Bitcoin, which already had the worst start of the year in its history, has dropped 16.8 percent just this week. Its record high of almost $68K in November is now below $35K.
Economy
Alabama Town’s Speed Trap Rakes In Nearly Half Of Its Revenue From Traffic Tickets And Forfeitures
Some residents claim that officers have tried to issue tickets or threatened arrest, citing laws that don’t even exist — like jail time for not having an ID.
Legendary Investor Predicts S&P 500 Will Crash Up To 50% After “Superbubble” Bursts
Grantham notes that he is “increasingly feeling like the boy watching the naked emperor passing in procession” about cryptocurrency’s “touchy-feely characteristic.”
An “Out Of Touch” Wharton Business Student Thinks The Average Worker Makes $800,000 In The US
According to the Social Security Administration, the actual numbers for the average U.S. annual wage last year was $53,383, and the median wage was $34,612.
Peloton Execs And Insiders Sold Off Close To $500M In Stock Before It Crashed — Must Be A Coincidence
“One of the most well-accepted facts from decades of research on insider trading is that corporate insiders buy near bottoms and sell near peaks,” said Daniel Taylor from Wharton.
Bronx-Born Cardi B Will Cover Funeral Expenses For All 17 Victims Of Tragic Borough High-Rise Fire
“I’m extremely proud to be from the Bronx, and I have lots of family and friends who live and work there still… I knew I needed to do something to help,” she explained.
Man Pleads Guilty To Slavery Charges–Paid Worker $13.60 A Day And Forced Him To Live In A Shed
Officers explained that a separate shed provided for Mr. Swailes’s family dog was “in a far better state” than the tiny, dark, unheated shed given to his worker.
The US Lavishes $10 On Fossil Fuel Subsidies For Every $1 It Allocates For Education
Spending so much on fossil fuel subsidies compared to other programs seems indefensible when up to 80% of the US could be powered by renewables, in principal.
Indonesian Student Becomes A Millionaire After Turning Daily Selfies Into NFTs As A Joke
“Uploading my photo into NFT lol,” he tweeted. The next day on January 11, he tweeted: “Can’t believe people actually bought my photo NFT, 35 already sold in one day.”
The Vast Majority Of PPP Loans Went To Wealthy Households And Business Owners: Study
The economists suggest the US prepare a “sophisticated administrative system,” similar to other high-income countries that wield more efficient emergency financial programs.
Economic Left 