Above Photo: Antonio Marín Segovia / CC BY-NC-ND 2.0. No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United States.” Foreign governments, needing dollars, not only accept them in trade but buy U.S. securities with them, effectively funding the U.S. government and its foreign wars. But no government has been powerful enough to break that arrangement […]
Financial
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Above Photo: Everything is fine. Irfan Khan / Los Angeles Times Via Getty Images. The Next Major Recession Will Be The Final Ingredient In America’s Poisonous Post-Trump Evolution. Because only fools believe they can predict the short-term fluctuations of the economy, let’s follow in the style of Descartes and just retreat to the most basic possible prediction that we are certain will come true. Which is: The current boom in asset prices — high prices not just in one asset, but in stocks, financial assets, real estate, luxury goods, crypto, NFTs and any other hastily invented place where money can flow — will come to […]
Above Photo: (Greenpeace media library). Calling on Canadian banks to stop funding climate chaos and injustice Toronto – Greenpeace Canada activists blocked entrances to the RBC’s corporate headquarters today by suspending climbers from fifteen foot high tripods as part of a call for Canada’s big five banks to stop funding fossil fuels and to respect Indigenous rights . The protestors said that despite their claims, Canada’s big banks are still amongst the largest funders of fossil fuels in the world and are thus fueling the climate crisis, destroying biodiversity and violating Indigenous rights. “I’m a middle-aged dad with a mild fear […]
Above Photo: Former governor of the Bank of England Mark Carney, who is the U.N.’s special envoy for climate change, speaks at a Bank of England Financial Stability Report Press Conference, in London, Dec. 16, 2019. (Kirsty Wigglesworth AP) The Most Powerful Private Financial Interests In The World, Under The Cover Of COP26, Have Developed A Plan To Transform The Global Financial System By Fusing With Institutions Like The World Bank And Using Them To Further Erode National Sovereignty In The Developing World. Unlimited Hangout — On Wednesday, an “industry-led and UN-convened” alliance of private banking and financial institutions announced plans at the COP26 conference […]
Above Photo: World Financial Review As Senator Sinema gets Biden to drop his proposed tax increases on corporations and wealthy investors earning more than $400K income a year, no consideration is being given at all within Democrat party circles about introducing a financial transactions tax to pay for the Infrastructure bill ($.55T) or the Build Back Better Bill ($1.9T). 5 years ago I wrote and proposed a minimal financial transaction tax that would generate $2.4T in revenue. That would pay for both the new spending proposals in the Infrastructure bill ($.55T) as well as the Build Back Better bill proposal still on the negotiating […]
Ripple, the U.S.-based currency exchange and remittance network, is donating $10 million to Mercy Corps, a humanitarian aid non-profit, to “expand financial inclusion and increase economic empowerment globally.” Ripple, through a non-profit unit, works with non-government organizations, universities and industry partners to “bring the 1.7 billion unbanked adults into a modernized, global financial system that leverages the promise of financial technology,” the company said in its release. Mercy Corps will partner with RippleWorks in several countries to support development of fintech solutions involving blockchain and digital assets. Source link
Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.” See also: SEC Will Be Forced to Give Crypto Guidance Despite Bureaucracy, Risk-Avoidance: Peirce Source link
Despite the US mainstream media and the FBI appearing uninterested in the latest GOP study concerning Hunter Biden’s financial transactions and occupations during his father’s vice presidency, the investigation may go full throttle if Joe Biden is defeated in the 2020 campaign, suggests US investigative journalist George Eliason. The FBI has refused to either confirm or deny the existence of any ongoing investigations concerning Hunter Biden, the son of former Vice President and Democratic presidential nominee Joe Biden, The Federalist reported on 8 October, citing an exclusively obtained bureau letter written in response to a 24 September request by Republican Congressman […]
Since the outbreak of the COVID-19 pandemic India’s apex bank, the Reserve Bank of India, has infused liquidity worth $125 billion into the economy to stabilise financial markets. Central banks the world over have pumped $9 trillion into the global economy amid the pandemic. India’s apex bank RBI on Friday said the country’s economic growth, measured as Gross Domestic Product (GDP), is likely to contract by 9.5 percent in the current financial year (April 2020-March 2021). The growth projections were made by the Reserve Bank of India (RBI) Governor Shaktikanta Das while announcing the key lending rates, which remained unchanged […]
MOSCOW (Sputnik) – The United States is planning to impose new sanctions on Iran’s financial sector aimed at diminishing Tehran’s ability to import humanitarian goods, such as food and medicines, media reported, citing informed sources. According to The Washington Post, the new sanctions will affect several banks that are not currently subject to secondary sanctions. EU officials have warned that this move could result in devastating humanitarian consequences for Iran that has been severely hit by the coronavirus pandemic and financial crisis. The new sanctions are expected to be announced on Thursday, the publication said. In late September, media reported, citing […]
As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash. Our main discussion: central bank coins and financial privacy. The EU recently released a new research paper on a possible digital euro. Like many other official central bank reports, it assumes there is no possibility of an anonymous digital bank currency. NLW dissects arguments from people including JP Koning and CoinCenter’s Jerry Brito on why this shouldn’t be true. Source link
WASHINGTON (Sputnik) – The US administration is considering sanctioning Iran’s entire financial system to cut it off from the outside world, Bloomberg news agency reported. The sanctions will specifically target around 14 Iranian banks that have so far escaped US restrictions, the report said on Monday, citing three people familiar with the matter. The initiative, if approved, will designate the financial sector, including money-changers and informal payment transfer processors, on par with mining, construction and other sanctioned industries, according to the report. The move, which would effectively leave Iran isolated from the global financial system, has not yet been submitted to […]
An unsurprising statement from a financial regulator is sending some welcome signals that point to a spurt of innovation ahead. The U.S. Office of the Comptroller of the Currency (OCC) issued a statement earlier this week saying that national banks can provide services to stablecoin issuers in the U.S. This is not a surprise, as banks have been doing so for some time. But they have been doing so under a cloud of regulatory uncertainty. The statement gives the first sign of official clarity on the idea that stablecoins are legitimate representations of value. Acceptance and support Why is this significant […]
The district attorney’s office for the Manhattan borough of New York City, New York, has suggested in new court filings that US President Donald Trump could be the subject of a tax fraud probe, as “mountainous” public allegations of misconduct exist regarding 45 and his businesses. Lawyers working for the office of Manhattan District Attorney Cyrus R. Vance Jr. issued a new filing in the US Court of Appeals for the Second Circuit on Monday, arguing that a grand jury probe could be initiated solely based on misstatements and other public allegations about the president’s finances. “Even if the grand jury […]
Joeller Stanton used to be an assistant teacher at a private school in Baltimore and made about $30,000 a year. In mid-March, when the pandemic was just starting, her school closed for what was supposed to be two weeks. “Up to that point, we were under the impression that it wasn’t that serious, that everything was going to be OK,” Stanton recalls. But as schools in Maryland switched to virtual learning indefinitely, Stanton was let go from her job. She received her last paycheck in March. “I had about $300 savings that was basically gone by the end of March,” she […]
A student walks on campus at the University of South Carolina on Sept. 3, 2020 in Columbia, South Carolina. During the final week of August, the university reported a 26.6 percent positivity rate among the student population tested for the COVID-19 virus. Sean Rayford/Getty Images hide caption toggle caption Sean Rayford/Getty Images A student walks on campus at the University of South Carolina on Sept. 3, 2020 in Columbia, South Carolina. During the final week of August, the university reported a 26.6 percent positivity rate among the student population tested for the COVID-19 virus. Sean Rayford/Getty Images As the fall semester […]
Robert David Steele is the conceptualizer of integrated election reform (#UNRIG) and the integration of holistic analytics, true cost economics, and Open Source Everything Engineering (OSEE) such that we can achieve a prosperous world at peace at 10-20% the cost of the failed Western economic model burdened by banks and lawyers. A former US spy and co-founder of the Marine Corps Intelligence Activity, he is today the Chief Enabling Officer (CeO) of Earth Intelligence Network, a 501c3 and now also CeO of Open Source Everything (OSE Inc.). He continues his education with non-fiction reading, posting over 2,000 reviews across 98 categories; […]
Earlier this week, Shetland Islands Council leader Steven Coutts singled out the Scottish government’s alleged funding cuts and the Scottish National Party’s centralised decision-making as major factors that prompted the council to push for the archipelago’s independence. The Council of Shetland Islands, an archipelago in North Atlantic Ocean which has a population of just about 23,000 people, has almost unanimously passed a motion aimed at exploring the ways of obtaining independence from Scotland. Earlier in the week, the councillors voted 18 to two in favour of the motion to seek “financial and political self-determination” due to funding cuts and centralised decision-making […]
Investment management firm Wave Financial said Friday it has received its first round of investment from clients, and has purchased a 1,000 barrels of Kentucky whiskey it plans to tokenize for prospective investors. According to a press statement emailed to CoinDesk, Wave Financial purchased the whiskey from the Wilderness Trail Distillery of Danville, Ky., and plans to tokenize the holding in a year or two. Gold, cryptocurrency and real assets such as spirits have become favored alternative investments, according to the company. By tokenizing barrels of whiskey, in this case, investors gain exposure to, and benefit from, price appreciation of that […]
Poll: Financial Pain From Coronavirus Pandemic ‘Much, Much Worse’ Than Expected September 11, 2020 Poll: Financial Pain From Coronavirus Pandemic ‘Much, Much Worse’ Than Expected2020-09-112020-09-11https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/200318-editorial-e1599845825837.jpg200px200px Above photo: Homeless people crowd around a makeshift camp on March 3 in downtown Salem, Ore. Andrew Selsky/AP. In America’s four largest cities, at least half of people say they have experienced the loss of a job or a reduction in wages or work hours in their household since the start of the coronavirus outbreak. That’s the finding of a new poll published Wednesday by NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of […]
The Australian man was banned from working in financial services by the Australian Securities and Investment Commission. Source link
Already live on SBI’s forex trading platform, the contracts for difference (CFDs) are available in bitcoin, ether and XRP flavors. Source link
WASHINGTON (Sputnik) – The US House Intelligence Committee plans to issue a revised subpoena to Deutsche Bank for President Donald Trump’s business and personal records to reflect a recent Supreme Court ruling, Committee Chair Adam Schiff said in a press release on Wednesday. “Although not required by the Supreme Court’s opinion, the Committee will voluntarily narrow its subpoena to those records that are absolutely necessary to satisfy the Committee’s investigative needs and to fulfill the Committee’s legitimate oversight and legislative objectives,” Schiff said. The Supreme Court ruled that Congress can subpoena a US president’s financial records for legitimate legislative and oversight […]
When the pandemic hit this spring, U.S. rural hospitals lost an estimated 70% of their income as patients avoided the emergency room, doctor’s appointments and elective surgeries. “It was devastating,” says Maggie Elehwany of the National Rural Health Association. Daniel Acker/Bloomberg via Getty Images hide caption toggle caption Daniel Acker/Bloomberg via Getty Images When the pandemic hit this spring, U.S. rural hospitals lost an estimated 70% of their income as patients avoided the emergency room, doctor’s appointments and elective surgeries. “It was devastating,” says Maggie Elehwany of the National Rural Health Association. Daniel Acker/Bloomberg via Getty Images Jerome Antone says he […]
Texas regulators ordered MTI to cease and desist in July, alleging it was a crypto fraud. Source link
The US and its “international partners” will offer financial aid to Lebanon, which is struggling to deal with the economic fallout of the massive port blast — but only if it commits to “real change,” a senior US official said. US Under Secretary of State for Political Affairs, David Hale laid out Washington’s conditions for aid as he spoke in Beirut on Saturday. The senior diplomat was on a three-day trip to the Lebanese capital. “When we see Lebanese leaders committed to real change, change in word and deed, America and its international partners will respond to systemic reforms with sustained […]
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell to a record low of 46% in the first quarter of 2020, according to recent figures provided by Russia’s Central Bank and Federal Customs Service. This data prompted experts to suggest that the two trading […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080050437-trump-says-us-probe-into-his-financial-docs-part-of-continuing-witch-hunt/ US President Donald Trump dismissed the ongoing investigation into his personal finances, calling it part of a continuing “witch hunt” by the Democrats. The New York District Attorney’s Office on Monday filed new documentation aiming to refute the argument by Trump’s lawyers that a subpoena of his finances has no bearing. That document, Sputnik reported, revealed the investigation may go far beyond the money trail of “hush payments” given to several women to ensure their silence about past liaisons with Trump, and might include financial crimes such as bank and insurance fraud. “This is […]
https://cdn1.img.sputniknews.com/img/104701/10/1047011096_0:285:5472:3363_1200x675_80_0_0_afbf4dbf15014d6dafad69ae062d132c.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080049777-us-prosecutors-reveal-trump-financial-probe-may-include-bank-insurance-fraud/ Tropical Storm Isaias isn’t the only tempest bearing down on New York: court filings by state prosecutors on Monday revealed their investigation into the finances of US President Donald Trump includes probes into other possible financial crimes, such as insurance fraud and bank fraud, and not just hush money payments. In a new filing made at the US District Court for the Southern District of New York on Tuesday, Manhattan District Attorney Cyrus Vance Jr. argues Trump’s legal team is mistaken in claiming that their investigation into the president’s financial records is limited to […]
Max Keiser and Stacy Herbert discuss the US Federal Reserve’s endless money printing, particularly during the coronavirus pandemic. They look at historical gold, dollar and Fed Funds rate charts to see if they can find answers. “All of the cash that has been printed has been hoarded by the bankers to keep their balance sheets solvent by filling up the tank, even though the tank has a massive leak,” Max says, adding that the “leak goes magically into the pockets of just a few of their friends; it’s what we call financial apartheid.” He explains that the process is continuing unabated […]
The Brookings Institute was heavily involved in the Democrat and Deep State Russia collusion hoax and Ukraine impeachment fraud. These actions against President Trump were criminal. This institute is influenced from foreign donations from entities who don’t have an America first agenda. Julie Kelly at American Greatness released a report where she addresses the connections between the Brookings Institute, Democrats and foreign entities. She summarizes her report: Accepting millions from a state sponsor of terrorism, foisting one of the biggest frauds in history on the American people, and acting as a laundering agent of sorts for Democratic political contributions disguised as […]
https://cdn1.img.sputniknews.com/img/107919/31/1079193136_0:0:3073:1728_1200x675_80_0_0_baef435a6861e37b395bbfcba4f302a4.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202007221079955307-iran-planning-to-lever-financial-assets-held-abroad-to-balance-own-currency-rate/ MOSCOW (Sputnik) – The Iranian government has unveiled plans to use foreign currency reserve assets abroad for balancing domestic exchange rates, which have experienced extreme volatility over the past week, President Hassan Rouhani said on Wednesday. “We are trying to use the currency we hold in other countries as reserves, as good measures have been taken in recent days with at least three countries”, Rouhani said at a cabinet meeting, as quoted by Iran’s Tasnim news agency. The Iranian president pointed, in particular, to Russia and China, saying that the political ties with these […]
The summit has continued for several days, unplanned, due to strong differences over a COVID-19 recovery fund and a long-term budget. The EU leaders have coordinated an economic recovery fund and a long-term financial plan at the summit in Brussels, EU Council president Charles Michel announced on Tuesday. The EU has agreed on a 750 billion euros economic recovery fund and a 1.074 trillion euros financial plan for 2021-2027, the Belgian Prime Minister said. Ahed of the plenary session, Michel said that he would offer new proposals on the EU’s long-term budget and the recovery plan, describing it as the “fruit of lots […]
Japan’s largest banking firm, Mitsubishi UFJ Financial Group (MUFG), is set to issue a digital currency in the second half of this year. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
(Author Joe Hoft lived in Hong Kong for nearly a decade and provides this first hand perspective) China took control of Hong Kong, the former British colony, in 1997. Ever since that time, the Chinese Communist Party (CCP), the small group that runs China, has attempted to control the tiny country. This has escalated over the past year. The CCP agreed to a 50-year plan to take over the country of Hong Kong in 1997 after the takeover. However, this may never have been the CCP’s intent. Now after less than 25 years, the CCP is hammering Hong Kong into submission […]
Patrick Murck is chief legal officer at Transparent Systems, developers of distributed settlement solutions, and an affiliate at Harvard’s Berkman Klein Center. Linda Jeng is global head of policy and special counsel at Transparent Systems and a senior fellow at Georgetown’s Institute of International Economic Law. Digital dollars can be designed in any number of ways, and these design choices will have profound implications for the people who use them. Congress should carefully consider why we need a digital dollar and what should be the core objectives. Is the goal of a digital dollar simply to make payments more efficient, or […]
Former Spanish king Juan Carlos has had a number of damaging allegations of financial impropriety against him which has seen the Spanish royal family fall under scrutiny. The Spanish Supreme Court is currently investigating the former king over the role he played in landing Spain a lucrative contract to build a high speed railway in Saudi Arabia. Spain’s former king Juan Carlos has put the Spanish royal family under scrutiny due to questions over his finances and several allegations of impropriety. According to a Guardian report though legal experts have said that the former king’s actions are unlikely to affect the […]
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a “limited” financial tool. Source link
The president swiftly responded to the Supreme Court rulings on Twitter saying the legal battle, which has not been put to rest, is “not fair to this Presidency or Administration!” J. Scott Applewhite/AP hide caption toggle caption J. Scott Applewhite/AP The president swiftly responded to the Supreme Court rulings on Twitter saying the legal battle, which has not been put to rest, is “not fair to this Presidency or Administration!” J. Scott Applewhite/AP Updated at 11:30 a.m. The U.S. Supreme Court handed President Trump a big loss Thursday, ruling that he is not “categorically immune” from having his pre-presidential financial records […]
Stadiums like the Yale Bowl in New Haven, Conn., will be empty this year after the Ivy League canceled fall sports because of the coronavirus pandemic. Jessica Hill/AP hide caption toggle caption Jessica Hill/AP Stadiums like the Yale Bowl in New Haven, Conn., will be empty this year after the Ivy League canceled fall sports because of the coronavirus pandemic. Jessica Hill/AP There will be no fall sports in the Ivy League this year, officials announced on Wednesday. This is the latest in a series of coronavirus-related disruptions in the sports world, but the first Division I conference to cancel fall […]
The Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, said it would prioritize strengthening its anti-money laundering and counter-terrorist financing efforts through digital transformation as new leadership gets under way. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Charles Hoskinson, IOHK’s CEO, will become an advisor to Wave Financial as part of the deal. Source link
To decrease wealth inequality, one passionate financial adviser argues why financial education needs different content, from different voices, delivered through different channels. Financial education and financial literacy are at crisis levels in this country. Financial advisers spend billions on advertising but a fraction of that on education. The resources that are available tend to be inaccessible and not designed for the people who need them most. Financial media remains a boring, exclusionary acronym game. The net result of all of this is a population of Americans who don’t have the mental tools to understand, make sense of and make good decisions […]
https://cdn1.img.sputniknews.com/img/107976/27/1079762728_0:0:3072:1729_1200x675_80_0_0_6226d52173da480fac94be460e487542.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202007011079762808-us-allegedly-has-financial-data-to-support-russia-bounty-claims—reports/ WASHINGTON (Sputnik) – The US intelligence community’s claims that Russia offered bounties for US soldiers in Afghanistan is allegedly supported by data obtained showing financial transfers from the GRU to a Taliban-linked account, the New York Times reported citing three officials familiar with the matter. The report on Tuesday said that US analysts concluded based on other intelligence that the transfers were likely part of a bounty program detainees talked about during interrogations. Russian officials have denied the allegations in the article as false and characterized them as being part of the internal political […]
Footage shows a massive swarm of locusts invading the Indian city of Gurugram, located just southwest of New Delhi. The cloud of insects is a rare sight in the city that is a posh financial and technology hub. The locusts descended upon the streets of Gurugram on Saturday, flying in a large, cloud-like mass as well as resting on everything they pleased. The invasion had been anticipated, with the city’s authorities urging the residents to close doors and windows beforehand. Footage from the scene shows thousands of desert locusts swarming in the air so fast they are making the picture blurry. […]
A new survey shows that Americans are delaying their dreams of home and family life to focus on personal finances. A study commissioned by financial planning nonprofit Life Happens and conducted by One Poll of 2,000 Americans finds that a majority of respondents are putting the hallmarks of traditional adulthood, like marriage, starting a family and saving for retirement, on the backburner, reports Study Finds. Sixty-one percent of respondents said such plans were no longer important to them, with the primary reason being money. The milestone being delayed the most was saving for retirement, followed by marriage, having children, buying a […]
China should prepare for a financial war with the United States and the potential risks of being cut off from the dollar system, according to Fang Xinghai, Deputy Head of the China Securities Regulatory Commission. According to Fang Xinghai, Russia’s experience has shown how excessive dependence on dollar transactions makes a country vulnerable to US sanctions. Fang Xinghai made his statement, speaking at the Caixin Financial Forum. He pointed to a precedent when the US introduced sectoral sanctions, as well as restrictions against certain Russian companies and individuals, due to the 2014 Crimean crisis. Fang Xinghai said that China carried out […]
Robert David Steele, former US spy recommended for the Nobel Peace Prize in 2027, has completed his two month project on Wall Street financial crime. His task has been to raise public awareness of $100 trillion in documented theft by Wall Street from Main Street (inclusive of pension funds and the life savings of cops, firefighters, teachers, and nurses). There is an additional $100 trillion in illicit wealth from money laundering. All tangible assets existing today that have been purchased with $200 trillion in illicit wealth — waterfront mansions, super-yachts, private aircraft, art collections, private islands, stocks of gold and […]
Racial diversity and financial inclusion are good for cryptocurrency and blockchain – and the industry has work to do. That was the overarching conclusion of a virtual Juneteenth event put together by Cleve Mesidor, founder of the National Policy Network of Women of Color in Blockchain. Juneteenth is the celebration of June 19, 1865, when the last group of enslaved African Americans were made aware of the Emancipation Proclamation that U.S. President Abraham Lincoln had signed two years earlier. While America’s education system has left many ignorant of the origins of Juneteenth, there has been a revived interest in turning the day […]
Meng Wanzhou’s lawyers have insisted US prosecutors misinterpreted what they consider to be the most prominent evidence against Meng – a PowerPoint presentation to the bank HSBC, by omitting crucial disclosure from the document. Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court as she has stepped up efforts to fight extradition to the United States on financial fraud charges, according to British Columbia court documents released on Monday. Meng’s lawyers insisted that the case the United States launched in Canada is “so replete with intentional and reckless error” that it violates her rights. “Ms Meng […]
Costs have gone up for addiction treatment centers in recent months, as they have had to invest in teletherapy and personal protective gear. “We are at risk for not having the funding that we need to keep our doors open,” says one medical director. Maskot/Getty Images hide caption toggle caption Maskot/Getty Images Costs have gone up for addiction treatment centers in recent months, as they have had to invest in teletherapy and personal protective gear. “We are at risk for not having the funding that we need to keep our doors open,” says one medical director. Maskot/Getty Images Fewer patients in […]
Currently just a flashy idea, the digital dollar is competing with more prosaic but proven 20th-century methods for the job of getting stimulus funds to every U.S. resident. That’s the takeaway from Thursday’s House Financial Services Committee (FSC) hearing, where witnesses advocated different solutions to the problem. Making the case for an electronic greenback was J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), now a director with the Digital Dollar Project. As he has in the past, he argued tokenization is a way to future-proof the dollar. Other countries, including China, are working to digitize their currencies, […]
One of the federal bank regulators in the U.S., and the only one that charters national banks, is seeking public input on how it regulates new technologies and digital banking activities, including cryptocurrencies and blockchain tools. In an advanced notice of proposed rulemaking published Thursday, the Office of the Comptroller of the Currency (OCC) said it was reviewing its regulations around digital bank activities to ensure that these regulations “continue to evolve with developments in the industry.” The notice, one of two published Thursday, was signed by Acting Comptroller of the Currency Brian Brooks, the former chief legal officer of Coinbase […]
ROBERT STEELE: This cartoon was funded by the new project to help Main Street recover $200 trillion stolen by Wall Street — half via naked short selling (the sale of stocks that are never delivered) and half via money laundering. Other cartoons here. Re-Published with Permission. Visit Ben at https://grrrgraphics.com/. Roughly 5,000 individuals, a combination of individuals, partners in the major Wall Street firms including particularly Goldman Sachs, Merrill Lynch, and JPMorgan, and associated lawyers and others engaged in the global ecology of naked short selling and money laundering – both federal crimes – are now subject to discovery and criminal […]
“I think you should quit your job and go and work for the good guys,” the Human Rights Foundation’s Alex Gladstein told Tom Robinson, the founder of crypto compliance firm Elliptic, Monday afternoon. The two were debating blockchain surveillance as part of the Mainnet online event, sponsored by Messari, which opened today on the Hopin platform. Human Rights Foundation is an organization that focuses on working with activists around the world, especially in closed societies. Elliptic is a blockchain analytics company that helps enforcement-minded clients track the flow of crypto payments. Robinson told Gladstein and the Messari audience that he founded […]
India ranks behind only the US and China for military spending. With massive budget cuts coming, it needs a model that gets it more for its money – like Russia’s. Faced with an impending economic crisis, India is looking to review its military spending. Following indications by the Ministry of Defence that the military budget could be cut by up to 40 percent, India’s first Chief of Defence Staff (CDS), General Bipin Rawat, has called upon the armed forces to reduce their dependence on arms imports, rein in further spending and focus on increasing locally produced arms. “We are not expeditionary […]
Whistleblower Claims Obama’s Treasury Department Regularly Surveilled Retired Army Lt. Gen. Michael T. Flynn’s Financial Records and Transactions But Obama Inspector General Covered It Up Tap here to add The Western Journal to your home screen. Source link
The St. Louis Archdiocese will close at least three schools due to the strain of coronavirus. Most Holy Trinity Catholic School in North St. Louis is one of the schools that will be closing. This Catholic school is located in the inner city. Parents were stunned to hear the news of the closing. FOX2 Now reported: TRENDING: BREAKING: Video Surfaces of Joe Scarborough Joking About Having Affair With Intern and Having to Kill Her The financial strain of social distancing to prevent the spread of COVID-19 is closing three Catholic elementary schools. The Archdiocese of St. Louis says that Most Holy […]
Things are settling in on the third day of Blockchain Week. Tuesday saw Nym’s Harry Halpin give an in-depth demonstration on how to shield your transactions, while Vitalik Buterin walked back a comment he made the previous day. Here’s what my colleague Nikhilesh De watching for throughout the day: Good morning folks, and welcome to day three of CoinDesk’s Consensus: Distributed. There’s a lot to look forward to today, but in the interests of keeping this newsletter opening relatively short I’m going to focus on two themes I’m personally interested in: financial inclusion and the Travel Rule. Financial inclusion is an issue that’s […]
UK 07:00 GMT 08.05.2020Get short URL The British government has been accused by critics of failing to properly take into account the millions of self-employed and precarious workers whilst arranging for financial support measures for men and women who can’t work thanks to the COVID-19 lockdown. A joint lawsuit has been launched in the High Court against the British government by UBER drivers and the Independent Workers Union of Great Britain (IWGB), over what they describe as discrimination from the UK treasury in its implementation of COVID-19 financial assistance programmes. UK Treasury secretary Rishi Sunak announced plans to cover 80% of […]
A political group run by prominent conservative Trump critics has burrowed its way fully under the skin of the president and his political team, who have hit back hard by calling the group’s members “washed up Washington swamp creatures” and dubbing the group itself a “scam PAC.” The atacks from the Trump reelection campaign this week against the Lincoln Project and its principals—people including longtime GOP attorney George Conway and political operative Rick Wilson (a Daily Beast columnist)—are based on the premise that the organization is running hard-hitting anti-Trump ads not to damage the president but to line the pockets of […]