Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced

Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring AnnouncedBanking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim CEO […]

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Low Interest Rates Are Crushing Young People and Fueling Global Riots

Low Interest Rates Are Crushing Young People and Fueling Global RiotsThere are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push housing […]

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The Fed’s Low Interest Rates and QE Have Created a Dependent Generation

The Fed's Low Interest Rates and QE Bolstered a Dependent GenerationOn March 20, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to keep federal interest rates unchanged. Critics believe that the central bank’s policy of near-zero interest rates and quantitative easing (QE) has corrupted the U.S. economy for nearly a decade and spawned a generation of socialists. Also read: Bitcoin and the Agora: Every […]

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