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Latest Articles: Business
Bitcoin price falls below $6,000 as banker signals crackdown Post Date: 2018-02-06 07:58:17 by Gatlin
14 Comments
The price of bitcoin fell below $6,000 (£4,300) for the first time this year as a leading central banker said it posed a threat to financial stability and signalled a global clampdown on the cryptocurrency. The new head of the Bank for International Settlements, Augustine Carstens, said bitcoin had become a combination of a bubble, a Ponzi scheme and an environmental disaster that threatened to undermine public trust in central banks. If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability, he said, speaking at Goethe University in Frankfurt, Germany. ...
Senate to spotlight virtual currencies as bitcoin plunges Post Date: 2018-02-06 02:43:30 by Gatlin
3 Comments
WASHINGTON (Reuters) - Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), and Jay Clayton, chairman of the Securities and Exchange Commission (SEC), will give testimony to the Senate Banking Committee amid growing global unease about the risks virtual currencies pose to investors and the financial system. The hearing follows a rout in the price of bitcoin, which plunged more than 15 percent to near a three-month low on Monday on concerns ...
History Is Repeating for Bitcoin Post Date: 2018-02-04 23:31:58 by Gatlin
1 Comments
The tail end of 2017 represented the height of Bitcoin-mania. References to the virtual currency were everywhere, and the meme HODL (short for holding in the Bitcoin community) became almost as ubiquitous as FANG -- short for Action Alerts PLUS holding Facebook (FB) , Trifecta Stocks name Amazon (AMZN) , Netflix (NFLX) and Google parent Alphabet (GOOGL) . Now that bitcoin has reversed course, the excitement is fading. However, for those who have been following bitcoin for years, the current sequence of events seems familiar. Back in 2013, after trading quietly for years, bitcoin roared from below $100 to above $1000. What happened? Prior to that time, most people simply weren't aware ...
Major Banks Ban Buying Bitcoin With Your Credit Card Post Date: 2018-02-04 23:18:39 by Gatlin
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Most major U.S. credit card issuers have now banned the use of their cards to buy Bitcoin or other digital currencies, in a move intended to decrease both financial and legal risk. Bank of America began blocking cryptocurrency purchases on Friday, according to Bloomberg. JPMorgan did the same on Saturday. Citigroup also says it is halting cryptocurrency purchases on credit, and Capital One and Discover had already enacted their own bans. That means all of the top five credit card issuers have announced or implemented bans. The moves are above all in the banks self-interest. As Fortune previously reported, the mania surrounding cryptocurrency late last year appears to have motivated ...
Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs Post Date: 2018-02-04 22:42:25 by Gatlin
6 Comments
Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling financial products and services frequently associated with misleading or deceptive promotional practices.That means no advertiser even those that operate legal, legitimate businesses will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings ICOs for short or binary options, according to a Facebook blog post. That also means that crypto-genius James Altucher, whose ads have appeared all over the internet and have become a meme of sorts for the entire ...
Why Bitcoin Is the Most Dangerous Global Scam in 20 Years Post Date: 2018-02-04 00:47:53 by Gatlin
3 Comments
When bitcoin inevitably crashes, inexperienced investors who believed the hype could lose everything. Originally published by Vivek Wadhwa on LinkedIn: "Why Bitcoin Is the Largest Ponzi Scheme in Human History During the late '90s, Silicon Valley venture capitalists and New York City investment bankers used phrases such as "monetizing eyeballs," "stickiness," and "B2C" to justify the ridiculous valuations of internet companies. They claimed conventional methods were inapplicable in valuing the dot-com companies -- which had no revenue -- because we were entering an entirely new economy. Believing these people, and afraid to miss out on ...
Personal Injury Attorney San Diego Post Date: 2018-01-22 23:36:46 by Tyler Mariam
2 Comments
Do you need a personal injury attorney? Every case requires an attorney, you will want one if your injuries are more than minor, then come to Personal Injury Attorney San Diego for trusted solution. Personal Injury Attorney San Diego has been the most trusted lawyer group in San Diego for making all the personal injury attorney claim guaranteed. A Personal Injury Attorney San Diego is a lawyer who provides legal representation to those who claim to have been injured, physically or psychologically, as a result of the accident. Click for Full Text!
Forget treason, Bannon opens a window on the serious possibility of money laundering Post Date: 2018-01-05 10:34:17 by Willie Green
1 Comments
Trump watchers have been treated to a world-class cage match over the last couple of days between President Donald Trump and one of his political Svengalis, Steve Bannon.Lots of attention has been lavished on Bannon's charge, leveled in a new book by the journalist Michael Wolff, that Trump's son, Donald Jr., engaged in "treasonous" behavior by meeting with a Russian lawyer in Trump Tower during the 2016 presidential campaign. There are also requisite antics involving others in the Trump clan and the White House.All of that is entertaining, as is Trump's furious counterattack. He posits that Bannon has "lost his mind" and on Wednesday night unleashed one of ...
No Exceptions Post Date: 2017-12-23 12:14:45 by Deckard
15 Comments
Theres a kerfuffle in Wisconsin over threatened application of The Law to the Amish.Up to now, theyve successfully dodged Uncle been exempted on religious grounds from a great many busybody-isms, including laws requiring the presence and use of seat belts and child safety seats in all motor vehicles.Their horse-drawn buggies lack motors, of course as well as seatbelts and child seats.They dont have air bags or back-up cameras or tire pressure monitors, either. The Amish dont believe such things are necessary and therefore do without.They also believe its their decision, their business and just want to go about their business, leave ...
Nine Million American Men Pushed Out of Workforce by Cheap-Labor Policies, Says Obama Economist Post Date: 2017-12-21 06:52:35 by 3-Dee
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Nine Million American Men Pushed Out of Workforce by Cheap-Labor Policies, Says Obama Economist immigration by Neil Munro 19 Dec 2017 Nine million working-age men have been pushed out of the workforce by the federal governments salary-cutting economic strategy, says a former economist for former President Barack Obama. The admission comes as some legislators in Congress renew their push for a huge dreamer amnesty that would increase the number of low-wage foreign workers who can take U.S. jobs. The nine million number comes from a new op-ed by Jason Furman, a top economic advisor to Obama. Without mentioning cheap-labor labor, Furman writes in the Wall Street ...
Germans Fear Tax Cut Will Spur US Investment and Growth Post Date: 2017-12-21 02:54:18 by Tooconservative
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The Democrats in Congress and the press have frantically tried to convince the American people that cutting businesses taxes wont do any good. This view is delusional, but we hear it so often it almost begins to sound plausible. Here is a contrary view from a different source, German industry: Germans fear huge loss of jobs from US tax reform. German investment in the US is expected to rise by 39 billion because of lower US corporate taxes. While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment ...
Bitcoin On Fire: Approaching $14K Post Date: 2017-12-06 20:06:25 by Pinguinite
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I'm sure a pullback is due at some point, but this is surpassing my most optimistic expectations. It's gone up about 15% in 24 hours, which was already a price from which a retrace would have been normal and expected. Next week, the CME is set to start trading "Bitcoin Futures" which are to be settled in cash, something I would equate to simply a betting house for what the real bitcoin price will be, and likely being implemented solely for the purpose of attempting to suppress the true bitcoin supply/demand price. They might as well be "futures" trading on daily temperature highs for some random US city. It would be just as legitimate. I am now wondering if ...
A College Football Player Lost His Scholarship Because of YouTube Videos. Now He's Fighting Back. Post Date: 2017-12-02 13:54:47 by Deckard
4 Comments
While technically a nonprofit, the National Collegiate Athletic Association pulls down nearly $1 billion in annual revenues, thanks in large part to multi-million-dollar deals with television networks that want to showcase America's best college athletes playing football, basketball, and a bunch of other sports. There's nothing wrong with that, of course. The market for televised sports is hotter, and more valuable, than it's ever been. But when one of those valuable student-athletes had the nerve to earn a few thousand dollars running a popular YouTube channelone that gives viewers a behind-the-scenes look at the life of a college football playerthe NCAA told him to ...
America’s First Legal Weed Drive-Thru Is Here — and It’s Everything You Imagined Post Date: 2017-11-27 01:21:16 by Hondo68
3 Comments
(ANTIMEDIA) Las Vegas, NV A few months after recreational cannabis became legal in Nevada, Las Vegas now has its very own weed drive-thru. The NuWu Cannabis Marketplace is a cannabis megastore recently opened by the Paiute tribe. It is located on tribal lands and takes up 16,000 square feet, making it the largest dispensary in the area. The massive store employs over 100 people and offers a wide variety of cannabis products, including concentrates, edibles, vape pens and cartridges, pre-roll joints, and topical treatments. NuWu recently took a former bank window and converted it to a drive-thru, hoping to get each customer in and out in under 90 seconds. They launched ...
Ex-Cops Who Fought Against Legal Weed Just Opened a Marijuana Business Post Date: 2017-11-17 08:48:01 by Deckard
2 Comments
ANTIMEDIA) Ontario, Canada Two former top law enforcement officials in Canada who previously campaigned against cannabis legalization are now going into the business. CBC News reports that Former OPP commissioner, MP, and federal Conservative cabinet minister Julian Fantino and former RCMP deputy commissioner Raf Souccar launched a business Tuesday that aims to connect medical patients with quality cannabis. The launch comes eight months before Canada legalizes recreational weed. The news is particularly noteworthy because both men previously issued harsh rebukes of legalizing the plant. CBC noted: Both men spent decades battling illegal drug use ...
CBS Badly Misplayed Their Hand By Making 'Star Trek: Discovery' A Paid Streaming Exclusive [Full Thread] Post Date: 2017-11-01 14:18:20 by Willie Green
46 Comments
I was excited to watch Star Trek: Discovery last night, CBSs return to a true Star Trek show in the age of JJ Abrams blockbusters. I set my DVR and gave it viewing priority over Fear the Walking Dead, because all the early buzz Id heard was stellar. But while I really did like the show, the process of watching it was a total disaster. Though Id set the recording earlier, football pushed all of CBSs programming out of whack so that 20 minutes of some Oprah special aired during the Star Trek: Discovery recording. I watched anyway, as there was extra time in the recording, so I thought maybe cable had adjusted according and squeezed in the full show by ...
Halloween MAGA Hats @ DonaldJTrump.com! $45! Post Date: 2017-10-23 19:50:36 by Hondo68
5 Comments
#MakeHalloweenGreatAgain and order your pumpkin #MAGA hat today! https://t.co/uqw5keCSoU 🎃🇺🇸 pic.twitter.com/N1QsK1PsFW Lara Trump (@LaraLeaTrump) October 23, 2017 Direct link: https://shop.donaldjtrump.com/products/make-america-great-again-orange-hat Also available... On Sale! $4.00 LGBTQ for Trump Buttons
Sports teams are ditching Trump hotels Post Date: 2017-10-12 18:56:12 by Willie Green
3 Comments
Professional teams across four major sports leagues that sometimes stayed in Trump hotels are apparently now finding different lodging while on the road, according to a report Thursday. An investigation by the Washington Post found that none of the 105 teams that responded from the total of 123 franchises from the National Basketball Association, the National Football League, the National Hockey League or Major League Baseball would confirm that it stays at a Trump-branded property while on the road. Of the teams that responded, 18 declined to comment and 71 indicated that they hadnt stayed at Trump hotels in recent years. A total of 17 confirmed a visit to a Trump property within the ...
'I doubt you're a real billionaire': Richard Branson publishes scathing letter from Trump Post Date: 2017-10-02 09:18:50 by Willie Green
1 Comments
Richard Branson has revealed details of his long-running feud with Donald Trump, publishing a scathing letter he received from the then New York property mogul in 2004. Mr Trump wrote to the Virgin brand founder after he launched a short-lived programme, The Rebel Billionaire: Bransons Quest for the Best, with a similar format to The Apprentice.Excerpts from the letter are reproduced in Mr Bransons new book, Finding My Virginity."At least your dismal ratings can now allow you to concentrate on your airline which, I am sure, needs every ounce of your energy, Mr Trump wrote."It is obviously a terrible business and I ...
Another Reason for the Electric Car Push? Post Date: 2017-09-16 11:46:16 by Deckard
0 Comments
Whenever the government is rabidly enthusiastic about something you can be reasonably sure you shouldnt be.Electric cars are being pushed for all kinds of reasons, none of them beneficial to us. If that werent the case, then it wouldnt be necessary to push (mandate, subsidize) electric cars. They would be embraced as naturally as freely as a better smartphone or more-delicious (and cheaper) hamburger. Of course, it is necessary to push them. The why gets interesting.One of the reasons for the electric car push has to do with their very high cost. Which if electric cars are to become mass-market cars necessarily entails more and higher debt ...
I Became a Pot Felon at 18. I'm Owed More Than an Apology. Post Date: 2017-08-25 07:22:40 by Deckard
9 Comments
Maybe reparations from the federal government are in order.When asked why I advocate for legalization of recreational drugs, I give a simple answer: Because the government doesn't know what's best for me or others. But there's another reason, and it's far more personal. Twenty-five years ago, as a college freshman, I was arrested by undercover cops for selling $80 worth of marijuana to fellow students. I was convicted of two felonies: distribution and possession of a narcotic. I spent a month in jail. Long after the ordeal, I feel resentment at the United States government and the old conservative guard who still mostly run it. It's important to understand that becoming ...
Economics Is Dead Post Date: 2017-08-18 20:02:39 by U don't know me
2 Comments
Economics Is Dead August 3, 2017 By: The Mogambo Guru Alas, all my dreams of achieving immortality through my Staggering Mogambo Brilliance (SMB) in economics are turning to bitter dust. This is probably because I am not very bright have never had an original thought in my whole life. For the record, though, I am officially blaming this outrage on everybody but me. Yet, in my deep despair, I can still delight in childishly upstaging real geniuses, like Albert Einstein, who said something to the effect that compound interest was a miracle. Here is where I haughtily say, with a delicious hint of condescending disdain in my voice, Einstein? Ha! What does a theoretical physicist ...
'Free cruise' robocalls could land you $900 Post Date: 2017-08-17 13:35:07 by Willie Green
0 Comments
(KMOV.com) -- A robocall you may have either hung up on or completely ignored may land you $900 in your bank account.In a class action lawsuit, Charvat v. Resort Marketing Group, Resort Marketing Group made automated phone calls offering a free cruise. The problem is, those phone calls violated the Telephone Consumer Act, which places restrictions on telemarketers, according to the lawsuit.You can find out if you're eligible for the payout here.Resort Marketing Group is a third party travel agency and referred to themselves as "Travel Services" during the calls. They made the calls to offer free cruises with Carnival, Royal Caribbean or Norwegian Cruise lines.If you ...
Storage Cubby “Criminals” Post Date: 2017-07-20 06:35:56 by Deckard
6 Comments
You may be aware that cops can simply steal yes, thats exactly the correct word cash found on your person or in your vehicle, in the course of a traffic stop, say solely on account of it being an excessive amount.Excessive being entirely up to them to define.It could be $10,000 or $1,000. There is no specific amount of cash defined by statute that crosses a legal threshold. Thus, one cannot know ahead of time not to carry, say, $5,000 but $500 is ok.It is enough that a government worker with a gun considers whatever cash you are found to have in your possession excessive.And these armed government workers can ...
How the U.S. Postal Service has helped turn Amazon into a giant by undercharging them by $1.46 a package on postage Post Date: 2017-07-15 08:43:04 by cranky
5 Comments
A new report explains how the U.S. Postal Service has been practically subsidizing postage for large retailers like AmazonThe Postal Service is barred by law from charging less than it costs to deliver a packageBut the report finds that they may be miscalculating the package side of their business In April, a Citigroup analysis found that the Postal Service should be charging, on average, $1.46 more on packages'It is as if every Amazon box comes with a dollar or two stapled to the packing slip - a gift card from Uncle Sam,' Josh Sanbulte writes in the Wall Street JournalThere's a reason Amazon packages have become a common sight on front steps around the country, and that's ...
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