Labor/Economics/Business

Debt and Tax Policies Needed to Prevent Crisis Says Finance Watchdog Group

Financial institutions, experts and economists fear a new wave of financial crises hitting countries from Ghana to Italy. The IMF and World Bank warn that nearly 20 African economies are wrestling with debt crises and on Wednesday the European Union chastised Italy on its debt-laden budget."Growing debt crises and the inability of countries to meet the social needs of their people is very concerning," stated Eric LeCompte who serves on United Nation finance expert groups and is the Executive Director of Jubilee USA.

Puerto Rico Religious Leaders Criticize Debt Plans and Negotiations

Puerto Rico's Catholic Archbishop and an Evangelical leader who heads the island's bible society criticized a debt agreement and ongoing debt negotiations. "We are strongly opposed to the COFINA debt deal," wrote the religious leaders in a statement referencing a recently approved plan on a type of debt backed by sales taxes. The plan was approved by Puerto Rico's government and oversight board and covers about $17 billion of the total $72 billion debt of the US Territory.

Oversight Board Reviews New Fiscal Plan for Puerto Rico

Puerto Rico's oversight board reviews a new plan on economic growth and debt payments to the island's creditors in San Juan today.

Dark Clouds Gather on Horizon for Financial System, Warns International Monetary Fund

Bali, Indonesia -The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia.

IMF Lowers Global Growth Projections and Raises Concerns of Financial Crisis

Bali, Indonesia - The International Monetary Fund released the World Economic Outlook Report and lowered global growth projections to 3.7 percent for 2018 and 2019.

After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again

September 15th marks the ten-year anniversary of the Lehman Brothers investment firm collapse, symbolizing the onset of the 2008 global financial crisis.

"The financial crisis drove 100 million people, mostly women and children, into extreme poverty around the world," noted Eric LeCompte, the head of the religious development group Jubilee USA. "Too many around the world are still feeling the effects of the last crisis and we are not prepared to stop the next crisis." 

Protesters demanding rejection of Brett Kavenaugh for SCOTUS disrupt Hart Senate Office Building

On the 23ed of August, protesters opposing Trump's Supreme Court pick Brett Kavenaugh first disrupted the Hart Senate Office Building cafeteria, then rained down fliers in the atrium. The leaflets call out the clear and present danger Brett Kavenaugh poses to everything from worker's wages to a woman's right to choose.

Video compilation from raw clips by Marissa J Lang (via Twitter) 53 sec

A "guerrilla protest" rains fliers opposing Trump's SCOTUS nominee inside the Hart Senate Office Building. Still from by Mariassa J Lang video clip

Unite the Right II: Dozens of Nazis run gauntlet of thousands after special Metro train ride

On the 12th of August, WMATA broke their promise to ATU Local 689 by running a special train just for a few dozen Nazis from the Vienna Metro to Foggy Bottom. Once there, the fascists had to run a gauntlet of thousands of counterprotesters, nearly get kettled by counterprotesters at Lafayette Sq, and when the rains began to fall had to be removed by a different route from the park to return to Metro.Counterprotesters were incensed that neo-Nazis would dare to commemorate August 12, the day one of them murdered Heather Heyer in Charlottesville, VA.

Video-Unite the Right II runs a gauntlet of thousands of counterprotesters (3 min 46 sec)

Ash L video of incident where police having just pepper sprayed a bloc near 12th and G sts threatened to spray again (44 sec)

Update Aug 13:Washington "Moon-Times" confirms police attempt to exit Lafayette Park west with the fash repulsed by antifa bloc

Helmeted fascists (Maybe Proud Boys?) running the gauntlet after getting off the Foggy Bottom Metro

Over 20 State Attorneys General Call for Shell Company Transparency

24 State Attorneys General wrote to Congress supporting action to disclose the actual owner of a shell company to law enforcement. "Anonymous" shell companies can be used to hide the identity of the owner.

"Shell companies are used by corrupt government officials to steal money from their people and hide the identities of people involved in the modern day human slave trade," stated Jubilee USA Executive Director Eric LeCompte who serves on United Nations financial expert groups.

Treasury Takes Aim at Shell Companies

The US Treasury is calling for greater scrutiny into the use of "anonymous" shell companies. Last week, Treasury Secretary Steven Mnuchin urged Congress to quickly pass legislation to make the identity of shell company owners available to law enforcement.

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