President Joe Biden’s March 9th Executive Order gave “the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC,” or central bank digital currency. Unlike cryptocurrencies, such as Bitcoin, CBDCs—as their name implies—are issued by central banks and have a value equivalent to the denomination of…
The Dirty Little Secret of Central Bank Digital Currency
April 26, 2022
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Celebrities Threaten to Leave Twitter After Elon Musk Takeover
A number of verified Twitter users, celebrities, and others said they would leave the platform following Elon Musk’s purchase of the social media website Monday. The term “leaving Twitter” trended on the website for several hours, as prominent users claimed that former President Donald Trump—perhaps the most influential poster before his suspension—would be allowed back…
Dollar Roars to Two-Year High on Growth Fears and Rate Bets
LONDON—The dollar roared to a two-year high on Tuesday and the euro hit its weakest since March 2020 as concerns about the economic impact of China’s COVID-19 lockdowns and rising expectations for a big U.S. interest rate hike next week boosted the greenback. With markets facing many risks, including central banks’ tightening policy, just as…
Oil Rebounds on China Demand Concerns in See-Saw Trading
April 26, 2022
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Business & EconomycommoditiescrisisEuropeglobalMarketsOilRussiaRussia-Ukraine WarstockssupplyUkraineWorld
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LONDON—Oil prices rose modestly in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand. Brent crude futures were up 41 cents, or 0.4 percent, at $102.73 a barrel at 1117 GMT, while U.S. West Texas Intermediate contracts were up 18 cents, or 0.2 percent, at $98.72 per barrel. Both…
Shares Fragile, Dollar Soars on Growth Scare and Fed Bets
MILAN—World shares steadied on Tuesday after a late revival on Wall Street, although global growth fears stoked by China’s COVID-19 curbs and fears of aggressive Fed tightening sapped risk appetite, lifting the dollar to new two-year highs. The MSCI world equity index was up 0.2 percent from six-week lows at 1117 GMT, helped by a…
Elon Musk Reveals More Details of His Plans for Twitter After Buyout
Elon Musk revealed more details of what he has in mind for changes at Twitter after it was confirmed that the company had accepted his buyout offer, with the tech mogul’s plans including new features and ways to enhance trust in the platform. Twitter’s board of directors said on April 25 that it had approved…
Economist Nouriel Roubini Warns of ‘Growing Stagflationary Storm’
Economist Nouriel Roubini has warned that advanced economies and emerging markets are facing a “growing stagflationary storm” following a string of aggregate supply shocks and rising costs. Stagflation is a period marked by both rising inflation and increasing unemployment, something the United States has not experienced since 1980. Writing in The Guardian, Roubini, a professor of economics and international business…
Small Businesses Fighting to Stay Afloat Amid High Inflation
Inflation has reached levels not seen in 40 years, placing a strain on household budgets as well as small businesses across the country. According to a new poll of more than 500 small businesses, six out of ten company owners in the United States fear that inflation will force them out of business. The survey…
Jeff Bezos Raises Concerns About China’s Clout Over Twitter After Musk’s Takeover
April 26, 2022
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Business & EconomyChinaChina Business & EconomyChinese RegimeCompanieseconomyElon MuskInfiltrating the WestInvestmentJeff BezosMarketsMedia & Big TechSocial MediaSpecial TopicsTechtechnologyTwitterUSUS NewsUS-China relationsXi Jinping
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Amazon founder Jeff Bezos questioned whether Twitter will fall under the influence of the Chinese regime, hours after Tesla CEO Elon Musk secured a $44 billion buyout of the social media firm. “Interesting question. Did the Chinese government just gain a bit of leverage over the town square?” Bezos wrote on Twitter, responding to a…
Big Tech Censored Biden Criticism 646 Times Over 2 Years: Report
April 26, 2022
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Big TechBig Tech, Censorship, and SocialismBusiness & EconomycensorshipCompaniesExecutive BranchFacebookFeatured TopicsinstagramJoe BidenMedia & Big TechPoliticsTwitterUSUS News
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Big Tech platforms have censored criticism of President Joe Biden more than 600 times over the past two years, according to a new report. The Media Research Center (MRC), a Virginia-based American content analysis and media watchdog group, through its CensorTrack database, found that between March 2020 and March 2022, social media platforms including Facebook,…
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