2018-11-11 13:42:00 Sun ET
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Michael Bloomberg provides $80 million as campaign finance for Democrats to flip the House of Representatives in the November 2018 midterm elections, gears up his presidential bid, and eyes the Democratic nomination for 2020. Bloomberg now actively considers a presidential campaign as a Democrat in 2020, and he figures out that the Democrat nomination would be his only path to the White House even though he voices stark disagreements with many progressive proponents on bank regulation, law enforcement, and the recent #MeToo movement.
At age 76, Bloomberg is a financial media multi-billionaire and a former New York City mayor. On the economic front, Bloomberg considers himself more familiar with macro policy issues and reforms that would better shape U.S. real macro variates such as real GDP per capita, employment, and capital investment etc. Bloomberg has entertained the pragmatic idea of pursuing U.S. presidency many times before, and continues to show little preference for the rough-and-tumble tactics of partisan political discourse. There is a fair chance that Bloomberg receives the Democratic nomination to win the U.S. presidential bid against President Trump. This putative scenario might overturn the Trump set of both supply-side fiscal stimulus and bank deregulation with more realistic structural reforms in education, residential estate, and financial market stabilization.
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Joseph Stiglitz and Andrew Charlton suggest that free trade helps promote better economic development worldwide. Joseph Stiglitz and Andrew Charlton (200
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Warren Buffett invests in American stocks across numerous industries such as energy, air transport, finance, technology, retail provision, and so forth.
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U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years. The current U.S. Treasury fiscal budget deficit rises from $779 billion to $1.0
2018-05-11 09:37:00 Friday ET
OPEC countries have cut the global glut of oil production in recent years while the resultant oil price has surged from $30 to $78 per barrel from 2015 to 2
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Central banks in India, Thailand, and New Zealand lower their interest rates in a defensive response to the Federal Reserve recent rate cut. The central ban
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The recent Bristol-Myers Squibb acquisition of American Celgene is the $90 billion biggest biotech deal in history. The resultant biopharma goliath would be