finance

Money talks; reviewing the global economy, government spending, taxes, and economic policy that affect our social and political future.

From Laughs to Legislation: A Comedian's Journey into Politics
Never in my wildest dreams did I imagine that I would willingly dive into the turbulent waters of politics. But here I am, Jack Mendel, a former stand-up comedian, trying to make sense of the world from behind the formidable desk of a small-town mayor.
By Evan Brown3 years ago in The Swamp
President Attacks Rather than Addresses Congress in First State of the Union
February 26th (Washington, D.C.) – A few short weeks after making a request to do so, the President was able to appear before a joint-session of Congress to give a State of the Union address. However, this was a speech unlike any given since becoming formally known by that name in 1947—which coincidently was the first time the speech was broadcast on television. The last President to have a State of the Union during their first year in office was John F. Kennedy—although his successor Lyndon B. Johnson had one after Kennedy was assassinated and Gerald Ford also had one when Richard Nixon resigned. However, according to a Congressional Research Service report (https://fas.org/sgp/crs/misc/R44770.pdf) on the history of the State of the Union:
By J.P. Prag3 years ago in The Swamp
BRICS BANK (NEW DEVELOPMENT BANK)
The eighth annual meeting of the BRICS New Development Bank (NDB) commenced in Shanghai on Tuesday, with Russian Finance Minister Anton Siluanov presenting its development plans. Established in 2014 by Brazil, Russia, India, China, and South Africa, the NDB started its operations a year later. Subsequently, Bangladesh, the United Arab Emirates, and Egypt joined the bank, and Uruguay is in the process of becoming a member. Saudi Arabia is also engaged in discussions to join the NDB, which would strengthen ties between the BRICS countries and the world's second-largest oil producer.
By Suganthan3 years ago in The Swamp
Artificial Intelligence in Customer Service.
Introduction: Artificial Intelligence (AI) has transformed various industries, and one area where its impact is particularly notable is customer service. By leveraging AI technologies, businesses are revolutionizing the way they interact with customers, providing efficient and personalized experiences. In this article, we explore the realm of AI in customer service, uncovering its benefits, real-life examples, and how it enhances the overall user experience. Join us as we delve into the world of AI-powered customer service and discover how it is reshaping the landscape of customer support.
By Ogunwusi Adedapo Kolawole3 years ago in The Swamp
Understanding Inflation Across America
Introduction: Inflation, a sustained increase in the general price level of goods and services over time, is a topic of paramount importance in economics and has far-reaching implications for individuals, businesses, and governments alike. As the wheels of the global economy turn, inflationary pressures often emerge, impacting purchasing power, investment decisions, and overall economic stability. In this comprehensive article, we delve into the intricacies of inflation, exploring its causes, effects, and potential strategies to mitigate its adverse consequences.
By walter Rodriguez3 years ago in The Swamp
Escalating Tensions: Chinese Warship's Unsafe Encounter with US Vessel in Taiwan Strait, as Russia's Actions Fail to Affect China's Taiwan Intentions
In a recent incident, a Chinese warship came dangerously close to colliding with a US vessel in the Taiwan Strait. On June 3, the USS Chung-Hoon (DDG 93) and the HMCS Montreal (FFH 336) were conducting a routine transit when the People's Liberation Army Navy (PLA(N)) LUYANG III DDG 132 (PRC LY 132) executed unsafe maneuvers near the USS Chung-Hoon. The Chinese warship violated maritime rules by getting as close as 150 yards (137 meters), prompting the US vessel to slow down and alter its course to avoid a collision. This incident follows another concerning event in late May when a Chinese J-16 fighter jet performed an unnecessarily aggressive maneuver while intercepting a US RC-135 aircraft over the South China Sea.
By M. A. Alam3 years ago in The Swamp
Rising espionage accusations and restrictions in China raise concern among international companies
Applause and music mark the beginning of the story that takes place at the end of March 2023. Hiroshiyama, a 50-year-old executive who worked for Estelas Pharma, a major pharmaceutical company in Japan, disappears on his last day in China after having worked there for 20 years. He soon finds out that he was detained by Chinese police and accused of espionage, thus becoming the 18th Japanese to be detained for this reason since 2015.
By GB3 years ago in The Swamp
Same president, same economic problems
Over the course of the past two decades, Recep Tayyip Erdogan's rise to power in Turkey has been accompanied by a striking devaluation of the country's currency, the lira. Shockingly, the lira has lost approximately 90% of its value against the US dollar during Erdogan's tenure. This drastic decline has had dire consequences, particularly in the form of rampant inflation, which has wreaked havoc on the Turkish economy.
By Ronit Batra3 years ago in The Swamp
The dominance of the dollar in the global financial system: Challenges and prospects for the future
The offensive against the dominance of the dollar has gained strength in recent times. Over the years, the end of the dollar as the international hegemonic currency has been repeatedly announced, but so far it has never materialized. However, this time things could be different. The dollar has been the foundation of the global financial and trading system since the Bretton Woods agreements in 1944, but more and more countries, especially dictatorships and emerging economies, are beginning to fear the consequences of relying heavily on this currency.
By GB3 years ago in The Swamp
Janet Yellen's Dismissal of Short Selling: Unearthing a Deeper Systemic Problem in Financial Markets. Top Story - May 2023.
As the CEO and Chairman of Creatd (OTCQB: VOCL) and a financial markets veteran of three decades, I was horrified as I watched Janet Yellen dismiss short-selling in an interview with CNBC’s Sara Eisen on ‘Closing Bell Overtime’.
By Jeremy Frommer3 years ago in The Swamp
A Journey to Financial Mastery: How Sarah Found Wealth and Security
A young woman by the name of Sarah lived in the bustling city of Prosperville once. Sarah, like many others, desired financial independence and prosperity in the future. Not set in stone to transform her fantasies into the real world, she set out on an excursion to dominate individual budget and venture techniques.
By Ahmed3 years ago in The Swamp
SEC Charges Cryptocurrency Exchanges with Fraud: Shedding Light on Market Manipulation
In a recent development, the U.S. Securities and Exchange Commission (SEC) has charged several cryptocurrency exchanges with fraud, sending shockwaves through the digital currency industry. The charges bring to light the need for increased regulation and oversight in the rapidly expanding world of cryptocurrencies.
By Plantera Digital Media 3 years ago in The Swamp