Day: October 8, 2019

What is PPP GDP? Or, Why China’s Economy is Larger than the US Economy

Ms. Cat

Tell Americans that China’s economy is #1, you will get incredulous looks. Show them the chart below, most will think it’s “fake news”! As the words on the left of the chart show, the graph is displaying “PPP GDP.” What the heck is that? After all, we know that the US GDP is about $20.5…
— Read on worldaffairs.blog/2019/01/19/what-is-ppp-gdp-or-why-chinas-economy-is-larger-than-the-us-economy/

Freddie Mac Using Shady AI Company for Mortgage Loans

Ms. Cat

Here’s what the Journal didn’t report: ZestFinance is currently entangled in a class action lawsuit for dodging state-imposed limits on exorbitant payday lending interest rates. This is at least its second time in court over these issues. The Journal also neglected to note how one of the company’s venture capital backers has direct ties to President Donald Trump’s American AI Initiative, which could allow taxpayer dollars to flow through ZestFinance back into his pocket.

Press coverage of ZestFinance has barely discussed these salient facts. That’s why the House Financial Services Committee needs to conduct an oversight hearing of the company’s new relationship with Freddie Mac.
— Read on prospect.org/power/freddie-mac-using-shady-ai-company-for-mortgage-loans-ZestFinance/