Black lives will not matter until the economy does | Business & Economy | Al Jazeera

In the wake of George Floyd’s killing by police officers in the United States and the global movement for Black lives, there has been a resounding call to re-examine the relationship between society and state, particularly its use of violence. Yet a meaningful conversation is lacking in relation to one aspect of this failing social contract – the innate…

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Venezuela & ALBA Weekly 7.31.2020 New US Strategy against Venezuela; Cuba and Nicaragua Speeches; The Venezuela Economy and Class Relations

Redfish video: Hugo Chavez Speaks At The World Social Forum US War on Venezuela Orinoco Tribune: After 23 Years of Media Warfare Against Venezuela, the US Says it Will Start a Media War The genocide perpetretor Elliott Abrams (mastermind of massacres and attacks in El Salvador, Guatemala and Nicaragua) was in charge of delivering this “news” more than two…

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India Domestic Tourism Will Help Boost Economy

Mr. Prahlad Singh Patel, Minister of State for Tourism and Culture (IC), Government of India, said that the pandemic has deeply impacted the travel industry, and opening up of India domestic tourism will help in boosting the economy post COVID-19. The need is to have coordinated and concerted efforts from all stakeholders including the Government of India, state governments,…

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U.S. economy contracts 33% in record-shattering decline, revealing coronavirus toll

Washington • The U.S. economy plunged by a record-shattering 32.9% annual rate last quarter, and the coronavirus pandemic is still cutting a path of destruction, forcing millions out of work and shuttering businesses. The economy’s stunning contraction in the April-June quarter came as the viral outbreak pushed already struggling businesses to close for a second time in many parts…

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The Dow Jones Will Suffer in an Economy Without ‘Mouths or Noses’

The Dow Jones Industrial Average’s crown jewel reported earnings last night, and boy, was it a blowout. Apple stock is surging in pre-market trading – with good reason. Revenue smashed records and crushed estimates. Analysts are hiking their AAPL price targets left and right. Wedbush Securities raised its target to $475, gushing that Apple is on the verge of…

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US economy in biggest fall since the Great Depression

The US economy contracted at its steepest pace since the Great Depression in the second quarter as the Covid-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus. Gross domestic product (GDP)collapsed at a 32.9 per cent annualised rate last quarter, the deepest decline in output since…

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Unwelcome sea change: New research finds coastal flooding may cost up to 20% of global economy by 2100

Credit: CC0 Public Domain Over the past two weeks, storms pummeled the New South Wales coast have left beachfront homes at Wamberal on the verge of collapse. It’s stark proof of the risks climate change and sea level rise pose to coastal areas. Our new research published today puts a potential price on the future destruction. Coastal land affected…

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Dollar on course for worst month in decade as epidemic hobbles US economy

Confidence in the US currency was undermined further after Trump raised the possibility of delaying the nation’s November presidential election. The dollar slipped to two-year lows on Friday and is on track to post its biggest monthly decline in 10 years, as investors worried that a recovery in the US economy would be hampered by the country’s struggle to…

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“Insanely Stupid” To Chase Stocks As Economy Plunges? 07-31-20 – RIA

WEBINAR: Retirement Right Lane Workshop Register today for our most popular class covering everything you need to know about retirement, Medicare, Medicaid, Social Security, Roth conversions, RMD’s, investing, markets, and more.  WHEN: Saturday, August 8th, 9-11 am   Catch Up On What You Missed Last Week Stocks Hug The Bullish Trend As discussed previously in “The Cobra Effect,” we…

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