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“#BlackRock’s ‘No. 1’ goal in ‘woke’ investing: Huge ESG-funds haul” Progressives love the story of Engine No. 1, a small activist investor that just fought its way onto the board of what many wokesters consider the most vile company in the world: oil giant ExxonMobil. Most activists — think Paul Singer and Carl Icahn —…
“#Obama’s economic adviser blasts Biden’s stimulus plan, says it could trigger high inflation” Former Obama economic adviser Larry Summers continues to blast the Biden administration’s stimulus plan and warns it will result in a major inflation crisis. “We’re taking substantial risks,” Summers told The Washington Post. “This might not have struck as much a nerve if it didn’t reflect…
“#Dow adds 600 points as bond jitters ease, vaccinations rise” March is coming in like a lion on Wall Street. The Dow surged more than 600 points on Monday and the S&P 500 had its best day since June as last week’s jitters over the bond market cooled and investors grew increasingly optimistic about fiscal…
“# Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality ” Not everyone is excited about hyperbitcoinization. According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially…
“#Nevada Gov. Steve Sisolak wants to build crypto-run private desert cities” Nevada, the state of legalized gambling, prostitution and marijuana, is about to add another layer to its Wild West reputation: Desert cities formed by companies and run entirely on blockchain technology. Nevada Gov. Steve Sisolak held a press conference on Friday to lay out…
“#Markets pop as Fed chair Jerome Powell commits to low interest rates” Federal Reserve Chairman Jerome Powell reiterated plans to keep interest rates close to zero and asset purchases humming along despite signs that the US economy is beginning to recover from the pandemic. After telling the Senate on Tuesday that he was concerned about…
“# Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant ” A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program. The spot price for the Ethereum-based Streamr (DATA) token increased 116% leading into Feb. 12, after it…
“#Record number of NYC eateries sign up for Restaurant Week” Restaurant Week will get participation from a record 571 eateries in all five boroughs of the Big Apple when it kicks off next week, according to the city’s tourism bureau. It will be the first time the decades-old promotion will be a take-out only event…
“# Bitcoin lacks market integrity, says former Trump economic adviser ” Gary Cohn, the former president of Goldman Sachs and former chief economic adviser to Donald Trump, believes that Bitcoin may not hold long-term prospects for investors. In an interview with Bloomberg released today, Cohn said that the crypto asset “lacks some of the basic…
“#Five ways the next mayor can make NYC great again” COVID, mass unemployment, fiscal disaster — the next mayor of New York City will have a lot on his or her plate to cope with. But Hizz-or-Herhonor can make the Big Apple a much better place almost overnight. Face it: Our streets and sidewalks looked…