Month: September 2019

via seattletimes: As if highly paid Amazon employees needed another helping hand, some lenders are making it easier for the company’s new tech hires to qualify for home loans. Some mortgage originators now agree to consider Amazon employees’ potential future earnings from restricted stock units — which can make up the majority of their compensation package … Read more

by fairygame1028 On Aug. 30, the state’s Senate Appropriations Committee cleared Assembly Bill 5, moving it a crucial step closer to becoming state law. It is now widely expected the bill, known as AB5, will pass a full Senate vote before the legislative session ends Sept. 13 and be signed by governor Gavin Newsom. The bill would … Read more

global trade volumes 12mo % change haven't done this in a decade! and before that, the dot-com bust. pic.twitter.com/aZnB5ZgSs6 — Alastair (@StockBoardAsset) September 7, 2019 China's August exports unexpectedly shrink as U.S. shipments slump pic.twitter.com/t70W8V9zCd — Alastair (@StockBoardAsset) September 8, 2019 could plunging car sales suggest consumer sentiment is about to drop? pic.twitter.com/8q8hhrWIAm — Alastair … Read more

It's the liquidity, stupid! Stocks fell in Aug because global money supple fell by $1.4tn. Sep began very strong w/ a surge in global liquidity by $400bn. pic.twitter.com/T1p3IfYem5 — Holger Zschaepitz (@Schuldensuehner) September 8, 2019 QE already started.

via counterpunch: Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.   The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode we cover an economic or political issue … Read more

Washington (AFP) – Former Republican governor Mark Sanford announced Sunday he is entering the race for his party’s presidential nomination, in a long-shot challenge to President Donald Trump. Sanford, who would be the third Republican to mount a primary bid against Trump, said he had decided to run because of the “astounding” debt and deficits … Read more

Motor vehicle departments around the United States are taking drivers’ personal information and selling it to a range of businesses, including private investigators, generating millions of dollars in revenue, said a scathing new report. According to Motherboard, which obtained hundreds of pages of documents through public records requests, members of the public are likely not … Read more

Travelers can’t get enough of globe-trotting. But have they had enough of the United States? According to the World Tourism Organization, a United Nations agency, the number of international tourist arrivals around the world reached 1.4 billion last year. That represented a 6% increase, and the organization forecast the number to grow by another 3 … Read more

LONDON — For most of us, the older we get, the more we slow down physically. But for some, growing old also means slowing down socially — so much to the point that some home-bodied seniors go days with little to no human interaction. A new survey of British elders sheds light on this sad, but … Read more

WASHINGTON — Elizabeth Warren’s team doesn’t want to talk about Hillary Clinton, but that doesn’t mean the 2020 presidential candidate isn’t talking with her party’s 2016 nominee. The two women have kept a line of communication open since the Massachusetts senator decided to run for president — though only a conversation around the time of Warren’s … Read more

The costs of dodging negative interest rates. By Nick Corbishley, for WOLF STREET: In the event of a market shock, 40% of European funds focused on junk-rated bonds — ironically named “high-yield” funds — would not have enough liquid assets on hand to meet investor withdrawals, even if the withdrawals in one week amount to only 10% … Read more