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Messages - Mackin USA

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Water Cooler / The Pros and Cons of a Guaranteed National Income
« on: September 16, 2019, 09:26:44 AM »
Although federal, state, and local governments spend nearly $1 trillion annually on at least 126 anti-poverty programs, we are doing little to help the poor get out of poverty or become self-sufficient.

Economics & Investing / Re: ECB cuts key rate for first time since 2016
« on: September 14, 2019, 10:27:01 AM »
Negative interest rates are BAD

Economics & Investing / Re: Brexit
« on: September 13, 2019, 11:53:26 AM »
Boris Johnson has told government officials to explore the possibility of building a bridge between Scotland and Northern Ireland.

Documents seen by Channel 4 News reveal that both the Treasury and Department for Transport have been asked for advice on the costs and risks of such a project.

Economics & Investing / ECB cuts key rate for first time since 2016
« on: September 12, 2019, 12:37:10 PM »
The bank’s deposit rate, trimmed by 10 basis points, is now −0.50%, meaning that commercial banks must effectively pay the ECB to hold their excess cash balances overnight.

Firefox is continuing its fight against Facebook and Google's online ad tracking empire. The browser, owned by Mozilla, will now block third-party tracking cookies by default. This Enhanced Tracking Protection will be automatically turned on for all global users as part of the standard setting. The improved privacy features have been trialled on new users since June 2019, and currently cover 20 per cent of users. From today, this will increase to 100 per cent of people using the Firefox. [WIRED]

Economics & Investing / Re: Brexit
« on: September 11, 2019, 01:44:05 PM »

    Brexit Party leader Nigel Farage offered Prime Minister Boris Johnson an election pact on Wednesday but warned that unless there was a clean-break Brexit, the Conservatives would take a "real kicking" in any election and could not win a majority.

    Johnson, who has lost his working majority in the House of Commons, wants to hold an election but parliament has ordered him to ask the EU to delay Brexit until 2020 unless he can strike a transition deal at an EU summit on Oct. 17-18.

A law to stop taxing  :o

Hardware & Technology / Do we really need an iPhone 11
« on: September 10, 2019, 10:56:34 AM »

Economics & Investing / Re: Brexit
« on: September 09, 2019, 09:14:52 AM »
NOW the question is: What will she do?

Economics & Investing / Re: Brexit
« on: September 07, 2019, 01:22:42 PM »

Water Cooler / States to Launch Google, Facebook Antitrust Probes
« on: September 06, 2019, 01:21:01 PM »
The participation of so many attorneys general of both parties in the probe is potentially worrisome for the big tech companies. About 20 attorneys general were involved in the federal government’s last major tech antitrust case, against Microsoft Corp. , two decades ago.

The ECB's imposition of negative interest rates have created an "absurd situation" in which banks don't want to hold deposits, rages UBS CEO Sergio Ermotti, arguing that this policy is hurting social systems and savings rates.

BEIJING (Reuters) - China is entering a period where it faces "concentrated risks" - economically, politically and diplomatically - and the country must be able to fight and win against those who challenge China's bottom lines, President Xi Jinping said on Tuesday.

"As long as it comes, we must carry out a resolute struggle, and we must achieve victory," state media cited Xi as saying.

[IF Trump losses, he may lose the election.]
[If Xi were to lose, he may lose his life]

Interventionist policymakers in New York City, who are willing to change tax law to spur artificial economic activity in a sagging real estate market in Manhattan shows just how desperate officials are to reverse the housing market downturn. However, with intervention, there are always consequences, those consequences are being seen with a drastic drop in sales in July and the months ahead.

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