Month: January 2022

Dominic Cummings, mastermind of Britain’s pro-Brexit campaign, once quoted Sun Tzu, the Chinese philosopher, on how to defeat an enemy without warfare: “You disorient them with speed so they make blunders that undermine their own moral credibility”. Cummings, Boris Johnson’s former consigliere turned potential nemesis, appears to be putting this into practice. Publicly urging the
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Sharing is Caring! by confoundedinterest17 The Chinese Real Estate Developer Debacles continues to spread from Evergrande to other developers as China’s Central Bank cuts rates due to Omicron spread. First, China’s Central Bank cut their 1 year medium-term lending rate to 2.85% from 2.95%. And the growing malaise in China’s real estate development continues. Fresh turmoil
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Bitcoin (BTC) hovered near $43,000 on Jan. 17 as “boring” price action combined with signs that the market could be stabilizing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Leverage comes off all-time highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying firmly within its established trading range between $40,000 and $45,000. With few surprises
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The smart contract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. Seven-day statistics indicate that cardano’s price has spiked 30.9% over the week and took over the fifth-largest crypto market cap position on Sunday evening (EST). NFT and Metaverse Project Pavia Pushes Cardano’s Price Higher
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There’s been a lot of talk about whether the backdoor Roth IRA and mega back door Roth conversions will be eliminated. However, this isn’t the only reason to convert money to Roth. The most common reason is to pay taxes on pre-tax money now so the money can grow to be eventually tax-free. Let’s take
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For the win! A guaranteed win? (by Half Dollar) I’m not sure why I feel like writing about this in mid-January? Perhaps it is because of the myriad forecasts and predictions for 2022 that I’ve had the displeasure of reading over the last two weeks that have me all worked me up in some weird
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How would you like to invest $22,000 and have it turn into $2 million? Thousands of people do it. But how? The answer is simple. Their investment strategy involves a four-year commitment to education. The payoff begins by earning a college degree, which opens the door to a lifetime of earnings that may not have
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Yemen’s Iran-aligned Houthi rebels have claimed responsibility for an attack on the United Arab Emirates in which at least three people were killed. Abu Dhabi said drones may have been used in two separate explosions in the capital. If confirmed by the Emiratis, this would be the Houthis’ first attack on the Gulf state, which
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China’s zero-Covid policy goes far beyond social distancing and wearing masks in crowded places. It means closed highways and suspended flights, trains and bus services. China is taking tough action partly to forestall disruption to the Winter Olympics, which are less than three weeks away. That means trading much-needed economic growth for international prestige. China
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Today’s Social Security column addresses questions about how high benefit rates can possibly be, whether there’s a Social Security benefit increase for caring for a disabled spouse and the accuracy of Social Security’s benefit estimates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
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Shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid to forestall an economic fallout. The U.S. federal government stepped in with a broad array of measures, including a $2.3 trillion package designed to support financial markets, state and
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The LGBTQ+ community has fought long and hard to gain the same marriage rights as heterosexual men and women. It took decades before marriage equality was widely accepted, when the U.S. Supreme Court ruled in 2015 in Obergefell v. Hodges that all 50 states must recognize same-sex marriage. More than a dozen states still have
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Global companies are used to operating and communicating across borders. They were also well-resourced enough to offer remote working to employees long before the pandemic and subsequent lockdowns made it a necessity. They ought, in other words, to be readier than most for a hybrid world of co-ordinated remote and in-person work. Before coronavirus hit,
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In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That
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Who’s Minding the Store? We’re seeing it more and more now at AgingParents.com: elders as landlords who can’t do the management job any longer. Sometimes it’s the adult children who bring the issue to our attention. They see Dad failing maintain those rental houses he has had for decades. If tenants complain, he does not
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Newly released transcripts of Federal Reserve policy meetings in 2016 show then-Governors Jerome Powell and Lael Brainard were quick to pivot away from planned interest-rate hikes in the face of risks posed by a stumbling Chinese economy. Both policy makers made clear in the year’s January meeting of the Federal Open Market Committee they believed
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