“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” – Plutarch
The Land of 10,000 Puddles
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Job Growth Rebounded Slightly Last MonthU.S. job growth rebounded slightly in August after a mid-summer scare, keeping the Federal Reserve on track to begin cutting interest rates at their meeting in two weeks. The economy added 142,000 jobs, according to the Labor Department, an uptick from July hiring that sparked slowdown fears and jarred global financial markets. The unemployment rate in August ticked lower to 4.2%.
In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token PayoutsThe team could get 70% of World Liberty Financial's tokens, a significantly higher-than-normal allocation from a project marketed as a solution to the “rigged” traditional finance system.
Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': GarlinghouseGensler’s next move: How SEC leadership could evolve under Harris or TrumpNvidia posts historic one-day loss after US antitrust subpoenaNewly discovered antibody protects against all COVID-19 variants
Home invaders used machete, Toblerone to rob a man of his BitcoinPlunging Office Values Alarm WashingtonThe market for office buildings — already reeling from higher vacancy rates amid the rise in remote-work policies — has been crushed by high borrowing costs, and while the Federal Reserve is at last preparing to cut interest rates, it may be too little, too late. Investors, banks and property owners are now beginning to accept that some commercial buildings will never recover their pre-pandemic value, and that’s leading to a steady drumbeat of distressed sales. The market’s troubles have caught the attention of Congress — with one New York lawmaker calling it a ‘ticking time bomb’ for banks.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With StablecoinsThe pillars of China’s economy are in a free fall that’s getting worseWhales hoarding Bitcoin: Wallets with 100+ BTC hit 17-month highCOVID vaccine distrust growing among Americans, survey finds
For Hive Power Up Day, I staked 541.119 HIVE.The Sky is Falling!Republicans Plant Seeds to Overturn a Trump DefeatRepublicans are setting off a slew of legal fights in the battleground states ahead of the November election, raising suspicions among Kamala Harris and her Democratic allies that the underlying goal is to gin up doubts about the result if Donald Trump loses. All these claims look different on the surface. But the Harris campaign says there’s a pattern tying them together: Trump and his Republican allies want to sow confusion about the outcome should he lose. Democrats have submitted legal filings in at least one case that convey their misgivings about what they contend is the true purpose of the GOP litigation. A defeated Trump could invoke the cases to revive his unfounded claim that election procedures are tainted in ways that should nullify the result.