Tag: Government
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I got an interesting message in my e-mail this morning. The NPR Planet Money newsletter reviewed the prior nearly ten years in legal marijuana in some states, and came to some interesting conclusions: What’s changed: More marijuana use Way more jobs Way more tax revenue. California makes over $600 million…
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The US government is selling its bitcoin…all $38,000 worth: Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin. The federal government did not reveal the source…
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In the waning days of the Trump administration, the government proposed regulations that would ban anonymity for holders of cryptocurrencies: Users whose wallets now are only identified with codes would have their true identities recorded with the financial institutions they zealously avoided. This proposed regulation has now been passed on…
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A huge untold story of the world today is how far Europe has fallen behind the US economically in recent decades: Here are the 2019 numbers (in 2019 dollars, again World Bank) US: $65,297. UK $42,330. That’s 35% less than the US. Or, the US is 54% better off than…
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As many in Texas enter a fifth day without power in freezing temperatures, I searched for information on how such a disaster could’ve happened. I came upon some excellent perspective from Professor Daniel Cohan at Rice University: See the entire Twitter thread here. Very much worth reading. Not preparing the…
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Citadel CEO Ken Griffin claims that even though they pay Robinhood to execute their trades, investors are getting a better deal than they would in public stock markets: Citadel CEO Ken Griffin said Thursday that the system has been “very important to the democratization of finance. It has allowed the…
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Reddit’s Wallstreetbets loves Palantir Technologies, a Denver-based maker of data analytics software. The merry band of traders mention it more than any other stock, but the company has serious problems. Big Losses Palantir claims to make products that analyze data better than anyone else. If that’s true, why has the…
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It’s bigger than party. The Problem This all started when I had to renew my library card. I got an e-mail requesting a picture of a photo ID with my current address on it. I got my driver’s license and passport before I moved here two years ago, so I…
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+ Bureaucracy, Coronavirus, COVID-19, Government, New Jersey, New York, New York City, NJ, NYC, Vaccines+
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Today, Myanmar’s (deeply flawed) democracy fell today to a military coup: The coup follows a disputed election in November that Suu Kyi’s National League for Democracy party won by a landslide. The main opposition party, the army-backed Union Solidarity and Development Party, claimed the vote was marred by fraud. Myanmar’s…
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My main business is investment, and some recent developments have gotten me thinking about where markets are headed this year. An end to the pandemic by Q2 2021 is predicted by multiple models (here and here). We’ve seen a substantial increase in personal income in 2020, largely due to the…
Tremendous 