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” Bringing community-based solutions to crypto lending can solve trust issues “ A type of decentralized finance (DeFi) that allows investors to lend their crypto tokens in return for regular interest payments, the crypto lending space comprises both centralized and decentralized crypto entities that manage the entire process on behalf of their investors. Offering high…
McConnell: Omnibus boosts defense spending, cuts nondefense spending Senate Minority Leader Mitch McConnell (R-Ky.) on Monday touted the year-end deal on an omnibus spending package as a victory for Republicans because it will boost defense spending above the rate of inflation and increase nondefense spending at a lower rate than inflation, effectively resulting in a…
” The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto “ The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry needs to explore ways to decouple crypto from traditional markets….
Officials brace for end of Title 42 amid border crisis The controversial border policy Title 42 is ending this week, raising fresh concerns about an influx of migrants into border states while drawing cheers from immigration activists who have long said the policy is cruel and inhumane. Leading a clamor of concern about the policy’s…
How Democrats face a conundrum when it comes to Biden President Biden is riding high in a number of ways as he closes the door on 2022. He’s coming off a strong midterm election that saw his party gain a Senate seat and two governorships. Democrats lost the House majority but did much better than…
Congress set to tackle crack, powder cocaine sentencing disparity before year’s end Lawmakers are making a last-ditch push to pass legislation that seeks to reduce — but not entirely erase — sentencing disparities for crack and powder cocaine offenses before the year is finished. Senate Democrats are expressing optimism about chances to pass legislation aimed…
The Memo: Twitter’s turmoil under Musk roils political waters New Twitter controversies have erupted on an almost hourly basis over the past few days — and the bigger picture is one in which the future of the social media giant is in serious flux under Elon Musk’s ownership. That, in turn, is roiling political debates…
Fed, Wall Street ‘in a brawl’ over inflation cure The Federal Reserve and the stock market are butting heads over the central bank’s efforts to fight inflation. Stocks capped a steep two-day sell-off on Friday, wiping out gains from a rally earlier in the week driven by hopeful economic news. Inflation as measured by the…
South Carolina seeks to defend newly-won turf in Democratic primary South Carolina Democrats are preparing to defend their turf amid backlash over what’s likely to be the state’s preeminent place in the 2024 presidential primary calendar. The Palmetto State is tentatively set to vote first in the lineup after a blessing from President Biden’s White…
Updated COVID booster prevents majority of hospitalizations, CDC data show New data from the Centers for Disease Control and Prevention (CDC) show the bivalent COVID-19 booster shot was effective at reducing the risk of hospitalization and emergency room visits by at least 50 percent. Two separate reports released by the CDC Friday offer some of…