Italy’s non-performing loans (NPLs) then stood at €210bn, at a time when the ECB was buying €120bn per year of outstanding Italian government bonds as part of its QE program. The July 2016 Financial Times quoted Goldman’s Francesco Garzarelli, who said, “by the time QE is over – not sooner than end 2017, on our baseline scenario – around a fifth of Italy’s public debt will be sitting on the Bank of Italy’s balance sheet.”
Last Thursday, President Trump gave his administration a “ten out of ten” for its handling of the hurricane recovery in Puerto Rico, However, even as Trump was patting himself and his team on the back the power grid in San Juan went down again throwing the city into darkness.
Many Puerto Ricans continue to live in primitive and dangerous conditions more than a month after Hurricane Maria devastated the U.S. territory in the Caribbean, as Judith Berkan explained to Dennis J Bernstein. By Dennis J Bernstein Last Thursday,…Read more →
Puerto Rico is a US territory that has a 75% majority white population. Therefore, if racism is involved, it is anti-white. [...]
On Thursday afternoon, Ryan finally allowed Congress to vote on an amendment by Rodney Frelinghuysen to concur with the Senate on funding aid to hurricane-stricken Puerto Rico, something Trump, a lifelong anti-Puerto Rican racist, has been very sketchy on. The amendment passed by an overwhelming 353-69, all 189 Democrats voting YES, joined by 164 Republicans.
-by NoahOn its surface, today's meme is hilarious. Señor Trumpanzee has, indeed, now told us that he has spoken with the President Of The Virgin Islands. If one knew nothing about this country, that may even sound somewhat reassuring. But, much as I am tempted, I can't call this meme a bit of levity for the weekend.
Angered by criticism from desperate U.S. citizens in Puerto Rico, President Trump lashed out with threats to remove federal rescue and recovery personnel — even as the crisis grows worse, as Dennis J Bernstein reports. By Dennis J Bernstein Some…Read more →
During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd:
You know they owe a lot of money to your friends on Wall Street. We’re gonna have to wipe that out. That’s gonna have to be — you know, you can say goodbye to that. I don’t know if it’s Goldman Sachs but whoever it is, you can wave good-bye to that.
