Independent thinking for complex markets and current events
More trouble for China's yuan ahead. Already high drama w/onshore rate (CNY) right at the 2% daily limit day after day. Offshore continues to be substantially weaker. Given what the Chinese reported from their economic situation, can't blame CNY or CNH. Economy is not responding. pic.twitter.com/nTzeSxVe9r — Jeffrey P. Snider (@JeffSnider_EDU) April 17, 2024
China Maintains Yuan Defense After Currency Nears Red Line (Bloomberg) — China stuck to a pattern of keeping yuan weakness contained as pressure from a resilient dollar and poor investor sentiment pushes it toward a policy red line. The People’s Bank of China kept its daily reference rate for the managed currency broadly unchanged, implying …
A group of Republican Wyoming lawmakers want to phase out the sale of electric vehicles in the Cowboy State by 2035, saying the move will help safeguard oil and gas industries. The bill, introduced into the state legislature on Friday, claims electric vehicles will hinder Wyoming’s ability to trade with other states. “Wyoming’s vast stretches of highway, coupled with a lack of electric …
Angela Chao, a shipping industry CEO and sister-in-law to Senate Minority Leader Mitch McConnell, was intoxicated when she drove into a pond and died last month in Texas, according to a law enforcement report released Wednesday. The investigation by the Blanco County Sheriff’s Office concluded that Chao’s death was an “unfortunate accident” and her blood …
A newly-proposed class action lawsuit alleges that Apple has “marked up its iCloud prices to the point where the service is generating almost pure profit.” As reported first by Bloomberg Law, the plaintiffs accuse Apple of “rigging the competitive playing field” by only allowing iCloud to manage device backups and other storage needs. “Apple device holders …
UPDATE: Ayo Edebiri, the “woman” Disney is considering to replace Johnny Depp in the next Pirates of The Caribbean movie, identifies as a “queer” and is an extremist socialist who hates capitalism 🚨UPDATE: Ayo Edebiri, the “woman” Disney is considering to replace Johnny Depp in the next Pirates of The Caribbean movie, identifies as a …
In a controversial move, California Senator Scott Wiener introduces bills forcing new vehicles, starting 2027, to incorporate “speed governors,” limiting speeds to 10 mph above posted limits. Critics slam the proposal as a direct assault on personal freedoms, arguing that citizens should be trusted to drive responsibly without intrusive technology. The heated debate unfolds as …
Bill O’Reilly has reached his absolute limit. pic.twitter.com/FkuGovnDHs — Big Fish (@BigFish3000) January 11, 2024
These bastards are tightning up Just had my Chase Amazon Credit Card Limit Reduced from $12,000 ➡️ $500 Had for 5 years now. Started @ $1000➡️$5000➡️$12000 Scarry bastards More Info CC Age: 5 Yrs History: No Late Payments Utilization: 2-6K mo statement balances Overall Credit: 640 Total Credit Limit: $150k Total Credit Used: ~$50k Credit …
Tourism is part of the problem. The tourism sector generates around one-tenth of the greenhouse gas emissions that are driving the climate crisis. What is a carbon passport? The idea of a carbon passport centers on each traveler being assigned a yearly carbon allowance that they cannot exceed. These allowances can then “ration” travel. Globally, …
via spokesman: OLYMPIA – Linda Thompson has been advocating for tougher laws against drunken driving for more than 30 years. And on Monday she was at it again, this time testifying at a state Senate hearing for a bill that would lower the blood alcohol limit for driving, citing her extensive experience as a “preventionist.” …
Why is this not getting more attention? h/t WarrenBuffetsIntern
Americans could be urged by officials to drink no more than two beers a week as part of strict new alcohol guidelines. Biden’s health czar told DailyMail.com the USDA could revise its alcohol advice to match Canada’s, where people are advised to have just two drinks per week. Dr George Koob — who admits enjoying …
by EuphoricTrilby A worldwide digital currency is the final hill to die on for our global oligarchs. If you have unapproved opinions about war or pandemics or etc, then BAM, your access to your own money is shut off. This is merely a gradual ban on cash, and they will apply more restrictions as time …
NYT lost the plot long ago — Elon Musk (@elonmusk) August 17, 2023 Only communists, fascists, and evil people are afraid of free speech. https://t.co/QQeux7AIKH — Catturd ™ (@catturd2) August 17, 2023
If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill. No limit. Please let us know. — Elon Musk (@elonmusk) August 6, 2023 .@MethodistHosp suspended my hospital privileges and reported me to the Texas Medical Board for views I posted on Twitter. …
by Chris Black In America, they would say this is against freedom. China is proposing new measures to curb the amount of time that kids and teens can spend on their phones, as the country takes aim at internet addiction and tries to cultivate 'good morality' and 'socialist values' among minors.https://t.co/NW93gofoFi — NewsWatch Plus PH …
via NBCNEWS: A bipartisan pair of senators hopes to limit China’s ability to purchase farmland in the U.S. and force the U.S. government to consider stripping some Chinese and foreign landowners of their real estate. In a statement, Sens. Joni Ernst, R-Iowa, and Debbie Stabenow, D-Mich., said they “are taking action as a response to …
No one likes getting a speeding ticket, but we suspect Finnish businessman Anders Wiklöf is smarting after getting his recent citation. The staggering fine was the equivalent of $129,400 (121,000 euros). Wiklöf was traveling 51 miles per hour (82 kilometers per hour) in a 31-mph (50-kph) zone. He told the Nya Åland newspaper that the …
by Surfing_T_Waves This seems way overdue for an adjustment.. I looked up the conversion and $3000 from 1978 is worth about $14,000 today. Just something I noticed for the first time and wanted to share. 45 years without any changes. Anyone know of any ways we can push for this limit to be raised? I …
The Senate rejected an amendment to the Debt Limit bill that would have added the House-passed H.R. 2, the Secure the Border Act, to the must-pass legislation. The amendment was defeated 46-to-51 mostly along party lines with all but one Republican supporting the amendment and all the Democrats opposing the amendment. https://www.numbersusa.com/news/senate-rejects-hr2-amendment-debt-limit-legislation Sen. Rand Paul (R-Ky.) was the lone Republican to oppose the amendment. Sens. Ted Cruz …