financial crisis

British PM Liz Truss Resigns After Six Chaotic Weeks – A Cautionary Warning To American Voters

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Reuters reports, Liz Truss quits after six chaotic weeks as UK prime minister: Liz Truss quit on Thursday after the shortest, most chaotic tenure of any British prime minister, forced out after her economic programme shattered the country’s reputation for financial stability and left many people poorer. UPDATE: Following Truss’ recent appointment as the prime … Read more

Republican Economic Agenda: Take The Country Hostage Over The Debt Ceiling And Blow Up The Global Economy

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“After refusing for months to divulge what they’d do if they regained control of Congress, Republicans have finally revealed some of their economic agenda.” Catherine Rampell writes, Republicans’ secret economic agenda? A global financial crisis. Unfortunately, it might involve causing a global financial crisis, based on recent interviews with some GOP congressmen. Poll after poll … Read more

Congress is not serious about the size and the scope of economic stimulus needed

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Above Photo: Unemployment line in the Great Depression. This would not be allowed today under the CDC guidelines for the coronavirus pandemic (not allowed to congregate in restaurants, six feet of spacing for social distancing). We are living in interesting times, as the old Chinese curse goes. In an unprecedented move in modern history, the … Read more

Wall Street: No confidence vote in ‘Dear Leader’ handling the coronavirus pandemic

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I have said before that someone needs to go to court and get a “gag order” to keep Donald Trump from tweeting or talking about the coronavirus pandemic. His attempts to politicize what should be an emergency medical response by the federal government has already cost people their lives. It is also wrecking the economy. … Read more