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Economics And Finance

China’s New $21 Billion High-Tech Manufacturing Fund Likely To Rankle U.S.

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The Trump administration has criticized China for subsidizing the technology and advanced manufacturing sectors. China’s New $21 Billion High-Tech Manufacturing Fund Likely To Rankle U.S. China set up a $21 billion fund to further develop its advanced manufacturing sector, demonstrating that Beijing is pursuing its ambition to lead globally in…

OK Boomer, Who’s Going To Buy Your 21 Million Homes?

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Baby boomers are getting ready to sell one quarter of America’s homes over the next two decades. The problem is many of these properties are in places where younger people no longer want to live. OK Boomer, Who’s Going To Buy Your 21 Million Homes? When this Phoenix suburb opened…

Harvard University Stages ‘Digital Currency Wars’ Crisis Simulation (#GotBitcoin?)

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Harvard University’s Kennedy School carried out a live simulation of a White House National Security Council meeting on Nov. 19, featuring former senior administration officials and thought leaders. The “Digital Currency Wars” event examined a potential future scenario, following a North Korean missile test, potentially enabled by China’s proposed digital…

Why Cheap Money Hasn’t Led To A Corporate Spending Boom (#GotBitcoin?)

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Weak economic growth made new factories unappealing, while disruptive technologies didn’t involve much investment. Why Cheap Money Hasn’t Led To A Corporate Spending Boom (#GotBitcoin?) One of the great financial puzzles of the past decade has been why companies didn’t load up with the cheapest money in history to invest…

Next In Google’s Quest For Consumer Dominance: Banking (#GotBitcoin?)

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Search giant plans to partner with banks to offer checking accounts. Next In Google’s Quest For Consumer Dominance: Banking (#GotBitcoin?) Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The project, code-named Cache, is expected to launch next year with accounts…

Trump Fails To Convince Investors To Place $3.4 Trillion Into Stocks (#GotBitcoin?)

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Assets in money-market accounts are at a decade high, a bullish sign for some investors. Trump Fails To Convince Investors To Place $3.4 Trillion Into Stocks (#GotBitcoin?) Nervous investors have socked $3.4 trillion away in cash. But stocks are rising and their nerves are calming, leading bulls to view the…

Killer Mike Demands Black People Stand With Byron Allen In Discrimination Fight Against Comcast Going To The Supreme Court

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Atlanta born and social justice-centered, Killer Mike is clear about our responsibility as African Americans to one another. Killer Mike Demands Black People Stand With Byron Allen In Discrimination Fight Against Comcast Going To The Supreme Court #IStandForByronAllen Without a doubt, the rapper/activist believes that as a community, our focus…

Black Owned Banks And Credit Unions: Putting Your Money Where It Counts

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You always hear people talking about investing in the community and letting money circulate as a way to strengthen neighborhoods but did you know that doing this isn’t actually that hard?  Black Owned Banks And Credit Unions: Putting Your Money Where It Counts The Battle To Keep America’s Black Banks…

Trump’s LACK Of Infrastructure Investment Is Putting American’s Lives At Risk (#GotBitcoin?)

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Aging US Dams Pose Risk to Thousands. Trump's LACK Of Infrastructure Investment Is Putting American's Lives At Risk (#GotBitcoin?) On a cold morning last March, Kenny Angel got a frantic knock on his door. Two workers from a utility company in northern Nebraska had come with a stark warning: Get…

Russia Targets Dissenters—Right In Their Bank Accounts (#GotBitcoin?)

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Activists say hundreds of people suddenly found themselves $1.2 million in debt, the amount Moscow alleges opposition group laundered for crime lords. Russia Targets Dissenters—Right In Their Bank Accounts (#GotBitcoin?) One morning in September, Andrei Yegorov woke to discover his bank account was frozen and in the red to the…

23 Dizzying Average American Savings Statistics (#GotBitcoin?)

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Everyone wants to save more money, but figuring out how to do it is usually the hardest part. While the economy is continuing its slow recovery, many Americans still struggle with being able to set aside a little something for the future. Millennials, in particular, are facing a tougher uphill…

Ultimate Resource On Libor As It Transitions To Another Benchmark Index (#GotBitcoin)

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Wall Street Banks Manipulated LIBOR In Rigging Us Treasury Auctions.  Ultimate Resource On Libor As It Transitions To Another Benchmark Index (#GotBitcoin) Annie Bell Adams 65-Year-Old Pensioner Leads LIBOR Class-Action Suit In New York Against 12 Major Banks. As a result of the scandal, the Serious Fraud Office of Britain…