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Elizabeth Warren's Plan to Break Wall Street's Stranglehold

Elizabeth Warren Medium
I am tired of big financial firms looting the economy to pad their own pockets while the rest of the economy suffers. I will stop the looting and make sure Wall Street serves the rest of the economy, rather than the other way around.

Trump's Trade War Could Make the Trump Recession a Reality

John Cassidy The New Yorker
The longer Donald Trump persists in his trade war, the greater the chances are of an outright slump developing. That is what the financial markets are telling us, also the implicit message from the Federal Reserve.

Trump's Trade War With China Is Waged to Make the Rich Richer

Dean Baker Truthout
Donald Trump seems determined to double down and keep pressing forward on his trade war with China. He promises more and higher tariffs, not realizing that U.S. consumers are the ones paying these taxes - not China's government or corporations.

Puerto Rico's New Fiscal Plan: Certain Pain, Uncertain Gain

Lara Merling Philadelphia Inquirer; CEPR
Puerto Rico was already in trouble after suffering a “lost decade” without economic growth after 2005, leading to a default on its public debt and mass migration from the island. That was before Hurricane Maria.

It’s Time to Crack Down on the Toys ‘R’ Us Vulture Capitalists

Winnie Wong and Michael Kink The Nation
Billionaire fund managers and their firms must pay for the damage they’ve caused. Toys “R” Us workers need immediate severance pay—if Bain and KKR were to forgo their predatory profits, each worker would receive about $15,000 in severance, a pittance for what in many cases is a lifetime of diligent

What Happens When Wall Street Becomes Your Landlord?

Negin Owliaei Inequality.org
eviction free zone banner Over the course of their research, they conducted more than 100 interviews with tenants who are essentially renting from Wall Street firms. The report tells the stories of absurd rent increases, dangerous failures in property management, and high eviction rates. And, as the authors note, lower income families and people of color are disproportionately affected by these practices.

Trump’s Financial Arsonists: The Next Financial Crisis -- Not If, But When

Nomi Prins Tom Dispatch
Written one week before the current Wall Street tumble, economist Nomi Prins writes: Watch out. Even in the seemingly best of times, neglecting Wall Street is a dangerous idea. With a rag-tag Trumpian crew of ex-bankers and Goldman Sachs alumni as the only watchdogs in town, it’s time to focus, because one thing is clear: Donald Trump’s economic team is in the process of making the financial system combustible again.
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