“Fake news” is fake news.
The people who created Facebook and Google must be smart. They’re billionaires, their companies are worth multi-multi billions, their programs are used by billions around the world.
The monster of economic waste—over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations—started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined unlawful ‘stock manipulation’ to exclude stock buybacks.
TheRealNews on Aug 4, 2017
Rising stock prices is not an indicator of financial health like Trump would have you believe, specially when you examine who is buying that stock, says economist Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy.
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and other shareholders are the owners of the company, you’d likely say “give us back our money in cash dividends.”
Updated: Aug. 25, 2015
TheRealNews on Aug 24, 2015
Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks.
by Josh Sidman
Oct. 11, 2007
(WARNING: MIXED METAPHORS AHEAD. PROCEED WITH CAUTION.)
Anyone who has had the unpleasant experience of trying to start an old car with a faulty ignition will be familiar with the phenomenon of a flooded engine. When you’re having trouble starting a car, it is usually effective to step on the gas pedal while turning the key in an effort to force-fire the engine. However, this procedure can become counterproductive if used to excess. Eventually too much gas is administered, and the engine will not start again until the excess gasoline has had time to drain off or otherwise dissipate.