With the spread of the coronavirus around the world, many people are taking every precaution they can to minimize their risk of contracting the virus. And now the World Health Organization (WHO) has pinpointed one particular thing that has perhaps helped the virus spread so far and wide: cash. We’ve probably all heard the stories […]
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With stock markets having had their quickest correction ever last week, and continuing middling performance that is only being boosted by central bank liquidity, many Americans are wondering what the future holds for the US economy. Many investors have lost 10% or more of their investment assets, and we haven’t even really entered a true […]
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Last week saw stock markets having perhaps their worst week since the financial crisis. All major stock markets entered correction territory in record time, with the Dow Jones, S&P 500, and Nasdaq all losing over 10% of their value in a little over a week. The Dow Jones suffered its largest single-day points drop ever, […]
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Nearly 150 years after its introduction, the .45-70 cartridge is breathing new life as a favored hunting, competition, and defense cartridge. Originally developed in 1873 for use in the Springfield Model 1873 “Trapdoor” rifle, the .45-70 served as the standard US military service cartridge for almost 20 years, before being replaced by the .30-40 Krag […]
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Democratic Presidential candidate Bernie Sanders has said on countless occasions, including the Democratic debates and his speech on Super Tuesday night, that global warming is an “existential threat.” Both Sanders and Elizabeth Warren support the extremist Green New Deal introduced by Senator Ed Markey and “AOC” Alexandria Ocasio-Cortez, which aims to mandate what cars you […]
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Payment provider BitPay is well known in the cryptocurrency world for offering payment services to those who would accept cryptocurrencies as a means of payment. With many vendors and even governments wanting to accept cryptocurrencies as payment, but fearful of losses, BitPay offers them the opportunity to accept cryptocurrencies as payment, converting those payments instantly […]
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The Democratic presidential candidate field is rapidly getting narrower as the list of 12 candidates has dwindled down to three after Super Tuesday. The race is now between Former Vice President Joe Biden, Senator Bernie Sanders, and Senator Elizabeth Warren. Biden had an unexpectedly strong showing on Super Tuesday while Sanders trailed close behind and […]
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If you’re not familiar with the President’s Working Group on Financial Markets, you should be. Also known as the Plunge Protection Team, the group works behind the scenes to shore up financial markets. Consisting of the Treasury Secretary, Federal Reserve Chairman, and the Chairmen of the Securities Exchange Commission (SEC) and Commodity Futures Trading Commission […]
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With more and more cases of the coronavirus coming to light, and more deaths occurring in the United States, the likelihood that many more Americans will face medical quarantines is growing every day. But quarantines aren’t costless, they take both time and money to execute. So who will end up paying for them? That question […]
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In a move that hasn’t been made since the financial crisis, the Federal Reserve this morning announced that it was cutting its target federal funds rate by 50 basis points, to 1 to 1.25%. The move came just two weeks before the Federal Open Market Committee was scheduled to meet again, at which the Fed […]
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