Main Street

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

Speculators Are Buying Up Vacant Properties With Mixed Results For Cities

February 15, 2014

Bill Black: As private equity and investment firms purchase vacant properties, it’s leading to the restoration of homes and a decline in vacancy, but also causing a decline in tax revenue in some cities

Tapering of Quantitative Easing Is Throwing Emerging Markets into Chaos – And Big Banks Are Getting Richer

February 4, 2014

Despite no real economic recovery, the Fed is winding down quantitative easing, throwing developing countries’ economies into chaos