Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2. SOFR will be the law of the land in the US come July….
The beating heart of the EU institutions is greed and self-gratification either by hook or by crook, Martin Jay writes. Just how important would you say the European Parliament is, both on a local (European) level and internationally? In a pro-European Belgian newspaper in around 2001 I remember reading the results of a survey of…
While I’ve been a big fan of Jeremy Clarkson over the years, I’ve never been proud of him before. Hero worship and celebrity go hand in hand and it’s a dangerous game to ascribe motives beyond self-interest to any celebrity. But in Clarkson’s case he may have just done something worthy of that. Clarkson is…
It’s probably far-fetched and overzealous to think about doing away with the EU altogether. But ditching the parliament might be a good idea. It’s probably far-fetched and overzealous to think about doing away with the EU altogether. But ditching the parliament might be a good idea. Here we go again. Another graft scandal in Brussels….
Sam Bankman-Fried, founder of FTX, now under investigation for fraud. Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second-largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic…
(Usage herein unless otherwise noted: bitcoin = bitcoin; crypto = everything else) A lot of people think crypto is worth something.A lot of people think bitcoin is worth something.Most people in each community think fiat currency has major problems. And they all believe in the cross fungibility of cryptocurrency and fiat. Which is why they…
