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Michigan Orders Flint Hospital To Reduce Legionnaires' Risks

Michigan officials are ordering a Flint hospital to take steps to reduce the risk of exposure to Legionella bacteria and Legionnaires' disease at the facility.




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Charges Dropped Against 8 People In Flint Water Scandal

Prosecutors stunningly dropped all criminal charges Thursday against eight people in the Flint water scandal and pledged to start the investigation from scratch.




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Flint Water Crisis Investigation To Start Over

All remaining criminal charges of city and state officials stemming from the Flint Water Crisis have been dismissed.




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Flint Hears From Prosecutors Who Dropped Water Charges

Prosecutors who dropped charges against eight people in the Flint water scandal explained their decision in a public forum Friday night, telling frustrated, shocked and saddened residents they must look at hundreds of mobile devices and millions of documents that a previous investigative team never reviewed.




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Former Gov. Rick Snyder Will Teach At Harvard

Former Michigan Gov. Rick Snyder is headed to Harvard University to teach, study and write on subjects related to state and local government.




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Ex-FBI Agent Defends Flint Water Probe After Criticism

A former FBI agent who investigated the Flint water scandal says the team was moving toward new charges when new prosecutors took over.




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Former Gov. Snyder Will Not Be Harvard Fellow After Backlash

Former Michigan Gov. Rick Snyder says he won’t continue with a fellowship at Harvard University following backlash over his role in Flint’s water crisis.




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Flint Registry Enrolls Residents Impacted By Water Crisis

The Flint Registry is holding in-person enrollment across the city of Flint all week. Officials are trying to track the health of residents made ill by the Flint Water Crisis.




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Frontline Gets Personal In Flint Water Crisis Film Airing Tuesday Night

Nearly 5 ½ years ago, the water source for the city of Flint was switched in an effort to save money. A disaster followed resulting in deaths, illness and mistrust of government. Tuesday at 10:00 p.m. on WKAR-TV, the documentary series Frontlin e examines the crisis by bringing to light conversations and documents never seen on television before. We spoke with Abby Ellis, the Michigan native who is the film’s director.




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Former City Councilman Neeley Ousts Incumbent Flint Mayor

Voters have elected a new mayor in Flint, Michigan, where recovery from a lead-contaminated water crisis remains a major issue.




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Childhood Well-Being In Flint Improving After Water Crisis

The Flint Water Crisis captured national attention about the dangers of lead contamination in public water supplies. Now, nearly six years after the problem was first detected, health officials are reporting on the well-being of children in Flint.




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Let’s Call It Trumpvirus

If you’re feeling awful, you know who to blame.




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The Presidency Is an Old Boys’ Club

Let’s pick someone who doesn’t keep us awake nights.




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Biden’s Best Bleeping Week

OK, you’re gonna hear a lot about Joementum.




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Is It Time to Give Trump a Grade?

Well, there’s always the good old “incomplete.”




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Here’s a Coronavirus Quiz

Test your currency with current events.




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Trump Hates Having Too Many Voters

Suddenly, the White House loves Bernie Sanders.




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Trump’s Flounder Period

What this country needs is another group with a very long name.




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Mutineers, Raise Your Hands

Almost every movie reminds Trump of … something it’s not.




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Lots to Lose on a Cruise

What happens when voyages go viral.




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BIS global liquidity indicators at end-June 2019

US dollar credit to non-bank borrowers outside the United States grew by 4% year on year at end-June 2019, to reach $11.9 trillion. Foreign currency credit denominated in euros and Japanese yen continued to expand at a faster pace than that in US dollars, growing at annual rates of 9% and 8%, respectively. US dollar credit to emerging market and developing economies (EMDEs) grew at an annual rate of 2% (to reach $3.7 trillion), though growth varied substantially across regions.




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Shaping the future of payments*

Commentary on Red Book statistics: Shaping the future of payments, November 2019




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OTC derivatives statistics at end-June 2019

Notional amounts of OTC derivatives rose to $640 trillion at end-June 2019. This is up from $544 trillion at end-2018 and the highest level since 2014. It marks a continuation of the trend increase evident since end-2016. The gross market value of OTC derivatives, summing positive and negative values, also rose, from $9.7 trillion to $12.1 trillion, led by increases in euro interest rate derivative contracts. The lastest semiannual data benefit from the addition of more comprehensive information for smaller dealers collected as part of the BIS Triennial Survey. Dealers in emerging market economies (EMEs) accounted for 9% of the outstanding notional amounts of foreign exchange and commodity derivatives globally at end-June 2019, up from 7% at end-June 2016.




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BIS Statistical Bulletin, December 2019

The BIS Statistical Bulletin is published quarterly and summarises all BIS statistics in tabular form. It includes introductions to each data set and a glossary of statistical terms.




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BIS international banking statistics at end-September 2019

Global cross-border bank claims continued to expand rapidly, growing at 9% year on year. As in previous quarters, the expansion was mainly due to claims on the non-bank sector, which grew at 12% year on year. The growth in claims on non-bank financial institutions was particularly strong (+17%). European banks' cross-border lending, which went through a prolonged contraction after the Great Financial Crisis (GFC) of 2007-09, has been expanding again since the start of 2018.




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BIS global liquidity indicators at end-September 2019

US dollar credit to non-bank borrowers outside the United States grew by 5% year on year at end-September 2019, to reach $12.1 trillion. Euro-denominated credit outside the euro area continued to expand at a fast pace (9%). In contrast, the growth rate of yen-denominated credit outside Japan fell to 1%. Strong debt securities issuance drove expansions in US dollar and euro credit to emerging market and developing economies (EMDEs). US dollar credit to EMDEs grew at an annual rate of 3% (to reach $3.8 trillion); euro credit to EMDEs expanded by 9% (to reach €0.7 trillion).




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Residential property prices: selected series (nominal and real)

Global real residential property prices rose 1.4% year/year in aggregate in Q3 2019, reflecting subdued developments both in advanced (+ 1.5%) and emerging market economies (+ 1.3%).




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Debt securities statistics

The debt securities statistics provide quarterly data on borrowing in money and bond markets, distinguishing between international and domestic markets.




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Exchange-traded derivatives statistics

The exchange-traded derivatives statistics provide monthly data on the turnover, and quarterly data on the open interest, of foreign exchange and interest rate futures and options. They refer to notional amounts, which enables comparisons of levels and trends in activity across different markets.




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BIS international banking statistics at end-December 2019

The annual growth rate of global cross-border bank claims fell to 6%, down from 9% at end-September 2019. The short-term share of foreign banks' claims, a key indicator of external vulnerability, is elevated for a number of borrowing emerging market and developing economies (EMDEs). Borrowers in EMDEs had untapped credit lines of $610 billion, or roughly 10% of the stock of global foreign claims on EMDEs at end-2019. Saudi Arabia joined the reporting population for the locational banking statistics (LBS) with data starting from Q4 2017, bringing the number of countries reporting these data to 48.




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Locational banking statistics

The locational banking statistics provide quarterly data on the outstanding claims and liabilities of internationally active banks located in reporting countries against counterparties residing in more than 200 countries. They capture the currency composition of banks' balance sheets and the geographical breakdown of their counterparties.




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Consolidated banking statistics

The consolidated banking statistics provide quarterly data on the worldwide consolidated positions of banks headquartered in reporting countries. They are designed to analyse the exposure of internationally active banks of different nationalities to individual countries and sectors.




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BIS global liquidity indicators at end-December 2019

US dollar credit to non-bank borrowers outside the United States grew by 6% in 2019, to reach $12.2 trillion at end-2019. The annual growth rate of euro-denominated credit outside the euro area slowed to 6%, while that of yen-denominated credit outside Japan turned negative (-1%). In 2019, euro-denominated credit overtook US dollar-denominated credit as the largest stock of foreign currency credit to emerging Europe. The debt securities share in US dollar credit outside the United States has risen considerably over the past decade across a number of major borrowing regions.




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Global liquidity indicators

The term global liquidity is used by the BIS to mean the ease of financing in global financial markets. Credit is among the key indicators of global liquidity, and is the focus of the quarterly indicators estimated by the BIS.




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Democracy Now! 2020-05-01 Friday

Workers call for a general strike on May Day; Joe Biden denies Tara Reade's sexual assault allegations. We speak with her neighbor from the 1990s who says Reade told her the story decades ago; Protesters demand more COVID-19 relief & tests in Puerto Rico.




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Democracy Now! 2020-05-08 Friday

Two white men are charged with the murder of Ahmaud Arbery, more than two months after his killing; The pandemic hits African Americans hardest. We speak with NYT Magazine's Linda Villarosa; Dr. Leana Wen on what the U.S. faces as states begin to reopen.




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The Economic Stimulus/Relief-Debt Paradox

Long-term interest rates have remained low despite a surge in the issuance of sovereign debt to mitigate the economic impact of the pandemic.




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Consumer Prices Set to Fall, Mute Inflation?

Inflation pressure could be weak even after consumer demand for non-discretionary goods and services begins to grow as the economy gets back on its feet.




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Conflicting Narratives

At a time of conflicting narratives, a range of markets from equities to energy to gold may persist in volatility until one narrative gains the upper hand.




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Equities: A Clash of Narratives

Equities are likely to keep trading in volatile ranges until the many conflicting narratives in the market give way to a singular message for investors.




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The Duration Risk in Equities

Equities have rallied since 2017 and yet the expected growth in dividends has declined since then. Is the fall in long-term interest rates to be blamed?




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Equities: Will Early Trends in Select Sectors Last?

Information technology, health care, and consumer discretionary stocks that outperformed in the last decade have done well in the first four months of 2020.




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Fertilizer Monthly Update – May 2020

See volume, open interest, and other trading highlights for Fertilizer swaps and futures markets offered by CME Group.




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Gold Outshines Silver as Economics Widen Price Ratio

Gold and silver prices often move in tandem, but the gap between them widened by 31% January through April in line with a trend that began nine years ago.




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US Policy Responses to Labor Market Distress

A look at support and regenerative policy initiatives by the Federal Reserve and the Government as more than 20 million jobs were lost in April 2020.




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Biden’s Rise Gives the Establishment One Last Chance

If he fouls this up, we’re doomed.




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Pandemics Kill Compassion, Too

You may not like who you’re about to become.




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Screw This Virus!

We had to be set apart in order to feel together.




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The Moral Meaning of the Plague

The virus is a test. We have the freedom to respond.




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Mental Health in the Age of the Coronavirus

The struggle between fear and comfort.