Day: May 26, 2022

‘Trump picked this fight’: Why heavyweight Republicans no longer fear Trump

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They’re weary of the incessant conflicts. The inability to get past the 2020 election results. An endorsement strategy seemingly driven by a bruised and restless ego, rather than the party’s best interests. Channeling growing fatigue among rank-and-file Republicans, some of the GOP’s best-known heavyweights are increasingly defying former President Donald Trump in the wake of internecine conflicts from Georgia to Pennsylvania. Bold-face Republican names have never been so comfortable crossing Trump as in recent weeks. Former President George W. Bush, former Vice President Mike Pence, and former New Jersey Gov.…

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Yellen, Biden’s not-so-secret weapon, sees clout diminished

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When Janet Yellen was tapped to join the Biden administration as Treasury secretary, she came with celebrity status — one of the world’s preeminent economists and the first woman to have led the Federal Reserve. More than a year later, as Democrats are grappling with decades-high inflation, stock market turmoil and rising recession fears, Yellen is rarely on center stage. She has surprised supporters by wielding less influence in the West Wing than her recent predecessors did in the job, which is often considered an administration’s chief economic policymaking post,…

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A Forecasting Model Used by the CIA Predicts a Surprising Turn in U.S.-China Relations

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Here’s some good news on the gloomy international scene: Tensions will ease significantly between the U.S. and China soon, as the Biden administration slashes consumer tariffs and Beijing welcomes the move, at least privately. Expect a new round of trade negotiations too. The thaw comes after U.S. Treasury Secretary Janet Yellen makes a big push for change, and as Chinese Premier Li Keqiang, long dismissed as an also-ran, becomes a key player. President Joe Biden and President Xi Jinping reluctantly go along. At least that’s the surprising outcome of a…

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Robb Elementary had security. It didn’t stop a massacre.

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Texas leaders strained to determine what went wrong after 19 students and two teachers died this week in the state’s latest mass shooting. But Republican Gov. Greg Abbott asserted the killer’s access to assault weapons wasn’t the problem. Abbott and top officials are instead revisiting efforts to bolster mental health services and harden school security as families grieve the tragic attack at Robb Elementary School, renewing a debate that last rocked Texas when a 2018 high school massacre killed 10 people. The state approved new laws in 2019 to arm…

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Senate GOP set to block domestic terrorism bill as gun debate heats up

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On Thursday, Senate Republicans are set to block legislation intended to combat domestic terrorism. And they’re all over the place on whether homegrown extremism even needs more federal attention. In the wake of a recent racist shooting in Buffalo, N.Y., Senate Majority Leader Chuck Schumer will hold a vote on House-passed legislation that would set up offices at the Justice Department, the FBI and the Department of Homeland Security to focus on domestic terrorism. The bill is expected to get few if any Republican votes, as the GOP widely views…

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IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST

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The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA, UST Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed cryptocurrency at the World Economic Forum’s annual meeting in Davos Monday. She urged people not to completely shun crypto after the recent collapse of algorithmic stablecoin terrausd (UST) and cryptocurrency terra (LUNA), Bloomberg…

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No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal

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A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted to Russian Parliament Without Amnesty for Miners Russian lawmakers have again filed legislation with the State Duma designed to regulate cryptocurrency mining. The new draft substitutes a bill submitted at the end of April, which has now been withdrawn. The revised version…

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ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better

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In recent times, the impact of bitcoin mining on the environment has been a topical discussion as climate change activists believe proof-of-work (PoW) mining is too energy-intensive. However, a recent report written by the ESG analyst Daniel Batten explains that bitcoin mining could eliminate the world’s carbon emissions by 5.32%. Batten’s study notes that if bitcoin mining entities “aggressively” targeted leaked methane, bitcoin mining has the potential to avoid 0.15% of warming by 2045. ESG Analyst Claims Bitcoin Mining Is Currently the Only ‘Technologically Feasible’ Way of Reducing Methane Emissions…

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US Senator Cruz ‘Incredibly Bullish’ on Bitcoin — Says ‘I Have a Weekly Buy’

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U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” Senator Ted Cruz ‘Incredibly Bullish’ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin at the Heritage Foundation’s Bitcoin and the American Experiment event Monday. He began: I gotta say when it comes to bitcoin, when it comes to crypto more generally, I am incredibly bullish. “I think it…

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Republicans pledge allegiance to a hobbled NRA

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Nothing laid bare the disjointed state of gun politics in America as starkly as the call and response in Texas this week. On Tuesday, it was a school shooting. Days later, Donald Trump and other prominent Republicans will appear at a gathering of the NRA. The Memorial Day weekend event is being billed by the National Rifle Association as a showcase of more than 14 acres of “the latest guns and gear,” with a “powerhouse lineup of political speakers.” On his social media platform, Truth Social, Trump confirmed on Wednesday…

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JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’

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JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” JPMorgan’s Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan published a bullish note on bitcoin and cryptocurrency Wednesday. The bank’s strategists, including Nikolaos Panigirtzoglou, wrote that their price target for bitcoin remains at $38,000, “implying significant upside for digital assets from here.” At the…

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