When the US finishes its exit from the country after 20 years, it will be leaving behind valuable, untapped mineral deposits worth a $1 trillion, according to US military officials and geologists in 2010. Minerals such as iron, copper, gold and lithium are found in huge quantities there, and have …
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The crypto market cap dropped to $1.19 trillion on July 20, according to CoinMarketCap, showing that the sector has nearly doubled in value in less than a month. The price of the world’s most popular digital asset, bitcoin, reached $48,126 early Monday, the highest level seen since May 17. It …
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The group of “moderate” Republicans and Democrats, tasked with ironing out differences so that a $1.2 trillion infrastructure package can be passed, announced on Sunday that the legislative text of the bill was ready. The 2,702-page document, if approved, will see $550 billion in new funding be earmarked to building …
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Filed in December 2020 with much media fanfare, the lawsuit accused Mark Zuckerberg’s behemoth of having a monopoly on Personal Social Network (PSN) services and engaging in “a systematic strategy” to eliminate competition, by buying apps like Instagram and WhatsApp and denying potential rivals access to its platform. US District …
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Biden will propose his budget on Friday. A New York Times report on Thursday revealed that the Democratic president will ask Congress for $6 trillion, and to increase this to $8 trillion by 2031. Such a sustained level of government spending has not been seen in the US since World …
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At its lowest point, the price of the world’s most popular digital asset tumbled $12,000, or nearly 30%, to trade just above $30,000. Ether, the second-biggest cryptocurrency, shed around 40% of its value, while joke token dogecoin lost as much as 50%. As of 13:58 GMT, bitcoin was down more …
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The attack naturally led to higher gasoline prices and a run on gas as drivers worried about looming shortages while Colonial Pipeline Co. worked to restart the flow of fuels. Yet the higher prices at the pump and a possible shortage of fuel supplies are the smaller problem. It is, after all, …
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The increase was due to the US dollar’s decline against other major currencies held in the reserves, along with rises in global asset prices, China’s central bank said in a statement on Friday. The Chinese yuan appreciated 1.2% against the dollar in April, while the greenback dropped 2.1% against a …
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If the German sociologist Max Weber, noted for his seminal 1905 work ‘The Protestant Ethic and the Spirit of Capitalism’, was correct in his assumptions that individual labor serves a moral and spiritual purpose, then the United States has become a veritable den of iniquity. Indeed, the belief that government …
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In a brief photo opportunity at the White House on Thursday afternoon, Biden called the American Rescue Plan a “historic legislation” that is about “rebuilding the backbone of this country,” and said it had broad support among all Americans. He told the reporters gathered at the Oval Office that he …
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