@BoomBustRT

Breaking down the day's financial and business news. https://xitter.cf/t.co/IoFsh7Xrnd

 Washington, DC
rt.com/shows/boom-bust/
Joined June 2017
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#ClimateStrike
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This week, Uber & Lyft unveiled their ballot initiative to undo historic worker protections in AB5. Despite the initiative's claims, we found that the initiative guarantees only $5.64 an hour: laborcenter.berkeley.edu/the…
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New in tech organizing: Workers at Tableau walked off the job this week over the company's ties to ICE after a year of internal organizing. I spoke to workers & dug thru federal records. Turns out DHS has spent millions on Tableau software in 2019 alone. vice.com/en_us/article/43k8m…
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U.S. farm bankruptcies in September surged 24% to the highest since 2011. bloomberg.com/news/articles/…

U.S. Farm Bankruptcies Surge 24% on Strain From Trump Trade War

U.S. farm bankruptcies in September surged 24% to the highest since 2011 amid strains from President Donald Trump’s trade war with China and a year of wild weather.

bloomberg.com
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RT Boom Bust retweeted
RT America@RT_America31 Oct 2019
Fed Slashes Rates & Consumer Safety in Crypto @BoomBustRT #QuestionMore youtu.be/RfJHjEkjIJI
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RT Boom Bust retweeted
RT UK@RTUKnews31 Oct 2019
Order! Today John Bercow (Speaker of the House of Commons) stands down after 10 years in the chair. Will you miss him?
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TFW you might agree w/ Thomas Friedman ... nytimes.com/2019/10/29/opini…

Opinion | Trump, Zuckerberg & Pals Are Breaking America (Published 2019)

Not in the Cold War, not during Vietnam, not during Watergate did I ever fear more for my country.

nytimes.com
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RT America@RT_America29 Oct 2019
Pacific Trade Outlook & Fed Cuts Imminent? @BoomBustRT #QuestionMore youtu.be/vwBM5ixipKw
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As US capitalism worsens inequality, needed public services - like firefighting when global warming whips us wildfires - get cut. So the rich buy private firefighting. Inequality bitterly divides society. #HowCapitalismWorks nyti.ms/2BQXPbA

While California Fires Rage, the Rich Hire Private Firefighters (Published 2019)

A small but growing number of wealthy people are hiring their own teams.

nytimes.com
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Ryan Grim
@ryangrim29 Oct 2019
But how will they pay for it
WSJ Central Banks
@WSJCentralBanks29 Oct 2019
The New York Fed added $104.483 billion in liquidity to financial markets to help keep short-term rates from being volatile on.wsj.com/2qPgWQQ
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Ryan Grim
@ryangrim29 Oct 2019
.@RepRichardNeal hosted a raucous birthday party for AIG (!) in the actual Ways and Means committee room politico.com/news/2019/10/28…

A decade after massive bailout, AIG celebrated on Capitol Hill

politico.com
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RT Boom Bust retweeted
Luke Savage
@LukewSavage29 Oct 2019
The Onion does better labour reporting than most newspapers theonion.com/chicago-promise…

Chicago Promises Teachers Union It Will Reduce Class Sizes By Sending More Students To Jail

theonion.com
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RT Boom Bust retweeted
Jacobin
@jacobin29 Oct 2019
World-renowned scholar Walden Bello on the financialization of the Chinese economy, the middle-class roots of far-right movements, and the urgent need for a radical alternative to capitalism’s crises. jacobinmag.com/2019/10/walde…

“We Have to Move to a Post-Capitalist System”

World-renowned scholar Walden Bello on the financialization of the Chinese economy, the middle-class roots of far-right movements, and the urgent need for a radical alternative to capitalism's crises.

jacobin.com
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RT Boom Bust retweeted
RT America@RT_America29 Oct 2019
Brexit’s New Breakthrough & FinTech Faces Uncertainty @BoomBustRT #QuestionMore youtu.be/XXjOG13x8VA
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Via @NACLA: Two Argentine politics experts break down Sunday's election, which ended the narrative of the Left's demise in Latin America as Kirchner returns to power. nacla.org/news/2019/10/28/ar…
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"Update 07/19/2019: This article has amended the glaring oversight that Jeffrey Epstein was convicted in 2008 for soliciting prostitution from an underage woman. Epstein has recently been rearrested on federal charges for sex trafficking. [...]" thenextweb.com/contributors/…
Zimbabwe central bank to introduce new dollar note and coins reut.rs/2Jy5Gij
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MarketWatch
@MarketWatch28 Oct 2019
For millennials, socialism and communism are hot, capitalism is not on.mktw.net/34iK0yT
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You hate to see it, folks ... 😳
Josh Eidelson@josheidelson28 Oct 2019
Exclusive: People who've worked for AFGE, the top US federal worker union, accuse President J. David Cox of sexual misconduct including licking a subordinate's ear & urging secretary to shower with him bloomberg.com/news/articles/… Cox will take leave of absence while AFGE investigates

President of Major U.S. Union Accused of Sexual Harassment

Ten people describe experiencing or witnessing inappropriate behavior by AFGE president J. David Cox. He denies the allegations.

bloomberg.com
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