Monday, Sep 28, 2020
Land of the wanderers
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Congratulations to the Astronauts that left Earth today. Good choice
Quote of the Day
Either write something worth reading or do something worth writing.
Bank of England policymaker defends negative rates
A Bank of England (BoE) policymaker has defended the potential use of negative interest rates, which could take the cost of borrowing below zero.
Blaming China’s investments for Barbados ditching Queen is Sinophobia. What stopped UK from developing its former colony?
The decision by Barbados to axe the British monarch as titular head of state has unleashed anti-China paranoia claiming malign influence from Beijing. This is the poverty of Col...
Failing the poor Covid-19 has reversed years of gains in the war on poverty
This coronavirus affects everyone, but not equally. The young often shrug off the virus; the old often die of it. The rich shrug off the economic shock; the poor cannot.
"This Virus Has A Big Trick": Why COVID-19 Is Life-Threatening For Some
Increasing evidence suggests that some Covid-19 patients get very ill because of an impaired interferon response.
Two Million Virus Deaths "Likely" Without Collective Action: WHO
As the one million death count looms in a pandemic that has surged around the planet, the WHO said the prospect of another million deaths was not unimaginable.
JPMorgan Is Set to Pay $1 Billion in Record Spoofing Penalty
JPMorgan Chase & Co. is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury secur...
Vatican and China prepare to renew historic deal, angering US
Pope Francis has reportedly approved a two-year renewal of the deal on the appointment of bishops vetted by the Vatican.
Wells Fargo CEO, “the unfortunate reality is that there is a very limited pool of black talent to recruit from”
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo.
One of the world's 'dodgiest addresses', in leafy Herts, UK
Leaked banking documents have given a glimpse into international money-laundering. They show that it happens in some unlikely places.
All passengers on Epstein flights to be named 'sparking panic among rich friends
The records of every flight made by Jeffrey Epstien’s private aircrafts over 21 years have been subpoenaed.
Sanctioned Putin associate ‘laundered millions’ through Barclays
One of Vladimir Putin's closest friends may have used Barclays Bank in London to launder money and dodge sanctions, leaked documents suggest.
Game of Laws: Compliance in the Age of Regulatory Proliferation
Even if the pace at which regulations are drafted seems to be slowing down, at least at the EU-level, regulations in general are still trending toward bullish proliferation. In ...
Companies House to tighten its checks
The UK government is to overhaul the system of checks for Britain’s register of companies after criticism that the database is too easily abused by money launderers and fraudsters.
HSBC shares fall to 25-year low as fears for China business grow
HSBC's shares plunged to historic lows on Monday as the bank was hit by new fears about its business in China and a report accusing it and other major lenders of failing to stop...
Capitalism isn't working anymore. Here's how the pandemic could change it forever
Capitalism is in crisis. The pandemic could change it forever, in favor of workers and those in greatest need.
“I Accept Pay Less Than My Worth Just To Get A Job": How The Gig Economy Screwed Over Millennials
After the recession, newly vulnerable workers were forced to take crappy jobs and a decade later, they’re still screwed. Read this excerpt from Can’t Even: How Millennials Becam...
Does The National Debt Matter? | What's Next For The U.S. Economy
With the national debt surging past $26 trillion, we asked top economists, analysts and policy makers why the deficit matters. Paul Krugman said the deficit doesn't matter too m...
A 90 years old Homeowner Nearly Loses Her House Because She Owed 6 Cents in Back Taxes (USA news, obviously)
A nearly 90-year-old woman who suffers from Alzheimer’s was close to losing her home after the nickel and penny she owed in taxes in 2019 accrued to more than $300 in “interest”.
Bahamas to launch its digital currency next month
The Central Bank of The Bahamas is said to be launching its sovereign digital currency, Sand Dollar, next month.
Here are some of the biggest revelations that came out of the leaked FinCEN reports
A BuzzFeed report revealed files showing JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught.
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