Month: November 2019

PBOC Cuts Interest Rate for One Year Loans to Support Banks

The People’s Bank of China offered 200 billion yuan ($29 billion) of one-year medium-term loans on Monday. The rate was lowered by 10 basis points to 3.15%, the lowest since 2017. The central bank also added 100 billion yuan of funds via 7-day reverse repurchase agreements, resulting in a net 700 billion yuan withdrawal of money from markets as some 1 trillion yuan of reverse repos matured on Monday.

You’ll Never Know Which Candidate Is Electable

In a beige reception hall in a Des Moines suburb, over paper plates piled with the remains of a Monday morning continental breakfast, Sen. Bernie Sanders urged a packed house of Iowans to manifest their dreams. Imagine an America where cancer only kills you, rather than also rifling through your wallet. Visualize a future where no American child has to pay off her grandmother’s student loans. Cynicism is high and more than a quarter of us believe the American Dream is unattainable, but Sanders’s stump speech offered hope. “Everything is impossible until it’s not,” he said. The crowd went wild.

How Sanders Held Off Buttigieg And Klobuchar In New Hampshire

On Tuesday, as expected, Sen. Bernie Sanders won the New Hampshire primary, cementing his position as the Democratic front-runner for president. With 97 percent of the expected vote counted,1 Sanders had 26 percent of the vote, while former South Bend, Indiana, Mayor Pete Buttigieg had 24 percent. The big surprise of the night was Sen. Amy Klobuchar, who finished third with 20 percent. After those three, there was a big drop-off: Sen. Elizabeth Warren finished fourth with 9 percent, and former Vice President Joe Biden ended up fifth with 8 percent.

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