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Archive Monthly Archives: August 2018

"It Was Stupid Of Me" – 'Mrs.Watanabe' Battered By Turkey's Meltdown

It was not just Barclays bankers that took on the chin from Turkey’s turmoil, Japan’s infamous ‘mom-and-pop’ investors who snapped up high-yielding lira-denominated bonds “because of the yield” have been destroyed. Thanks to the ever-present foot of the Bank of Japan on the throat of yields in Japan, small investors “reached for yield” around the […]

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Visualizing The Social Media Universe In 2018

Billions of people around the world grew up during the age of social media, and mankind is slowly marching toward a future where nearly everyone will be a digital native. And as Visual Capitalist’s Nick Routlery points out, for the one-third of humanity that now uses a smartphone, messaging and status updates are often more natural […]

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Bank Of England Chief Economist Warns Of Disruptive AI Threat In "Fourth Industrial Revolution"

The chief economist of the Bank of England has warned that in order to avoid large segments of the working class becoming “technologically unemployed” (replaced by AI), the UK will need to undergo a revolution in skills, reports the BBC.  Andy Haldane says that a disruptive “Fourth Industrial Revolution” could be on a “much greater scale” […]

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Paul Krugman Learns The Wrong Lesson From Denmark

Authored by Daniel Mitchell via International Liberty, Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. Today, we’re going to peruse his writings on Denmark. Here’s some of what he wrote earlier this month. Denmark can teach us…about the possibilities of creating a decent society. …Denmark, where tax receipts […]

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Michael Cohen Pleads Guilty, Says Violated Campaign Law At "Direction Of Candidate"

President Donald Trump’s former personal lawyer, Michael Cohen, pleaded guilty on Tuesday to campaign finance violations and other charges, saying he made payments to influence the 2016 election at the direction of a candidate for federal office, potentially delivering a legal blow to the president. Cohen, 51, who agreed to a plea bargain with federal […]

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Germany Calls For Global Payment System Independent Of The US

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal […]

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The Swedish Welfare State Leads To Poor Immigrant Assimilation

Authored by José Niño via The Mises Institute, Are cracks emerging in the Swedish welfare state? Leftist experts routinely praise the country for its generous welfare state, and cast shame on countries in the Anglo sphere, such as the United States, for not adopting Nordic style welfare systems. Although Scandinavian countries feature sizeable welfare states, […]

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As Lira Collapses, Turks Are Piling Into Cryptocurrency

The hype is dead, long live the hype. 2017 was a breakthrough year for cryptocurrency. Its combined market cap soared to unprecedented heights, leading to lots of media attention and celebrity endorsements, such as Paris Hilton and Floyd Mayweather, for Bitcoin and other similar currencies. In 2018, however, the skyrocketing ascent began to turn around. […]

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Denmark As A Model For American Socialists?

Authored by Lars Hedegard via The Gatestone Institute, Here are some facts to consider before American “democratic socialists” look to Denmark for guidance, as Senator Bernie Sanders did during the 2016 presidential campaign. First of all, Danes actually pay for their brand of socialism through heavy taxation. In Denmark, everyone pays at least the 25% […]

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"We Are Not Going Bankrupt" Musk Vows As Tesla Suppliers Panic Over Stopped Payments

Less than a month after the WSJ reported first that Tesla was quietly asking suppliers for “cash back” on existing and future projects, describing the request as “essential to Tesla’s continued operation” and characterizing it as an investment in the car company, investors quickly sold off the stock sending it back under $300, amid growing […]

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