|Wednesday, September 23, 2020

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Economy

The European Union promotes banking monopoly

The chips are moving again on the European banking board. The merger of CaixaBank and Bankia in Spain is emerging as a first step in the wave of bank mergers that Brussels and Frankfurt are so eager to do. The oligarchs that hold control over the banking system allege that crises are a great opportunity to form transnational financial groups that allow “diversifying risks and avoiding competition problems”. Except ...Read full article...

Why do US multinationals declare half of their European profit in Ireland?

American multinational companies report 52% of profits abroad through subsidiaries in countries with lax taxation or, directly, in tax havens. Large European economies have a huge tax sink in a handful of countries that prefer tax competition to cooperation between partners. In 2018, the last year for which figures are available, US multinationals declared almost half of their profits made in the EU through their Irish subsidiaries, thus taking ...Read full article...

The Carbon Neutral Label Scam

In recent times, various banking, transportation, and food companies, such as Starbucks, and others on the web such as Amazon, have claimed their space on the highest pedestal of environmentalism, declaring themselves carbon neutral. There are also brands of beverages and hygiene products, even public administrations that have a similar certifications. Europe has set itself to be carbon neutral by 2050. But what is being carbon neutral? What does ...Read full article...

Who will pay the cost of our self-inflicted covid crisis in Latin America?

The economic effects of covid-19 can greatly aggravate the situation 52 million people in Latin America, who could become members of the infamous club of impoverished people in the continent. They would join another 40 million people who would lose their jobs in the near future. Life for 53% of workers in the informal sector in Latin America, which is equivalent to about 140 million people will change drastically ...Read full article...

Covid-19 Universal Basic Income

The globalist post-covid plan is in full swing. The elite behind this plandemic does not waste any time in their effort to continue acquiring nation-states. The next step is the establishment of something known as a ‘universal basic income’, which would impose the “right” to receive a minimum wage dictated by globalists with the aim of justifying the perpetual state of confinement. Hundreds of millions of people each day ...Read full article...

The Left wants you confined, well-behaved and obedient

According to Richard Wolff, Capitalism is like a snake that eats its own tail. It is a self-destructing system that has always been at the service of elites. In a recent interview, the leftist author and graduate of some of the most important universities in the United States explained that he is not in favor of big government and that when it comes to inequality, the government is nothing ...Read full article...

Kiss globalization Goodbye

The era of partial or total dependency is over. The most important lesson the world has learned, and that nations will begin to put into practice, is that self-sufficiency is always paramount. The deserted streets will fill up again and we will leave our burrows illuminated by the light of the screens blinking with relief. But the world will be different from how we imagined it in what we ...Read full article...

Financial markets still under Coronavirus panic

The West has mobilized in just over a week the largest amount of resources that is remembered in peacetime. Governments, multilateral organizations and central banks have removed their heavy artillery. However, financial markets are still in panic mode. Why? Because investors only have eyes for medical advances in the fight against the coronavirus, trying to gauge the magnitude of the economic damage. At this stage, rescue packages are necessary ...Read full article...

Why is capitalism to blame?

The lack of equality, equity and even opportunity are all attributed to capitalism. The same happens when discussing gender inequality. Discussions among peers and relatives almost always end up blaming capitalism for it in addition to the so-called patriarchy. People who speak against capitalism, suggest that it must be reformed so that it can provide more of what they want: equality, equity and opportunity. Obviously, someone who wants to ...Read full article...

Socioeconomic conditions are vital for appropriate cognitive development

The higher the socioeconomic level of the parents, the more cognitive development children have. Much scientific literature supports this statement, always talking about averages, not concrete cases. What had not been addressed so much is how the status of the father and mother influences children’s cognitive development, separately. In a new study a group of researchers has published very revealing findings, with a fairly clear conclusion: while the mother’s ...Read full article...

Globalization, inequality, economic and social segregation

The agglomeration of human diversity was the one that accelerated the innovation process, inventions such as the alphabet, currency, pavement, the wheel and navigation. In cities, different people live in different places: it is called urban segregation. Segregation can occur for different reasons, such as ethnicity or lifestyles, but the newest and most important factor is economic. Everyone can see it in a large metropolis like New York City, ...Read full article...

KPMG reveals upcoming Big Tech alliances with Big Banks

Big Tech wants to obtain information on people’s payment habits. They have applied for licenses as payment entities in Europe, Mexico, the United States and India. More than a quarter of all financial institutions are already associating with one or more technology giants and an additional 27% indicate that they plan to forge these types of partnerships within the next 12 months, says a report from the consulting firm ...Read full article...

Data Science encourages critical thinking in teenagers

The benefits of integrating concepts of this field in secondary education and high school are already visible. If you follow our news reporting on a weekly basis, you may have noticed our interest in conveying the importance of data in advancing commercial enterprises and eroding privacy, among other issues. But data science is more than just collecting and processing information. Experts are now finding ways to use data science ...Read full article...

Global Economic Recession Peek-a-Boos

As stock markets seem to be soaring, especially in the United States, growth forecasts announce that the global economy will barely reach levels above recession. New gloomy expectations for the world’s economies were reported by the Organization for Cooperation and Economic Development (OCED). In a climate of growing commercial tension, lower private demand and investment weighed down by uncertainty, global growth will remain at 2.9% this year and ...Read full article...

Use technology to invest like a boss

Technology makes life easier, and when it comes to investing or saving your money, it can also make a difference. Reaching the end of the month with money in your bank account can be a challenge. But if you are a person who has already overcome such a challenge, you can now concentrate on what to do with what you save. Saving at the end of the month may ...Read full article...