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UN panel says slavery reparations are now a legal obligation — Aug 31, 2026A UN committee’s General Recommendation 40 declares that states must implement comprehensive reparatory measures for people of African descent affected by the transatlantic slave trade, encompassing monetary, non-monetary, and structural remedies and marking a shift from historical responsibility to present obligations. The guidance urges actions such as restitution, rehabilitation, commemoration, truth-telling, and broad institutional reforms to address ongoing racial discrimination and disparities rooted in slavery.

Tom Gallagher UN can issue all the "guidance" it wants, it has zero authority to make any country pay anything.

Brazil's economic growth slows to 0.5% as agriculture offsets weak demand — Sep 1, 2026Brazil's economy expanded 0.5% quarter-on-quarter in Q2 2026, slowing from Q1's pace and up 2.0% year-over-year, with agriculture driving the gain at 2.8% while consumption contracted 0.4% as high interest rates weighed on households. Analysts see continued headwinds from tight monetary policy and limited momentum in services and industry ahead of the October election.

Derek Foss Agriculture keeps saving the numbers while regular families feel none of it in their wallets. High rates are crushing consumption.

Fed's Hammack says rates aren't tight enough to curb inflation — Sep 4, 2026Cleveland Fed President Beth Hammack argues that monetary policy is not restrictive enough to curb inflation and has urged action, citing data and local input prices as justification for a rate increase. Markets increasingly expect a hike, with September odds around 60%+ following her July dissent, as investors weigh additional tightening against ongoing inflation concerns.

Dana Whitfield Markets pricing in 60% odds after one dissent seems like an overreaction. Let's see the actual jobs and CPI numbers first.

Video — YouTubeJon on Trump's Meme Assault on Canada & the Alternate Reality He's Constructed | The Daily ShowThe Daily Show · 8.8M views · Sep 9, 2026

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UBS reverses course, now expects two more Fed rate hikes in 2026 — 5dUBS now expects the Federal Reserve to lift rates by 25 basis points in September and December 2026, reversing earlier calls for no policy change this year and signaling tighter monetary policy ahead. The shift nudges investors toward rate‑resilient assets and sector tilts while cautioning on duration‑heavy holdings as markets reassess growth and inflation dynamics.

Elena Vasquez Funny how these forecasts flip every few months. Feels like guessing with extra steps.

Citi delays Fed rate-cut forecast to 2027 after strong jobs data — Sep 4, 2026Citigroup now expects the Federal Reserve to begin easing in June 2027 with three 25-basis-point cuts in June, September, and December 2027, after August payrolls rose 162,000 and the unemployment rate held at 4.1%, prompting a shift from labor-market concerns to inflation trajectories. The forecast contrasts with a broader market that still frets about inflation, keeping Citi's outlook notably dovish relative to peers who are more tilted toward earlier hikes or prolonged tight monetary policy.

Sam Okafor Funny how these forecasts jump around every month depending on one jobs report. Ask me again in six months.

Bessent downplays yen weakness, defers to Bank of Japan on rates — Aug 30, 2026US Treasury Secretary Scott Bessent said the yen moves are pretty well contained and not disorderly, signaling patience for BoJ Governor Kazuo Ueda to set policy pace and suggesting Japan may have reached the end of Abenomics under Prime Minister Sanae Takaichi. As the G20 gathering approaches, he also indicated robust talks with China and a shift toward letting Tokyo manage monetary policy, while avoiding fresh intervention and watching incoming data for further steps.

Hand of God ball sells for $3.35 million — Aug 22, 2026The Adidas Azteca ball used by Diego Maradona in the Hand of God and the Goal of the Century sells for about $3.35 million at auction, well below the $10 million estimate and even lower than some sports-memorabilia records. Across multiple reports, the ball’s storied history — including decades in a referee’s possession and its central role in one of football’s most famous moments — underscores its enduring cultural and monetary value for collectors.

Global Yields Surge to Two-Decade HighFinance — Aug 16, 2026Global bond markets are muting risk appetite as euro-area yields push toward multi-decade highs amid Middle East tensions, with Germany’s 10-year around 3.20% and the ECB anticipated to lift deposit rates to about 2.76% by 2027. Meanwhile, a broad shift in monetary policy is under way as markets price widespread rate hikes outside the U.S., with inflation pressures and AI-led spending fueling divergence, reduced demand for U.S. Treasuries, and a push toward bullion as a hedge, challenging bonds’ traditional diversification role.

Japan Q2 GDP Miss; BoJ Policy in FocusFinance — Aug 12, 2026Japan’s economy is expected to grow 0.5% QoQ in Q2 with inflation returning to the BoJ’s 2% target as CPI prints around 2.0% headline and 1.8% core, while M2 money supply remains a steady 2.2% YoY, signaling langsam but steady liquidity alongside a 1.2% annualized GDP growth in Q2. In China, M2 growth slowed to 7.7% YoY in July, undershooting expectations and underscoring that monetary easing is not yet translating into stronger credit demand amid deflationary pressure and a weak property sector, with a growth target near 5% in doubt.

Brent tops $100 as Red Sea tensions rise — Jul 23, 2026Brent crude rose above $100 a barrel as Houthi attacks on Saudi oil tankers in the Red Sea heightened concerns over disruptions to key export routes like Bab al-Mandeb, signaling renewed geopolitical risk to global oil supplies. The price surge reflects potential supply constraints and could influence inflation pressures and monetary policy, with U.S. and regional tensions adding to the risk outlook.

Video — YouTubeA tactical genius in the stands?! 🤯 #ShortsDistantMoments · 3.4M views · Sep 11, 2026

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Foundry's BIP-110 Vote Tests Miner Consensus — Jul 22, 2026Foundry USA, which controls about a third of Bitcoin’s hashrate, opened a hashrate-weighted vote on whether to signal support for BIP-110, counting non-responses as No and requiring 51% of participating hashrate to switch to Yes; the voting window runs until early August at block 961,632. The proposal would temporarily cap non-monetary data in blocks to curb Ordinals, but critics warn it could freeze funds or invalidate ordinary transactions, and current support is well under 1%, leaving activation unlikely despite Foundry’s potential influence.

Gold price surges Rs4,700 per tola in PakistanFinance — Jul 21, 2026Gold prices in Pakistan jumped about Rs 4,700 per tola to Rs 429,236, with 10 grams up by Rs 4,029 to Rs 368,000, as international bullion gains propelled local markets and silver rose to Rs 6,396 per tola. The rally tracked a global rise to roughly $4,068 per ounce, with investors weighing geopolitical and inflationary pressures that could influence futures and monetary policy.

BLM Org Asks ‘White Folks’ For Juneteenth Reparations As Finances Fizzle — Jun 19, 2025A nonprofit affiliated with the Black Lives Matter (BLM) movement is asking “white folks” for monetary reparations as its finances have dwindled in recent years. Black Lives Matter Grassroots made a series of demands…

‘They Own Inflation’: Charles Payne Rips Harris For Pulling Wool Over Eyes Of Voters On Economic RecordReporting — Aug 19, 2024Fox Business host Charles Payne said Monday that Vice President Kamala Harris was “deflecting” voters’ attention away from the failure of the Biden administration’s application of “modern monetary theory” by calling for…

‘Massive Financial Disparity’: Republican Leadership Laments Dire Fundraising SituationReporting — Sep 3, 2024Behind closed doors and in public appearances, GOP leaders are raising the alarm over the commanding monetary lead Democrats have built up as November’s election inches closer. Democrats had an advertisement spending…

JD FOSTER: The Fed Sits Under Whose Tent? — Sep 9, 2025Just how independent is the Federal Reserve? Former Texas Sen. Phil Gramm and former Texas Rep. Jeb Hensarling recently commented on the Federal Reserve’s independence with respect to conducting monetary policy. On…

JD Foster: A Data Dependent Fed Is A Perpetually Too Late Fed — Aug 22, 2025One phrase heard repeatedly in recent years is that monetary policy will be “data dependent.” In his Jackson Hole remarks, Chair Powell seems to have avoided the phrase while repeatedly emphasizing its contents with…

Video — YouTubePapoose "Jezebel" Official Music VideoPapoose · 222.4K views · Sep 11, 2026

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‘Close the F***ing Door’: Fed Chair Interrupted As Climate Protesters Storm StageReporting — Nov 10, 2023Fed Chairman Jerome Powell spoke at the International Monetary Fund’s annual research conference in Washington, D.C., Thursday, but his presentation didn’t go exactly as planned. Powell had been speaking for less than a…

McCarthy Quiet as Massive Monetary Tie to FTX Is UncoveredReporting — Jan 9, 2023A former co-CEO of the disgraced and bankrupt cryptocurrency exchange FTX donated to House Speaker Kevin McCarthy, according to federal records. Federal Election Commission records show that in the 2022 campaign cycle…

Op-Ed: Here Are Some Things the Government Should Try as Inflation Spirals Out of ControlOpinion — May 25, 2022“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” — Professor Milton Friedman “You want to…

Employees Discover Dragon Plushy Left at Airport, Take It on Tour of the BuildingReporting — Apr 11, 2021Many of us, as children, have experienced the crushing realization that we have lost a prized possession. It happens to adults, too, and whether the item is monetarily valuable or deeply sentimental, the moment of panic…

Fed on Hold as Officials Weigh Pandemic Against Vaccines, Fiscal SupportReporting — Jan 27, 2021The Federal Reserve is expected to keep U.S. monetary policy locked in crisis-fighting mode at its meeting ending on Wednesday as policymakers assess an economy still struggling through the shock of a pandemic but…

With New Monetary Policy Approach, Fed Lays Phillips Curve To RestReporting — Aug 28, 2020One of the fundamental theories of modern economics may have finally been put to rest. In the several years before the coronavirus pandemic took hold of the global economy, Federal Reserve policymakers watched as the…

Airline Bailouts? Cash Handouts? Debate Deepens on Inoculating Economy Against CoronavirusReporting — Mar 17, 2020The United States and other rich countries need to start spending their way out of the coronavirus crisis, White House advisers, the International Monetary Fund and business groups said Monday, amid growing market panic…

Video — YouTubeThe creators of “South Park” say the show is getting a new name: "South America” #shortsCBS Evening News · 796.6K views · Sep 11, 2026

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