Aawo Donald Sterling s plantation : the corrupt economy of NBA franchises
UPDATED 12:57 p.m. ETWhat bad economy The Federal Reserve posted record profits in 2009, positioning itself to return $46.1 billion to the U.S. Treasury, the central bank announced Tuesday.According to an analysis this morning in the Washington Post, much of the Fed profit was earned through the unconventional steps it took last year to prop up the economy, such as emergency loans to troubled financial institutions and its aggressive program of buying bonds. By the end of 2009, the central bank owned $1.8 trillion in U.S. government debt and mortgage-related securities, up from $497 billion a year earlier. As it happens, the Post points out, the Fed earnings for the year will easily top the expected earnings of the nation biggest banks, including Bank of America, Goldman
stanley cup Sachs and JPMorgan Chase. The windfall gain for 2009 is the largest on record for the Fed dating back to its creation in 1914. The Fed largest previous refund to the Treasury was $34.6 billion, in 2007. The numbers are good news for the federal budget and a sign that the Fed has
stanley cup been successful, at least so far, in protecting taxpayers as it intervenes in the economy though there remains a risk of significant losses in the future if the Fed
stanley cup sells some of its investments or loses money on its stakes in bailed-out firms, writes the Post Neil Irwin. In addition to a refund from the Fed, the Obama administration appears set to impose a new fee on fin Vlhv Death toll grows in national protests
GENEVA AP 鈥?The U.N. top human rights body agreed unanimousl
adidas campus y Friday to commission a U.N. report on systemic racism and discrimination against black people while stopping short of ordering a more intensive investigation singling out the United States after the death of George Floyd sparked worldwide demonstrations.The Human Rights Council approved a consensus resolution following days of grappling ove
adidas originals r language after African nations backed away from their initial push for a commission of inquiry, the council most intrusive form of scrutiny, focusing more on the U.S. Instead, the resolution calls for a simple and more generic report to be written by the U.N. human rights chief office and outside experts.The aim is to contribute to accountability and redress for victims in the U.S. and beyond, the resolution states.Advocacy group Human Rights Watch said the measure fell far short of the level of scrutiny sought by hundreds of civil society organizati
stanley cup ons, but nonetheless set the stage for an unprecedented look at racism and police violence in the United States 鈥?over the efforts of U.S. officials to avoid the council attention 鈥?and showed even the most powerful countries could be held to account.WATCH: House briefing explores structural racism in policingIran and Palestine signed on among the co-sponsors for the resolution condemning the continuing racially discriminatory and violent practices by law enforcement agai
