Backlink: NYPost Elon Musk evidently has a diabolical view of environmental, social and corporate governance – more commonly referred to as “ESG.” […]
Read More… from Elon Musk’s view of this investing strategy: ‘ESG is the devil’
Backlink: THE BL Chinese state policy advisors have raised the alarm over the country’s meager economic growth, warning that it would be a considerable risk. Yang Weimin is a deputy director of the economic committee of the Chinese People’s Political Consultative Conference (CPPCC), the top advisory body on governance. […]
Read More… from State economist warns Chinese government it’s sacrificing economic development
Backlink: SPECTATOR Alongside a rather defensive interest rate hike today, the Bank of England unveiled some alarming forecasts for economic growth. The BoE predicts the economy will be in ‘recession for a long period’ – until mid-2024 – with inflation peaking around 11 per cent. […]
Read More… from A two-year recession has begun, says the Bank of England
Backlink: THE EPOCH TIMES The war between states and banks over environmental, social, and governance (ESG) investing and similar practices has reached the doorstep of the U.N. A total of 19 state attorneys general have launched investigations of major financial institutions’ commitment to the U.N.-convened Net-Zero Banking Alliance. […]
Read More… from 19 States to Investigate Banks for ESG-Style Commitment to UN Alliance
Backlink: SPECTATOR As the investors who have hammered Credit Suisse move on to other targets such as Deutsche Bank, whose shares have also dropped, will negativity turn into self-fulfilling prophecy? Most chat on this theme is to be found on Twitter, the Reddit trading forums and sites such as Bitcoin.com – natural homes of […]
Read More… from Is Credit Suisse the tornado on the banking horizon?
Backlink: THE EPOCH TIMES The national debt of the United States has surpassed $31 trillion for the first time in history, according to Treasury Department data published on Oct. 4. Data showed that the total national debt was $31.123 trillion as of Oct. 3, after passing the $30 trillion mark just nine months ago in late January. […]
Read More… from US Debt Tops $31 Trillion for First Time Ever on Biden Admin Spending Spree
Backlink: VISIONTIMES As central banks across the world raised interest rates and doubled down on hawkish narratives that they were willing to do whatever it takes to bring down inflation caused by Coronavirus Disease 2019 (COVID-19) stimulus and quantitative easing at the end of September, the resulting turmoil appears to have spooked the United Nations. […]
Read More… from UN Warns Central Banks Must Quickly Pivot Away From Hawkish Policy
Backlink: SPECTATOR Afalling exchange rate and rising bond yields are the typical characteristics of a financial crisis in an emerging market. Those who never forgave the UK for its decision to leave the EU like to remind us of this fact right now. But an emerging market crisis doesn’t even begin to capture what […]
Read More… from Britain’s economic crisis is a warning to the world
Backlink: ALJAZEERA Optus chief executive Kelly Bayer Rosmarin says “sophisticated” actor was behind the cyberattack. Sensitive information about almost 10 million Australian telecoms subscribers may have been compromised by a substantial hack of the country’s second-largest provider, the firm Optus revealed Friday. […]
Read More… from Nearly 10 million Australians’ data possibly compromised in hack
Backlink: BREITBART President Joe Biden shrugged off the latest unexpectedly high inflation numbers on Tuesday even as they triggered a sudden plunge in the stock market. “I think we’re going to be fine,” Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day. […]
Backlink: VISIONTIMES As the American middle class has been rocked by 2022’s record inflation, the Governor of Pennsylvania wants to deploy the same solution that many argue got the country into its current mess: another round of helicopter drop financial stimulus checks. “I want to give Pennsylvanians the step up they need to survive […]
Read More… from PA Gov Renews Campaign to Solve Inflation Woes With Another $2,000 Stimmie
Backlink: VISIONTIMES Federal Reserve Chair Jerome Powell said on Friday (August 26) in remarks warning there is no quick cure for fast rising prices. “Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, […]
Link: VISIONTIMES British supermarket Iceland has introduced a — for the time being — interest free microcredit system for those having difficulties making ends meet, but critics warn of the potential downsides of the plan. The plan entails handing out a prepaid top-up card to cover the most dire grocery necessities with a small […]
Read More… from UK Supermarket Starts Issuing Microloans to Pay for Groceries
On August 19, the Beijing Health Insurance Bureau issued a notice on adjusting health insurance for urban workers. It stated: “From September 1, 2022, the insured amount in the personal account will be used for special purposes and the insured person is not free to withdraw money,” which confused people. An employee at the bank explained to reporters […]
Read More… from Insurance money cannot be withdrawn, people confront Bank of Beijing
