Once again we learn that QE has not helped the real economy, just bailed out the banks and corporations
Read here
Bill Mitchell: Bank of England finds QE did not increase bank lending: who would have thought
EU politics
The Local fr: France’s ‘yellow vests’ rail at police violence
France’s “yellow vest” movement demonstrated against alleged police violence in rallies across the country Saturday, as nearly 60 lawyers denounced the treatment of protesters in the courts. Read here
Climate Crisis
Michael Le Page: Heatwave in China is the most severe ever recorded in the world
A long spell of extreme hot and dry weather is affecting energy, water supplies and food production across China Read Here
Finance
Business Insider – ‘Champions League of tax avoidance:’ Uber used 50 Dutch shell companies to dodge taxes on nearly $6 billion in revenue, report says
Uber used around 50 Dutch shell companies to help reduce its global tax burden, an Australian research group found. Despite earning $5.8 billion in global revenues in 2019, Uber claimed a $4.5 billion loss for […]
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