ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 19 11:27

The Price Of Empire

Why America and Britain Are Self-Destructing (And What the World Can Learn From it)

It’s a striking fact of today’s world that the two rich societies in shocking, swift, sharp decline are America and Britain. Nowhere else in the world, for example, are real income, life expectancy, happiness, and trust all plummeting, apart from maybe Venezuela (No, “but at least we’re not Venezuela!” is not the bar to aim for, my friends.)

Their downfall is, of course, a self-inflicted catastrophe. But the interesting question is: why? And what does it tell us about what it takes to prosper and thrive in the 21st century, which is something that America and Britain clearly aren’t doing, and maybe aren’t capable of doing?

Webmaster's Commentary: 

This is one of the most brilliantly said observations I have read, on the current situations in the Unhinged, Surveilled State of America.

Societies, just like the world around us, have life cycles. There is a birth, a flowering, and ultimately, a death, sometimes followed by a rebirth - a renaissance - of something that works much better; there are no guarantees here, however.

Right now, in their staggeringly brutal will to hold on to their power and possessions at any cost, the masters of the American universe are losing their grip, both on the narrative, and the reason these everlasting wars need to be pursued to the point of societal ruin.

Jan 19 11:02

Trump Sanctions Against Venezuela Have Decimated Oil Production

The Trump administration is evaluating oil sanctions on Venezuela now. The sanctions that are already in place lead to many deaths and make an economic recovery practically impossible, says CEPR’s Mark Weisbrot

Jan 19 11:01

Progressive Pandering - Don't Be So Sure Hyperinflation Can't Hit The U.S.

Some progressives back piling on even more debt to pay for social programs. That could be risky...

Discussions of big government spending programs often revolve around the question of how to pay for them. For example, Representative Alexandria Ocasio-Cortez touted her proposal for a 70 percent tax rate on income above $10 million by saying it would help pay for the Green New Deal, a broad package of environmental and economic initiatives.

Jan 19 10:08

Turkey says Syria regime forces shouldn't be allowed in Manbij

Turkey on Friday insisted Syrian regime forces should not be allowed in Manbij as US troops withdraw, as proposed by a US-backed Kurdish militia viewed as terrorists by Ankara.

The strategic northern city has been held by the Syrian Kurdish People's Protection Units (YPG) militia since 2016 after they recaptured the territory from Islamic State jihadists.

But Ankara, who says the YPG is a "terrorist offshoot" of the outlawed Kurdistan Workers' Party (PKK), has repeatedly called for the militia to leave the city.

"The YPG's efforts to stick the regime in Manbij must absolutely not be allowed," Turkish Foreign Ministry Hami Aksoy said during a press conference in Ankara.

Backed by Washington, the militia has spearheaded the fight against IS but was taken aback when President Donald Trump made the shock decision to pull out 2,000 American ground forces from Syria.

Four Americans, including two US soldiers, were killed this week in Manbij in a suicide attack claimed by IS.

Webmaster's Commentary: 

I don't know precisely what Erdogan is thinking here, but.... if, in fact Manbij is, technically, Syrian territory, it should be ceded to the Syrian military.

This is a very delicate balancing act between Syria, Turkey, Russia, and the US, and if not handled with a great deal of diplomatic finesse, could easily explode into more violence.

And I seriously would like to hope and pray, that the world leaders involved in this standoff, will come to their collective senses, and not cause any more misery for the Syrian people than they have already been dealt, courtesy of the jihadis, and those who trained, funded, aided them medically, and supported them.

Come on, guys; the world knows who you are at this point!!!!

Jan 19 09:59

Forget the Trade War. China Is Already in Crisis

A trade pact, if it happens, may soothe investors, and perhaps even juice economic growth—at least temporarily. But it won’t bring an end to China’s woes. While tariffs are a nuisance, the real problems run deeper, embedded in China’s financial structure.

What goes widely unnoticed is that China is already in crisis. No, it’s not the sort of hold-on-for-dear-life collapse the U.S. had in 2008 or the surprising, ferocious meltdowns the Asian Tiger economies experienced in 1997. Nonetheless, it’s a crisis, complete with gutted banks, bankrupt companies, and state bailouts. Since the Chinese distinguish their model of state capitalism as “socialism with Chinese characteristics,” let’s call this a “financial crisis with Chinese attributes.”

Jan 19 09:52

SUGAR INDUSTRY QUIETLY PAID SCIENTISTS TO POINT BLAME AT FAT

n the 1960s, the sugar industry funded research that downplayed the risks of sugar and highlighted the hazards of fat, according to a newly published article in JAMA Internal Medicine.

The article draws on internal documents to show that an industry group called the Sugar Research Foundation wanted to “refute” concerns about sugar’s possible role in heart disease. The SRF then sponsored research by Harvard scientists that did just that. The result was published in the New England Journal of Medicine in 1967, with no disclosure of the sugar industry funding.

The sugar-funded project in question was a literature review, examining a variety of studies and experiments. It suggested there were major problems with all the studies that implicated sugar, and concluded that cutting fat out of American diets was the best way to address coronary heart disease.

Webmaster's Commentary: 

Proving that Harvard is not above creative lying, when the money is concerned is ample, but does it so tastefully, completely covered in the clothing of "
pure science", that few people are the wiser, when it comes to the real facts.

Jan 19 09:50

Trucking Companies At War Over This New Niche Of E-Commerce Delivery

The battle for new delivery business spurred by the significant rise in large products ordered online is officially on.

And as consumers get more comfortable buying larger items like appliances, grills, treadmills and even furniture online, trucking companies like JB Hunt Transport Services Inc. are knee-deep in the fray to secure the ensuing delivery business that comes with it.

JB Hunt, for instance, announced Wednesday that it has agreed to pay $100 million for a company in New Jersey that specializes in delivering large items to consumers. This is the second such purchase made by JB Hunt in the delivery space in less than two years.

Jan 19 09:48

 LOCKED UP: HOW THE MODERN PRISON-INDUSTRIAL COMPLEX PUTS SO MANY AMERICANS IN JAIL

ou cannot have a discussion on the prison-industrial complex without discussing private prisons. As of 2018, private prisons housed 8.41 percent of incarcerated persons in the United States. While private prisons date back to the colonial days, the modern privatized prisons as we think of them only date back to the 1980s. This was initially due to the explosion of prison population and resulting prison overcrowding that some have tied to the War on Some Drugs.

This spike in incarceration, however, is far more closely tied with the rise of private prisons. Between the years 1925 and 1980, the prison population in the United States remained constant as a proportion of the overall population. In 1983, however, two things happened: First, the first private prisons came into operation. Second, the prison population as a proportion of the overall population began to explode.

Webmaster's Commentary: 

The Private Prison Industrial Complex, is one of the worst ideas in the world, and many US politicians get money donated from these institutions, rather regularly.

They promise that they can do it more cheaply than do publicly funded prisons, and that may be true; but what happens to that prisoner, before they are released, if they are not released in a coffin, can be a monumental hazard to their physical, and mental health.

Food is substandard; Medical care: lacking in the extreme; and almost zero rehabilitation, which will nearly insure recidivism.

How Private Prisons Increase Recidivism

Study finds private prisons keep inmates longer, without reducing future crime

Private Prison Confinement on Offender: Recidivism Evidence from Minnesota This article goes on to state: "Using multiple measures of recidivism and private prison confinement, 20 Cox regression models were estimated. The results showed that offenders who had been incarcerated in a private prison had a greater hazard of recidivism in all 20 models, and the recidivism risk was significantly greater in 8 of the models. The evidence presented in this study suggests that private prisons are not more effective in reducing recidivism, which may be attributable to fewer visitation and rehabilitative programming opportunities for offenders incarcerated at private facilities."

New Zeaaland Recidivism-forcused: Private Prison Contracts a Model for the States

The US Government, psychologically, has never been able to make up its mind, about punishment, versus rehabilitation, when it comes to its prison population; therefore, it repeatedly fails at both.

Jan 19 09:18

GLOBAL DEBT TOPS 244 TRILLION DOLLARS AS "NEARLY HALF THE WORLD LIVES ON LESS THAN $5.50 A DAY"

The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated.

Every single day, the benefits of our labor are going to enrich somebody else. A portion of the taxes that are deducted from your paycheck is used to pay interest on government debt. A portion of the profits that your company makes probably goes to servicing some form of business debt. And most Americans are continuously making payments on their mortgages, their auto loans, their credit card balances and their student loan debts. But most people never stop to think about who is becoming exceedingly wealthy on the other end of these transactions. Needless to say, it isn’t the 46 percent of the global population that is living on less than $5.50 a day.

Jan 19 09:16

PIPELINE ERUPTS IN FIERY EXPLOSION IN MEXICO, KILLING AT LEAST 66

A gas pipeline in the Mexican state of Hidalgo exploded on Friday night, killing at least 21 people in a blast the authorities said was caused by an illegal tap used to steal fuel.

Omar Fayad, the governor of Hidalgo, said on Twitter that more than 70 others were injured in the explosion in Tlahuelilpan, a town about 80 miles north of Mexico City.

The state-run energy company, Pemex, said that the explosion was caused by an illegal fuel tap at the Tuxpan-Tula pipeline.

Webmaster's Commentary: 

Pemex has a long, and sordid, history of covering up safety and health issues with their plants, and their explanation of what happened here, is probably no accident. Take a look at the following, if you do not believe me:

Pipeline Erupts in Fiery Explosion

Safety Issues at Pemex

Pemex. Pemex has a long history of alleged violation of human and labour rights regarding engineers, unrightfully considered to be "trusted workers" who have tried to unionize since 1995 and succeeded, after several repression episodes, in doing so in 2008 and 2009, although at a high human cost.

Mexican Blast Stirs Anger, Criticism

https://www.business-anti-corruption.com/country-profiles/mexico/

You catch my drift; anything that Pemex may have done to create these safety hazards, leading to this explosion, will be just swept under the corporate rug, as simply the cost of business as usual.

Jan 19 08:50

Sinopec Ready To Pour $3 Billion In Iran Oil

China’s largest crude oil refiner, Sinopec, has offered US$3 billion to Iran’s state oil company, NIOC, to jointly expand the development of a major field in Iran, the Wall Street Journal reports, citing sources in the know.

The sources, who wished to remain unnamed, said the Chinese company considered the offer safe from the sanctions the United States reimposed on Iran last November because the initial deal for the development of the Yadavaran field was inked back in 2007.

The offer, according to the Wall Street Journal, was made last month but it is only now coming to light as media and analysts speculate whether Washington will extend the sanction waivers granted to eight Iranian oil importers will be extended beyond the original deadline.

Jan 19 08:50

OPEC Prepared To Call ‘Extraordinary Meeting’ As Oil Falls

Just a couple of weeks after OPEC and its partners agreed to implement another round of production cuts, the cartel is ready to extend these cuts as international prices continue to fall.

Reuters reports, citing the oil minister of the UAE, that OPEC is prepared to call an extraordinary meeting as it enters “whatever it takes” mode yet again.

Earlier this month OPEC, Russia and nine more producers agreed to reduce their combined oil output by 1.2 million barrels daily, with OPEC’s share at 800,000 bpd. However, the news failed to impress a market worried about global economic growth and consequently crude oil demand.

Jan 19 08:37

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis.

It’s a 5.1 percent increase from 2017 as the bank raked in a record profit last year. Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the New York-based bank said in a regulatory filing. It explained that board members have approved Dimon’s compensation based on the bank’s “strong performance in 2018.”

Jan 18 23:41

Bu muh IQ


There a lot of factors in economics that are more important than a few IQ points. Pack your basic bitch bags and go home.

Jan 18 17:58

4 retailers on the 2019 death watch

Jan 18 16:25

Stay Alert

Jan 18 15:06

The Mother Of All Short Setups?

Jan 18 14:26

Tesla to DUMP 7% of workforce….

Jan 18 13:40

Trump Meets With Senior White House Officials About Infrastructure Plan

President Trump's battle with the Democratic leadership over funding for his border wall has been perhaps the most rancorous political fight since the dawn of his administration - eclipsing even the contentious confirmation of Supreme Court Justice Brett Kavanaugh. And though the government remains shut down with no accord in sight, the president and a coterie of his senior advisors are already planning to revive their push for Trump's promised infrastructure package - one of the few issues where Democrats and Republicans are expected to find a measure of comity.

Jan 18 13:07

Being "Data Dependent"

Jan 18 11:37

AMNESTY INTERNATIONAL’S TROUBLING COLLABORATION WITH UK & US INTELLIGENCE

SOURCE: MINT PRESS

Amnesty International, the eminent human-rights non-governmental organization, is widely known for its advocacy in that realm. It produces reports critical of the Israeli occupation in Palestine and the Saudi-led war on Yemen. But it also publishes a steady flow of indictments against countries that don’t play ball with Washington — countries like Iran, China, Venezuela, Nicaragua, North Korea and more. Those reports amplify the drumbeat for a “humanitarian” intervention in those nations.

Amnesty’s stellar image as a global defender of human rights runs counter to its early days when the British Foreign Office was believed to be censoring reports critical of the British empire. Peter Benenson, the co-founder of Amnesty, had deep ties to the British Foreign Office and Colonial Office while another co-founder, Luis Kutner, informed the FBI of a gun cache at Black Panther leader Fred Hampton’s home weeks before he was killed by the Bureau in a gun raid.

Jan 18 11:35

MALAYSIA TO GOLDMAN: PAY US $7.5 BILLION AND WE WILL DROP 1MDB CHARGES

The Malaysian government has a message for Goldman Sachs CEO David Solomon: Your disingenuous, blame-deflecting apology for Goldman's role in one of the biggest financial frauds ever perpetrated in Asia isn't going to cut it.

According to Bloomberg, Finance Minister Lim Guan Eng told reporters on Friday that Malaysian prosecutors might consider dropping the criminal charges brought last month against the bank, several Asian subsidiaries and two of its employees (who have also been indicted in the US) if the bank agrees to pay back the total amount that the Malaysian government believes was looted during the fraud.

Webmaster's Commentary: 

It will be interesting to see how this progresses; the wealthy seldom eat their own.

Jan 18 11:33

MONSANTO/BAYER MOVING TO GENOME EDIT FRUITS AND MORE

Not surprising, Monsanto, today hidden behind the Bayer logo, as the world leader in patented GMO seeds and the probable carcinogenic Roundup herbicide with glyphosate, is attempting to quietly patent genetically modified or GMO varieties of fruits using controversial gene-editing. The “beauty” of this for Monsanto/Bayer is that in the USA, according to a recent ruling by the US Department of Agriculture, gene-edited agriculture needs no special independent testing. The developments are not good for human health or safety, nor will it do anything to give the world better nutrition.

Webmaster's Commentary: 

Hey, what could possibly go wrong with this?!?

GMO veggies and Frankenfruits; if I have a choice, I will not eat them, thank you very much.

Jan 18 11:32

NEW Hatred of the White Hetero Male (4/7)- Dr. Paul Craig Roberts, Herland Report TV

Herland Report TV (HTV): "What happened in the US was the liberal-Left wing class ceased to represent the working class against the capitalist exploit employer. They created a new victim group and a new exploiter: the white heterosexual male", says Dr. Paul Craig Roberts. SUBSCRIBE to The Herland Report TV Channel: https://www.youtube.com/user/HanneNab...

Dr. Roberts is chairman of The Institute for Political Economy, former editor of Wall Street Journal and a well-known author of many books. He is awarded the Treasury Department’s Meritorious Service Award for “his outstanding contributions to the formulation of United States economic policy.

Jan 18 11:30

ZIMBABWE CUTS INTERNET AMID CRACKDOWN

Zimbabwe has blocked Facebook, Twitter and WhatsApp messaging amid a deadly crackdown on days of violent protests.

A coalition of local human rights groups says at least 12 people have been killed and many more beaten and tortured by security forces this week.

The Zimbabwe Human Rights NGO Forum accused the authorities of cutting off the internet "to mask the massive human rights violations".

The protests were sparked on Monday by a sharp rise in the price of fuel.

Africa Live: More on this story and others from the continent
Despair, anger and anxiety in Zimbabwe's fuel queue
The government has blamed the opposition and political rights groups for the protests, which has seen riot police clashing with protesters in the capital, Harare, and the southern city of Bulawayo after they lit fires and blocked roads using rocks.

Webmaster's Commentary: 

One has to wonder: how long Zimbabwe's military will continue to take the government's side, or will there be a moment, when alliances will shift?!?

Jan 18 11:26

‘SOMEONE WILL MAKE MONEY BY STOKING FEARS’ – RON PAUL ON NEW US MISSILE DOCTRINE

The new US missile defense strategy is a boondoggle for the military-industrial complex, which will drive the US into more debt and can bring misery upon multiple nations by fueling an arms race, ex-US Congressman Ron Paul said.
Plans to weaponize space with a new layer of sensors unveiled by Trump as part of his administration's Missile Defense Review is an unnecessary and hard-to-implement project that is sure to enrich the military-industrial lobby, Paul told RT.

"The biggest issue here is someone is going to make a lot of money on it. It reminds me of Star Wars. They've never really developed it, but people got excited about it," Paul said, drawing parallels between President Donald Trump's new endeavor and former President Ronald Reagan's Strategic Defense Initiative program.

Webmaster's Commentary: 

President Trump has truly devolved into the borg of America's military/industrial complex; for him, resistance was, and is, futile, courtesy of the marvelous support for him, by this industry, due to soaring profits from these never-ending wars.

Jan 18 11:09

"STAR WARS" RETURNS: US MILITARY TO DEVELOP SPACE-BASED MISSILE DEFENSE SYSTEM

In what looks to be a highly ambitious and even more highly cost-prohibitive scheme, President Trump has announced his intention to greatly expand US missile defense systems, with a major focus on putting them in space.

During his announcement Thursday at the Pentagon, Trump set out his goals, saying that he wants “to ensure that we can detect and destroy any missile launched against the United States – anywhere, anytime, anyplace.”

The Pentagon has had space-based interceptors on its wish list for some time, but between that and drones with lasers on them, they were far short of the sort of total, planet-wide coverage that President Trump is talking about.

A space-centric missile defense system must inevitably draw comparisons to the Strategic Defense Initiative, commonly called Star Wars, of the 1980s, a controversial and hugely expensive program that also sought space-based interceptors.

Webmaster's Commentary: 

Mr. President, a word, please.

What about being responsible for a foreign policy which engages, rather than enrages, the two major players in this game, China and Russia?!?

Now, THAT... would be an incredible legacy, which you are still capable of creating, notwithstanding a potential impeachment threat from the house, which the Senate will utterly not allow to happen.

And how about, please NOT accusing Russia of something it absolutely did not do, as in the alleged "annexation" of Crimea, which NEVER happened in fact?
President Obama admits that the US brokered a deal in support of regime change in Ukraine

Mr. President, when you took office I was hopeful that perhaps you actually meant what you said, when you spoke of disengaging from these immoral, horrific wars by which our military has been consumed; now, in looking at your record as President, you seem to be hell-bent on getting this country even more enmeshed in military misadventures.

And please, don't even talk to me, about the reality that the US military is complicit in Saudi war crimes in Yemen;America is Committing War Crimes in Yemen and don't give me any reason why in the name of heaven, American troops are in Syria, an engagement to which the US government was never invited in the first place?

The Planned U.S. Troop Withdrawal From Syria: Here's the Latest

Mr.President, due to the actions of your predecessors, the Unhinged, Surveilled State of America, is at an historic turning point, right now; please do not let the dream of the creation of this country turn any more into a nightmare than it already is.

Jan 18 10:47

Three Reasons Gold May Embark On An Extended Rally

– History may repeat itself for gold demand and prices as world economy looks set to slow
– Three reasons for gold’s extended rally from 2008 to 2011 may be making a comeback
– As global growth looks to be slowing, hopes grow for repeat of 2008-11 rally that saw gold almost triple in value

Jan 18 10:15

Tesla to recall over 14,000 Model S cars in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel into the driver's and front seat passenger's faces, a Chinese watchdog has said.

The measure is a part of an industry-wide recall of Takata airbags, whose safety woes have been plaguing the automotive industry since at least 2013.

The company, which at one point held 20 percent of the airbag market, went bankrupt in 2017 after recalling more than 100 million cars, including 70 million in the US. It was taken over by car parts maker Key Safety Systems (KSS).

Jan 18 10:14

McDonald's LOSES the right to Big Mac trademark across Europe after Irish restaurant Supermac's wins legal battle

McDonald's has lost the rights to its Big Mac trademark after Irish chain Supermac's defeated the giant in an EU ruling.

County Galway-based Supermac's challenged the worldwide burger chain to cancel the use of the Big Mac and Mc trademarks.

It submitted a request to the European Union Intellectual Property Office (EUIPO) in April 2017 to cancel the use of the Big Mac and Mc trademarks that McDonald's has registered in certain classes.

Jan 18 10:02

What’s That Buzzing Overhead? It’s An OSHA Drone

By Walter Olson

“That buzzing noise over a construction site could be an OSHA drone searching for safety violations,” notes Littler Mendelson lawyer Tammy McCutchen in a piece for the Federalist Society. Quoting a U.S. Department of Labor memorandum from May of last year obtained by Bloomberg Law, McCutchen writes that “your friendly neighborhood OSHA inspector is now authorized by the Labor Department ‘to use camera-carrying drones as part of their inspections of outdoor workplaces.’”

What about the Fourth Amendment, you may ask? Well, court review is unlikely because current procedures call for the agency to obtain employer consent before sending the spycams aloft. Which makes everything okay, right?...

Jan 18 09:08

Norway's sovereign wealth fund, the world's biggest, has excluded a Chinese company from its almost $1 trillion portfolio because of human rights violations, the Norwegian central bank said

Norway's sovereign wealth fund, the world's biggest, has excluded a Chinese company from its almost $1 trillion portfolio because of human rights violations, the Norwegian central bank said on Thursday.
Yarn, fabric and apparel manufacturer Texwinca is the main shareholder in Megawell Industrial, which has been criticised for working conditions at its factories in Vietnam.

Jan 18 09:05

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis.

It’s a 5.1 percent increase from 2017 as the bank raked in a record profit last year. Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the New York-based bank said in a regulatory filing.

Jan 18 09:04

Solar Investment Plunges Amid Panel Glut

Jan 18 09:04

Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges

Electric car maker Tesla is planning to fire around seven percent of its full-time staff, as the road ahead will be “very difficult,” according to an email sent to employees by CEO Elon Musk.

In the letter, published on Tesla’s website, Musk cited “tiny” profits and pressure to deliver lower cost Model 3 vehicles “in all markets” as the key reasons for the decision. He stressed that the company, which is younger than other players in the industry, will face difficulties in its long-term goal to sell affordable renewable energy products at scale.

Jan 18 07:26

What do you think happens next? 2008 - 2018

Jan 18 07:16

How to Feed Your Family When You’re Flat Broke

Feeding your family when you're flat broke isn't easy but it can be done. Here's how to prepare for a lean month when you're on a super-tight budget. (There's also an offer for a FREE cookbook for anyone who is having a difficult time right now.)

Jan 18 05:36

The Economy Is Slowing

Jan 17 20:24

Morgan Stanley (MS) Earnings Breakdown

Jan 17 16:14

REVEALED: When The Next Recession Starts

Jan 17 14:30

Oil May Never Return To The Triple-Digits

Jan 17 13:45

Student Loan Debt Is A Crisis That’s Also Impacting The Housing Market

Student loan debt is a fundamental crisis. Students are borrowing money to pay for school at an alarming rate. But as the problem worsens, it seeps into other sectors, such as the housing market, putting the entire economy on edge.

Jan 17 13:36

Is The Junk Bond Sell-Off Over?

Jan 17 12:09

Credit Suisse: "Sell Into This Stock Rally"

Jan 17 12:06

The Keys to Keeping Your Crypto Safe

By Philip Martin

Keeping your crypto safe doesn’t have to be daunting. In this piece. Coinbase VP of Security, Philip Martin, offers some best practices to stay one step ahead of hackers and scammers.

One of the primary benefits of cryptocurrencies is that they allow people to engage in online transactions without the need for an intermediary like a bank or credit-card company. Instead, anyone who wants to send or receive cryptocurrency creates a “cryptographic key”?—?a file containing a random secret code?—?that can then be used to authorize transactions from their cryptocurrency wallets. If an attacker gets access to that key, they instantly gain control the cryptocurrency wallet as if they were the owner. That’s why it’s critical to protect your keys if you manage them yourself, and lock down your accounts at trusted third-party services like Coinbase that help manage your keys for you.

Jan 17 11:37

Elon Musk Tells Lawmaker The Boring Company Can Dig via Mountain for Cheap

Elon Musk wants to solve city traffic woes one tunnel at a time. The Boring Company founder, responding to an Australian state lawmaker via Twitter on Wednesday, stated the firm could build a two-way high-speed transit route through the Blue Mountains to connect Sydney and the west for a surprisingly low price.

Jan 17 11:11

Mr. Market Will Have the Last Laugh

Jan 17 10:46

Wyatt Earp in Hollywood

In a letter, written in December 1928, the 80-year-old frontiersman Wyatt Earp opined that perhaps “my health will be back to normal when this story business is all done with.”

He was wrong twice.

Less than a month later, Wyatt was dead, and his legend was on the cusp of exploding. Some outlaws were about to become very rich from his story, but Wyatt never made a dime on any of it. This is the story of how that happened.

Jan 17 09:43

Federal Reserve Confesses Sole Responsibility for All Recessions

By David Haggith

In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States...

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