Archive for the 'Economy' Category
Global Banking Regulators Call for Toughest Rules for Cryptocurrencies
June 11th, 2021Ha. Shocker. Via: Guardian: Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse suddenly. The Basel Committee on Banking Supervision, which consists of regulators from the world’s leading financial centres, is proposing a “new conservative […]
Half Of Pandemic Unemployment Funds May Have Been Stolen
June 10th, 2021Via: ZeroHedge: As much as half of the unemployment benefits paid by the US government over the past year may have been stolen through fraud, with the bulk ultimately ending up outside the country – likely into the hands of foreign crime syndicates in China, Nigeria, Russia and elsewhere, according to Axios’ Felix Salmon. According […]
Solar Modules Degrading Faster Than Expected
June 10th, 2021Via: PV Tech: Solar asset underperformance continues to worsen, with projects “chronically underperforming” P99 estimates and modules degrading faster than previously anticipated, risk management firm kWh Analytics has found. … Perhaps the most notable finding from the report, which builds on a finding from last year’s edition, is that operational solar assets are continuing to […]
Yield-Chasing Investors Buying Entire Neighborhoods
June 9th, 2021Via: Wall Street Journal: A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market. D.R. Horton Inc. built 124 houses […]
El Salvador Becomes First Country to Adopt Bitcoin as Legal Tender
June 9th, 2021Via: New York Post: El Salvador on Wednesday officially became the first country to adopt bitcoin as legal tender. President Nayib Bukele announced on Twitter just after 2 a.m. ET that the Central American country’s legislative body voted in favor of the so-called Bitcoin Law — making the digital currency the nation’s official legal tender, […]
How the Wealthiest Americans “Sidestep” Federal Income Tax
June 8th, 2021Via: ProPublica: ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not […]
Cyber Polygon: Will The Next Globalist War Game Lead To Another Convenient Catastrophe?
June 5th, 2021Via: Alt Market: My biggest concern right now is the upcoming ‘Cyberpolygon’ exercise being headed by the WEF this July. The war game is meant to “simulate” a cyberattack on vital infrastructure that would lead to a shutdown of the global supply chain, or at least the supply chains within certain nations. As I warned […]
EU Launches Digital Wallet In Latest Step Toward Cashless Society
June 2nd, 2021Via: ZeroHedge: Despite the concerns about digital privacy being invaded by the “vaccine passports” that Europe has demanded of travelers, the EU is pressing ahead with plans to launch a “digital wallet” that would carry digital copies of a drivers’ license and credit cards (sort of like Apple Pay does) as Europe continues its transition […]
Biden Unveils $6 Trillion Budget That Will Raise Federal Spending To Highest Post-WW2 Level
May 27th, 2021Via: ZeroHedge: US stock futures soared Thursday morning as President Biden unveiled his first federal budget, which calls for the government to spend $6 trillion in the 2022 fiscal year, with total annual spending set to increase to $8.2 trillion by 2031. Stocks initially kneejerked higher, then retreated on the headlines reporting the proposed budget, […]
$3 Billion of Taxpayer Money to Be Used on Ad Campaign to Increase Vaccine Uptake
May 25th, 2021Via: The Defender: The U.S. government funded vaccine research to the tune of more than $9 billion, spent $22 billion to support vaccine distribution, shelled out another $10 billion to expand access and currently announced $3 billion to spend on an ad campaign to combat vaccine hesitancy.
