Economics And Finance
Federal Deficit Attention Disorder Or #FDAD(#GotBitcoin?)
We’ll Be $1 Trillion in the Red in 2020. No Big Deal! Federal Deficit Attention Disorder #FDAD (#GotBitcoin?) The U.S. has its own kind of attention deficit disorder: We don’t pay attention to the deficit. When word got out that the federal deficit is poised to surpass $1 trillion this…
Trump To Propose $4.8 Trillion Budget With Big Safety-Net Cuts (#GotBitcoin?)
White House seeks savings through curbs on Medicare, Medicaid while boosting funds for military, veterans. Trump To Propose $4.8 Trillion Budget With Big Safety-Net Cuts (#GotBitcoin?) President Trump is expected to release a $4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing…
Treasury Identifies Top Vulnerabilities In U.S. Financial System (#GotBitcoin?)
A lack of a requirement to disclose companies’ beneficial ownership is one key issue. Treasury Identifies Top Vulnerabilities In U.S. Financial System (#GotBitcoin?) The lack of requirements to disclose a company’s beneficial ownership information is one of the top vulnerabilities in the U.S. financial system, the U.S. Treasury Department said…
New Risk To World Economy: Synchronized Housing Slowdown (#GotBitcoin?)
Global growth in home prices slows as world-wide residential investment continues to decline. New Risk To World Economy: Synchronized Housing Slowdown (#GotBitcoin?) Housing markets across the world, from the U.K. to China to Australia, are losing steam, holding back prospects for the global economy that last year grew at its…
Warren Buffet’s Berkshire Hathaway Invests In Solar Company Accused Of Running Ponzi Scheme
A California couple whose solar company counted Berkshire Hathaway Inc. BRK.B -1.10% as one of its investors pleaded guilty Friday to running a $900 million Ponzi scheme. Warren Buffet's Berkshire Hathaway Invests In Solar Company Accused Of Running Ponzi Scheme Jeff and Paulette Carpoff, who began raising money in 2011,…
So Long, California? Goodbye, Texas? Taxpayers Decide To Move
After new tax law made it costlier to own a house in many high-price areas, some residents are pulling up stakes. So Long, California? Goodbye, Texas? Taxpayers Decide Some States Aren’t Worth It (#GotBitcoin?) Larry Belardi and Bobbie LaPorte are longtime San Francisco residents, but they are planning to leave…
H.R.5635 – Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to exclude from gross income gain from disposition of virtual currency in a personal transaction. H.R.5635 - Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020) [embed]https://www.youtube.com/watch?v=XzN0pu6Eohg[/embed] Get Alerts Text Available As: XML/HTML XML/HTML (new window) TXT PDF (PDF…
World’s 2,153 Billionaires Hold More Wealth Than 4.6 Billion People Combined (#GotBitcoin?)
The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60% of the planet’s population, a new report from the charity group Oxfam says. World’s 2,153 Billionaires Hold More Wealth Than 4.6 Billion People Combined (#GotBitcoin?) Oxfam’s report, ‘Time to Care’, was released Sunday just…
The Key Distinction Between U.S. Energy Independence And Energy Security
As crude prices react to escalating tensions between the United States and the Islamic Republic of Iran, now is an important time to understand the key distinction between energy “independence” and energy “security” as the terms apply to the U.S. The Key Distinction Between U.S. Energy Independence And Energy Security…
The Prospect of Using Bitcoin To Build A New International Monetary System Is Getting Real
When world leaders gather in Davos next week, they’ll confront an essential question: Can they seize the opportunity generated by years of innovative blockchain development to reshape the global economic order in a way that creates wealth and value for people around the world? The Prospect of Using Bitcoin To…
Former Senior Fincen Employee Pleads Guilty To Conspiring To Unlawfully Disclose Suspicious Activity Reports
Natalie Mayflower Sours Edwards Illegally Repeatedly Transmitted SARs and Other Sensitive Government Information To A Reporter Resulting In Approximately 12 News Articles Over 1-Year Period. Former Senior Fincen Employee Pleads Guilty To Conspiring To Unlawfully Disclose Suspicious Activity Reports Geoffrey S. Berman, the United States Attorney for the Southern District…
The Era of Fed Power Is Over. Prepare For A More Perilous Road Ahead
Central banks have long exercised influence over booms and busts, but their ability is shrinking. The Era of Fed Power Is Over. Prepare For A More Perilous Road Ahead The Federal Reserve and other central banks have long been the unchallenged drivers of financial markets and the business cycle. “Don’t…