Investment banks such as Goldman Sachs, Bank of America, and J.P. Morgan, philanthropies such as the Rockefeller Foundation, politicians such as Chicago Mayor Rahm Emanuel and Massachusetts former governor and now Bain Capital Managing Director Deval Patrick, and elite universities such as Harvard have been aggressively promoting Pay for Success (also known as Social Impact Bonds) as a solution to …
Dr Ludwig Watzal – Hillary Clinton – A Specter Haunting The Entire World
The Democratic presidential candidate, Hillary Clinton, still gets high marks at least in Europe, compared to the Republican candidate Donald Trump, demonized by corporate media because of his outlandish remarks about Muslims, women, the wall with Mexico, and other bizarre statements he had made. Despite Trump’s crude political opinions, he has many followers among predominantly white Americans. He portrays himself …
BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers In Human History
Economists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system. A new note from Francisco Blanch at Bank of America Merrill Lynch, however, …
4 of the Most Commonly Prescribed Drugs That May Be a Lot More Risky Than Pharma Is Letting On
They are so common no one thinks twice about them: drug ads that tell you about a disease you might have, a pill that could treat it, and tell you to “ask your doctor” if the pill is right for you. Until 1997, such direct-to-consumer ads did not exist because without a doctor’s recommendation, how could people know if the …
Pam Martens – Exclusive Federal Reserve Videos and the Glass-Steagall Media Conspiracy
A funny thing happened in 2012 after Andrew Ross Sorkin, a financial writer at the New York Times, wrote his spectacularly false narrative telling readers that the repeal of Glass-Steagall Act had nothing to do with the crash because problem firms like Lehman Brothers, Merrill Lynch and AIG didn’t own insured commercial banks — which would have been prohibited under …
Wall Street Front Group Pleads for Government Help in New York Times OpEd By Pam Martens and Russ Martens
If you live outside of New York City, you’ve never heard of the Partnership for New York City. Even if you live inside New York City, unless you’re part of the black tie cocktail circuit, you’ve still never heard of the group. So when the New York Times gave a chunk of its opinion pages on Monday to Wylde as …
Psychologist studies the emotional disconnect between our present and future selves
A UCLA social psychologist has found that we think of future selves as different people, which could explain why many of us don’t save enough for retirement. So Merrill Lynch, for one, has launched a web feature which “ages” your photo as you ponder how much to save. Credit: iStock A UCLA social psychologist has found that we think of …