The Financial Time is where the ruling class says what it thinks, behind the safety of a paywall.
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Yup. The corporate debt bubble was about to burst, and the coronavirus shutdown provided perfect cover for a taxpayer financed bailout of those obligations. These corporate bailouts are not for the corporations or the workers; they're for the bondholders of these corps.
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I was a copy editor & writer for the FT. And what impressed me was their unwillingness to bow to politicized journalism. They had op-ed pages for that. A business paper that wants its readers to have straight-up info from experts that helps them understand the world
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And, yeah, definitely for the ruling class.
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Dems coulda looked like heroes if they just presented a clean bill that removed the slush fund. Instead they threw in a bunch of fantasy stuff that will never get through and the story is about how both sides are ridiculous.
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Luce and other FT journalists understand their beats enough to know what it looks like to juice the markets sufficiently for people/corporations/institutions who took a beating over recent weeks can cash out.
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If you listen to
@EdwardGLuce on Deep State Radio you can tell he is shockingly progressive.Thanks. Twitter will use this to make your timeline better. UndoUndo
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pillagarchy
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