The Federal Trade Commission ordered nine major retailers, including Amazon, Kroger, and Walmart, to release company information to illuminate ongoing supply chain issues that are disrupting the U.S. economy. “Supply chain disruptions are upending the provision and delivery of a wide array of goods, ranging from computer chips and medicines to meat and lumber,” FTC … Read more
Richard Cordray — a longtime ally of progressive Sen. Elizabeth Warren (D-MA) — is being considered for a key Federal Reserve position. According to a CNBC report, Sen. Sherrod Brown (D-OH) has “spoken to the Biden administration about Cordray and others who could serve as the Fed’s vice chair for supervision.” The Wall Street Journal … Read more
https://youtu.be/G_USI8VJj2c?list=PLs3bpgBAupLuHWAXbYqesImdmujOVih12 Kyle Rittenhouse has opened up about his trial, revealing that he knew the ‘state didn’t have a case’ against him when ‘they put Dominic Black on the stand.’ Rittenhouse, 18, appeared on the Charlie Kirk Show on Tuesday to discuss his infamous case after he was acquitted earlier this month for fatally shooting two men … Read more
CNN anchor Chris Cuomo was suspended indefinitely on Tuesday by the network after documents revealed he had assisted his brother Andrew Cuomo, who was serving as the governor of New York at the time, as he faced a slew of sexual harassment accusations that led to the governor’s resignation. Thousands of pages of evidence released … Read more
As New Yorkers know better than anyone, everything costs more here. But seven times more? Alas, yes — at least if you’re talking about public-construction projects. The latest example: PS 33 in The Bronx, vs. a similar-sized school just across the Hudson in Jersey City, NJ. It’s outrageous. And it goes a long way toward explaining why … Read more
While attempting to pump gas in suburban Chicago Ridge, a man found a needle device hidden in the nozzle, police warned Tuesday. According to a Facebook post from the Chicago Ridge Police Department, the man was at a Shell Gas Station at 111th Street and Ridgeland at around 7 p.m. when he went to squeeze … Read more
Powell's "transitory" error will require a rapid catch-up that could easily destabilize markets and the economy. It didn’t have to be this way, writes @elerianm https://t.co/nJuJsON5jv — Bloomberg Markets (@markets) December 1, 2021 Bulls, it's a good Omnicom day, enjoy while it lasts, the Fed is now reading Zerohedge. They'll return to the deflation paradigm … Read more
by confoundedinterest17 Calamity Jay Powell is no longer mentioning “transitory” when it comes to inflation, but does Powell and the FOMC have the moxie to ACTUALLY raise rates more than a smidge?? (Bloomberg) — Team Transitory is throwing in the towel. In a clear sign that the Federal Reserve is shifting to tighter monetary policy, Jerome Powell — … Read more
by The Phoenix By Graham Summers, MBA Stocks are bouncing again because investors have been trained by the Fed to “buy the dip” since the March 2020 lows. So, traders are buying this one. However, there is a big difference between this recent drop in stocks and the others. This time around, the Fed has indicated … Read more
by JR3000 Because crypto believers think crypto currency will revolutionize the financial industry (and because I’ve been having an argument with someone that came here to pick a fight and wanted to argue about energy consumption between crypto and fiat) it is important to understand just how much energy use a single crypto transaction uses. … Read more
Captioned: The original viral video is below this video. Note: If you don’t see captions, click the [CC] button Note: If you don’t see captions, click the [CC] button Original Viral Video in French Transcript taken from the captioned video at the top of this thread. My dear compatriots For years, the same feeling has … Read more
Wait, are there NIMBYs in the metaverse? — Ramp Capital (@RampCapitalLLC) December 1, 2021 “This is like buying land in Manhattan 250 years ago as the city is being built.” We have lost our f*cking minds. h/t Ok-Cauliflower7356
By Michael Lebowitz Is A Stock Market Crash Like 2000 Possible? “Say say two thousand zero zero party over, oops, out of time So tonight I’m gonna party like it’s nineteen ninety-nine” -Prince 1999 Prince wrote the song “1999” in 1982, 18 years before the clock ran out on the 20th century and possibly the greatest stock … Read more
https://www.nature.com/articles/s41598-021-00053-8#MOESM1 Shock horror, as we find out that the NFT market, like the crypto market, is just wash trading 101. Butters are dumb enough to not understand wash trading and throw money but what is the SEC/CFTC doing. Wash trading is a complete fabrication of a market. Everything from price, liquidity, volume, marketcap is manipulated … Read more
Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry. Led by West Virginia Republican Treasurer Riley Moore, the group promised “collective action” in the form of an … Read more
The Washington Free Beacon quoted several doctors who expressed concerns that the guidelines would lead to “underqualified doctors, missed diagnoses, and unscientific medical school curricula.” Most of the doctors were quoted anonymously, but Jeff Singer, an Arizona surgeon, said that certain medical conditions are more common in certain racial groups because they “vary based on … Read more
ESPOO, Finland (November 30th, 2021) Today, VTT Technical Research Centre of Finland announced that the country’s first operational 5-qubit quantum computer is up and running. Together with the quantum computing hardware startup IQM, VTT has taken its first steps to enable the building of quantum computers that will be both scalable and easier to manufacture, … Read more
Vice President Kamala Harris could be the first Supreme Court Justice to have failed the Bar exam — that is, if rumors that President Joe Biden may nominate her to the nation’s highest court are true. For the past several days, speculation has been building that Biden might dispense with the unpopular Harris by “promoting” … Read more
China’s struggling real-estate firms had another miserable month in November as a slump in home sales deepened. The country’s builders are facing $12 billion in trust payments coming due in December, posing a major challenge for an industry whose liquidity squeeze has spooked global markets. Private-sector developers are selling the fewest bonds domestically in nearly … Read more
