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Meta Plans $10 Billion Undersea Global Fiber Network In “W” Formation To Avoid Sabotage

Meta Plans $10 Billion Undersea Global Fiber Network In “W” Formation To Avoid Sabotage

Image Source: PixabayA new report from TechCrunch reveals that META, the parent company of Facebook, Instagram, and WhatsApp—one of the largest drivers of internet usage globally, accounting for about 10% of all fixed and 22% of mobile traffic—is planning to secure its own undersea fiber-optic cables to “avoid areas of geopolitical tension.” This move comes amid alarming sabotage […]
Central Bank Of Russia Telegram Account: “Everything Will Be Fine”

Central Bank Of Russia Telegram Account: “Everything Will Be Fine”

Image Source: PexelsI’m taking the WSJ’s word for it, from the article “Russia’s War Economy Shows New Cracks After the Ruble Plunges”. The Russian economy, surprisingly resilient through two-plus years of war and sanctions, has suddenly begun to show serious strains. The ruble is plunging. Inflation is soaring, and President Vladimir Putin told the Russian people this week that there […]
SOS Stock Up 70%+ Today As Firm Announces Plans For A Bitcoin Strategic Reserve

SOS Stock Up 70%+ Today As Firm Announces Plans For A Bitcoin Strategic Reserve

Image Source: UpsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.SOS Ltd. (SOS) has unveiled its plan to invest $50 million in Bitcoin (BTC), a move approved by its Board of Directors. This strategic investment aims to bolster the company’s global presence in the cryptocurrency […]
The Market Is Running At An Extreme Maximum

The Market Is Running At An Extreme Maximum

Image Source: PixabayThis will be a full week of trading with significant market-moving economic data on the agenda. It begins Monday with the ISM Manufacturing report and concludes Friday with the Jobs report. However, this data is likely to have a greater impact on the dollar and interest rates than on the stock market. RATES  Rates […]
Designing An Industry Subsidy: Repayable Advances?

Designing An Industry Subsidy: Repayable Advances?

Image Source: PexelsIf the government is considering an industrial policy to subsidize a certain industry (for example, as the US is subsidizing domestic semiconductor manufacturing), what’s the best way to do it? I am not typically a fan of such subsidies, but it’s possible to make an economic case that for certain industries that provide social as […]
Critics… Critics Everywhere

Critics… Critics Everywhere

Image Source: PexelsThis week, I received a pretty interesting letter from a non-reader critiquing a piece of content I’d written about six months ago.“You don’t seem to understand how the monetary system works…” it leads.Oh… do go on… with an introduction like that.What followed was a near regurgitation of the core parts of several financial, monetary policy, and […]
Majority Will Rely On Financing For Black-Friday/Cyber-Monday Despite Discounts

Majority Will Rely On Financing For Black-Friday/Cyber-Monday Despite Discounts

Image Source: PixabayMillennials are the most likely among the four generations to resort to financing with credit cards or Buy Now, Pay Later (BNPL) schemes for this year’s Black Friday and Cyber Monday purchases, while only 55 percent of Baby Boomers will likely resort to these tactics to take full advantage of discounts offered by e-commerce platforms and retailers.This data stems […]