Discover and read the best of Twitter Threads about #bailouts

Most recents (9)

Mega Thread: The Going Direct Reset and The Financial Coup of BlackRock.

We have all heard of “The Great Reset” but unbeknownst to most, there is another reset that has already occurred with the help of financial titan. Image
BlackRock was founded in 1988 by Larry Fink and partners after Fink lost $100M at First Boston. Blackstone's Pete Peterson and Stephen Schwarzman provided a $5M line of credit for 50% of the business, then called Blackstone Financial Management.

vanityfair.com/news/2010/04/f…
In 1994, BlackRock separated from Blackstone, and by 1999, with $165B AUM, it went public on the NYSE at $14/share. Acquisitions & growth followed, including a merger with Merrill Lynch Investment Managers in 2006.

cnbc.com/2017/06/22/bla…
Read 52 tweets
Daily Bookmarks to GAVNet 09/08/2020 greeneracresvaluenetwork.wordpress.com/2020/09/08/dai…
Opinion | We Socialize Bailouts. We Should Socialize Successes, Too. - The New York Times

nytimes.com/2020/07/01/opi…

#socialism #bailouts #success
Coronavirus reinfections: three questions scientists are asking

nature.com/articles/d4158…

#reinfect #questions #COVID19
Read 7 tweets
Want to know why the cost of living continues to go up, year after year?

Want to know how the government can "afford" to pay for endless wars, the war on drugs, the militarized #policestate, and so many other destructive policies? Image
Want to know why the US government is over $26 trillion in debt, and rapidly rising, or why our #economy bounces between boom and bust cycles, leaving the poor and middle class further and further behind?

The answer to these is very simple: it's because of the Federal Reserve.
The #FederalReserve, or Fed for short, is the central banking system of the US. It controls how much, or how little, money is being printed.

Its main purpose is to lend money to government-approved banks at low-interest rates, so they can lend it to you at higher rates.
Read 11 tweets
Regarding #airline #bailouts and #climate conditions, the French case is often referred to as a positive example. But if you look more closely, the ecological conditions of the #AirFrance bailout are only weak measures.

Let us explain – a thread. 👇
bit.ly/3g2IozD
1) The conditions are not legally binding.

“France's green requests are a first but we had non-binding commitments for years and airline pollution ballooned,” says @AndrewTMurphy.
theguardian.com/business/2020/…
2) Air France's CO2 emissions of PER PASSENGER from domestic flights are to be reduced by 50% by 2024, overall -50% by 2030. This leaves out a large part of the emissions* and also allows ABSOLUTE emissions to continue to rise.
actu-environnement.com/ae/news/aviati…
Read 7 tweets
Angesichts der nun all-täglichen #Milliarden an #Staatshilfe für Konzerne drängt sich die Idee einer am #Gemeinwohl orientierten #BundesBenchmark auf - Auftakt der Debatte hier - und heute #Konkretisierung: (1)
Morgen beim #Autogipfel wird erneut intransparent und ohne Bürgerbeteiligung über Unsummen entschieden - diese werden fehlen: Für #Daseinsvorsorge #Bildung #Gesundheit #Klimaschutz #Europa u.v.m. (2)
Warum sind uns #Autoprämien wichtiger als funktionierende #Zuschüsse für Selbständige und #KMU? Wie nutzen wir die #Coronakrise als Chance, um genau jetzt unsere Industrien auf #Klimaziel von 1,5 Grad zu transformieren? (3)
Read 25 tweets
The good, the bad and the ugly on the state of #airline #bailouts.

The good. 👏😍 Over 70,000 people have already signed our petition #SavePeopleNotPlanes.

Help us to reach 100.000 this week: sign and share it!
✍️🔁 change.org/SavePeopleNotP… Image
The bad. 😈☠️ More and more airlines are asking for unconditional bailouts - and more and more are receiving taxpayer money without #social or #climate conditions. We must stop this for the sake of our future and #ClimateJustice!
theguardian.com/world/2020/apr…
The ugly. 🤑💩 the bailout plea from #RichardBranson "proves that there is no one more shameless". Let's #SavePeopleNotBillionaires! #BuildBackBetter #JustRecovery
theguardian.com/commentisfree/…
Read 4 tweets
🙋‍♀️🙋🏾‍♂️ Please sign and share!

Join the 66,000 people who already oppose unconditional taxpayer-backed #bailouts for the polluting #aviation industry and say #SavePeopleNotPlanes!
change.org/SavePeopleNotP…
Why this is important? Flying is the fastest way into #ClimateBreakdown. 🔥✈️
Still, in the end the aviation industry could even benefit from the #CoronaCrisis: bit.ly/CoProAv
The #aviation #lobby demands billions in aid and shirks its responsibility for #climate action: bit.ly/CoLobAv

What we demand instead:
1. People first ✊
2. A just transition: towards a climate-just mobility 🚞
3. No taxes? No bailouts! 💸
Read 4 tweets
Today, more than 250 organisations from 25 countries published an open letter directed to governments, urging them to resist any #aviation lobby attempts to rush into unfair #bailouts of the industry. #SavePeopleNotPlanes

Read our press release: stay-grounded.org/250-organisati…
Governments must use this moment to embed social and environmental conditions, with proper protection for workers and a planned transition towards climate-just mobility.
Individuals can express their support for these demands by signing a petition: change.org/SavePeopleNotP…
For decades, the aviation industry has avoided contributing meaningfully to global climate goals and resisted the merest suggestion of taxes on fuel or tickets. Now, airlines, airports and manufacturers are demanding huge and unconditional taxpayer-backed bailouts.
Read 11 tweets
Hi @SRuhle thanks for the shout out

Here is a framework for stimulus package that I have been discussing w @RoKhanna & @TimRyan

1. Right now protect small business & cover loss wages via cash, grants, loans –needs to be well north of $1 trillion
2. Post 3 months :
Rid sales tax & lower payroll tax to stimulate demand

3. 6+mo: Treasury should issue coronavirus recovery bond where proceeds go to help those individuals & small business impacted.
Act 2009 - Build America Bonds.
Let's invest to help USA make the rate a little higher than savings account so those at or near retirement earn a little more income.

recall:
WWI - Liberty Bonds.
WWII- Defense / War Bonds.
NYC Post 9/11- Liberty Bonds.
Great Recession/ Recovery Act 2009 - Build America Bonds
Read 5 tweets

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