B.C. Supreme Court judge William Ehrcke on December 11 granted Wanzhou’s release on $10 million bail (including $7 million in cash) on the condition that she wear an electronic ankle bracelet, surrender passports, stay in Vancouver and its suburbs and confine herself to one of her family’s two Vancouver homes between 11 p.m. and 6 a.m.
“The BOJ has also drawn a line in the sand in terms of allowing yields to leak higher — given they’ve doubled down on their bond buying, there’s relative stability in the market,” said Pelosi, who helps oversee the equivalent of $22 billion. “In a world with a lot of uncertainty, that can be attractive to some global investors.”
How a World Order Ends (tmn)
But if the end of every order is inevitable, the timing and the manner of its ending are not. Nor is what comes in its wake. Orders tend to expire in a prolonged deterioration rather than a sudden collapse. And just as maintaining the order depends on effective statecraft and effective action, good policy and proactive diplomacy can help determine how that deterioration unfolds and what it brings. Yet for that to happen, something else must come first: recognition that the old order is never coming back and that efforts to resurrect it will be in vain. As with any ending, acceptance must come before one can move on.
Why Did All the Old People Decide to Be Broke? (edelinski)
The particular deal Coomer had with McDonnell Douglas required him to spend 30 years with the company. After he’d been working at the company’s Tulsa factory for 29 years, he told CBS, an announcement came over the loudspeaker telling the workers that the plant was being shut down, leaving him unemployed and one year short of the full pension.
Saboteur in Chief (newsbuoy)
There is, surely, a reason why books that give us Trump in all his outlandish tawdriness—like Michael Wolff’s Fire and Fury and Bob Woodward’s Fear: Trump in the White House—cannot, however appalling their accounts may be, do him any harm. They are exercises in “looking straight at him to learn the truth about him,” an act that seems entirely right by any traditional political and journalistic standard but that misses the specificity of Trump’s performance. If you look straight at such a glaring object, you are blinded.
Firearm deaths in the data include gun deaths by homicide and suicide, unintentional deaths, deaths in war or legal interventions, and deaths that are undetermined.
When the data are analyzed by race and gender, they show that white men made up 23,927 of the total 39,773 firearm deaths last year, including suicides.
The Justice Department’s response to the case was highly unusual: though it disagreed with the plaintiffs that the entire law should be struck down, it declined this year to defend not just the individual mandate, but the law’s provisions that protect people with pre-existing conditions. That prompted a coalition of 16 states and the District of Columbia, led by California, to intervene and defend the law.
In a study of 5 million leaked passwords from recent breaches, SplashData found that some common bad passwords that keep popping up include “123456,” “password,” “admin,” and “abc123.”
You really shouldn’t eat glitter, FDA warns (Thomas R.)
The federal agency released a YouTube video to help folks discern which glitter is good, and which is bad. Companies that produce edible glitter are required by law to list ingredients on the label. Ingredients can include sugar, acacia, cornstarch and color additives.
According to the FDA, decorative glitters and dusts are commonly sold under names like luster dust, disco dust, twinkle dust, petal dust and shimmer powder.
Having evaluated strategic options for ASA, the Board concluded that externalizing investment management with an experienced and committed investment adviser will provide valuable resources and greater efficiencies. The Board believes that this opportunity provides a more sustainable and transparent cost structure for the long-term benefit of shareholders.
Axel Merk, President and Chief Investment Officer of Merk Investments, said: “Merk is pleased to have been selected as investment adviser to ASA. Following approval by shareholders, we look forward to providing new resources and continuing ASA’s investment focus. Combined with our commitment to the gold space dating back about 15 years, we believe Merk’s extensive macro research may benefit ASA.
In that context, some observers were cautiously optimistic about the outcome of this week’s U.N. climate talks in the city of Katowice. “Particularly given the broader geopolitical context, this is a pretty solid outcome,” said Elliot Diringer, the executive vice president of the Center for Climate and Energy Solutions. “It delivers what we need to get the Paris Agreement off the ground.”
A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal. At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corp. as a public infrastructure bank. The Federal Reserve could also fund any program Congress wanted, if mandated to do so. Congress wrote the Federal Reserve Act and can amend it. Or the Treasury itself could do it, without the need to even change any laws. The Constitution authorizes Congress to “coin money” and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion-dollar platinum coins, put them in its bank account and start writing checks against them. What stops legislators from exercising those constitutional powers is simply that “everyone knows” Zimbabwe-style hyperinflation will result. But will it? Compelling historical precedent shows that this need not be the case.
Gold & Silver
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