financializer news A weblog highlighting financial topics making news in the international media.

argentines: Argentines are struggling in crisis in what was once one of the world's most prosperous nations, according to The Toronto Star. Consumer prices are soaring, unemployment is high and the Argentine peso has plunged, bringing back haunting memories of the country's economic meltdown in 2001 that pushed millions into poverty. At a barter market on the capital's outskirts, a woman tries to persuade another to exchange for her granddaughters' tiny shoes. In this Sept. 6 photo, people line up for a small meal outside a soup kitchen at a community center in the Villa 1-11-14 shantytown on the outskirts of Buenos Aires, Argentina. The city government gives us money for 440 rations a day, but we're being forced to prepare smaller portions so that we can cover 600 rations, said Cintia Garcia, who runs the soup kitchen.A series of events battered the economy. Natacha Pisarenko / The Associated Press A growing number of people arrive at the Happy Kids soup kitchen in the Villa 1-11-14 shantytown, where servers try to stretch out steaming pots of stew because many more than expected are lining up for food. (news.financializer.com). As reported in the news.

gas investments: But it also now includes the first nation to divest, Ireland, major cities including New York and key medical organisations, according to The Guardian. Major oil companies such as Shell have this year cited divestment as a material risk to its business. The sell-off of coal, oil and gas investments is led by the insurance industry, with 3tn of funds. Fossil fuel divestment began on US university campuses in 2011 but now spans 37 nations around the world. They also say fossil fuel companies are risky investments as global action on emissions gets tougher. Supporters of divestment say existing fossil fuel resources are already far greater than can be burned without causing catastrophic climate change and that exploring for and producing more fossil fuels is therefore morally wrong. (news.financializer.com). As reported in the news.

government hadn: Senior economist Marc Lee said that if the Canadian government hadn't bailed out' the Trans Mountain pipeline, Kinder Morgan investors may have seen losses, according to The Toronto Star. Jonathan Hayward / The Canadian Press But if the government hadn't stepped in, said Canadian Centre for Policy Alternatives senior economist Marc Lee, the ruling that the project failed to adequately consult with First Nations may have spelled major losses for investors. Investors in Kinder Morgan, the Texas-based company that agreed to sell the pipeline project to Canada, are set to rake in about 1.2 billion from the federal government's bailout, a payout that will be unaffected by the court decision. It's a reminder, he said, that investments in oil are susceptible to political movements including measures governments may take to put climate change at bay. Article Continued Below Read more Greens call for new made-in-B.C.' environmental assessment of Trans Mountain project Opinion Thomas Walkom Justin Trudeau's flawed climate-change plan takes another hit Opinion Chantal H bert Trans Mountain defeat threatens Justin Trudeau's re-election story But that may not always be the case, and in the meantime, investment portfolios that exclude fossil fuels don't seem to be at a disadvantage. react-empty 145 Vancouver-based Genus Capital last week reported that its fossil-fuel-free investment portfolio yielded annual returns about two points higher than its benchmark since 2013. Up until now, the investment community has basically been making the bet that we're not going to meet the Paris Accord, Lee said in an interview with the Star. (news.financializer.com). As reported in the news.

government members: Despite Prime Minister Scott Morrison on Tuesday arguing a candidate should be picked on merit, not gender, it is understood senior government members are working hard behind the scenes in Wentworth to ensure a woman prevails, according to Nine News Australia. The frontrunner to replace Malcolm Turnbull as the Liberal candidate in Wentworth, Andrew Bragg, has been offered a spot on the party's senate ticket in exchange for pulling out of the race. To improve your experience update it here News National Lib pressure for women amid polling drop9 36pm Sep 11, powerbrokers in Canberra are applying pressure for a woman to be pre-selected in the seat of Wentworth, with a safe spot on the party's Senate ticket traded to the front runner in exchange for his departure from the race. Mr Bragg also commissioned polling in the seat, which suggested a woman would be better placed to run in the by-election. Andrew Bragg. The poor polling for a male candidate, combined with pressure from Canberra and the senate sweetener were enough to convince Mr Bragg to walk. (news.financializer.com). As reported in the news.

kilograms: Police found suitcases stuffed with bundles of cash and drugs worth almost 500,000 when they raided a New Farm property on Monday, according to Nine News Australia. The drugs included more than 40 kilograms of cannabis, two kilograms of MDMA and about 300 grams of cocaine. To improve your experience update it here News National Drugs, 1.5m cash found in Brisbane home4 38am Sep 11, detectives targeting organised crime have seized more than 1.5 million in cash and a vast haul of drugs in a raid on a Brisbane home. A man and a woman will front court on Tuesday, charged over the haul. Detectives intercepted their car at Bowen Hills and allegedly found 10kg of cannabis in their car. A second man and a second woman were also nabbed a short time later when they fled the New Farm property. (news.financializer.com). As reported in the news.

network rail: Guardians of the Arches, a campaign group of more than 300 tenants, has already complained of rent rises imposed by Network Rail in the run-up to the sale, according to The Guardian. A spokesperson for the group said We continue to dispute whether selling off the whole estate in one job lot is the best way of supporting small businesses and the local economies which rely on them. The 1.46bn sale proceeds will help fund railway upgrades, Network Rail said, bringing major improvements for passengers and reducing the need for taxpayers to fund the railway . But the deal has sparked anxiety among tenants, which include independent shops, garages and craft breweries, amid concern that the new owners may impose unaffordable rents. Play Video 5 21 Death under the arches the businesses at risk due to rail sell-off - video The group had proposed alternatives such as local authorities buying smaller groups of arches. The shadow rail minister, Rachael Maskell, called on the transport secretary, Chris Grayling, to block the sale, which she said would undermine the financial sustainability of the railway and damage small and medium-sized enterprises across the country . The Society of Independent Brewers also voiced concern about the potential impact on brewers producing craft beer underneath the arches. It is now calling for an independent body to carry out an audit of leases included in the sale and publish information about rents and how they are set. (news.financializer.com). As reported in the news.

police: Maddie vanished while on holiday in 2007 with her family in Praia da Luz, a coastal town popular with Britons on the Algarve, according to Nine News Australia. London's Metropolitan Police purchased a total of five flights for two separate trips to Portugal, according to a Freedom of Information request lodged with Scotland Yard. To improve your experience update it here News World Madeleine McCann funding milestone looms, 11 years after girl vanishes By Mark Saunokonoko11 54am Sep 10, investigating the disappearance of Madeleine McCann travelled to Portugal twice last year, as they seek answers to a cold case which has baffled police. The five flights cost 2,254, with detectives spending a further 1,600 on accommodation and taxis, UK media reports. Operation Grange, which was set up in 2011 to review and investigate Madeleine's disappearance, is currently funded by the Home Office on a rolling six-month term. Madeleine Beth McCann was almost four years old when she was reported missing on a family holiday on Portugal's Algarve. (news.financializer.com). As reported in the news.

protection agency: The U.S. Environmental Protection agency accused Volkswagen in September 2015 of manipulating diesel emissions, sending the shares sharply lower, according to The Toronto Star. The first major German court case against Volkswagen over the dieselgate scandal that has shaken up the car industry gets under way, as investors pursue the world's largest automaker for billions in compensation. Investors are seeking almost 9 billion euros 10.4 billion saying Volkswagen didn't give them the information they needed to decide what to do with their shares before the scandal became public. RONNY HARTMANN / AFP/GETTY IMAGES The case opening Monday in front of the higher regional court in Braunschweig involves claims from investors that will serve as a model for further cases, the dpa news agency reported. The company says it met its duty to inform investors in time. The model case involves claims of 4 billion euros from Deka Investments and other shareholders. (news.financializer.com). As reported in the news.

shover dollar: Source Bloomberg RELATED ARTICLESOil Jumps as Industry Report Shows Biggest Crude Draw Since July More From Futures In Focus01 51How Hurricane Florence Is Moving Commodities22 hours ago02 20Commodities Recap The Week in Oil and Gold02 45Bitcoin Suffers Severe Blow to Legitimacy Says Shover02 27Dollar Poised to Push Through Fifth-Straight Month of Gains All episodes and clips More From Bloomberg Markets03 37ECB Not Overly Worried' About Euro, Goldman Sachs Says4 hours ago04 05Catcha's Grove Says No Shortage of Entrepreneurs in Southeast Asia7 hours ago08 35VTB CEO Says Russian Banks Can Withstand New U.S. Sanctions7 hours ago03 54McKinsey's Sneader on Trade Disputes, Southeast Asia Economies8 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 03The David Rubenstein Show Dr. He speaks with Bloomberg's Vonnie Quinn on Bloomberg Markets. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

stock market: The department store chain's chief executive, Sergio Bucher, told the stock market The market environment remains challenging and underlying trends deteriorated through the summer months, according to The Guardian. John Lewis Partnership made 1,800 redundancies in the past year Read more But he said that, having cut costs and refinanced, the company was well equipped to navigate these market conditions and take advantage of any trading opportunities that emerge . Debenhams has hired the advisory firm KPMG to help it examine potential ways it could restructure to cope with a downturn in trading that has already hit its rival House of Fraser. The company issued a stock market announcement after its shares fell by 10% to 11.5p on Monday, after weekend media reports said it was considering a company voluntary arrangement CVA an insolvency process that would enable it to close stores or cut rents. The credit insurer Euler Hermes is also thought to have reduced cover for suppliers to Debenhams after the company issued its third profit warning of the year in June. That came after credit rating agency Moody's downgraded Debenhams' credit rating to a level reflecting high risk last month because of the highly competitive and promotional environment in the UK. However, sources said there was no short-term prospect of a CVA as Debenhams remained profitable and KPMG was advising on long-term options, including refinancing its debts. At least 80 head office jobs are also expected to be lost as the chain attempts to cut costs at its fashion and home divisions. (news.financializer.com). As reported in the news.

cloak-and-dagger portrayal: Facebook Facebook Tweet MailUS prosecutors say that they misunderstood text messages used as the basis of a claim that Maria Butina offered to trade sex for access - an extraordinary admission that threatens to undercut the government's cloak-and-dagger portrayal of the young Russian accused of working to infiltrate American political circles, according to Nine News Australia. The government made the explosive allegation that Butina offered sex in exchange for a position within a special interest organization in a filing in July - a claim that has been hotly disputed by her lawyer. To improve your experience update it here News WorldUS prosecutors made mistake in sex claim against accused Russian spy10 54am Sep 9, 2018Mariia Butina poses with a pistol at a gun show. I want the government's walk back to get as much coverage, as prominently, as their initial false allegation, said Robert Driscoll, Butina's attorney. Erickson is a South Dakota conservative political operative who CNN has identified as US Person 1 in government filings. The government acknowledged its error in a filing released just before midnight Friday but said there was still reason to question the depth of Butina's commitment to her boyfriend, Paul Erickson. (news.financializer.com). As reported in the news.

korea: North Korea has staged a huge military parade to mark its 70th anniversary as a nation but held back its most advanced missiles and devoted nearly half of the parade to civilian efforts to build the domestic economy, according to The Toronto Star. It also brought the mass games back after a five-year hiatus. The North rolled out some of its latest tanks and marched its best-trained goose-stepping units in the parade but held back its most advanced missiles and devoted nearly half of the event to civilian efforts to build the domestic economy. The games are a grand spectacle that features nearly 20,000 people flipping placards in unison to create huge mosaics as thousands more perform gymnastics or dance in formation on the competition area of Pyongyang's 150,000-seat May Day Stadium. Tens of thousands of North Koreans waving brightly coloured plastic bouquets filled Pyongyang's Kim Il Sung Square as the parade began. The strong emphasis on the economy underscores the strategy Kim has pursued since January of putting economic development front and centre. (news.financializer.com). As reported in the news.

metaphor: The attack, and Johnson's choice of metaphor, widened the divide in the governing Conservative Party over Brexit, according to Nine News Australia. Johnson, a strong supporter of Brexit, quit May's government in July after rejecting her proposal for close economic ties with the bloc after the UK leaves next year. To improve your experience update it here News World Boris Johnson's Brexit 'suicide vest' comment sparks furore8 02am Sep 10, British Foreign Secretary Boris Johnson has compared Prime Minister Theresa May's plan for Brexit to putting the country's constitution in a suicide vest and handing the detonator to the European Union remarks that drew condemnation from colleagues. His article in the Mail on Sunday ramped up speculation that he plans to challenge her leadership. He also said that by agreeing that the UK's Northern Ireland must effectively remain in a customs union with the bloc in order to avoid a hard border with EU member Ireland, we have wrapped a suicide vest around the British constitution and handed the detonator to the EU. Foreign Office Minister Alan Duncan tweeted that the comments marked one of the most disgusting moments in modern British politics and should be the political end of Boris Johnson. Johnson said May's plan, which would keep the UK aligned to EU regulations in return for free trade in goods, was a humiliation and amounted to agreeing to take EU rules, with no say on those rules. (news.financializer.com). As reported in the news.

leader brian: New Brunswick Liberal Leader Brian Gallant speaks at a campaign stop in Fredericton on Sept. 5, according to The Toronto Star. James West / THE CANADIAN PRESS Gallant said they will double New Brunswick's investment in the Low Income Energy Savings Program from 2 million to 4 million per year, and increase spending on the province's Energy Retrofit Program from 20.25 million to 40.5 million per year. On Saturday, Liberal Leader Brian Gallant said that if his party is re-elected it will double its investments in energy efficiency programs, promising over 20 million in new annual spending. Investing to improve the energy efficiency of our hospitals, schools, and homes will create economic opportunities, reduce energy costs for New Brunswick families, and help protect our environment, said Gallant in a release. Article Continued Below Tory Leader Blaine Higgs, meanwhile, said a Progressive Conservative government would support families with special needs children by investing in a Family Advocacy Resource pilot project. According to the release, since the governing party took power, it merged Efficiency New Brunswick with New Brunswick Power to help reduce energy consumption and lower costs for consumers. (news.financializer.com). As reported in the news.

missiles: The military parade also saw the nation hold back its most advanced missiles, according to Nine News Australia. Artillery rolled through the parade. To improve your experience update it here News World North Korean military parade a 'positive statement', Trump says7 01am Sep 10, 2018Facebook Tweet MailUS President Donald Trump says North Korea's decision to withhold its most advanced missiles from Sunday's military parade is a big and very positive statement . North Korea yesterday devoted nearly half of a parade marking the 70th anniversary of its founding to civilian efforts to build its economy, underscoring Kim's new strategy of focusing on economic development. EPA A portrait of the late Kim Jong-il. Much better than before I took office. EPA Trump tweeted Sunday We will both prove everyone wrong! There is nothing like good dialogue from two people that like each other! he wrote. (news.financializer.com). As reported in the news.

ordeal: He isn't going to show up, according to The Guardian. It's rather unusual for a company to hold an AGM without the presence of its chief executive, not to mention its largest shareholder. Happily, he will face no such ordeal at next week's Sports Direct annual meeting, thanks to a stroke of genius on his part. But then Ashley, who, a court heard, once vomited into a fireplace during a drinking session with business associates, is no ordinary chief executive. The list of shareholder gripes is extensive. In the retail billionaire's absence, investors are expected to air grievances about the company's rather idiosyncratic governance style. (news.financializer.com). As reported in the news.

paradox: The opinions expressed in this commentary are their own, according to CNN. View more opinion articles on CNN. Bollyky is the author of the forthcoming book, Plagues and the Paradox of Progress Why the World is Getting Healthier in Worrisome Ways. (news.financializer.com). As reported in the news.

shares: Shares of the electric carmaker tumbled more than 6 per cent to US263.24, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal, according to Nine News Australia. Chief Accounting Officer Dave Morton resigned after just one month in the job because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday. To improve your experience update it here News World Tesla execs quit, CEO smokes pot10 28am Sep 8, Chief Executive Elon Musk has been filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behaviour and executive departures that have stunned investors. It later said that Chief People Officer Gaby Toledano would not return from a leave of absence, just over a year after joining. Morton and Toledano, whose departures come shortly after the US Securities and Exchange Commission opened an inquiry into Musk's aborted privatisation plan, join dozens of senior executives who have left Tesla. Later on Friday, Tesla named a new president of automotive operations, promoting former Daimler truck executive Jerome Guillen into the role overseeing all automotive operations and reporting to Musk. (news.financializer.com). As reported in the news.

trump: Trump threatens new tariffs on 267bn of Chinese goods Read more Making matters worse, the US is poised to slap tariffs as high as 25% on as much as 200bn worth of Chinese goods, according to The Guardian. If the US goes ahead, Beijing has already threatened to retaliate, which would only incense President Donald Trump further. Argentina's 50bn bailout by the Washington-based lender of last resort is the most extreme event so far, but it sits alongside the dramatic collapse of the Turkish lira, a recession in South Africa and dire economic predictions for the Philippines, Indonesia and Mexico. This tit-for-tat might only end when tariffs are applied to the entire 500bn of Chinese goods imported by America each year. Investors have run for safety to such an extent that the MSCI Emerging Markets index, which measures the value of shares in emerging economies, has tumbled by more than 20% since the beginning of the year. In response, the stock markets of many developing nations have slumped in value, leaving investors to ask themselves whether they are witnessing an emerging-markets meltdown akin to the Asian crisis of 1997 a panic that wrecked the finances of several hedge funds and proved to be an hors d'oeuvre before the dotcom crash of 1999 and the global financial crisis of 2008. (news.financializer.com). As reported in the news.

bloomberg: Source Bloomberg RELATED ARTICLESYuan Outperforms Peers as China Deters Bears Before Tariffs China Reserves Steady as Yuan Declines Fail to Trigger Outflows More From Bloomberg Markets09 20Debating the Future of the U.S. Bull Market01 49How to Trade Target in the Current Consumer Markets Balance of Power' Full Show President Tim Clark Says Trade Disputes May Produce Healthier Economy All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 03The David Rubenstein Show Dr. He speaks with Haidi Stroud-Watts on Bloomberg Markets Asia. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

conditions: He signed a massive and permanent corporate tax cut, according to CNN. He's playing hard ball with countries he says have been cheating the US for decades. He tweets often about the great economic conditions in the country and how he and his administration are responsible. (news.financializer.com). As reported in the news.

harrison ford: Six hundred items from more than 150 film and television productions will go under the hammer in two weeks time, and the price tags are staggering, according to Nine News Australia. The fedora worn by Harrison Ford in Indiana Jones and the Raiders of the Lost Ark is expected to sell for around 500,000, while the bullwhip he used in the Temple of Doom should fetch 90,000.A terminator in your living room would be quite the conversation starter. 9news For Star Wars fans there are light sabers and Storm Trooper helmets, but the big ticket item is Han Solo's jacket from The Empire Strikes Back, priced at just under 2 million. To improve your experience update it here News World Rare Hollywood props and costumes up for sale By Amelia Adams UK Correspondent5 09pm Sep 7, 2018Facebook Tweet Mail If you've ever imagined yourself as the star of a Hollywood blockbuster - Indiana Jones or Hans Solo, or perhaps Catwoman or Rose from the Titanic there's a rare auction in London giving fans and collectors the chance to own a piece of cinematic history. Prop Star CEO Steven Lane spent years tracking it down, after discovering the company that made the costumes for the film had gone bust. We weren't looking for Hans Solo's jacket, we were just looking for any of the costumes from Empire Strikes Back. We followed that lead to two other costume houses, and we phoned one of those companies for nearly a year to get permission to look through their rails, he told Nine News. (news.financializer.com). As reported in the news.

fragmentation risks: Source Bloomberg react-empty 281 More From Bloomberg Daybreak Europe03 08Black Rock Says Fragmentation Risks Are Weighing on Europe04 50Yield Curve Inversion Doesn't Mean What It Used To, Says Barclays' Hobbs03 00We Are Overweight EM Equities, Says Barclays' Hobbs04 20Russia Ready to Buy Own Debt, Minister Says All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips09 20Debating the Future of the U.S. Bull Market01 49How to Trade Target in the Current Consumer Markets Balance of Power' Full Show President Tim Clark Says Trade Disputes May Produce Healthier the world with Bloomberg News More episodes and clips02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. He speaks on Bloomberg Daybreak Europe from the Ambrosetti Forum in Cernobbio, Italy. More episodes and clips24 03The David Rubenstein Show Dr. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

investor demand: It's the first cannabis-focused fund to break the billion-dollar mark, according to The Toronto Star. Known by its ticker HMMJ, the ETF has benefited from burgeoning investor demand for pot stocks. The Horizons Marijuana Life Sciences Index ETF's total assets have grown to more than 1 billion Canadian as shares rallied 124 per cent since its April 2017 debut on the Toronto Stock Exchange. The Horizons Marijuana Life Sciences Index ETF's total assets have grown to more than 1 billion as shares rallied 124 per cent since its April 2017 debut on the Toronto Stock Exchange. Canada will legalize recreational use on Oct. 17. Noah Berger / The Associated Press file photo HMMJ's growth has far exceeded our expectations as investors have strongly supported the sector in anticipation of Canada's upcoming recreational marijuana legalization, Horizons chief executive officer Steve Hawkins said in a statement. (news.financializer.com). As reported in the news.

markets: Source Bloomberg react-empty 281 More From Bloomberg Technology' Full Show 9/72018 03 39Why Alex Jones Is Permanently Banned From Twitter06 36Musk's Behavior Signals Confidence, Tesla Bull Munster Says05 14Gingko Bioworks CEO Explains the Tech Around Legalized Cannabis All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips09 20Debating the Future of the U.S. Bull Market01 49How to Trade Target in the Current Consumer Markets Balance of Power' Full Show President Tim Clark Says Trade Disputes May Produce Healthier the world with Bloomberg News More episodes and clips02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Chief Operating Officer Sheryl Sandberg and the mounting pressures on the social media company with Bloomberg's Emily Chang on Bloomberg Technology. More episodes and clips24 03The David Rubenstein Show Dr. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

news cycle: This year, that number had dropped to 42 three-and-half-dozen people with as much stuff as three-and-a-half billion, according to The Guardian. This yearly ritual has become part of the news cycle, and the inequality it exposes has ceased to shock us. In 2016, their report showed that the wealthiest 62 individuals owned the same amount as the bottom half of the world's population. The very rich getting very much richer is now part of life, like the procession of the seasons. Countries that were once democracies are becoming plutocracies; plutocracies are becoming oligarchies; oligarchies are becoming kleptocracies. But we should be extremely concerned their increased wealth gives them ever-greater control of our politics and of our media. (news.financializer.com). As reported in the news.