The Pentagon just bought a $400 million stake in a mining company.
That's how badly the US needs to break China's grip on rare earths.
The2guys
6 joined
T
The2guysT
@the2guys·Sep 29
@the2guys·Sep 29T
The2guysT@the2guys·Sep 19
@the2guys·Sep 19NEW YORK’S RENT PROBLEM IS NO LONGER JUST A WORKING-CLASS PROBLEM.
New York has been expensive for decades. But something has changed.
People earning $100K–$300K a year are increasingly considered “rent burdened,” spending more than a third of their income just to keep a roof over their heads.
The city that never sleeps is becoming a city people can’t afford to live in.
Even pop stars are complaining about rent.
And maybe Jimmy McMillan had a point all along:
“The rent is too damn high.”
#NewYorkCity #HousingCrisis #Rent #CostOfLiving #Economics
T
The2guysT@the2guys·Sep 13
@the2guys·Sep 13Jamie Dimon on private credit: "When you see one cockroach, there's probably more"
Translation: the losses hiding in private loans are already spreading.
T
The2guysT@the2guys·Sep 10
@the2guys·Sep 10Behind the legitimate financial system is another network.
Underground bankers.
Organized crime.
Drug money.
Called money mules.
T
The2guysT@the2guys·Sep 8
@the2guys·Sep 82000: The dot-coms promised a brave new world.
Today: The AI boom is propping up GDP itself and your 401k is the collateral.
T
The2guysT@the2guys·Sep 7
@the2guys·Sep 71894: Congress finally taxes the ultra-rich to redistribute wealth.
Less than a year later: the Supreme Court strikes it down, 5-4.
T
The2guysT@the2guys·Aug 21
@the2guys·Aug 21Goldman Sachs sold investors mortgage-backed products while a hidden bet was being placed against them.
Investors lost over $1 billion.
Goldman paid $550 million to settle with the SEC.
T
The2guysT@the2guys·Aug 20
@the2guys·Aug 20At Wells Fargo the fake accounts were not the final scandal.
Regulators later found misconduct involving mortgages, auto loans and deposits.
Repeated failures cost the bank 3.7 Billion.
T
The2guysT@the2guys·Jul 31
@the2guys·Jul 31$30.6 billion fine.
For selling homes that were designed to fail.
You lost the house.
They just wrote a check.
T
The2guysT@the2guys·Jul 28
@the2guys·Jul 28Bank of America
$250 million fine for junk overdraft fees and withheld card rewards
They kept the money first. Apologized second.