Federal Reserve chair Jerome Powell is profit’s prophet and the corporate media are his cultish devotees, joining hands to sacrifice working people. In this cult, profit is sacrosanct.
Media Prescribe More ‘Pain’ for Workers as Inflation’s Only Cure
Category: Federal Reserve
Forget cannabis. Here are 2 banking provisions that did make the NDAA.
Forget cannabis. Here are 2 banking provisions that did make the NDAA.
Some banks have instituted policies making it easier for second-chance workers to get hired. JPMorgan Chase years ago removed all questions about criminal backgrounds from job applications and established a policy center to help former criminals find jobs.
It expanded its effort to help ex-offenders return to the workforce last year, partnering with nonprofits to connect people with arrest or conviction histories to in-demand jobs. CEO Jamie Dimon also agreed to co-chair the Second Chance Business Coalition encompassing 29 member companies.
The bank hired 4,300 people with criminal records last year, Nan Gibson, executive director for public policy and corporate responsibility at the JPMorgan Chase Policy Center, told American Banker. That’s more than double the bank’s 2,100 second-chance hires from 2020.
H/ T: Judge Napolitano
Related:
Biden calls on Congress to impose rail contract in a major assault on workers’ democratic rights
President Biden published a statement Monday night calling on Congress to intervene to block a national rail strike and impose a contract which tens of thousands of railroad workers voted down. A few hours later, outgoing Speaker Nancy Pelosi announced the House of Representatives would take up such a bill this week and send it to the Senate with the “hope that this necessary, strike-averting legislation will earn a strongly bipartisan vote…”
Biden calls on Congress to impose rail contract in a major assault on workers’ democratic rights
Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture
The fallout from the collapse of the crypto exchange FTX and its missing billions of dollars of customer funds has, finally, galvanized some members of Congress to push back against the swarms of crypto lobbyists whose activities are clearly impacting the safety and soundness of U.S. banks.
Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture
The Latest Digital Token Scheme from Hell: New York Fed Teams Up with Citigroup and Sullivan & Cromwell
Just two business days after the crypto exchange FTX filed for bankruptcy and headlines swirled around the world suggesting it had used its crypto token to perpetuate a massive fraud reminiscent of Madoff’s Ponzi scheme, the New York Fed thought this would be an ideal time to announce it was launching a digital token pilot with the serial fraudster, Citigroup. (See here for the unintelligible, jargonized version from the New York Fed; here for the decrypted translation from CoinDesk; and here for a sampling of Citigroup’s rap sheet.)
The Latest Digital Token Scheme from Hell: New York Fed Teams Up with Citigroup and Sullivan & Cromwell
Ask Prof Wolff: Fed Reserve Blames Inflation on Workers
Video via Democracy At Work
Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008
By Pam Martens and Russ Martens: October 27, 2022
At Fed Chair Jerome Powell’s press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:
Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008
Biden’s Foreign Policy Is Sinking the Congressional Dems—and Ukraine
The proxy war between the U.S. and Russia is devastating Ukraine, ironically in the name of saving Ukraine.
Biden’s Foreign Policy Is Sinking the Congressional Dems—and Ukraine
There Is No Such Thing As Wage-Driven Inflation
Few know the name of Walter Heller, one of the first Chairs of the Council of Economic Advisers, and an adviser to President Kennedy. In 1968, however, he was a giant in economics who published in all the top journals. Fresh from his years in the Kennedy White House, he was invited to debate the relative importance of fiscal and monetary policy with another giant in economics, Milton Friedman, in a small book published by W.W. Norton & Company. Rarely do such debates interest more than a few thousand individuals. This is an exception, as a decade later PBS invited Heller and Friedman to debate their views on inflation.
There Is No Such Thing As Wage-Driven Inflation
Related:
Debunking: “If You Raise The Minimum Wage, It Will Cause Inflation”
Is the cure for inflation worse than the disease?
The last year of inflation has disproportionately hurt low-income and nonwhite families — those with the least flexibility in their monthly budgets to absorb higher prices.
Is the cure for inflation worse than the disease?
Ms. Cat’s Chronicles 
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