money

Europe announced that Instex, a special trade channel that circumvents SWIFT, is operational and will be used by Europe to buy Iranian goods, and vice-versa, without actual money-transfers between banks. Critics worry that Trump could retaliate with sanctions against European banks.

Bernie Sanders' 'Medicare for All' plan is based on current Medicare rates, and the pay cuts would force hospitals to close, or the estimate will go way up, by perhaps 50 or 100%.

Bank of America announced it will stop lending to migrant detention centers and private prisons to avoid public backlash, following similar moves by JP Morgan Chase, Wells Fargo and the US Bank.

The study highlights that sanctions are an act of war with lethal consequences that affect civilians, despite being presented as a humane alternative to armed combat.

The goal of the new cryptocurrency is to create a new payment system for purchases on Facebook and across the Internet, as Facebook has 2.4 billion members who are active each month. There are reports that the investors will have full access to Facebook users’ financial data.

Experts estimate that between 60,000 and 100,000 organs are transplanted annually in China, as the country rakes in an eye-popping $10 billion to 20 billion in profits.

The California Senate passed a bill that would create a self-contained banking system for the cannabis industry. This is in response to the fact that the Federal Reserve has been denying charters to banks serving that industry.

Alan Meyer is a forensic accountant, specializing in fraud investigation, said, "The Fed is even worse than I thought. It actually cooks its books!"

A new Gallup Poll shows that 43% of Americans support socialism, but they are confused about the definition, believing it to be merely social equality.

More than half of US states have such laws on the books. Federal courts have struck down similar anti-boycott laws in Kansas and Arizona. The ACLU says the three courts protected the right to boycott under the First Amendment.