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Expat Files – 02.03.17

#1- Making a vehicle purchase at a car lot. You will probably need a car sooner or later. Generally a new car is not recommended in Latin America. Unless you don’t mind repeated dings and scratches, provided you are not finicky, and as long as your new vehicle is a common, non-luxury model and doesn’t stand out from the others on the road….

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Bob Burnett – Trump and Hitler

It’s impossible to read Volker Ulrich’s remarkable biography, “Hitler, Ascent: 1889-1939,” without being struck by the parallels between Adolph Hitler and Donald Trump. 1.They were both charismatic political leaders. Watching grainy newsreel footage of Hitler speaking, it’s difficult to imagine what a hypnotic spell he cast on his pre-war German audiences. Just as it’s difficult to understand the impact of …

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Alternative Visions – US Stock Bubble-Causes and Consequences + Italy Banks – 12.09

Jack focuses on the bubble growing in US stock markets, as money capital surges out of bonds and from Europe and emerging markets into US stocks. All US markets are at record levels, with the DOW having tripled since 2009 in value. Jack discusses the various causes and origins of the current bubble, including the global rotation from bonds, anticipated Trump infrastructure spending and massive corporate tax cuts, multi-industry deregulations coming, and devaluing foreign currencies. The recent Saez report on income inequality trends is reviewed in contrast. Why capitalists are switching from monetary, central bank policy now to fiscal policy to continue massive gains for the 1%. Other negative data for the US is reviewed, including productivity trends and public debt. The show concludes with a discussion of the recent Italian referendum and Italian banks and China’s pending currency devaluation and bank problems.

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Nadia Prupis – 50 Groups Urge Investigation Into ‘Wild West’ of Facial Recognition Policing

Dozens of advocacy organizations are urging the U.S. Department of Justice to investigate the growing police use of facial recognition software, which the groups say violates civil liberties and disproportionately impacts people of color. In a letter sent to the Justice Department on Tuesday, a coalition of 50 organizations led by the American Civil Liberties Union (ACLU) and the Leadership …

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Deirdre Fulton – Report Shows US Corporate Tax Dodging Still Rampant, Still Legal

A new report released Tuesday reveals how “U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to paying taxes”—to the tune of more than $100 billion every year. The analysis from the U.S. PIRG Education Fund, Citizens for Tax Justice, and the Institute on Taxation and Economic …

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Deutsche Bank and the global financial crisis

Deutsche Bank’s shares plunged to record lows this week, sparking talk of a government bailout to avert a new financial crash. The turmoil surrounding Germany’s biggest bank demonstrates that all of the contradictions of the global financial system that led to the meltdown of 2008 are once again erupting. Now, however, these contradictions are fuelling and intersecting with economic and …

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The number of people on food stamps is plummeting at the fastest rate ever after the government made a key change

Fewer and fewer Americans are on food stamps, and the decline is only getting faster. According to Paul Trussell, an analyst at Deutsche Bank, the number of people utilizing the Supplemental Nutrition Assistance Program, or SNAP, in June 2016 was down 4.7% from the same month a year before, and the number of households using SNAP was down 5.2% year-over-year. …

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yler Durden – A Stunning Admission From Deutsche Bank Why A Shock Is Needed To Collapse The Market, And Force A Real Panic

In what may be some of the best, and most lucid, writing on everyone’s favorite topic, namely “what happens next” in the evolution of the financial system, Deutsche Bank’s Dominic Konstam, takes a look at the current dead-end monetary situation, and concludes that in order for the system to transition from the current state of financial repression, which has made a …