Inflation is a Policy Decision (Gary C.)
Inflation results from policies implemented by governments, commercial banks and central banks.
Both debt and M3 have risen exponentially for decades. Inflation is a policy decision that benefits bankers and politicians, so it is not surprising the political and financial elite promote policies that encourage currency devaluations and inflate consumer prices.
The conviction of a computer scientist who searched “insider trading” should concern us all.
Yesterday the Securities and Exchange Commisison announced that it had reached a $120,000 settlement with, Fei Yan, an MIT postdoctoral researcher who, after receiving insider information on a pair of acquisitions from his wife, was caught insider trading from an international account in part because he literally googled “insider trading with international account” as well as ”how sec detect unusual trade.” The civil settlement with the SEC is yet another punishment for Yan, who is also serving a 15-month prison sentence based on criminal charges for the same trades.
Brazilian President Michel Temer signed a decree Tuesday to send troops to the country's northern state of Roraima, where Venezuelans fleeing food shortages have streamed across the border.
The armed forces will have police powers on the borders and highways in Roraima, the Brazilian government said.
Russia has positioned a considerable naval armada in the Mediterranean near Syria after accusing the US of plotting a false-flag chemical-weapons attack in rebel-held areas — and it looks as if it's preparing for war with the US.
A Russian Defense Ministry spokesman, Maj. Gen. Igor Konashenkov, recently said the US had built up its naval forces in the Mediterranean and accused it of "once again preparing major provocations in Syria using poisonous substances to severely destabilize the situation and disrupt the steady dynamics of the ongoing peace process."
Alexa Is Losing Her Edge (Sparky1)
The smart speaker wars aren’t just an industry story. Yes, these firms are vying for slices of a sales pie that could top $23 billion by 2023, according to Strategy Analytics $30 billion by 2024, according to Global Market Insights). But smart speakers, like smartphones, aren’t just about the hardware. They’re about the platform that powers them—in this case, the voice A.I.—and how it shapes users’ behavior.
The Billion Dollar Homeless Scam (thc0655)
New York City will be spending $2.06 billion on its Department of Homeless Services. There are 61,421 homeless people in the city which is spending $33,539 per homeless person. That’s only a little short of the starting salary of an FDNY firefighter at $39,000.
India’s Thirst For Oil Is Outpacing China (Michael S.)
In a disclosure that might not necessarily be good news for Indian economic and government planners, energy consultancy Wood Mackenzie said last week that India will pass China as the country with the largest demand for oil by 2024, accounting for about 30 percent of total global oil demand growth.
Sushant Gupta, a research director for energy consultancy Wood Mackenzie said that this would create substantial problems for the country’s refining sector. "This is clearly an uphill task, unless domestic refiners can commit to their planned capacity additions," Gupta said in statements to UPI.
The Bullish Case For Gas In Europe (Michael S.)
European natural gas pricing is amongst the highest seen in recent years, as unseasonably high demand and the long-term ramifications of the pan-European cold snap are priced into the European market.
For decades, scientists have predicted that B.C. would experience longer, more intense wildfire seasons as the climate warms. But the destruction of the last two years is still a bit surprising.
According to Chilliwack fire ecologist Robert Gray, the scale of the wildfire emergencies we've lived through in 2017 and 2018 wasn't expected for decades. "What we thought was going to be an average condition in 2050, we're starting to see those conditions coming a lot sooner," Gray told CBC.
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