A top Fed official says digital currency may be the money equivalent of parachute pants.


By BY JEANNA SMIALEK from NYT Business https://ift.tt/3A84M4L

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia reopens mosques with strict regulations for worshippers

Image
Saudi Arabia's mosques opened their doors to worshippers on Sunday for the first time in more than two months as the kingdom, the birthplace of Islam, eased restrictions imposed to combat the coronavirus. "It is great to feel the mercy of God and once again call people for prayers at mosques instead of at their homes," said Abdulmajeed Al Mohaisen, who issues the call to prayer at Al Rajhi Mosque, one of the largest in the capital Riyadh. from Yahoo News - Latest News & Headlines https://ift.tt/3cdeLbW
Read more

122 children killed in Philippines drugs war: NGOs

Image
At least 122 children have been killed in the Philippines' war on drugs -- often deliberately, two non-governmental organisations said Monday, urging the UN to take action. The NGOs fear that the true figure is way higher, they said in a report, as the United Nations Human Rights Council prepares to assess the situation in the Philippines. President Rodrigo Duterte's hardline anti-drugs campaign has come under fire from rights activists who say police are encouraged to use lethal force on drug suspects and thousands have been killed since 2016. from Yahoo News - Latest News & Headlines https://ift.tt/3ihvIpI
Read more

More Chinese regions brace for floods as storms shift east

Image
Torrential rain is set to hit China's eastern coastal regions this week after overwhelming large parts of the southwest, inundating villages and tourist spots and displacing more than 700,000 people, state weather forecasters said on Monday. Nearly 14 million people in 26 different provinces had been affected by storms and floods by Friday, with 744,000 evacuated, the China Daily reported, citing the Ministry for Emergency Management. Much of the damage has hit southwestern regions like Guangxi and Sichuan, and the municipality of Chongqing on the upper reaches of the Yangtze river last week experienced its worst floods since 1940. from Yahoo News - Latest News & Headlines https://ift.tt/3eJK9kf
Read more