The European Union has set up a special purpose vehicle (SPV) to allow European companies to continue to do business in Iran despite the threat of new US sanctions. While the US withdrew from the deal earlier this year, the agreement remains in effect as the US was just one party to the deal. The […]
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While Bitcoin has taken the world by storm, one of the knocks on it has been the fact that, like most other cryptocurrencies, it is not backed by anything. Many of Bitcoin’s opponents in the world of central banking, in particular, like to point out that Bitcoin is just an unbacked currency created ex nihilo, […]
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An illegal immigrant who was a member of a fishing boat crew has been charged with murder after killing one of his fellow crew members and attacking others. Franklin Freddy Meave Vazquez, 27, attacked crew members on the Virginia-based fishing boat Captain Billy Haver with a knife and a hammer. The attack occurred while the […]
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For decades stock markets have been viewed as proxies for the strength of the economy. The higher stock market indexes go, the stronger the economy is deemed to be. The most famous index, of course, is the Dow Jones Industrial Average, which in recent days has pushed back to record new highs. But while many […]
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It used to be that everyone had the same vision of the American Dream. Everyone wanted a good, well-paying job for life, a nice house in the suburbs with a white picket fence, a good car, and a family that they could provide for. But for an increasing number of Americans that dream has become […]
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The post-Labor Day period is supposed to be one in which gasoline prices fall, as Americans returning to work from vacation reduce their demand for gas. But this fall looks to be one in which gas prices will continue to rise, placing even more pressure on American households that continue to face rising prices all […]
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One of the unfortunate effects of today’s media culture that is always looking to provide the latest scoop is that the news that is reported isn’t always true. Nothing illustrated that better than Monday’s drama surrounding Deputy Attorney General Rod Rosenstein. Initial reports on Monday indicated that Rosenstein had resigned. Then new reports came out […]
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Media coverage of natural disasters such as hurricanes has become almost predictable. The dangers of the impending storm are hyped non-stop. Authorities urge everyone in the storm’s path to evacuate. Pictures of bare store shelves and boarded-up houses make the rounds on the internet. And inevitably, many people fail to evacuate and end up needing […]
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In a new push to engage institutional investors, US cryptocurrency exchange Coinbase has opened an office in New York city. The office, which Coinbase hopes to staff with up to 150 employees in the near future, will help to engage Wall Street and the US financial industry and aid in the adoption of Bitcoin and […]
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We’re all familiar with the concept of the American Dream, the idea of having a small family, a house, a car, and leading an idyllic lifestyle. But for more and more Americans that dream is becoming further and further away from reality. With a rising cost of living, more expensive housing, food, and education, it […]
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