New York Times To Get Around $100 Million From Google Over Three Years
According to the Wall Street Journal, it has been reported that the New York Times is set to receive around $100 million from Google over three years as part of a broad deal. The New York Times (NYT.N) is getting around $100 million from Google over three years as part of a broad deal that allows the […]
How El Chapo’s Sons Built A Fentanyl Empire Poisoning America
“Los Chapitos,” or “the little Chapos,” the four siblings who are El Chapo’s sons, have rebuilt and diversified the business, creating a fentanyl empire that is poisoning America. In January 2017, days after Mexico extradited the notorious drug trafficker Joaquín “El Chapo” Guzmán to the United States, local cops in his home state of Sinaloa […]
Signing The WTO IT Pact, A Big Mistake
India’s voluntary decision to join the WTO Information Technology Agreement (ITA) in 1997 was deemed a big mistake by some. India having lost the WTO dispute on customs duties on mobile phones and certain other IT products is now old news. But an important facet of the dispute appears to have escaped attention of the […]
West Losing Russian Gold
Bloomberg reported that the West is losing Russian gold to the United Arab Emirates, Hong Kong, and Turkey, which have not joined Western restrictions. A number of countries are snapping up Russian gold bullion after Western governments closed their markets as part of Ukraine-related sanctions on Moscow, Bloomberg reported on Tuesday. The G7, EU and […]
Who Benefits From The New York Times’ Attacks On Bitcoin?
Carlos Slim Helú, a Mexican business magnate who provided the newspaper with a $250 million loan in 2009 and currently owns roughly 8% of it, is one of the people who may benefit from The New York Times’ attacks on Bitcoin. Does one of the largest individual shareholders of The New York Times benefit from the publication’s […]
California Defaults On $18.6 Billion In Debt
According to data from the US Treasury, California owes the most debt at $18.6 billion and has defaulted on it. California’s recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic will fall on the shoulders of employers, according to experts. “The state should have […]
Elizabeth Warren Wants The Police At Your Door In 2024 If You Have A Crypto-Wallet
In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. Not crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.
Trading In US Banks Halted As Financial Panic Spreads
As financial panic spreads, regulators temporarily suspended trading in shares of two US banks – Los Angeles-based PacWest and Arizona’s Western Alliance – after their prices fell dramatically. Two more US regional banks saw their shares suspended on Thursday, amid the worst crisis to hit the country’s financial sector since 2008. Regulators temporarily suspended trading in shares […]
Westinghouse Announces Mini-Nuclear Reactor
Rita Baranwal, the top technology officer at Westinghouse Electricity Co., announced that the company has developed a mini-nuclear reactor, named AP300 for its planned 300-megawatt capacity. U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power water desalinization and other industries. […]
Visualizing The Assets & Liabilities Of US Banks
Using data from the Federal Reserve, the assets and liabilities of US banks have been visualized below. The U.S. banking sector has more than 4,000 FDIC-insured banks that play a crucial role in the country’s economy by securely storing deposits and providing credit in the form of loans. This infographic from Visual Capitalist’s Niccolo Conte and […]