Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. DRUG MAKERS COLLECT HUGE...
Tag: March 1 2022
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RISING COMMODITY PRICES EASE SOUTH AFRICA’S DEBT CRISIS
Rocketing prices for iron ore, platinum, and other resources for which South Africa is a key supplier will give the country an unplanned $12 billion that it will use to cut its budget deficit, finance minister Enoch Godongwana said in comments cited by the Financial Times. The windfall also will allow the country to reduce...
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BLACKSTONE ENDS NEW INVESTMENTS IN OIL AND GAS E&P
Blackstone Group, the world’s largest private equity firm with more than $900 billion under management, has told clients that it will no longer invest in, or lend to, ventures exploring for or producing oil and gas, people familiar told Bloomberg. The decision follows two years in which petroleum prices have ridden a rollercoaster of COVID-era...
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U.S. HOME PRICES RISE RECORD. MIDDLE CLASS DREAM DYING
Home prices rose a record 18.8 percent last year, according to the S&P CoreLogic Case-Shiller National Home Price Index, the fastest rate since the index was created in 1987. The index tracks average home prices in major metro areas across the U.S. The Federal Housing Finance Authority calculated a 17.6-percent increase in home prices through...
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FED GOVERNOR: RAISE RATES A HALF-POINT NOW
The U.S. Federal Reserve should raise its key interest rate a half-point when it meets this month, Christopher Waller, a U.S. Federal Reserve Bank governor, said in a 24 February speech at the University of California Santa Barbara. “We constantly say we have the tools to fight inflation,” he said, referring to the Fed’s policy...
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E.U. BANS RUSSIAN MEDIA OUTLETS TO SILENCE VOICES NOT SINGING THEIR TUNE
We saw it play out during the COVID-19 outbreak: Those who questioned vaccines, social-distancing rules, and the effectiveness of masks to prevent infection were blackballed by the media and ridiculed as right-wing nut jobs and conspiracy theorists. We’re now seeing the same knee-jerk reaction when it comes to the conflict in Ukraine after the European...
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HEY STUPID! PROPAGANDA NETWORKS WILL TELL YOU “WHAT YOU NEED TO KNOW ABOUT UKRAINE”
Global Presstitutes, media whores who put out for their corporate pimps and government whore masters have told the general public not to think for themselves and only swallow the crap that they are selling when it comes to the Ukraine War. We have detailed the outright propaganda how with their words, they demean the public’s...
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LUKASHENKO BLAMES THE WEST FOR PUSHING RUSSIA INTO A ‘THIRD WORLD WAR’
Alexander Lukashenko, the Belarusian president, blamed the West over its unified response against Russia’s military actions in Ukraine and said the crippling sanctions are backing Moscow into a corner that could spark WWIII. “Now there is a lot of talk against the banking sector,” he said. “Gas, oil, SWIFT. It’s worse than war. This is...
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CHINA CALLS FOR RESTRAINT IN UKRAINE, BLAMES WEST FOR CALAMITY
As the saying goes, “It’s the economy, stupid.” Not wanting to damage its trade relations and financial security, China is trying not to turn its back on Russia after the invasion of Ukraine, while also maintaining its diplomatic relationship with the West, which is a tough balancing act. One thing is certain: Beijing believes the...
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“EMPIRE OF LIES”: PUTIN RESPONDS TO WEST’S SANCTIONS
Yesterday, in response to the wave of new sanctions being imposed upon Russia by the United States and western nations following Russia’s military invasion of Ukraine, Russian President Vladimir Putin, condemned them as an “empire of lies”: “All [the US] satellites not only dutifully agree, sing along to its music, but also copy its behavior,...