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When it was launched, Bitcoin (BTCUSD) was envisaged as a medium for daily transactions by its inventor, Satoshi Nakamoto. The idea behind a decentralized cryptocurrency was to eliminate centralized control of money from government agencies and ensure speedy processing of transactions. More than a decade later, observers are questioning whether the cryptocurrency has failed to
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This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Market failure, government intervention and government failure Click to watch the short video below and then answer the questions: Draw an externalities diagram related to the farming industry What policies could a government introduce
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On Tuesday afternoon, the U.S. Food and Drug Administration (FDA)  Vaccines and Related Biological Products Advisory Committee (VRBPAC) voted 19-2 to recommend that future booster shots for preventing infection with Covid-19 be tweaked to address “super-contagious” Omicron variants, as the Associated Press reports. AP further notes that Pfizer (PFE) and Moderna (MRNA) are already on
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Sharing is Caring! by Martin Armstrong After examining 12 months of data from 1.7 million Americans, the Associated Press (AP) has found that people are fleeing the Democratic Party. The Democrats enjoyed a slight edge while Trump was in power, as the outspoken president seemingly polarized voters who felt the two parties represented good v. bad. Inflation
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With the Fed aggressively trying to manage record-high year-on-year inflation rates with a series of interest rate hikes, rising mortgage rates are impacting home affordability for many American homebuyers. Housing market activity arguably got way overheated amid the pandemic, especially in 2021, and should experience a natural slowdown. Many housing markets are showing signs of
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On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC
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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - It is PMI day all over the world and it has been a mixed bag so far heading into the U.S.
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While the S&P 500 posted its worst performance for the first half of the year since the 1970s, and other global markets have struggled as central banks raise interest rates, there’s a bull market underway in China. Easing virus restrictions and a looser policy stance have helped Chinese equities defy the recent sell-off of global stocks. Chinese authorities also
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Millennials shouldn’t rely on Social Security for 100% of their retirement. In fact, a new study says, they shouldn’t even rely on it for 100% of their Social Security checks. According to the HealthView Services, a healthcare research group, Americans born between 1981 and 1996 should expect about a 20% cut to their projected benefits
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Paychex, Inc. (NASDAQ: PAYX) offers integrated human capital management (HCM) solutions to organizations of any size, from startup to enterprise. The company reported impressive results for the fourth quarter of Fiscal 2022. Revenues of $1.14 billion climbed 11% year-over-year, while earnings increased 13% from the year-ago quarter to $0.81 per share. However, the company provided weak
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Sharing is Caring! by Grif The Catholic Church is under attack by radical pro-abortion terrorists who have rampaged across the country, looting, ransacking, and burning Catholic houses of worship. According to CatholicVote, there have been more than 150 violent attacks in 39 states since 2020. The most recent church burning was Sunday, (July 26, 2022) when
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Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security.  On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter
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Descending from the triple-height ceiling of the lobby of the new Garza Blanca Resort & Spa Cancun, Mexico, are 1600 light fixtures. Against the distant gold ceiling, they appear to be floating, an ethereal element in a vast, dramatic space. “The wow factor is a very important part of our design,” says Carlos Alberto Palomera
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Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB),
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Municipals were firmer to end the month, but underperformed a U.S. Treasury rally following cooler-than-expected inflation data that fueled recession fears. Equities sold off leading to the S&P 500 closing with the worst first half performance since the 1970s. “A global central bank effort to fight inflation is driving rising recession fears that has given
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