US CPI Lower Than Forecast, But Real Wages Continue to Plummet
US consumer prices came in lower than expected— albeit still more than three times higher than the Fed’s target range. Real wages, meanwhile, continued their downward slide for the 20th consecutive month. Americans paid 0.1% more for goods and services between October and November, as prices remained 7.1% higher compared to the same period one […]
Not Even The Miami Sun Can Thaw This Crypto Winter
Miami was once poised to become the crypto capital of the world. Its mayor, Francis Suarez, has made boosting the city’s image as the crypto hub his main mission. He once pledged to take his salary in bitcoin and seriously recommended paying the city government’s staff and taxes with it. To push it further, the […]
“I Wish I Had Remained Grounded” And Other Highlights Of Sam Bankman-Fried’s Congress Testimony
Just before he was reportedly arrested in the Bahamas, FTX founder Sam Bankman-Fried was supposed to head to US Congress to testify on his knowledge on how the bankrupt crypto exchange went awry. But timing is not on his side (or it was, depending on where you stand) as multiple reports now say that the […]
Chinese Police Bust Massive Money Laundering Gang That Used Tether to Launder $1.7 Billion
Chinese authorities arrested numerous people accused of using the tether stablecoin to launder nearly $2 billion in illicit funds procured from ponzi schemes, gambling, and other illegal activities. As per a statement from the Tongliao Public Security Bureau serving the region of eastern Inner Mongolia, Chinese police have arrested 63 individuals for using cryptocurrencies to […]
BREAKING: Sam Bankman-Fried Reportedly Arrested By Bahamas Authorities
It is currently being reported that Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, has been arrested by authorities in the Bahamas. The arrest reportedly occurred today, on December 12, by The Royal Bahamas Police Force, as reported by the Office of the Attorney General of The Bahamas. The arrest follows notification […]
Nuclear Fusion Breakthrough: US Scientists Create Groundbreaking Net Energy Gain During Fusion Reaction Experiment
American scientists have made a groundbreaking discovery in their quest to achieve nuclear fusion, creating a net energy gain from the reaction for the first time ever. According to an unverified reports from people familiar with the experiment cited by the Financial Times, physicists at the federal Lawrence Livermore National Laboratory in California have successfully […]
Elon Musk Booed by Audience During Cringeworthy Appearance at Dave Chappelle Comedy Gig
New Twitter owner Elon Musk apparently doesn’t have a very large fan base. The billionaire made an appearance at a Dave Chappelle comedy show during the weekend, garnering an astonishing amount of boos from a crowd otherwise immune to bigoted, anti-woke offensive humour. “Ladies and gentlemen, make some noise for the richest man in the […]
Celebrities Are Getting Sued Over NFT Endorsements
Just weeks after celebrities like Larry David, Tom Brady, Gisele Bündchen, and Stephen Curry were sued for endorsing the failed crypto exchange FTX, a new list of celebrities are facing a class-action lawsuit, this time for endorsing Bored Ape. The suit alleges that over 40 celebrities and companies including the likes of Gwyneth Paltrow, Jimmy […]
Pierre Poilievre Pushes For Plain Language Law — But Is It Necessary?
Shortly before he was voted to lead the Canadian Conservative Party, Pierre Poilievre made headlines because he said he wanted politicians to speak more plainly and take out the “bureaucratese,” saying that it was it allowed governments to “do nothing but add and add and add paperwork and forms and endless red tape.” The Act, […]
Toronto Mayor John Tory Wants You To Learn Real Estate From Monopoly Instead
Yes, the board game, which–according to the 68-year old PC mayor–is sometimes better than a “financial literacy course.” As Toronto battles an impending housing crisis, its Mayor John Tory warned that real estate investors and landlords could go broke should they contribute in exacerbating the problem with rising costs. To illustrate his point, he encouraged […]