The climate crisis is our third world war. It needs a bold response

Advocates of the Green New Deal say there is great urgency in dealing with the climate crisis and highlight the scale and scope of what is required to combat it. They are right. They use the term “New Deal” to evoke the massive response by Franklin Delano Roosevelt and the United States government to the […]

Julian Assange Must Never Be Extradited

The second indictment of the Wikileaks co-founder seems designed to force the British to deny extradition. If not, it’s madness WikiLeaks founder Julian Assange today sits in the Belmarsh High Security prison in southeast London. Not just for his sake but for everyone’s, we now have to hope he’s never moved from there to America. […]

Professor who has correctly predicted 9 presidential elections says Trump will win in 2020 unless Democrats impeach

An American University professor who has correctly predicted the last nine presidential elections says President Trump will win the 2020 election unless congressional Democrats, “grow a spine,” CNN reported. Allan Lichtman, a political historian, said Democrats only have a shot at the White House if they begin impeachment proceedings against Trump, calling the decision both “constitutionally” […]

Britain risks heading to US levels of inequality, warns top economist

Sir Angus Deaton says UK is at risk of extreme inequality in pay, wealth and health. Rising inequality in Britain risks putting the country on the same path as the US to become one of the most unequal nations on earth, according to a Nobel-prize winning economist. Sir Angus Deaton is leading a landmark review of […]

Morgan Stanley’s S&P 500 Bear Unbowed After Admitting Bad Call

Morgan Stanley’s Mike Wilson acknowledges he made the wrong call on the U.S. equity market this year. But that hasn’t dissuaded him from holding onto one of Wall Street’s most bearish forecasts. With the S&P 500 Index at a record high after surging 17 percent this year, the firm’s chief U.S. equity strategist issued a […]

A law cracking down on LLCs used for tax evasion and money laundering, when?

The bill would require corporations and limited liability companies to tell the Treasury who really owns them. After bouncing around Congress for over a decade, a bill to crack down on anonymous shell companies used in money laundering and tax evasion may advance this year, having attracted support from some strange bedfellows, including banks, unions, […]

Hedge funds are losing clients and money

Hedge funds are losing clients and money as they continue to deliver returns far worse than the broader stock market. The big picture: Since the beginning of 2015, Americans’ total financial assets have grown by nearly $11 trillion, Federal Reserve data shows, and less than 1% of that gain has been in hedge funds. Aside from a […]

2020: Trump is amassing money while Democrats are taking potshots at each other

Between Donald Trump’s steady unpopularity and manifest unfitness for office, it’s easy to lose sight of the fact that he is likely to be re-elected. At least according to most electoral models, which find the president cruising toward victory by a “not-trivial margin,” pending some sort of economic catastrophe. Predicting the future is impossible, of course, and betting […]

Facebook’s Zuckerberg Calls for Global Internet Regulations

Facebook Inc. Chief Executive Officer Mark Zuckerberg called for new global regulations governing the internet on Saturday, recommending overarching rules on hateful and violent content, election integrity, privacy and data portability. In a statement that was also published as an op-ed in the Washington Post, Zuckerberg said the company is seeking regulations that would set baselines for prohibited […]