JPMorgan Chase CEO: We are leaving the poor behind

Jamie Dimon, Chairman and CEO of blue-chip investment bank JP Morgan, has voiced his concerns that the US has been split into two, with one group benefitting from thriving corporations and the other struggling to make ends meet.

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New figures suggest shutdown cost US $3 billion in economic activity

The nonpartisan Congressional Budget Office (CBO) has estimated that the partial government shutdown resulted in US$18 billion of federal spending being delayed, which lowered the
projected level of real GDP in the first quarter of 2019 by 0.2%.

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IMF Deputy, former Federal Reserve Chair warn of another GFC

Two of the most senior figures in international finance have separately issued gloomy forecasts on the state of the world banking system and whether it is equipped to ride out another global financial crisis.

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