Discover and read the best of Twitter Threads about #bailout

Most recents (12)

#Apar Industries is one among the best established companies in India, operating in the diverse fields of #electrical and #metallurgical #engineering.
@Raunak_Bits @Sachsharma12 @srslysaurabh @Agarwal_Ishu @Random_Gyan @drprashantmish6
Raw materials:
Crude #oil & #Steel
There are 3 segments: #Conductors, Transformer and speciality #oils & Power/Telecom #Cable. The revenue breakup is in the screenshot attached
Domestic revenues decline 52% YoY with lockdown in April, lower scale of operations in May-June; #Exports up 11% YoY. Management focus is on improving revenue generation from high value products. Long time consolidation in financial parameters
Read 15 tweets

While Congress is busy bailing out Corporate America and passing Bill's for Israel... Americans who were FORCED out of work by our government officials are now being evicted from their homes.

#COVID19 #coronavirus

Humanitarian disaster looms for some 28 million people in the US who are facing eviction & homelessness in the immediate future. Yet, Congress has done nothing to help regular working class America, after their shutdown & regulation…
#WallStreet #COVID19

The #BailOut plan was rolled out in August 2019 at the G7 summit of central bankers in Jackson Hole, Wyoming – months before the public was aware of any financial crisis.…
Read 4 tweets
With #Covid19 as the ultimate catalyst, the push is on to implement the financialization of nature.

The Natural Capital Coalition is made up of approx. 300 orgs/corps while working w/ thousands. Partners include #CocaCola, #Shell, #Walmart.

Those with money will own #nature.
Those w/ $ will own #nature.

The very corporations that have brought us to the precipice of #ecological #collapse - will now be appointed as the new stewards of nature. This has been dubbed (#XR Business - Elkington/Volans) as the new biosphere economy.

Let's take a look at how #Covid19 has been successfully leveraged (both fear & distraction) in order to aid the largest transformation of the global economic system in modern history. Assigning monetary value to nature ("natural capital") will replace #GDP.

Read 33 tweets
Include the true value of nature when rebuilding economies after coronavirus…

#value #rebuild  #nature #coronavirus
Cold War nuke tests changed rainfall: study…

#rain #rainfall  #ClimateChange #ColdWar
Read 8 tweets
#BeyondHeadlines: There are not-so-obvious global reasons why the #OilMarketCrash is NOT good for #India.

Heavy #QE/ currency pressure + Intense #geopolitical tension

= #India, importer & friend to all oil producers, in the crosshairs.

Thread on these impacts of #OilPrice 👇 Image
US #oilprice crashed negative for the 1st time in history. West Texas Intermediate (a US crude) traded as low as -$40.32 a barrel. So far the bulk of the losses are in US crude, -200 to -1000%! Global (Brent) crude has not gone down as much because global storage still exists.
#COVID19 #lockdown has sharply cut all travel & thus demand for oil. Excess supply of oil resulted in a shortage of #storage space, esp in North America. As they & slowly the rest of the world run out of storage, the demand for future oil contracts (futures) goes down sharply
Read 11 tweets
We need BETTER OVERSIGHT of a #bailout for the #COVID19 crisis. It's worth $5 trillion - a quarter of GDP. We need to use Phase 4 legislation to improve oversight. Let's not play small ball. (Hat tip: @kyledcheney+@mzanona) THREAD 1/12
.@RepKatiePorter, mindful that the public remembers the #bailout of #WallStreet all too well, hits the right notes: “In the wake of the financial crisis 10 years ago, there are going to be a lot of suspicions. Can we trust the Fed and the Treasury?” 2/12…
.@ChuckGrassley is adding a bipartisan tone to the discussions. “Now, more than ever, it’s critical that we ensure that this money is used as intended,” Grassley said. He’s a longtime fan of good oversight. 3/12…
Read 13 tweets
I went ahead and read the whole #bailout / #stimulusbill #StimulusPlan bill, here's my summary (note: may be a few things slightly off, but it's directionally right):

- Hospitals bailed out
- Businesses can carryback tax losses and reduce taxes from prior years (with exception of REITS). For any business that has losses, this is basically a $0.21-0.35 on the dollar bailout for any net losses in last few years
- Cash payment to americans of ~$1500, depends on family size etc
- All americans who get let go can claim unemployment, even uber drivers/self employed people/contractors
Read 9 tweets
#WallStreet sees a public health crisis as an opportunity to profit, and it shows in the McConnell #bailout plan, a multi-trillion-dollar giveaway to corporate America that @GoldmanSachs may actually run! Check it out and fight back: THREAD 1/10…
The plan envisions two pots of money for the bailout, $75 billion pot and a $425 billion pot. The smaller pot (for airlines and industries deemed important for national security) has some restrictions on it, but they are minimal 2/10
Executives couldn’t earn more than what they did the previous year (a record year for airline bosses) the restrictions last only 2 years, even though the loans from the $75 billion pot would last 5 years. No requirement to give taxpayers equity. Minimal buyback limitations 3/10
Read 10 tweets
#bailout Here's how America could kill two crises with one piece of legislation. Give all the companies asking for bailouts all the money they're asking for. Every penny. Instead of issuing more debt however, buy equity. Purchase ownership in them.
Take that aggregate equity and create a sovereign corporation that issues shares directly to every American citizen and sets up trusts for our children. Require the payment of quarterly dividends to be distributed directly via direct deposit to shareholders.
This way we wouldn't be working for "the man". We'd be the man. Encourage every business enterprise out there to come eat at the trough. Suck on the govt teat and bring the corporate socialism out into the open where we can see it and benefit from it.
Read 5 tweets
Lets talk about #Argentina and the #IMF. Specifically, lets talk about the biggest IMF #Bailout in #History...
Before we start talking about #Argentina & how the #IMF has extended to them a #Bailout that is by far the biggest in the organisation's history, let us first appreciate what the functions of the IMF are...
The #IMF’s main goal is to ensure #stability of the #international #monetary & #financial #system. It helps resolve crises, and works with its 189 member countries to promote #growth & alleviate #poverty...
Read 12 tweets
1/ The Senate Banking Comm staff reached out last week regarding @Facebook @Libra pursuant to my @ForbesCrypto article. During a conf call they indicated interest in receiving formal testimony from me. Here it is + summary follows 👇:… @DoWithCare
2/ Big takeaway--politicians that weaponize the US banking system (blocking access to disfavored industries/countries) are modern-day Herbert Hoovers bc these barriers block both unlawful & LAWFUL commerce, & these barriers caused the invention of #stablecoins in the first place.
3/ (OK, I didn't actually call them modern-day Herbert Hoovers the testimony, but I digress...) If Congress isn't happy about @facebook @Libra, it can immediately make #stablecoins irrelevant by letting #banks bank the #crypto industry (& I give v specific recommendations here:
Read 19 tweets

Remember MILLIONS LOST THEIR HOMES during #HousingCrash. And WHO CAUSED the crash? #WallStreet and #Congress in the same bed. #MaxineWaters reaped $5M from the #FannieFreddie debacle for one.

Then the Joke of a #Bailout to the tune of TRILLIONS.
2. "If you understand the basic elements behind the new dimension in American economics, you already understand how 3 decades of DC legislative/ regulatory policy was structured to benefit Wall Street/NOT Main Street.
3. The INTENTIONAL shift in fiscal policy is what created the distance between two entirely divergent economic engines."

Read that paragraph again.
Let it sink in.
That was a "planned crash" on Americans, while Wall Street and many in Congress made millions!
Read 7 tweets

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