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Posted on: Feb 04, 2023
“The story of its ruin is simple and obvious; and, instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted so long. The victorious legions, who, in distant wars, acquired the vices of strangers and mercenaries, first oppressed the freedom of the republic, and afterwards violated the majesty of the purple. The emperors, anxious for their personal safety and the public peace, were reduced to the base expedient of corrupting the discipline which rendered them alike formidable to their sovereign and to the enemy; the vigor of the military government was relaxed, and finally dissolved, by the partial institutions of Constantine; and the Roman world was overwhelmed by a deluge of Barbarians.” — Edward Gibbon. The Decline and Fall of the Roman Empire, Chapter 38 “General Observations on the Fall of the Roman Empire in the West”
So Ghana is falling back into the suffocating embrace of the IMF for the 17th time since independence. After all, as the Times says, they have “no choice.” And we all know what is the universal prescription of the IMF for impoverished countries: more government spending and higher taxes.
Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs.
Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have been rapidly rising since the first quarter of 2022. Since that time, it’s an increasing rate of losses only seen in recent history during the recession of 2008.
For stock investors for much of this year, the trillion-dollar AI promise has masked a big threat in this era of Federal Reserve hawkishness: Real-world borrowing costs have jumped across Corporate America.
Now Wall Street is fretting over the monetary danger in a week that Jerome Powell signaled his resolve once again to keep the policy stance tight — sparking a rout across Big Tech and beyond.
On the heels of the well-documented non-fungible token (NFT) craze – and billions in related purchases – a whopping 95% of the digital-asset collections are now worthless, according to a new study.
This and other telling data points emerged in a report from cryptocurrency analysis platform dappGambl. As part of the underlying research, the outlet zeroed in on the value and ownership details associated with 73,257 NFT collections, per the appropriate text.
Of these collections, 69,795, or north of 95%, had “a market cap of 0 Ether,” the breakdown shows.
The Biden administration has lost another green energy agenda battle after a federal judge blocked the president’s effort to restrict oil and gas drilling in the Gulf of Mexico.
Late Thursday evening, U.S. District Judge James Cain of the Western District of Louisiana issued a preliminary injunction after the administration’s last-minute attempt to halt an upcoming offshore oil and gas lease sale in the Gulf, Fox News Digital reported.
Ukraine has received billions of dollars in aid from the United States to help with its war with Russia. Despite this, Democrats in Congress want to send even more to the war-torn country. And they are willing to do so even if it means a government shutdown in this country.
Hundreds of millions of people are desperately hungry all over the world, and by the time you are done reading this article more children will starve to death. Earlier this year, CNN actually admitted that we are in the midst of “the worst food crisis in modern history”, but because the mainstream media rarely features images of the tremendous suffering on the other side of the globe most Americans d