Tag: financial

[Premiering 12/22, 10:30 AM ET] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley

The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….


Top Fed Official Sounds Alarm on Stablecoins: ‘Could Pose a Risk to Financial Stability’

Stablecoins are usually described as the remedy to the volatility of cryptocurrencies. However, Michael S. Barr, vice chair for Supervision for the U.S. Federal Reserve is worried they could “pose a risk to the financial stability” of the country. Barr said it is important to get the regulatory framework right. “The President’s Working Group report…


3 Economists, Including Former Fed Chair Bernanke, Win Nobel Prize

STOCKHOLM—Former U.S. Federal Reserve Chair Ben Bernanke, who put his academic expertise on the Great Depression to work reviving the American economy after the 2007–2008 financial crisis, won the Nobel Prize in economic sciences along with two other U.S.-based economists for their research into bank failures. The Nobel panel at the Royal Swedish Academy of…


Beijing Could Intervene to Stabilize Markets as China’s Financial Risk Increases

China’s economy is shrinking and financial risks increasing under the impact of “zero-COVID” policies and regional lockdowns across the country. On March 25 the China Banking and Insurance Regulatory Commission (CBIRC) established the country’s first financial stability fund. Supplied by China’s banks and other institutions, the fund is intended to help shield the country from…


[Premiering at 7:30 PM ET] Kidnapped by Child Protective Services: The Case of Baby Cyrus

[ Subscribers ONLY ]  A case in Idaho around baby Cyrus being taken from his family by Child Protective Services (CPS) is bringing attention to the financial incentives and extralegal powers states have when taking children from their parents. We spoke with the family and a lawyer involved in the state’s seizure of baby Cyrus…


[Premiering at 7:30 PM ET] Kidnapped by Child Protective Services: The Shocking Case of Baby Cyrus

[ Subscribers ONLY ]  A case in Idaho around baby Cyrus being taken from his family by Child Protective Services (CPS) is bringing attention to the financial incentives and extralegal powers states have when taking children from their parents. We spoke with the family and a lawyer involved in the state’s seizure of baby Cyrus…


Kidnapped by Child Protective Services: The Shocking Case of Baby Cyrus

[ Subscribers ONLY ]  A case in Idaho around baby Cyrus being taken from his family by Child Protective Services (CPS) is bringing attention to the financial incentives and extralegal powers states have when taking children from their parents. We spoke with the family and a lawyer involved in the state’s seizure of baby Cyrus…


[Premiering 4/22, 7:30 PM ET] Kidnapped by Child Protective Services: The Case of Baby Cyrus

[ Subscribers ONLY ]  A case in Idaho around baby Cyrus being taken from his family by Child Protective Services (CPS) is bringing attention to the financial incentives and extralegal powers states have when taking children from their parents. We spoke with the family and a lawyer involved in the state’s seizure of baby Cyrus…


Ukraine Conflict to Test Resilience of Global Financial System: IMF

WASHINGTON—Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the resilience of the global financial system at a time when interest rates are rising sharply, the International Monetary Fund (IMF) warned in its biannual Global Financial Stability Report on Tuesday. While there has so far been no globally…


When Seizing Children From Parents, States Get Money and Extralegal Power: The Case of Baby Cyrus

A case in Idaho around baby Cyrus being taken from his family by Child Protective Services (CPS) is bringing attention to the financial incentives and extralegal powers states have when taking children from their parents. We spoke with the family and a lawyer involved in the state’s seizure of baby Cyrus and found that in…