Federal Reserve Alert! Federal Reserve Board announces the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2023

Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230110a.htm The Federal Reserve Board on Tuesday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2023. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints …

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Americans are running out of money. Last time saving was this low was 2006-07. Right before GFC. Spending cutback + deflation will of course cause a Recession. Potentially a big one.

1) Why is the Savings Rate so low? Because for the last 18 Months Americans have been ravaged by Inflation (orange line). Meanwhile – Wage Growth (blue line) has not kept up. Not even close. pic.twitter.com/T59hRPUSft — Nick Gerli (@nickgerli1) …

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America to Host SatanCon 2023

by Chris Black Yes, that means exactly what you think it means: the largest Satanic gathering in history, hosted by the Great Satan: 👿The Satanic Temple「SatanCon 2023」 pic.twitter.com/5cxtnbsdwV — なっぷるZ🇯🇵🇷🇺🇵🇸 (@yoiyami1001) January 8, 2023 Remember: America are the good guys. …

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Inflation Alert! Fed Governor Michelle W Bowman: ‘once we achieve a sufficiently restrictive federal funds rate, it will need to remain at that level for some time’ ‘It is likely that as a part of this process, labor markets will soften somewhat before we bring inflation back to our 2 percent goal.’

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/speech/bowman20230110a.htm Thank you, Bill, and I’d also like to thank Alex Sanchez and the Florida Bankers Association for the invitation to be with you today. It is a pleasure to be here in person to discuss issues that …

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Baked Alaska Sent To Jail Over 1/6

by Chris Black A federal judge on Tuesday sentenced live-streamer Baked Alaska to sixty days in prison for filming the Capitol riot. Baked Alaska did not break anything. He walked in when the cops opened the doors and invited people …

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Microsoft reportedly plans to invest $10 billion in creator of buzzy A.I. tool ChatGPT

https://www.cnbc.com/amp/2023/01/10/microsoft-to-invest-10-billion-in-chatgpt-creator-openai-report-says.html Microsoft plans to invest $10 billion in OpenAI, the startup behind popular artificial intelligence tool ChatGPT, according to a report from Semafor. The deal is part of a funding round with other investors involved that would value OpenAI at …

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Coinbase to Cut ~20% of workforce

Coinbase Global said that it would eliminate around 20% of its staff and enact broad cost cuts, the latest sign of pain in the cryptocurrency industry. Chief Executive Brian Armstrong said that crypto exchange Coinbase will reduce operating expenses by …

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