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Economics And Finance

Facebook To Banks: Give Us Your Data, We’ll Give You Our Users (#GotBitcoin?)

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Facebook has asked large U.S. banks to share detailed financial information about customers as it seeks to boost user engagement. Facebook To Banks: Give Us Your Data, We’ll Give You Our Users Facebook Inc. Wants Your Financial Data The social-media giant has asked large U.S. banks to share detailed financial information…

Ultimate Resource On Crypto And Traditional Hedge Fund Closures (#GotBitcoin?)

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Backed by Jamie Dinan and Dan Loeb, Cerrano Capital was launched less than a year ago. Ultimate Resource On Crypto And Traditional Hedge Fund Closures (#GotBitcoin?) A hedge fund backed by some of the industry’s biggest names, Cerrano Capital LLC, is closing less than a year after it got off…

The Money Laundering Hub On the U.S. Border? It’s Canada! (#GotBitcoin)

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Strict privacy laws, a reluctance among banks to report suspicious activity and weak regulators contribute to low number of convictions. The Money Laundering Hub On the U.S. Border? It’s Canada! (#GotBitcoin) After a Vancouver-based real-estate agent wired almost $240,000 from Canada’s Bank of Montreal to an account in Boston last…

Record Drop in Foreigners Buying U.S. Homes

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Foreign purchases of U.S. homes had their biggest drop ever, bringing relief to waves of American house hunters who have struggled to compete in affluent neighborhoods with wealthy buyers from abroad. Purchases by international buyers totaled $121 billion in the fiscal year ended in March, down from $153 billion the…

US Treasury Plans Increased Auctions to Fund Looming Trillion-Dollar Deficits (#GotBitcoin?

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The department introduced a new two-month Treasury bill and will consider an additional auction of inflation-protected securities. US Treasury Plans Increased Auctions to Fund Looming Trillion-Dollar Deficits The U.S. Treasury Department will step up auctions of U.S. debt by an additional $30 billion over the next three months and introduced…

Credit Card Usage Declines, Bitcoin Payment Systems Rise

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More than half of U.S. consumers are aware of technologies that would allow them to make payments via apps. Credit Card Usage Declines As Bitcoin & Digital Payment Systems Reach Mass Adoption An evolution is under way in the global payment system. Advances in mobile phones and internet technology are giving…

The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy (#GotBitcoin)

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Many retirement funds could face insolvency unless governments increase taxes, divert funds or persuade workers to relinquish money they are owed. The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy (#GotBitcoin) For the past century, a public pension was an ironclad promise. Whatever else happened,…

Dwolla: A New and Revolutionary Way to Pay and Be Paid!

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A New and Revolutionary Way to Pay and Be Paid! Say Good-By To Paypal and Credit Card Companies!  Dwolla, a startup in the online payments markets, announced three new services Friday that it hopes will accelerate both merchant and consumer acceptance of Dwolla transactions, one of the big barriers that…

The Creature From Jekyll Island This Video Explains Why The U.S. Financial System is Corrupt and How It Came To Be That Way

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https://www.youtube.com/watch?v=lu_VqX6J93k&feature=youtu.be&list=PLU1KxUVqGmaP12ItPrcJcAoGiAq85G4S7 "Let Me Issue And Control A Nation's Money And I Care Not Who Writes The Laws."Mayer Amschel Rothschild, "If The American People Ever Allow Private Banks To Control The Issue Of Their Currency, First By Inflation, Then By Deflation, The Banks And Corporations That Will Grow Up Around Them Will Deprive…