On August 13, Russia’s Central Bank called it a «technological financial pyramid scheme.» First Deputy Governor of the Bank of Russia, Sergey Shvetsov, likened buying Bitcoin to «entering a minefield» and said the local stock exchange should not list any companies that trade in Bitcoin . A month earlier, on July 18, the Bank of England’s FinTech […]
Bills that would allow legal cannabis businesses to access banks or claim normal business deductions have passed the House of Representatives. In a joint statement, new Senate Majority Leader Chuck Schumer and Sens. Corey Booker and Ron Wyden said they would pursue and prioritize «comprehensive cannabis reform legislation» in the […]
Canada has an international reputation for progressive health policies, take for example its publicly funded healthcare program and its assisted dying laws. While one has gone the route of using existing legislation to help individuals apply for exemptions, another is encouraging policy changes that would allow doctors to seek access […]
A total of 36 states across America have legalized cannabis while 15 offer adult-use and medical marijuana, so keeping track of the nation’s patchwork of laws is no easy task. One Florida lawyer has spent the last several years dedicating himself to serving all areas of the nation’s cannabis and […]
What if mental disorders like anxiety, depression or post-traumatic stress disorder aren’t mental disorders at all? In a compelling new paper, biological anthropologists call on the scientific community to rethink mental illness. With a thorough review of the evidence, they show good reasons to think of depression or PTSD as […]
The Fed is going to buy stocks. I don’t know precisely when (sorry day traders), but it will happen, and probably soon. The first half of the Fed’s dual mandate is to promote maximum employment — that means avoiding and mitigating recessions. Supporting the S&P 500 is central to this effort, not […]
Distinctions between public and private markets have been gradually diminishing. Historically, public markets acted as a significant source of capital and liquidity for growing companies and their shareholders; in recent years, however, liquidity has been shifting towards private capital. Research estimates that private capital markets (comprising both private equity and […]
Central bankers look set to go on a gold buying binge this year in the wake of the Covid-19 pandemic, new research shows. And the leading reason for the likely desire to buy bars of bullion is fear of another financial crisis, according to a recent report from industry group […]
Late last night, Hertz (NYSE: HTZ) filed for bankruptcy. The restructuring has sent shockwaves through the US auto industry, according to CNN. What’s driving the decision? Reduced air travel. The TSA reports that domestic flights are down 94%. As a result of this massive shrinkage, car rental rivals Avis Budget […]
More than 600 of the nation’s physicians sent a letter to President Trump this week calling the coronavirus shutdowns a “mass casualty incident” with “exponentially growing negative health consequences” to millions of non COVID patients. “The downstream health effects…are being massively under-estimated and under-reported. This is an order of magnitude […]