” market in which it played began to corrode the entire global economy, the most famous name of the financial crisis is still a happy phrase for some people.
It's still making them billions of dollars.
The vulture firms that zipped in to buy Lehman debts at rock-bottom prices after the investing house garroted itself in a massive, complex web of wagers on the deregulated housing finance marketplace are now seeing massive returns on their investments. Some $124 billion has gone to Lehman's...
Read more ...

 


Search by Tags

   Market      Finance      Economy      News      Financial Industry      Financial Regulation      Inequality      Wall Street  


Brett Kavanaugh isn't the first Supreme Court nominee to be accused of...

Brett Kavanaugh isn't the first Supreme Court nominee to be accused of sexual misconduct - here's what happened last time, and how it compares to now

Supreme Court nominee Brett Kavanaugh has been accused of sexual misconduct, and it's not the first time in American history this has happened. There are parallels between... Read more ...

31 Percent Of U.S. Households Have Trouble Paying Energy Bills

31 Percent Of U.S. Households Have Trouble Paying Energy Bills

A report released Wednesday by the Energy Information Administration announced that African Americans, Hispanics and people with children were most impacted. (Image credit... Read more ...

Trump asks about conditions in area near one of his golf courses while...

Trump asks about conditions in area near one of his golf courses while surveying Hurricane Florence damage in North Carolina

When President Donald Trump arrived in North Carolina on Wednesday to survey the damage from Hurricane Florence, he seemed to be particularly interested in the conditions near... Read more ...

Amazon reportedly considering 3,000 cashierless stores by 2021

Amazon reportedly considering 3,000 cashierless stores by 2021

Amazon is considering an expansion plan for its Go cashierless stores that would open 3,000 locations by 2021, a person familiar with the matter told Bloomberg. That seems like... Read more ...

Trump says it's 'very hard for me to imagine anything happened' between...

Trump says it's 'very hard for me to imagine anything happened' between Brett Kavanaugh and Christine Blasey Ford

President Donald Trump on Wednesday said he finds it "very hard" to believe "anything happened" between Supreme Court nominee Judge Brett Kavanaugh and Christine Blasey... Read more ...

'His trial balloon went over like the Hindenburg': Democrats are skeptical...

'His trial balloon went over like the Hindenburg': Democrats are skeptical of Michael Bloomberg's potential 2020 run

Michael Bloomberg, the former Republican mayor of New York, is considering a run for the presidency in 2020 as a centrist Democrat, despite an energized left wing and a crowded... Read more ...

Trump wants Spain to build a wall across the Sahara desert, which is in...

Trump wants Spain to build a wall across the Sahara desert, which is in Africa, to address the European migration crisis

President Donald Trump recently suggested to the Spanish government it should build a wall in the Sahara desert to address the migration crisis, according to Spain's foreign... Read more ...

Jack Ma said Trump's trade war with China will wreck Alibaba's plans to add...

Jack Ma said Trump's trade war with China will wreck Alibaba's plans to add 1 million US jobs

Alibaba chairman Jack Ma said that the US-China trade war will wreck the company's pledge to help create 1 million US jobs. The comment, made in an interview with Chinese media... Read more ...

North Carolina football players donate meal money to aid Hurricane Florence...

North Carolina football players donate meal money to aid Hurricane Florence victims

“I'm really proud of those guys for thinking that way," UNC athletic director Bubba Cunningham said Wednesday. Read more ...

Here's an evolving count of which senators are voting for Trump's Supreme...

Here's an evolving count of which senators are voting for Trump's Supreme Court pick

President Donald Trump nominated Brett Kavanaugh to serve on the Supreme Court. The Senate, tasked with the confirmation process, is split at 51 Republicans and 49... Read more ...