Costa Rica protests the IMF

Costa Rican President Carlos Alvarado on Sunday withdrew a negotiation proposal with the International Monetary Fund and called for a national dialogue after a wave of protests in the country. He invited political, business, trade union and academic sectors for talks on a potential economic solution as the country struggles under a fiscal deficit that …

‘Free money’ for banks as investors pile into fractured gold market | Reuters

The world’s largest 50 investment banks are on track to double their income from precious metals this year to around $2.5 billion, most of it from gold, Coalition, a banking consultancy, told Reuters. “$1.2 billion was the earnings pool last year. This year we already crossed that number,” said Coalition research director Amrit Shahani. The …

Billionaires are profiting from a pandemic – Baltimore Sun

Since the start of the pandemic, American billionaires have been cleaning up. As more than 50 million Americans filed for unemployment insurance, billionaires became $637 billion richer. Facebook CEO Mark Zuckerberg’s wealth has ballooned by 59%. Amazon CEO Jeff Bezos’ wealth has increased by 39%. Walmart’s Walton family has added $25 billion. Big drug company …

Ultra-Rich Tiger 21 Club Stockpiles Cash as U.S. Economy Fears Grow

(Bloomberg) -- A group of multimillionaire investors in the U.S. are hoarding cash at unprecedented levels.Tiger 21, a club of more than 800 investors, reported Thursday that its members have raised their cash holdings to 19% of their total assets on concerns over the economic consequences of the covid (Bloomberg) -- A group of multimillionaire …