Breaking news, updates, and reports on current events.
South Korean authorities told CNBC on Wednesday that they have asked two cryptocurrency exchanges KuCoin and OKX to freeze more than $60 million worth of bitcoin linked to Do Kwon. Kwon is the founder of Terraform Labs, the company behind the algorithmic stablecoin terraUSD or UST and its sister token luna, whose $60 billion collapse sent … Read more
by Boo_Randy Now she can collect more “speaking fees” from the Wall Street investment banks who have been the sole beneficiaries of her disastrous tenures as Fed Chair and Treasury Secretary. https://www.dailymail.co.uk/news/article-11256845/Treasury-Secretary-Janet-Yellen-preparing-depart-White-House-midterms-Report.html The White House is preparing for Janet Yellen to leave her post as Treasury Secretary as soon as November as Americans rank the … Read more
By Graham Summers, MBA The financial system is beginning to break. The Bank of England (BoE) is now the first major central bank to lose control of its respective bond and currency markets. Last week, the new government in the U.K. introduced a series of tax cuts to stimulate the economy. British government bonds, also … Read more
Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year. With major market indexes falling further since July, experts say losses from financial markets could total $9.5 trillion to $10 trillion. Economists say the drops … Read more
Central banks have dialed up their resolve to combat inflation in recent weeks. In response, markets have become so unmoored a major financial and economic crisis can’t be ruled out. That means global monetary policy hawkishness may have hit its peak and something will eventually break. The impact on four big asset classes will be … Read more
by Boo_Randy Prediction: the global financial meltdown will start in the WEF looting colonies of Australia, New Zealand, and Canada, then spread to the US, UK, and Europe. https://www.macrobusiness.com.au/2022/09/aussie-bank-bubble-bursting-slowly-then-all-at-once/ The usual Aussie bank groveling articles are appearing as we approach full-year results. These articles focus on the juicy dividends without making reference to the business … Read more
Mortgage rates soared above 7 percent this week, the highest level in 21 years and far exceeding rates recorded during the 2008 housing market crash Luxury home sales in the US have sunk by 28.1 percent year-over-year in August, beating out the previous record drop of 23.2 percent in June 2020 Markets in Oakland, San … Read more
by the-99th-monkey A 2018 “recipe” for fostering interest in making the jab high demand. Looking back, it seems like it was a great success! Full PDF
by BoatSurfer600 Imagine being close to retirement & buying this close to 100 in Dec last year because you were told “stocks are too risky”, and now sitting with it at 25.
IMF urges Kwarteng and Truss to rethink tax cuts in rare intervention The International Monetary Fund has launched a stinging attack on the UK’s tax-cutting plans and called on Liz Truss’s government to reconsider them to prevent stoking inequality https://www.theguardian.com/politics/2022/sep/27/kwasi-kwartengs-tax-cuts-likely-to-increase-inequality-imf-says The Global lender heaped pressure on Ms Truss and the Chancellor, said it was “closely … Read more
Video from Matt Tilman of Bayshore Blvd in Tampa. The bay being sucked out. #hurricaneian #ian pic.twitter.com/F54Lv1r5KV — Jordan Steele (@JordanSteele) September 28, 2022
Putin said on Sept. 17 that if Europe wants to solve the issue, it can ignore US orders and open up the Nord Steam 2 pipeline. “Just push the button and everything will get going,” Putin said. Instead, someone bombed it. In response to Europe's energy crisis, Putin said on Sept. 17 that if Europe … Read more
By Michael Lebowitz Michael Smolyansky, a senior Fed economist, claims corporate profit growth will slow appreciably. His case rests on corporate tax rates and interest rates. Access to his white paper, The coming long-run slowdown in corporate profit growth and stock returns, can be found HERE. As if his case was not strong enough, we provide other supporting … Read more
Virgin Atlantic’s crew, pilots and ground staff can now wear whichever of its uniforms they feel most comfortable in, regardless of the original male or female design of its red skirt suit or burgundy trousers. The airline has announced a gender identity policy that lets its staff choose which of the Vivienne Westwood-designed outfits they … Read more
While hearing a California-based case fascinating on its own merits, Supreme Court Justice Neil Gorsuch raised a side issue of perhaps even greater importance, one which rightly unites reformers from across the political spectrum. The case was about when police in “pursuit” of a suspect can be allowed to enter the suspect’s property without a … Read more
Censorship has always been a favorite tool of rulers and elites to keep people in line. The appetite for censorship in Western societies has waxed and waned, but censors have had a hard time keeping control of speech, as the West is both legally and culturally disinclined to shut people up. The press has traditionally … Read more
His support comes a week after the House passed its version Both bills seek to clarify VP’s role as purely ceremonial during vote count Trump in 2020 demanded Mike Pence refuse to accept certified votes Both bills raise the threshold for raising an objection to votes during count Senate Minority Leader Mitch McConnell on Tuesday … Read more
Democrat Philadelphia Mayor Jim Kenney signed an executive order Tuesday banning the carry of guns — even by concealed permit holders — in city parks and recreational centers. FOX News reported the signing of the executive order, quoting Kenney as saying, “This gives them some protection, some peace of mind, some ability to call the … Read more
