Thursday, December 14, 2017

Interesting Turn Of Phrase

How Bitcoin Has Become A Decentralized Ponzi Scheme

The mainstream media has finally taken notice of the cryptocurrency world. Or perhaps more accurately, the cryptocurrency world has crashed onto the stage and into the spotlight. Some people who believed in the technology and bought into it just a couple of years ago have stood to make huge gains.

The Continued Push Against All Things Oil

Chinese auto giant to end petrol vehicle sales by 2025

One of China's largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country's roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase out sales of conventional cars in Beijing by 2020 and nationwide by 2025, according to the official Xinhua news agency.

Wednesday, December 13, 2017

Interesting. Is The Backlash Beginning?

South Korea bans its banks from dealing in Bitcoin

South Korea on Wednesday banned its financial institutions from dealing in virtual currencies such as Bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country.

Maybe This Is Why Treasury Yields Will Be Going Up In A Year Or Two

Treasury report says tax-cut plan will more than pay for itself, add $300 billion in revenue

The Treasury Department said Monday that the Senate-approved tax reform plan would pay for itself and more, actually boosting revenue by $300 billion over 10 years. The one-page analysis by Treasury counters a congressional forecast that the tax cuts would add about $1 trillion in deficits over the next decade.

One Voice Of Reason Spoke Out

Rand Paul says he won’t vote for spending bill that adds to “already massive $20 trillion debt”

Screen Shot 2017-12-12 at 22417 PM Sen. Rand Paul (R-Ky.) said on Tuesday that he won’t vote to add to the “massive” national debt. “I cannot in good conscience vote to add more to the already massive $20 trillion debt.

Another Reason To Be Bullish On Oil: Scarcity

World Bank to stop financing oil, gas projects from 2019

The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy's shift to clean energy. "The World Bank Group will no longer finance upstream oil and gas, after 2019," it said in a statement in Paris, where world leaders sought to unlock more money for the shift away from Earth-warming fossil fuels.

Monday, December 11, 2017

Hooray!! (Except If You're England)

EU and Japan conclude 'gigantic' free trade deal

The EU and Japan announced on Friday they have concluded negotiations for a giant free trade deal while "fighting the temptation of protectionism," in an apparent message to US President Donald Trump.

Here We Go Again

Ethereum Could Hit As High As $4,000 In 2018

Cats: You either love those harry furballs or you don’t, but the internet is filled with them. Given their ubiquity in the digital space, it was perhaps inevitable that cats cross over into crypto-land and onto the most dominant smart-contract platform today: Ethereum.

The Face Of Capitalism Continues To Change

Aldi to Give Away All its Unsold Fresh Food to 'Less Fortunate Individuals' on Christmas Eve

In celebration of the holiday season, grocery store chain Aldi is being lauded for announcing a plan to donate all unsold fresh food to various nonprofits and charitable organizations on the afternoon before Christmas.

Sunday, December 10, 2017

You're Kidding

President Trump Watches Four Hours of TV a Day

The same president who once told reporters he doesn’t have time to watch television and prefers to be “reading documents. A lot” watches at least four hours of TV every day, and sometimes up to eight hours, people close to him told The New York Times.

The Middle Eastern Cold War Changes

Arab League condemns US move as 'dangerous and unjust'

The head of the Arab League has called US President Donald Trump's decision to recognise Jerusalem as Israel's capital "dangerous and unacceptable" and a "flagrant attack on a political solution" to the Israeli- Palestinian conflict.

Picking Up A Two-Four For Four-Twenty

Legal Pot: Canada Will Sell Marijuana in Liquor Stores

One province in Canada has decided to sell its marijuana in liquor stores. Nova Scotia, a province on Canada’s eastern shore, announced on Thursday that the Nova Scotia Liquor Corporation, its sole alcohol distributor, would sell the drug in its stores and on its website once Canada legalizes weed in July of next year.

Thursday, December 07, 2017

Northern China Hungry For Natural Gas

How gas-for-coal program is carried out makes a difference

The National Development and Reform Commission, China's top economic planner, has stepped in to coordinate the major natural gas suppliers to stabilize prices and ensure an adequate supply to cope with rising demand in northern China.

Wednesday, December 06, 2017

I Think Airbus And Boeing Should Start Praying

C919 gains another 55 orders, lifting total orders to 785

China's homegrown large passenger plane C919 takes off from Pudong International Airport in Shanghai, East China, Nov 10, 2017. [Photo/Xinhua] The C919, China's first home-developed large passenger plane, gained another 55 orders on Tuesday from ICBC Leasing Co Ltd, China's largest aircraft leasing company by assets, lifting its total orders to 785.