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But if RobinHood was honest, they would be educating their clients about dull stuff, such as the benefits of a diversified stock and bond portfolio.
This article was updated on Jan. 25, 2022. Unethical investment websites have intentionally hyped crypto and SPAC scams to naive investors in exchange for ad money and it is creating unprecedented bubbles, market volatility, and big losses for naive investors. Thanks to click-bait business models, financial journalism has entered a new phase of…
Hedge fund managers get paid hundreds of millions in salaries even when their fund underperforms the S&P 500 Index. These huge salaries are possible because of the carried interest tax loophole. Abolish the loophole, correct hedge fund abuses.
The race is on among right-wing media personalities to capture Limbaugh’s audience. Watch for more hate speech as the predators go to any lengths to get the golden ticket to Limbaugh’s market share.
Millennials could be losing big when the bubbles burst.
The Republican Jewish Coalition gave over $100 million o Trump and his right-wing party. Now, they have to be held accountable.
GameStop traders think they will beat hedge funds by buying the stock, but closing the carried interest loophole is the best way to curtail predatory capitalism.
The death of Sheldon Adelson, 87, this week from complications related to non-Hodgkin’s lymphoma, marks the end of a milestone in the history of Jewish charitable history. Adelson was a contributor to both right-wing nationalistic causes in the U.S. and Israel, accompanied by extreme generosity to philanthropic institutions. There is no doubt that Adelson…
Among the world’s banks, the U.S. takes the top spot in the number of banks being fined for regulatory infractions and in the number of cases. That’s not a great case for regulation, especially when it is compared to other banks worldwide. According to a study by finbold.com, the world’s largest single fine was issued…
Here is a great video from former California Arnold Schwarzenegger on Trump, democracy and the ransacking of the capital by neo-Nazis. Pass it along. Too bad more Republicans don’t have the guts or brains to call Trump out as a failed human being.
Face it, the US Congress, the protection of the US Capitol building, and other historic federal structures were vandalized and jeopardized by the Tea Party Republicans, white supremacists, and Trump. The US spends $49.8 billion annually on Homeland Security. The domestic intelligence agencies spend millions more, but we don’t know because many of these allotments…
It’s no surprise that the Trump administration opened the floodgates to corrupt public officials and criminals to work inside his Republican administration. This corruption will be even worse if the American people are dumb enough to elect Trump for a second term in 2024. In Trump’s first term as president, there was no shortage of…
Rick Santelli, the fixed income specialist on CNBC may have another career as a Mussolini imitator. Based on this clip of CNBC’s Rick Santelli saying it is not appropriate to wear masks, he has mastered some of the same chest pumpings, crossed arms, and arrogant look that made Mussolini a great fascist dictator and memorable orator.
Everyone wants to be called a doctor, but not everyone wants to go to medical school. That seems to be part of the reason behind the public discussion about whether Jill Biden, the wife of President-elect Joe Biden should be called “doctor” even though she does not have a medical degree. Part of this dust-up…
Most TV financial reporters are biased in favor of corporations. Santelli’s anti-mask rant on CNBC shows his conspiracy bias. Santelli lost credibility with this display.
General Flynn is a traitor and should lose his generous pension. Taxpayers should not pay for a mental case like Flynn to preach sedition.
If you are a listed company and want to generate worldwide investor demand, it pays to have a powerful brand and be an American company. That’s the lesson from a new survey by invezz.com, a British investing website. Based on the number of online searches performed monthly, the firm ranked the stocks…
When the chairman of the NYSE is named in an insider trading scandal, it demands a full investigation by the investment industry.
This article is from the Monthly Review. “Dear Reader, we make this and other articles available for free online to serve those unable to afford or access the print edition of Monthly Review. If you read the magazine online and can afford a print subscription, we hope you will consider purchasing one. Please visit the MR…
If the Biden administration even thinks of appointing the chairman of JP Morgan Chase, Jamie Dimon, to a position in its cabinet, they should just admit they are working for US corporations. Top corporate CEOs are a reflection of their corporations. Dimon and JP Morgan Chase have to explain why they are getting fined so…
