Comcast, Verizon approached Twenty-First Century Fox to buy some assets


News of competing interest in some of Murdoch’s assets broke even though the U.S. Justice Department was preparing a lawsuit to block AT&T Inc, the largest pay-TV provider in the United States, from buying Time Warner Inc for $85.4 billion, according to a source. This raised questions about the U.S. government’s willingness to allow large media industry mergers.

Source: Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources

Route Fifty | Cities Warn That Rising Inequity Will Threaten Long-Term Social Stability of Urban Economies


The NLC report, entitled “The Future of Equity in Cities,” points to increasing segregation despite increasing diversity in cities.

“If this trend is brought to its ultimate conclusion, cities will become increasingly segregated, with entirely different economies found within a few miles of each other,” the report states.

“This will have profound implications for economic access, as opportunities are increasingly only available in the most expensive cities, which debt-burdened students or lower-income families will not be able to afford.”

Source: Route Fifty – Cities Warn That Rising Inequity Will Threaten Long-Term Social Stability of Urban Economies

5 Signs of Trouble in the Stock Market | Money


The following five indicators point to a stock market facing real troubles — and a potential downturn ahead.

  1. Junk Bonds Are Flashing a Warning Sign
  2. The Market Is Literally Running on Fumes
  3. Valuations Are Beyond Worrisome
  4. Small Stocks Are Lagging Badly
  5. Stock Market Exuberance Isn’t Waning at All

Source: Stock Investing: 5 Signs of Trouble in the Stock Market | Money

Russia could target any foreign media under new law | India.com


“(The law) gives the relevant government institution the opportunity to classify media outlets that receive money from abroad as foreign agents,” he said, when asked which outlets are likely to be put on the list first.

Most likely the list will be maintained by the ministry of justice, which already keeps a similar database of non- governmental organizations which have been designated as “foreign agents.”

The bill is a tit-for-tat response to Washington’s move to register T&R Productions LLC, a corporation which operates US studios of state channel RT, as a foreign agent under the Foreign Agents Registration Act (FARA).

Source: Russia could target any foreign media under new law: MP – India.com

ECB unveils plans allowing lender to KEEP customers’ cash in a crisis | Express.co.uk


The move could mean people with money in their bank accounts could not withdraw anything while the bank was in crisis talks.

According to Bloomberg, the paper suggests giving authorities the power to cap deposit withdrawals as part of a wider stay on payments for up to five days after an institution has been declared “failing or likely to fail.”

However, support is not unanimous with lobbying groups and regulators including the Bank of England warning that it could pose a risk to financial stability.

Source: ECB unveils plans allowing lender to KEEP customers’ cash in a crisis | City & Business | Finance | Express.co.uk

Senate lawmakers strike deal to free dozens of large banks from rigorous post-crisis rules | The Washington Post


Currently, banks with more than $50 billion in assets are considered “too big to fail” and undergo the strictest regulatory scrutiny, including a yearly stress test to prove they could survive another period of economic turmoil.

The proposed legislation would raise that threshold to banks with $250 billion in assets, potentially allowing several high-profile financial institutions, including American Express, Ally Financial and Barclays, to escape the extra scrutiny.

Source: Senate lawmakers strike deal to free dozens of large banks from rigorous post-crisis rules – The Washington Post

Why India Needs the Left | The Wire


Neoliberal capitalism, which India in common with most other countries had adopted of late as its economic regime, has now reached a dead end.

Not only is the economic crisis that began in 2008 persisting in metropolitan countries, but it has now even spread to countries like India and China which initially appeared immune to it.

The only way that a new world boom can arise within the neoliberal regime, where state intervention in demand management through fiscal means is considered anathema, is through the formation of a new asset-price bubble. But such bubbles are not made to order; and even perchance if a bubble does get formed, its inevitable collapse would again bring world capitalism back to a crisis.

A period of protracted stagnation in world capitalism, therefore, lies before us, which also entails a stagnation of the Indian economy.

The Narendra Modi government’s mindless interventions in the form of demonetization or a Goods and Services Tax (whose most notable feature is heavier taxation of the informal sector) only compound this problem.

.. Even the urban middle class now faces the grim prospect of unemployment.

It is this scenario, which is not confined to India alone, that has produced the current global upsurge of fascism. Nowhere as yet do we have the institution of a fascist state, but fascist elements are in power in many countries, including ours, wanting to usher in a fascist state.

Source: Why India Needs the Left – The Wire

Killer smog: How much can India learn to fight pollution from China? | The Economic Times


China moved early to control pollution, especially after the 2008 Beijing Olympics which put a spotlight on smog. China cracked down on polluting vehicles and factories to improve the air for the games. Even though these temporary measures did not offer a long-term solution, the war on pollution had begun in China.

China revised its laws to impose severe restrictions on polluting factories. The local authorities can even detain owners of factories that fail to comply with the laws. They can also impose heavy fines on such factories.

In India, laws are less strict and implementation is random.

Source: Delhi Smog: Killer smog: How much can India learn to fight pollution from China? – The Economic Times

Massive Overkill: Brought to You by the Nuclear-Industrial Complex


The Manhattan Project was the first building block of the permanent arms establishment that came to rule Washington. In addition, the nuclear arms race against that other superpower of the era, the Soviet Union, was crucial to the rationale for a permanent war state. In those years, it was the key to sustaining the building, funding, and institutionalizing of the arms establishment.

As Eisenhower noted in that farewell address of his, “a permanent arms industry of vast proportions” had developed for a simple enough reason. In a nuclear age, America had to be ready ahead of time. As he put it, “We can no longer risk emergency improvisation of national defense.” And that was for a simple enough reason: in an era of potential nuclear war, any society could be destroyed in a matter of hours. There would be no time, as in the past, to mobilize or prepare after the fact.

Source: Massive Overkill: Brought to You by the Nuclear-Industrial Complex

Trump Warns That Dumping Roy Moore Could Start Dangerous Trend of Believing Women | The New Yorker


“I think we need to be very, very careful here,” Trump told reporters. “This is not just about Roy Moore. This is about our country deciding that we are going to start believing women, something that we have never done before.

Trump cautioned that, if instituted, a new practice of believing women would “totally destroy” the system that the country already has in place. “For years we’ve had a system of believing men,” he said. “It’s worked very well. It’s done a great job.”

Source: Trump Warns That Dumping Roy Moore Could Start Dangerous Trend of Believing Women | The New Yorker